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SWS Daily Market Update - November 4, 2021


A sixth consecutive record-setting close for S&P 500 and the tech-heavy Nasdaq Composite. The S&P 500 climbed 0.42% to 4680.06 and the Nasdaq rose 0.81 to close at 15940.13. The Dow Jones Industrial Average dropped for the first time in five days by 0.09% to 36124.33. This was still the Dow’s second-highest close in history.


Initial jobless claims (regular state program) ending the week of October 30, fell from 283,000 to 269,000 claims. This figure is less than the 275K that was forecasted by economists.


Continuing jobless claims (regular state program) for the week ending October 23 came in lower at 2.11 million in comparison to the previous rate of 2.24 million.


International trade deficit for September was reported at -$80.9 billion, an increase from the last reported amount of -$72.8 billion.


Productivity (SAAR) for the third quarter dropped 5.0% in comparison with the predicted drop of 3.2% and compared with the previous quarters gain of 2.4%.


Unit labor costs (SAAR) for the third quarter reported an increase of 8.3%, much higher than the second quarters rate of 1.1%.


Markets

The SP 500 is up by 0.42% to close at 4680.06. The index is up 1.82% over five days, up 6.37% over one month, up 5.67% over three months and up 33.32% over one year.

The trailing P/E is 29.27 compared to 37.25 one year ago and estimated future P/E 22.37. Dividend yield is currently 1.31 compared with 1.79 one year ago.

Leading stocks were up ETSY 13.21%, QCOM up 12.73%, LUMN up 12.64%, NVDA up 12.04% and PH up 7.09%.

Trailing stocks were PENN down 21.08%, MRNA down 17.89%, DISH down 13.95%, QRVO down 13.28% and NRG down 11.10%.


The Dow Jones industrial Average is down by 0.09% to close at 36124.23. The DOW is up 1.10% over five days, up 3.94% over one month, up 3.02% over three months and up 27.24% over one year.

The trailing P/E is 22.52 compared with 28.22 year ago and an estimated future P/E of 18.80. The current dividend yield is 1.77% compared with 2.17 one year ago.

Leading stocks were MRK up 2.10%, NKE up 1.70%, CRM up 1.70%, MCD up 1.22% and HD up 0.87%.

Trailing stocks were DOW down 3.18%, GS down 2.35%, TRV down 2.34%, VZ down 2.06%, and AMGN down 1.47%.


The NASDAQ composite is up 0.81% and closed at 15940.31. NASDAQ is up 3.19% over five days, up 8.78% over one month, up 7.02% over 3 months and up 34.05% over one year.

Leading stocks were EVAX up 95.08%, PETZ up 79.75%, SAVA up 48.96%, RDBX up 45.06% and ADTX up 36.41%.

Trailing stocks were VMEO down 30.07%, RMNI down 29.47%, QRTEA down 27.39%, IMMR down 24.22%, and UPLD down 23.05%.


The MidCap SP400 is down by 0.33% to close at 2880.07. The SP400 is up 3.10% for the past 5 days, up 6.46% for the past month, up 6.43% for the past 3 months and up 41.38% over the past year.

Leading stocks were BLKB up 14.46%, PZZA up 13.58% and QLYS up 9.47%.

Trailing stocks were CAR down 8.71%, MDU down 8.49% and TNDM down 6.29%


The SmallCap SP600 is down by 0.21% to close at 1434.95. The SP600 is up 4.08% for the past 5 days, up 4.99% for the past month, up 7.05% for the past 3 months and up 53.48% over the past year.

Leading stocks were CCRN up 20.05%, QNST up 15.03% and PRFT up 13.33%.

Trailing stocks were CPS down 20.36%, RCII down 18.40% and NEO down 17.58%.


The CBOE VIX is up 2.25% and closed at 15.44. The VIX is down 6.59% over five days, down 20.98% over one month, down 10.65% over three months and down 44.02% over one year.


On the New York stock exchange 1472 stocks advanced and 1831 declined, while on Nasdaq 2060 advanced and 2548 declined.

There were 255 new 52 week highs and 29 new 52 week lows on NYSE with 366 new highs and 42 new lows on NASDAQ.

The 2 year Treasury note yield is 0.418% and 10 year is 1.529%. The 10 year yield is down 3.1% over five days, up 8.4% over one month, up 22.6% three months ago, and up 71.4% one year ago.


SP500 Sector Performance % change

Consumer Discretionary +1.84

Information Technology +1.54

Consumer Discretionary +1.49

Industrials +0.42

Communication Services +0.38

Consumer Staples +0.21

Energy +0.19

Materials -0.11

Utilities -0.57

Health Care -0.76

Real Estate -1.14

Financials -1.34

Information Technology is up 3.34% over five days, up 8.97% over one month, up 7.24% over three months and up 36.96% over one year.

Financials has been down 1.13% over five days, up 2.88% over one month, up 7.83% over three months and up 59.16% over one year.


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