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SWS Daily Market Update - January 11, 2022


Overview

Federal Reserve chairman, Jerome Powell, had his confirmation hearing for a second term on Tuesday. During the questioning period, Powell said that he is “prepared to raise interest rates but hoped that supply-chain snags would straighten out,” as reported by the Wall Street Journal. The U.S. stock indexes experienced gains as a result, ending a losing streak for the S&P 500 and the Dow Jones Industrial Average.


The S&P 500 went up by 0.92% to 4713.04. The Dow Jones Industrial Average gained 0.51% to 36252.02 and the Nasdaq Composite climbed 1.41% to 15153.45.


Economic Reports

NFIB small-business index went up from 98.4 to 98.9 in December. Economists had forecasted it to be 98.7.


Markets

The SP 500 is up by 0.92% to close at 4713.04. The index is down 1.68% over five days, up 1.70% over one month, up 8.33% over three months and up 23.99% over one year.

The trailing P/E is 28.76 compared to 41.17 one year ago and estimated future P/E 21.25. Dividend yield is currently 1.29 compared with 1.57 one year ago.

Leading stocks were ILMN up 16.98%, APA up 8.77%, OXY up 7.16%, CRL up 7.12% and LVS up 6.62%.

Trailing stocks were MRNA down 5.27%, DPZ down 3.26%, DG down 3.26%, APTV down 3.26% and down PKI 2.89%.


The Dow Jones industrial Average went up by 0.51% to close at 36252.02. The DOW is down 1.49% over five days, up 1.99% over one month, up 5.45% over three months and up 16.68% over one year.

The trailing P/E is 22.12 compared with 30.83 year ago and an estimated future P/E of 18.71. The current dividend yield is 1.91% compared with 1.94 one year ago.

Leading stocks were BA up 3.19%, CRM up 2.32%, CVX up 2.29%, AAPL up 1.68% and DOW up 1.34%.

Trailing stocks were IBM down 1.62%, PG down 1.16%, JNJ at 1.08%, MRK down 0.85%, and MCD down 0.84%.


The NASDAQ composite is up 1.41% and closed at 15153.45. NASDAQ is down 3.00% over five days, down 0.55% over one month, up 4.75% over 3 months and up 15.92% over one year.

Leading stocks were NTRB up 34.93%, VORB up 31.30%, TSRI up 28.75%, ACCD up 27.69% and PIK up 27.37%.

Trailing stocks were HUDI down 24.09%, HGSH down 20.36%, BBLG down 20.04%, MCMJ down 16.02%, and TBPH down 12.88%.


The MidCap SP400 is up by 0.89% to close at 2807.04. The SP400 is down 2.04% for the past 5 days, up 2.52% for the past month, up 4.29% for the past 3 months and up 14.63% over the past year.

Leading stocks were MUR up 5.94%, PEN up 5.82% and CRNC up 5.60%.

Trailing stocks were SFM down 6.78%, PZZA down 3.60% and BJ down 2.87%


The SmallCap SP600 is up by 0.67% to close at 1388.26. The SP600 is down 2.66% for the past 5 days, up 3.13% for the past month, up 2.51% for the past 3 months and up 14.22% over the past year.

Leading stocks were NBRWF up 26.21%, SHAK up 13.20% and GKOS up 10.78%.

Trailing stocks were PATK down 5.64%, SLP down 5.04% and FRGI down 4.52%.


The CBOE VIX is down by 5.10% and closed at 18.41. The VIX is up 8.87% over five days, down 15.90% over one month, down 7.25% over three months and down 21.09% over one year.


On the New York stock exchange 2461 stocks advanced and 892 declined, while on Nasdaq 3208 advanced and 1440 declined.

There were 96 new 52 week highs and 57 new 52 week lows on NYSE with 45 new highs and 172 new lows on NASDAQ.


The 2 year Treasury note yield is 0.895% and 10 year is 1.740%. The 10-year yield is up 3.4% over five days, up 28.3over one month, up 20.1% three months ago, and up 65.3% one year ago.


SP500 Sector Performance % Change:

Energy +3.41

Information Technology +1.21

Materials +1.11

Consumer Discretionary +1.03

Communication Services +1.02

Financials +0.84

Health Care +0.76

Industrials +0.63

Consumer Staples -0.14

Real Estate -0.16

Utilities -0.92

Energy has been up 10.65% over five days, up 15.18% over one month, up 12.75% over three months and up 51.71% over one year

Utilities has been down 2.22% over five days, down 0.35% over one month, up 8.49% over three months and up 12.18% over one year.



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