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SWS Daily Market Update - February 10, 2022


Reports on Thursday showed that inflation climbed to an annual rate of 7.5% in January, the highest level it has been in four decades and US stocks dropped as a result. Additionally, the 10-year US treasury note surpassed 2% for the first time since 2019. The Dow Jones Industrial Average fell 1.47% to 35241.59. The S&P 500 dropped 1.81% to 4504.08 and the Nasdaq Composite declined by 2.10% to 14185.64. All 11 sectors of the S&P 500 fell on Thursday as well.

Economic Reports

Initial jobless claims for the week ending Feb. 5 dropped from 239,000 to 223,000. Continuing jobless claims for the week ending Jan. 29 remained at 1.62 million.


Core CPI for January (month-to-month) increased in January to 0.6%.


Consumer Price Index (year-to-year) saw an increase from 7.0% to 7.5% in January. That is the highest annual rate of inflation in four decades.


Core CPI (year-to-year) for January went up from 5.5% to 6.0%.


Markets

The SP 500 is down by 1.81% to close at 4504.08. The index is up 0.59% over five days, down 3.33% over one month, down 3.12% over three months and up 15.01% over one year.

The trailing P/E is 25.37 compared to 43.92 one year ago and estimated future P/E 20.05. Dividend yield is currently 1.38 compared with 1.50 one year ago.

Leading stocks were DIS up 3.35%, MU up 3.29%, K up 3.11%, IFF up 2.87% and O’Reilly Automotive up 2.85%.

Trailing stocks were LUMN down 15.52%, IPG down 8.77%, ZBRA down 7.78%, MSI down 6.98% and PHM down 5.64%.


The Dow Jones industrial Average went down 1.47% to close at 35241.59. The DOW is up 0.37% over five days, down 2.41% over one month, down 1.89% over three months and up 12.12% over one year.

The trailing P/E is 19.83 compared with 31.46 year ago and an estimated future P/E of 18.68. The current dividend yield is 1.93% compared with 1.92 one year ago.

Leading stocks were DIS up 3.35%, MU up 3.29%, K up 3.11%, IFF up 2.87% and O’Reilly Automotive up 2.85%.

Trailing stocks were AMGN down 3.53%, MSFT down 2.84%, HD down 2.55%, CSCO down 2.52% and HON down 2.48%.


The NASDAQ composite is down 2.10% and closed at 14185.64. NASDAQ is up 2.21% over five days, down 4.20% over one month, down 9.67% over 3 months and up 1.14% over one year.

Leading stocks were AREB up 42.79%, DRMA up 32.71%, BRC Inc up 30.22%, HUSN up 25.00% and VCNX down 24.36%.

Trailing stocks were TWOU down 47.86%, QMCO down 38.99%, ASPU down 38.00%, ADGI down 31.85%, and EMKR down 30.90%.


The MidCap SP400 went down by 1.46% to close at 2681.78. The SP400 is up 2.40% for the past 5 days, down 3.94% for the past month, down 7.31% for the past 3 months and up 5.78% over the past year.

Leading stocks were MAT up 7.65%, NVST up 7.04% and SMG up 4.75%.

Trailing stocks were TREX down 7.75%, CHX down 7.11% and FAF down 6.77%


The SmallCap SP600 is down by 1.39% to close at 1304.02. The SP600 is up 1.60% for the past 5 days, down 5.64% for the past month, down 10.50% for the past 3 months and up 0.63% over the past year.

Leading stocks were INVA up 13.71%, PAHC up 7.02% and MCRI up 6.49%.

Trailing stocks were TTMI down 18.00%, IRBT down 14.26% and TTGT down 13.09%.


The CBOE VIX is up by 19.79% and closed at 23.91. The VIX is down 1.81% over five days, up 17.73% over one month, up 35.39% over three months and down 12.52% over one year.


On the New York stock exchange 858 stocks advanced and 2527 declined, while on Nasdaq 1460 advanced and 3264 declined.

There were 87 new 52 week highs and 349 new 52 week lows on NYSE with 60 new highs and 270 new lows on NASDAQ.


The 2 year Treasury note yield is 1.587% and 10 year is 2.033%. The 10-year yield is up 12.0% over five days, up 24.1% over one month, up 46.7% three months ago, and up 82.3% one year ago.


SP500 Sector Performance % Change:

Materials -0.57

Energy -0.68

Financials -0.85

Consumer Staples -1.03

Communication Services -1.41

Health Care -1.57

Industrials -1.65

Consumer Discretionary -1.78

Utilities -2.61

Information Technology -2.75

Real Estate -2.86


Materials has been up 0.94% over five days, down 4.70% over one month, down 4.50% over three months and up 15.95% over one year.


Real Estate has been down 2.68% over five days, down 5.79% over one month, down 4.14% over three months and up 20.69% over one year.



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