SWS Daily Market Update - October 14, 2021

Investors concerns over inflation and a slowdown in growth eased. Thursday after earnings and economic data were better-than-anticipated. The major US stock indexes as well as all 11 sectors of the S&P 500 rose today as a result.

Third-quarter earnings are off to a good start with major banks Wells Fargo, Morgan Stanley, Citigroup and Bank of America reporting an increase in third-quarter profit. Investors will be carefully monitoring how increasing energy prices, supply disruptions and inflation as the earning season continues.

The initial jobless claims report showed a drop from 329,000 to 293,000 for the week ending October 9, the first time the number has dropped below 300,000 in 19 months.

The continuing jobless claims was reported 2.59 million, down from 2.73 million last month. This is also the lowest it has been since mid-March 2020.

The Producer Price Index for final demand rose 0.5% compared to an estimated 0.6% and down from a 0.7% increase last month.


The SP 500 is up by 1.71% to close at 4438.26. The index is up 0.87% over five days, down 0.79% over one month, up 1.79% over three months and up 27.41% over one year.

The trailing P/E is 30.72 compared to 37.86 one year ago and estimated future P/E 21.52. Dividend yield is currently 1.36 compared with 1.75 one year ago.

Leading stocks were WBA up 7.43%, APA up 6.54%, CARR up 4.49%, BAC up 4.47% and RE up 4.39%.

Trailing stocks were USB down 2.25%, BA down 1.96%, WFC down 1.61%, HWN down 1.17% and DISCK down 1.38%.

The Dow Jones industrial Average is up by 1.56% to close at 34912.56. The DOW is up 0.45% over five days, up 0.46% over one month, down 0.21% over three months and up 22.53% over one year.

The trailing P/E is 23.35 compared with 27.07 year ago and an estimated future P/E of 18.88. The current dividend yield is 1.86% compared with 2.16 one year ago.

Leading stocks were WBA up 7.43%, UNH up 4.17%, DOW up 3.22%, INTL up 3.14% and CAT up 2.85%.

Trailing stocks were BA down 1.96%, MRK down 0.79%, TRV up 0.19%, NKE down 0.54%, and JNJ up 0.57%.

The NASDAQ composite is up by 1.73% and closed at 14823.43. NASDAQ is up 1.16% over five days, down 2.36% over one month, up 1.93% over 3 months and up 26.55% over one year.

Leading stocks were GRVI up 39.32%, NRXP up 26.17%, BWEN up 25.82%, BBIG up 22.76% and DRIO up 20.18%.

Trailing stocks were TLGT down 39.56%, TIGR down 21.19%, WTRH down 18.90%, VTSI down 18.62%, and PLXP down 16.73%.

The MidCap SP400 is up by 1.71% to close at 2746.40. The SP400 is up 1.52% for the past 5 days, up 1.82% for the past month, up 3.69% for the past 3 months and up 37.13% over the past year.

Leading stocks were SWX up 7.04%, GO up 6.86% and RGEN up 6.15%.

Trailing stocks were THO down 8.47%, GEF down 5.24% and CMC down 4.68%

The SmallCap SP600 is up by 1.23% to close at 1370.25. The SP600 is up 0.26% for the past 5 days, up 3.07% for the past month, up 4.10% for the past 3 months and up 47.41% over the past year.

Leading stocks were NBRWF up 11.22%, POLY up 8.32% and ZYXI up 6.75%.

Trailing stocks were AMN down 12.17%, CCRN down 8.99% and WGO down 6.63%.

The CBOE VIX is down 9.55% and closed at 16.86. The VIX is down 13.72% over five days, down 9.79% over one month, down 0.88% over three months and down 37.49% over one year.

On the New York stock exchange 2554 stocks advanced and 760 declined, while on Nasdaq 2960 advanced and 1503 declined.

There were 156 new 52 week highs and 23 new 52 week lows on NYSE with 107 new highs and 53 new lows on NASDAQ.

The 2 year Treasury note yield is 0.362% and 10 year is 1.516%. The 10 year yield is down 6.1% over five days, up 18.1% over one month, up 21.7% three months ago, and up 77.9% one year ago.

SP500 Sector Performance % change

Materials +2.48

Information Technology +2.28

Industrials +1.89

Communication Services +1.72

Financials +1.71

Health Care +1.43

Real Estate +1.39

Energy +1.23

Utilities +1.20

Consumer Staples +1.13

Consumer Discretionary +0.99

Materials is up 2.79% over five days, up 1.42% over one month, up 1.91% over three months and up 27.31% over one year.

Consumer Discretionary has been up 1.29% over five days, up 0.11% over one month, up 1.58% over three months and up 16.26% over one year.

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