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SWS Daily Market Update - January 21, 2022


The major U.S. stock indexes closed lower for the third week in a row. In fact, both the Nasdaq Composite and the S&P 500 experienced their worst week since the beginning of the pandemic in March 2020. The Nasdaq dropped 2.72% on Friday closing at 13768.92 and down 7.55% for the week. The S&P 500 fell 1.89% to close at 4397.94 on Friday and was down 5.7% for the week. The Dow Jones Industrial Average dropped 1.30% to close at 34265.37 and down 4.6% for the week.


Economic Reports

Leading economic indicators for December went up from 0.7% to 0.8%.


Markets

The SP 500 is down by 1.89% to close at 4397.94. The index is down 5.68% over five days, down 6.94% over one month, down 3.23% over three months and up 14.49% over one year.

The trailing P/E is 28.55 compared to 40.98 one year ago and estimated future P/E 21.10. Dividend yield is currently 1.30 compared with 1.56 one year ago.

Leading stocks were CF up 2.64%, VTR up 2.22%, VFC up 2.06%, BKR up 4.95% and KMX up 1.92%.

Trailing stocks were NFLX down 21.79%, SIVB down 10.21%, HBAN down 8.99%, ECL down 8.48% and down ISRG 7.93%.


The Dow Jones industrial Average went down by 1.30% to close at 34265.37. The DOW is down 4.58% over five days, down 4.69% over one month, down 3.96% over three months and up 10.54% over one year.

The trailing P/E is 21.13 compared with 29.53 year ago and an estimated future P/E of 18.59. The current dividend yield is 1.99% compared with 1.94 one year ago.

Leading stocks were MCD up 1.46%, PG up 0.38%, NKE up 0.15%, INTL remained at 0.00% and HD down 0.14%.

Trailing stocks were DIS down 6.94%, BA down 4.09%, V at 3.93%, CSCO down 2.41%, and CRM down 1.93%.


The NASDAQ composite is down 2.72% and closed at 13768.92. NASDAQ is down 7.55% over five days, down 12.04% over one month, down 8.76% over 3 months and up 1.67% over one year.

Leading stocks were BSFC up 100.00%, PT up 55.31%, CFVI up 31.31%, DAVE up 30.25% and SVFD up 27.76%.

Trailing stocks were OP down 52.50%, RETO down 28.10%, RENO down 24.70%, WAFU down 22.86%, and AMST down 22.14%.


The MidCap SP400 is down by 1.70% to close at 2594.49. The SP400 is down 6.76% for the past 5 days, down 7.20% for the past month, down 7.24% for the past 3 months and up 5.36% over the past year.

Leading stocks were GME up 3.59%, NBIX up 3.16% and TCBI up 2.37%.

Trailing stocks were SPWR down 16.96%, RUN down 9.88% and CLF down 9.68%


The SmallCap SP600 is down by 1.37% to close at 1282.27. The SP600 is down 7.64% for the past 5 days, down 7.58% for the past month, down 7.16% for the past 3 months and up 4.11% over the past year.

Leading stocks were FARO up 4.79%, INDB up 4.53% and CHS up 3.72%.

Trailing stocks were FLGT down 9.15%, TBK down 9.09% and DDD down 8.32%.


The CBOE VIX is down by 12.74% and closed at 28.85. The VIX is up 50.34% over five days, up 60.63% over one month, up 86.97% over three months and down 31.68% over one year.


On the New York stock exchange 680 stocks advanced and 2757 declined, while on Nasdaq 896 advanced and 4006 declined.

There were 8 new 52 week highs and 525 new 52 week lows on NYSE with 22 new highs and 1316 new lows on NASDAQ.


The 2 year Treasury note yield is 1.016% and 10 year is 1.767%. The 10-year yield is down 1.5% over five days, up 18.06% over one month, up 7.90% three months ago, and up 62.49% one year ago.


SP500 Sector Performance % Change:

Consumer Staples +0.02

Real Estate -0.04

Utilities -0.18

Industrials -0.97

Health Care -1.06

Information Technology -1.93

Energy -1.95

Financials -2.02

Materials -2.49

Consumer Discretionary -3.10

Communication Services -3.88


Consumer Staples has been down 1.52% over five days, up 0.88% over one month, up 6.92% over three months and up 18.26% over one year.


Communication Services has been down 7.05% over five days, down 9.79% over one month, down 9.79% over three months and up 7.55% over one year.



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