The Week

RAM.US fell 7.22% for the week to close at $12.20, while the S&P 500 added 0.49%, leaving the ETF about 7.71 percentage points behind the benchmark. The week’s amplitude was 17.53%, with a pullback after an early rally: on Monday the ETF slid to a low of $11.05 before closing at $11.57; Tuesday and Wednesday saw recoveries to $12.40 and $12.43 respectively; Thursday marked the week’s high at $13.182 before fading to close at $12.63; Friday dipped again to end at $12.20. There were no major catalysts during the week, with price swinging between $11.05 and $13.182. Daily average volume came in at 11.85 million shares, about 23.6% below the median.

The Week Ahead

Next week brings a batch of US manufacturing and employment data. Monday features the Dallas Fed manufacturing business activity index, with a prior reading of 1.3. Tuesday brings the S&P Global manufacturing PMI final, the ISM manufacturing PMI and JOLTS job openings; the ISM PMI stood at 55.6 previously with a forecast of 55.2, while JOLTS openings came in at 7.359 million with a forecast of 7.3 million. Wednesday sees ADP private payrolls, factory orders, and EIA weekly crude inventories including Cushing. These figures will offer a read on US factory activity and the labour market, serving as important reference points for sentiment around DRAM-linked products.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.