SWS Daily Market Update - October 18, 2021
The markets were mixed Monday with the S&P 500 rising 0.34% to 4486.46 as well as the Nasdaq Composite rising 0.8% to 15021.81, however the Dow Jones Industrial Average dropped 0.1% to finish at 35258.61. As reported by the Wall Street Journal the “U.S. stock market has been on a bumpy ride for the past month and a half, dogged by concerns about inflation and slowing growth. Signs of slowing economic growth in the U.S. and abroad also have added to concerns.”
Industrial production report for September showed a drop of 1.3% compared to August’s data. The Industrial production report measures mining, factory, and utility output. This is the largest drop for Industrial production since February 2021. Economists had estimated a 0.2% gain for the September instead.
The Federal Reserve release data for Capacity utilization in September, it reached 75.2, compared with an estimated 76.5% and 76.2% the previous month.
The SP 500 is up by 0.34% to close at 4486.46. The index is up 2.87% over five days, up 2.95% over one month, up 5.35% over three months and up 30.92% over one year.
The trailing P/E is 30.49 compared to 38.21 one year ago and estimated future P/E 21.87. Dividend yield is currently 1.32 compared with 1.72 one year ago.
Leading stocks were GPS up 4.97%, CDW up 4.79%, GNRC up 4.08%, ENPH up 4.08% and OXY up 4.07%.
Trailing stocks were MDT down 5.48%, NTAP down 4.32%, BIIB down 4.08%, DIS down 3.00% and XRAY down 2.64%.
The Dow Jones industrial Average is down by 0.10% to close at 35258.61. The DOW is down 2.21% over five days, up 3.79% over one month, up 3.82% over three months and up 25.05% over one year.
The trailing P/E is 23.14 compared with 26.78 year ago and an estimated future P/E of 19.07. The current dividend yield is 1.81% compared with 2.18 one year ago.
Leading stocks were GS up 1.80%, HD up 1.38%, AAPL up 1.18%, MSFT up 1.01% and WMT up 0.86%.
Trailing stocks were DIS down 3.02%, AMGN down 2.26%, TRV down 1.75%, IBM down 1.59%, and MRK down 1.49%.
The NASDAQ composite is up by 0.84% and closed at 15021.81. NASDAQ is up 3.70% over five days, down 2.09% over one month, up 5.23% over 3 months and up 30.86% over one year.
Leading stocks were VALN up 39.79%, PROG up 39.72%, MGTX up 29.97%, EVOL up 24.11% and VS up 21.54%.
Trailing stocks were RVNC down 39.19%, OMER down 26.65%, NXTD down 20.88%, JSPR down 18.70%, and MNKD down 18.27%.
The MidCap SP400 is up by 0.26% to close at 2755.51. The SP400 is up 2.97% for the past 5 days, up 4.55% for the past month, up 7.18% for the past 3 months and up 39.60% over the past year.
Leading stocks were JWN up 5.45%, CAR up 4.83% and RH up 4.66%.
Trailing stocks were NKTR down 5.72%, ADNT down 5.07% and HAE down 3.98%
The SmallCap SP600 is up by 0.28% to close at 1367.74. The SP600 is up 1.35% for the past 5 days, up 4.77% for the past month, up 7.44% for the past 3 months and up 49.79% over the past year.
Leading stocks were M up 16.72%, NBRWF up 11.03% and CEIX up 9.25%.
Trailing stocks were BOOM down 8.57%, QURE down 5.82% and CMTL down 5.56%.
The CBOE VIX is up 0.43% and closed at 16.37. The VIX is down 18.15% over five days, down 36.33% over one month, down 27.24% over three months and down 43.90% over one year.
On the New York stock exchange 1598 stocks advanced and 1699 declined, while on Nasdaq 1997 advanced and 2478 declined.
There were 141 new 52 week highs and 47 new 52 week lows on NYSE with 94 new highs and 137 new lows on NASDAQ.
The 2 year Treasury note yield is 0.403% and 10 year is 1.576%. The 10 year yield is up 0.2% over five days, up 25.2% over one month, up 35.3% three months ago, and up 78.8% one year ago.
SP500 Sector Performance % change
Consumer Discretionary +1.20
Information Technology +0.85
Communication Services +0.71
Real Estate +0.22
Consumer Staples -0.47
Health Care -0.72
Consumer Discretionary is up 5.30% over five days, up 5.99% over one month, up 7.15% over three months and up 22.85% over one year.
Utilities has been up 1.81% over five days, down 1.15% over one month, down 0.30% over three months and up 2.51% over one year.