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Sept. 8, 2022, 9:14 a.m. EDT

CBOE's Weekly Market Recap: August 29 to September 2

By Jad Malaeb, Benzinga

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Chicago, Illinois, Sep 08, 2022 (News Direct via Comtex) -- --News Direct--

Last week, an outpouring of economic reports was quickly digested by Wall Street.

At first glance, it appears the result of these reports showed positive signs. On Aug. 30, for example, the Labor Department reported 4.2 million quits compared to the 4.3 million forecasts. Jobless claims came in at 232,000, compared to the 245,000 median forecasts, and the ISM Manufacturing Index rose to 52.8% compared to the 51.8% estimate.

Interactive Brokers Group Inc. /zigman2/quotes/208880397/composite IBKR -0.61% ’s Daily Lineup reports on the actions seen on Friday: “The stock market had a good run in the morning trade that saw the S&P 500, Dow Jones Industrial Average and Nasdaq each gain 1% at their highs. The market had a quick and sharp reversal in the afternoon, however, following a Bloomberg TV report that Gazprom is going to keep the Nord Stream 1 pipeline shut down due to a ‘technical issue’ that involves an oil leak.”

Despite some positive economic data, Cboe Global Markets Inc. (bats:CBOE) reports that all major indices and exchange-traded funds (ETFs) recorded in this series — bar The Netherlands’ iShares Core DAX UCITS ETF (bit:EXS1) — have decreased in value over the past week. Cryptocurrencies look to be following suit as well, albeit in a less dramatic fashion.

Lululemon Athletica Inc /zigman2/quotes/204011506/composite LULU +0.81% wins chart of the week following an earnings report that showed stronger-than-expected results and surprised Wall Street analysts.

Finally, Cboe notes earnings reports that may raise investors’ eyebrows in the following week.

  • The SPDR S&P 500 ETF (nysearca:SPY) decreased by 3.22% last week, the ETF’s third consecutive week of decline.

  • The Invesco QQQ Trust Series 1 /zigman2/quotes/208575548/composite QQQ +1.01% decreased by 3.99% last week, recording its third consecutive week of decline.

  • The iShares Russell 2000 ETF /zigman2/quotes/209961116/composite IWM +0.47% decreased by 4.69% last week, experiencing a larger decline than both its larger counterparts.

  • The Cboe Volatility Index™ (indexcboe:VIX) increased by 0.23% last week.

  • The iShares Core MSCI Europe ETF (nysearca:IEUR) decreased by 3.56% week-on-week.

  • The iShares FTSE 100 UCITS ETF /zigman2/quotes/203510042/delayed UK:ISF -0.22% decreased by 1.94% week-on-week.

  • The iShares Core DAX UCITS ETF (bit:EXS1) increased by 0.64% week-on-week, showing behavior inconsistent with the U.S. ETFs listed in this series.

  • The Lyxor CAC 40 ETF (epa:CAC) decreased by 1.64% week-on-week.

Shares of athletic apparel retailer Lululemon Athletica Inc. experienced a 7% increase in after-hours following an earnings report that surprised Wall Street analysts.

On Aug. 26, the company reported an earnings per share (EPS) profit of $2.20, which was 18.2% greater than the $1.86 consensus estimate. Despite the economic recession and an expected dilution in retail spending, Lululemon’s revenue maintained growth, generating $1.886 billion – 5.3% higher than consensus estimates.

/zigman2/quotes/208880397/composite
US : U.S.: Nasdaq
$ 75.65
-0.47 -0.61%
Volume: 435,610
Dec. 8, 2022 2:48p
P/E Ratio
24.38
Dividend Yield
0.53%
Market Cap
$31.92 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/204011506/composite
US : U.S.: Nasdaq
$ 375.35
+3.02 +0.81%
Volume: 1.60M
Dec. 8, 2022 2:50p
P/E Ratio
43.85
Dividend Yield
N/A
Market Cap
$49.41 billion
Rev. per Employee
$243,494
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/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 283.36
+2.83 +1.01%
Volume: 30.85M
Dec. 8, 2022 2:50p
loading...
/zigman2/quotes/209961116/composite
US : U.S.: NYSE Arca
$ 180.38
+0.84 +0.47%
Volume: 13.42M
Dec. 8, 2022 2:50p
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/zigman2/quotes/203510042/delayed
UK : U.K.: London
732.60 p
-1.60 -0.22%
Volume: 985,904
Dec. 8, 2022 4:35p
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