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SWS Daily Market Update - December 23, 2021


The U.S. stock indexes closed higher on Thursday in this shortened holiday trading week. The S&P 500 reached its 68th record close gaining 0.62% to 4725.79. The Nasdaq Composite went up 0.85% to 15653.37 and the Dow Jones Industrial Average gained 0.55% to 35950.56.


Initial jobless claims for the week ending December 18 remained unchanged from the week earlier at 205,000. Continuing jobless claims for the week ending December 11 dropped slightly from 1.87 million to 1.86 million.


Nominal personal income for November was 0.4%, in comparison to 0.5% previously. Nominal consumer spending for November dropped to 0.6% from 1.4%.


Core inflation (monthly) stayed flat at 0.5%, and year-over-year it increased to 4.7% in November.


Real disposable income for November was -0.2% and consumer spending for the month was flat at 0.0%.


PCE inflation (year-over-year) increased last month from 5.1% to 5.7%.


Durable goods orders jumped to 2.5%, up from 0.1% previously.


Core capital goods orders for November decreased to -0.1% from 1.4%.


New home sales went up to 744,000 in November. Economists predicted it to be 766,000 and it was 662,000 in October.


UMich consumer sentiment index for December was reported at 70.6, up from 70.4 previously.


The five-year inflation expectations for December are 2.9%, in comparison to 3.0% the previous month.


Markets

The SP 500 is up by 0.62% to close at 4725.79. The index is up 1.22% over five days, up 0.52% over one month, up 6.22% over three months and up 27.62% over one year.

The trailing P/E is 28.85 compared to 39.94 one year ago and estimated future P/E 22.75. Dividend yield is currently 1.30 compared with 1.61 one year ago.

Leading stocks were TSLA up 5.76%, VIAC up 4.80%, MU up 4.52%, LVS up 4.21% and CTXS up 3.77%.

Trailing stocks were CTRA down 1.82%, HOLX down 1.42%, PFE down 1.41%, KMX down 1.22% and down RMD 1.10%.


The Dow Jones industrial Average went up by 0.55% to close at 35950.56. The DOW is up 0.15% over five days, up 0.41% over one month, up 3.41% over three months and up 19.04% over one year.

The trailing P/E is 22.37 compared with 29.71 year ago and an estimated future P/E of 18.52. The current dividend yield is 1.92% compared with 2.00 one year ago.

Leading stocks were CAT up 2.00%, DOW up 1.68%, HON up 1.67%, MMM up 1.35% and BA up 1.25%.

Trailing stocks were V down 0.61%, MRK down 0.56%, WMT down 0.22%, VZ down 0.17%, and TRV up 0.03%.


The NASDAQ composite is up 0.85% and closed at 15653.37. NASDAQ is up 3.12% over five days, down 1.21% over one month, up 3.99% over 3 months and up 22.25% over one year.

Leading stocks were XXII up 38.64%, TOI up 38.46%, KTTA up 36.73%, ELYM up 31.02% and RTY up 26.20%.

Trailing stocks were INNV down 50.91%, JUPW down 24.89%, AVCT down 24.00%, LGVN down 18.89%, and QDEL down 17.35%.


The MidCap SP400 is up by 0.69% to close at 2795.82. The SP400 is up 2.35% for the past 5 days, down 2.59% for the past month, up 3.40% for the past 3 months and up 20.75% over the past year.

Leading stocks were MRCY up 10.27%, CRNC up 10.96% and SGMS up 8.96%.

Trailing stocks were QDEL down 17.35%, CROX down 11.63% and RGEN down 1.86%


The SmallCap SP600 is up by 0.61% to close at 1387.37. The SP600 is up 3.47% for the past 5 days, down 2.95% for the past month, up 2.97% for the past 3 months and up 23.71% over the past year.

Leading stocks were GCI up 6.65%, TWI up 6.46% and FRGI up 5.84%.

Trailing stocks were EXPO down 5.05%, FLGT down 3.79% and HLX down 3.43%.


The CBOE VIX is down 3.60% and closed at 17.96. The VIX is down 12.69% over five days, down 3.34% over one month, down 3.60% over three months and down 16.58% over one year.


On the New York stock exchange 2289 stocks advanced and 1071 declined, while on Nasdaq 3232 advanced and 1448 declined.

There were 102 new 52 week highs and 28 new 52 week lows on NYSE with 80 new highs and 122 new lows on NASDAQ.


The 2 year Treasury note yield is 0.691% and 10 year is 1.495%. The 10-year yield is up 8.8% over five days, up 1.6% over one month, up 4.1% three months ago, and up 56.2% one year ago.


SP500 Sector Performance % Change:

Consumer Discretionary +1.24

Industrials +1.16

Materials +1.01

Communication Services +0.69

Information Technology +0.56

Financials +0.55

Health Care +0.41

Consumer Staples +0.19

Energy +0.10

Utilities -0.03

Real Estate -0.36

Consumer Discretionary has been up 3.31% over five days, down 3.17% over one month, up 9.14% over three months and up 25.59% over one year

Real Estate up 0.20% over five days, up 2.15% over one month, up 7.66% over three months and up 39.87% over one year.

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