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SWS Daily Market Update - January 5, 2022


U.S. stocks dropped on Wednesday after the Federal Reserve released the minutes from the latest policy meeting. The minutes showed that the Fed is considering raising interest rates sooner than expected, possibly starting as soon as March 2022.


The S&P 500 fell 1.94% to 4700.58. The Dow Jones Industrial Average set a record on Tuesday but ticked down 1.07% to 36407.11 on Wednesday. The Nasdaq Composite dropped 3.34% to 15100.17. The 10-Year U.S. Treasury Note increased to 1.709%, up from 1.666% the previous day.


ADP employment report for December was 807,000, up from 505,000 the month before. Economists had forecasted it to be 375,000.


Markit services PMI was 57.6 for December, slightly higher than the 57.5 it was previously.


Markets

The SP 500 is down by 1.94% to close at 4700.58. The index is down 1.93% over five days, down 0.01% over one month, up 7.72% over three months and up 25.41% over one year.

The trailing P/E is 29.33 compared to 40.40 one year ago and estimated future P/E 22.82. Dividend yield is currently 1.26 compared with 1.60 one year ago.

Leading stocks were NUE up 4.83%, MRK up 2.43%, T up 2.22%, PFE up 2.02% and SBNY up 1.77%.

Trailing stocks were ENPH down 11.82%, SEDG down 8.53%, CRM down 8.28%, PAYC down 7.89% and down MRNA 7.65%.


The Dow Jones industrial Average went down by 1.07% to close at 36407.11. The DOW is down 0.22% over five days, up 1.82% over one month, up 5.78% over three months and up 18.09% over one year.

The trailing P/E is 22.65 compared with 30.33 year ago and an estimated future P/E of 18.76. The current dividend yield is 1.90% compared with 1.95 one year ago.

Leading stocks were MRK up 2.43%, INTL up 1.37%, WMT up 1.35%, VZ up 1.03% and HON up 0.99%.

Trailing stocks were CRM down 8.28%, MSFT down 3.84%, AAPL at 2.66%, NKE down 2.49%, and GS down 2.17%.


The NASDAQ composite is down 3.34% and closed at 15100.17. NASDAQ is down 4.22% over five days, down 4.35% over one month, up 4.13% over 3 months and up 18.52% over one year.

Leading stocks were LIXT up 63.70%, MYNZ up 46.39%, BTCS up 43.89%, ELYM up 38.28% and DTST up 33.23%.

Trailing stocks were ANNX down 34.06%, APLT down 23.54%, GLUE down 22.62%, NTRB down 22.25%, and IMGO down 21.28%.


The MidCap SP400 is down by 2.25% to close at 2801.07. The SP400 is down 1.64% for the past 5 days, down 0.60% for the past month, up 5.02% for the past 3 months and up 17.05% over the past year.

Leading stocks were CLF up 5.17%, CIT up 4.21% and STLD up 3.84%.

Trailing stocks were GME down 13.12%, RUN down 9.11% and TTEK down 8.95%


The SmallCap SP600 is down by 2.47% to close at 1390.91. The SP600 is down 1.27% for the past 5 days, down 0.68% for the past month, up 3.37% for the past 3 months and up 17.37% over the past year.

Leading stocks were IIIN up 5.28%, OMI up 3.57% and EPC up 3.49%.

Trailing stocks were SGH down 15.40%, SPPI down 11.19% and BBBY down 10.84%.


The CBOE VIX is up by 16.68% and closed at 19.73. The VIX is up 16.40% over five days, down 0.85% over one month, down 6.05% over three months and down 21.30% over one year.


On the New York stock exchange 645 stocks advanced and 2760 declined, while on Nasdaq 947 advanced and 3841 declined.

There were 132 new 52 week highs and 118 new 52 week lows on NYSE with 123 new highs and 406 new lows on NASDAQ.


The 2 year Treasury note yield is 0.842% and 10 year is 1.706%. The 10-year yield is up 14.9% over five days, up 22.7% over one month, up 18.2% three months ago, and up 66.7% one year ago.


SP500 Sector Performance % Change:

Consumer Staples -0.03

Utilities -0.05

Energy -0.07

Materials -0.08

Health Care -0.71

Industrials -0.96

Financials -1.25

Consumer Discretionary -2.64

Communication Services -2.94

Information Technology -3.13

Real Estate -3.22


Consumer Staples has been up 0.81% over five days, up 6.93% over one month, up 11.54% over three months and up 17.40% over one year.


Real Estate has been down 4.00% over five days, up 0.23% over one month, up 10.13% over three months and up 41.58% over one year.



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