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SWS Daily Market Update - January 19, 2022


The Nasdaq Composite dropped 1.15% on Wednesday closing at 14340.26. This is 10.7% lower than its record high close in November and is now considered a correction for the benchmark index. “A decline of greater than 10% is considered a correction,” as explained by the Wall Street Journal. The S&P 500 fell 0.97% to 4532.76 and the Dow Jones Industrial Average ticked down 0.96% to 35028.65.


Economic Reports

Building permits (SAAR) for December went up from 1.72 million to 1.87 million.

Housing starts (SAAR) also reported a slight increase in December going from 1.68 million to 1.70 million.


Markets

The SP 500 is down by 0.97% to close at 4532.76. The index is down 4.10% over five days, down 3.49% over one month, down 0.08% over three months and up 17.68% 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 TTWO up 6.05%, NEM up 6.04%, CTXS up 3.66%, PG up 3.36% and SEE up 3.33%.

Trailing stocks were F down 7.92%, USB down 7.75%, STT down 7.06%, MRNA down 6.72% and down AMAT 6.10%.


The Dow Jones industrial Average went down by 0.96% to close at 35028.65. The DOW is down 3.48% over five days, up 2.03% over one month, up 1.63% over three months and up 12.31% over one year.

The trailing P/E is 21.51 compared with 29.54 year ago and an estimated future P/E of 18.59. The current dividend yield is 1.97% compared with 1.93 one year ago.

Leading stocks were PG up 3.36%, WMT up 1.00%, UNH up 0.33%, MSFT up 0.22% and KO up 0.16%.

Trailing stocks were BA down 3.52%, CAT down 3.10%, AXP at 2.88%, TRV down 2.14%, and AAPL down 2.10%.


The NASDAQ composite is down 1.15% and closed at 14340.26. NASDAQ is down 5.58% over five days, down 7.61% over one month, down 5.17% over 3 months and up 6.56% over one year.

Leading stocks were ZGNX up 65.73%, GMVD up 45.37%, VALN up 45.01%, RDGL up 41.10% and PIXY up 31.50%.

Trailing stocks were CRDF down 25.90%, OCX down 24.20%, PTPI down 21.12%, OESX down 17.04%, and ECOR down 16.27%.


The MidCap SP400 is down by 1.36% to close at 2687.06. The SP400 is down 3.99% for the past 5 days, down 3.22% for the past month, down 3.49% for the past 3 months and up 8.83% over the past year.

Leading stocks were TNDM up 6.54%, RGLD up 5.71% and TGNA up 5.27%.

Trailing stocks were CRNC down 9.83%, SLM down 6.57% and NAVI down 6.33%


The SmallCap SP600 is down by 1.74% to close at 1328.24. The SP600 is down 3.88% for the past 5 days, down 3.68% for the past month, down 3.63% for the past 3 months and up 8.00% over the past year.

Leading stocks were NBRWF up 6.25%, BCC up 3.97% and CYH up 3.93%.

Trailing stocks were CPS down 9.25%, CCRN down 9.22% and UNFI down 9.07%.


The CBOE VIX is down by 4.65% and closed at 23.85. The VIX is up 35.36% over five days, up 28.02% over one month, up 53.97% over three months and down 10.52% over one year.


On the New York stock exchange 1063 stocks advanced and 2318 declined, while on Nasdaq 1537 advanced and 3196 declined.

There were 50 new 52 week highs and 312 new 52 week lows on NYSE with 38 new highs and 772 new lows on NASDAQ.


The 2 year Treasury note yield is 1.055% and 10 year is 1.869%. The 10-year yield is up 16.6% over five days, up 37.4% over one month, up 16.7% three months ago, and up 75.6% one year ago.


SP500 Sector Performance % Change:

Consumer Staples +0.68

Utilities +0.46

Communication Services -0.19

Materials -0.21

Health Care -0.44

Energy -0.66

Industrials -1.10

Real Estate -1.21

Information Technology -1.37

Financials -1.65

Consumer Discretionary -1.81


Consumer Staples has been down 0.41% over five days, up 1.79% over one month, up 8.34% over three months and up 18.27% over one year.


Consumer Discretionary has been down 6.11% over five days, down 6.03% over one month, down 1.68% over three months and up 9.07% over one year.



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