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SWS Daily Market Update - November 26, 2021


A rough day for the markets after news broke about a new COVID variant, called B.1.1.529, identified by scientists in South Africa. Investors are concerned about the impact this new variant will have on travel restrictions and the global economic recovery from the pandemic. Several countries have already imposed restrictions on traveling to and from South Africa.


All three of the major U.S. stock indexes experienced their worst Black Friday session on record. The Dow Jones Industrial Average went down 2.53% to close at 34899.34. This is the biggest one-day percentage drop that the Dow has had since October 2020. The S&P 500 fell 2.27% to close at 4594.62 and the Nasdaq dropped 2.23% to close at 15491.66.


The yield on the 10-year U.S. Treasury note dropped from Wednesday’s close of 1.644% to 1.484% on Friday. This is the largest drop for the 10-year U.S. Treasury note since March 2020.


Markets

The SP 500 is down by 2.27% to close at 4594.62. The index is down 2.34% over five days, up 0.04% over one month, up 2.79% over three months and up 26.59% over one year.

The trailing P/E is 28.81 compared to 41.34 one year ago and estimated future P/E 22.45. Dividend yield is currently 1.28 compared with 1.65 one year ago.

Leading stocks were MRNA up 20.57%, PFE up 6.11%, CLX up 3.65%, DGX up 3.63% and PKI up 3.47%.

Trailing stocks were RCL down 13.22%, NCLH down 11.36%, CCL down 10.96%, UAL down 9.57% and EXPE down 9.48%.


The Dow Jones industrial Average is down by 2.53% to close at 34899.34. The DOW is down 2.71% over five days, down 2.33% over one month, up 0.89% over three months and up 16.83% over one year.

The trailing P/E is 21.66 compared with 29.69 year ago and an estimated future P/E of 18.45. The current dividend yield is 1.95% compared with 2.03 one year ago.

Leading stocks were VZ up 0.27%, JNJ down 0.65%, IBM down 0.79%, PG down 0.80% and WMT down 1.12%.

Trailing stocks were AXP down 8.62%, BA down 5.41%, CAT down 4.03%, MRK down 3.79%, and TRV down 3.34%.


The NASDAQ composite is down 2.23% and closed at 15491.66. NASDAQ is down 3.14% over five days, up 0.28% over one month, up 3.65% over 3 months and up 28.09% over one year.

Leading stocks were ISPC up 71.67%, AHPI up 54.65%, BFRI up 51.34%, NRXP up 50.00% and ADGI up 34.12%.

Trailing stocks were LGVN down 27.49%, JWEL down 19.00%, SOPA down 16.78%, PDD down 15.86%, and AIRS down 14.05%.


The MidCap SP400 is down by 3.16% to close at 2779.41. The SP400 is down 3.61% for the past 5 days, down 0.50% for the past month, up 2.31% for the past 3 months and up 26.25% over the past year.

Leading stocks were QDEL up 9.99%, RGEN up 5.29% and KAR up 3.55%.

Trailing stocks were SABR down 12.74%, MUR down 10.42% and HXL down 10.28%


The SmallCap SP600 is down by 3.72% to close at 1376.33. The SP600 is down 4.37% for the past 5 days, up 0.17% for the past month, up 3.03% for the past 3 months and up 29.84% over the past year.

Leading stocks were FLGT up 9.01%, ENTA up 5.59% and OMI up 3.72%.

Trailing stocks were CPE down 16.61%, LPI down 15.50% and SM down 13.84%.


The CBOE VIX is up 54.04% and closed at 28.62. The VIX is up 62.71% over five days, up 73.14% over one month, up 51.91% over three months and down 34.68% over one year.


On the New York stock exchange 469 stocks advanced and 2857 declined, while on Nasdaq 913 advanced and 3615 declined.

There were 20 new 52 week highs and 202 new 52 week lows on NYSE with 34 new highs and 347 new lows on NASDAQ.


The 2 year Treasury note yield is 0.504% and 10 year is 1.484%. The 10-year yield is down 7.0% over five days, up 8.1% over one month, up 16.5% three months ago, and up 63.4% one year ago.


SP500 Sector Performance % change

Health Care -0.45

Consumer Staples -1.40

Utilities -1.61

Materials -1.77

Communication Services -1.86

Information Technology -2.60

Consumer Discretionary -2.64

Real Estate -2.69

Industrials -2.73

Financials -3.27

Energy -4.04

Health Care is down 1.50% over five days, down 0.67% over one month, down 2.19% over three months and up 21.71% over one year.

Energy has been down 2.31% over five days, down 4.64% over one month, up at 16.39% over three months and up 42.59% over one year.


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