1. Week 40 major indexes performance;
2. Week 40 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
Most U.S stocks down for 3rd week in a row, for SPX and DJI index but strength in Apple(AAPL) and other technology stocks supported the Nasdaq index(COMP) to ended modestly higher for the week after 2-wk down.
U.S PMI in Sep contracted for 2nd month in a row, Services index also decline but remained in expansionary territory. But jobs report released on Friday shows that labor market remains positive for consumers and the economy. Manufacturing is only accounted about 10% of GDP and 9% of jobs created, a small segment but its signal value is high as its performance is closely correlated with the economy. Expected higher volatility in markets due to economic and geopolitical risks, and the coming US-China trade talks.
As seen from below weekly performance table for US sectors, technology(XLK) was the best and Energy(XLE) was the lagger, as growth worries push oil prices back to their lowest level since early Aug.
China/HK
Mainland China stock markets will resume trading on Oct 8, Tuesday after Gold Week holiday from Oct 1-7. U.S-China trade talks scheduled on Oct 10-11 should continue dominate headlines. U.S planned tariff hike on $250b in Chines goods from 25% to 30% will be effective on Oct 15, originally set for Oct 1 but Trump agreed to delay due to China's National Day holiday.
HSI is in 3rd week decline in a row, hit one-month low as growing anti-government protests hurting the financial center's economy hard. Technical support for HSI is around 24900-25000 level.
Singapore
STI also dropped 3rd week in a row to its one-month low, technical support will be at 3040-3068 level. Refer to below weekly charts.
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