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SWS Daily Market Update - October 6, 2021


A volatile day with sharp losses in the morning followed by a gain by the end of the day. The change in mood seemed to be triggered by news that the government debt crisis would be averted by congressional action to raise the debt ceiling. The DOW rose 0.3%, SPX was up 0.4% and Nasdaq composite up 0.5%.

The NYSE had 1502 advances, 1758 declines with 34 new 52 week highs and 95 new 52 week lows. On Nasdaq there were 1732 advances, 2722 declines, 46 new highs ad 274 new lows. The leading sector was Utilities up 1.53% and trailing was Energy down – 1.05%. The COBE volatility index dropped – 1.41% to 21.00.

The ADP National Employment report showed the expected increase in private sector employment with a gain of 568,000 jobs in September, above the estimated 428,000. The August value was revised down to 340,000 from 374,000. The more comprehensive employment report from the Labor Department comes out on Friday. ​

Markets

The SP 500 is up by 0.41% to close at 4363.55. The index is down 0.09% over five days, down 3.33% over one month, up 0.12% over three months and up 27.61% over one year.

The trailing P/E is 30.04 compared to 36.94 one year ago and estimated future P/E 21.47. Dividend yield is currently 1.38 compared with 1.81 one year ago.

Leading stocks were ENPH up 4.19%, ICE up 3.84%, CSX up 3.53%, VMC up 3.21% and NSC up 2.90%.

Trailing stocks were MRNA down 8.94%, EA down 6.95%, STX down 5.33%, CDW down 4.67% and MKTX down 4.43%.


The Dow Jones industrial Average is up by 0.30% to close at 34416.99. The DOW is up 0.08% over five days, down 1.75% over one month, down 0.76% over three months and up 21.60% over one year.

The trailing P/E is 23.37 compared with 27.77 year ago and an estimated future P/E of 18.56. The current dividend yield is 1.86% compared with 2.17 one year ago.

Leading stocks were MSFT up 1.51%, PG up 1.33%, CRM up 1.29%, KO up 1.19% and V up 0.99%.

Trailing stocks were DOW down 3.28%, CSCO down 1.37%, MRK down 1.15%, AMGN down 0.89%, and CVX up 0.88%.


The NASDAQ composite is up by 0.47% and closed at 14501.91. NASDAQ is down 0.07% over five days, down 5.13% over one month, down 1.11% over 3 months and up 27.61% over one year.

Leading stocks were VYGR up 56.68%, GROM up 49.55%, NXTP up 28.24%, FAMI up 21.36% and RESN up 20.00%.

Trailing stocks were DATS down 17.30%, ERAS down 16.04%, STWO down 16.00%, PALT down 15.49%, and ZY down 2.05%.


The MidCap SP400 is down by 0.20% to close at 2667.26. The SP400 is down 0.54% for the past 5 days, down 1.89% for the past month, down 0.58% for the past 3 months and up 35.32% over the past year.

Leading stocks were AYI up 10.90%, JAZZ up 6.89% and FIVE up 5.27%.

Trailing stocks were X down 8.65%, CHX down 6.44% and CRI down 6.26%


The SmallCap SP600 is down by 0.79% to close at 1345.60. The SP600 is down 0.64% for the past 5 days, up 0.08% for the past month, up 0.34% for the past 3 months and up 48.11% over the past year.

Leading stocks were BNED up 7.07%, HCI up 5.44% and RGNX up 5.18%.

Trailing stocks were OII down 10.31%, OIS down 9.70% and SWN down 9.48%.


The CBOE VIX is down 1.41% and closed at 21.00. The VIX is down 6.91% over five days, up 16.93% over one month, up 29.63% over three months and down 25.16% over one year.


On the New York stock exchange 1502 stocks advanced and 1758 declined, while on Nasdaq 1731 advanced and 2721 declined.

There were 34 new 52 week highs and 95 new 52 week lows on NYSE with 46 new highs and 274 new lows on NASDAQ.


The 2 year Treasury note yield is 0.302% and 10 year is 1.524%. The 10 year yield is up 3.7% over five days, up 22.1% over one month, up 22.6% three months ago, and up 74.3% one year ago.


SP500 Sector Performance % change

Utilities +1.53

Consumer Staples +1.00

Real Estate +0.98

Information Technology +0.69

Communication Services +0.46

Industrials +0.46

Consumer Discretionary +0.42

Financials +0.16

Health Care -0.16

Materials -0.26

Energy -1.05

Utilities is up 1.86% over five days, down 5.50% over one month, up 1.38% over three months and up 5.17% over one year.

Energy has been up 2.97% over five days, down 15.82% over one month, down 5.14% over three months and up 80.76% over one year.


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