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SWS Daily Market Update - January 13, 2022


After a drop in technology stocks on Thursday, the Nasdaq Composite dropped 2.51% closing at 14806.81, its lowest close since October 2021. The S&P 500 ticked down 1.42% to 4659.03 and the Dow Jones Industrial Average lost 0.49% to close at 36113.62.


Economic Reports

Initial jobless claims climbed to 230,000 for the week ending January 8. This was much higher than economists had predicted it would be at 200,000 and a big increase from the 207,000 that it was the week before. Continuing jobless claims for the week ending January 1, 2022 fell from 1.75 million to 1.60 million.


The producer price index for December was 0.2%, in comparison to 0.8% previously and 0.4% expected by economists.


Markets

The SP 500 is down by 1.42% to close at 4659.03. The index is down 0.79% over five days, down 0.21% over one month, up 4.97% over three months and up 22.75% 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 BIIB up 5.03%, KR up 5.03%, AAL up 4.54%, BWA up 4.31% and NCLH up 4.14%.

Trailing stocks were NOW down 9.31%, LUMN down 7.60%, TECH down 7.16%, DXCM down 7.06% and down TSLA 6.75%.


The Dow Jones industrial Average went down by 0.49% to close at 36113.62. The DOW is down 0.34% over five days, up 0.60% over one month, up 3.44% over three months and up 16.53% over one year.

The trailing P/E is 22.14 compared with 30.82 year ago and an estimated future P/E of 18.71. The current dividend yield is 1.90% compared with 1.94 one year ago.

Leading stocks were BA up 2.91%, CAT up 2.07%, WMT up 1.46%, DOW up 1.16% and MMM up 0.93%.

Trailing stocks were MSFT down 4.23%, CRM down 3.83%, AAPL at 1.90%, NKE down 1.73%, and INTL down 1.44%.


The NASDAQ composite is down 2.51% and closed at 14806.81. NASDAQ is down 1.82% over five days, down 2.46% over one month, up 0.11% over 3 months and up 12.92% over one year.

Leading stocks were SGLY up 25.88%, MDVL up 24.41%, BBIG up 22.57%, DAVE up 19.04% and GMVD up 18.52%.

Trailing stocks were VYNE down 21.45%, Revelation Biosciences down 18.62%, KYMR down 15.90%, PIK down 15.62%, and NXGL down 15.55%.


The MidCap SP400 is down by 0.25% to close at 2791.76. The SP400 is down 0.82% for the past 5 days, up 2.21% for the past month, up 1.65% for the past 3 months and up 14.02% over the past year.

Leading stocks were KBH up 16.38%, VC up 5.89% and TMHC up 4.50%.

Trailing stocks were RGEN down 9.25%, SITM down 8.17% and MASI down 7.15%


The SmallCap SP600 is up by 0.01% to close at 1382.02. The SP600 is down 1.29% for the past 5 days, up 3.07% for the past month, up 0.86% for the past 3 months and up 12.11% over the past year.

Leading stocks were NBRWF up 22.86%, BBBY up 9.19% and SSP up 7.26%.

Trailing stocks were EBIX down 14.39%, EZPW down 12.76% and ENTA down 10.70%.


The CBOE VIX is up by 14.64% and closed at 20.20. The VIX is up 2.96% over five days, down 1.85% over one month, up 19.99% over three months and down 12.99% over one year.


On the New York stock exchange 1585 stocks advanced and 1781 declined, while on Nasdaq 1443 advanced and 3224 declined.

There were 137 new 52 week highs and 103 new 52 week lows on NYSE with 113 new highs and 431 new lows on NASDAQ.


The 2 year Treasury note yield is 0.891% and 10 year is 1.695%. The 10-year yield is down 2.9% over five days, up 27.8% over one month, up 17.9% three months ago, and up 56.7% one year ago.


SP500 Sector Performance % Change:

Utilities +0.45

Consumer Staples +0.22

Industrials +0.18

Real Estate -0.34

Financials -0.41

Energy -0.60

Materials -0.81

Communication Services -1.40

Health Care -1.63

Consumer Discretionary -2.08

Information Technology -2.65


Utilities has been down 0.01% over five days, down 1.06% over one month, up 6.15% over three months and up 11.93% over one year.


Information Technology has been down 1.94% over five days, down 2.68% over one month, up 6.19% over three months and up 27.47% over one year.



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