SWS Daily Market Update - January 12, 2022

The U.S. stocks closed on Wednesday with gains. The S&P 500 rose by 0.28% to 4726.35. The Dow Jones Industrial Average gained 0.11% to 36290.32 and the tech-heavy Nasdaq Composite went up by 0.23% to 15188.39.

Economic Reports

Consumer price index (month-to-month) came in at 0.5% for December, lower than the 0.8% it was at the previous month. The Core CPI (month-to-month) increased 0.1% to 0.6% from the previous month.

CPI (year-over-year) rose to a new high in December at 7.0%, up from 6.8% the month before. This is the highest it has been in almost forty years. Core CPI (year-over-year) also increased from 4.9% to 5.5%.

The Federal budget for December was -$21 billion.

Markets

The SP 500 is up by 0.28% to close at 4726.35. The index is up 0.55% over five days, up 0.35% over one month, up 8.31% over three months and up 24.06% over one year.

The trailing P/E is 28.76 compared to 41.17 one year ago and estimated future P/E 21.25. Dividend yield is currently 1.29 compared with 1.57 one year ago.

Leading stocks were CTRA up 6.07%, TTWO up 5.15%, FCX up 5.02%, AMAT up 4.66% and TSLA up 3.93%.

Trailing stocks were DGX down 6.80%, BIIB down 6.70%, TROW down 6.63%, ALGN down 3.60% and down HSIC 3.41%.

The Dow Jones industrial Average went up by 0.11% to close at 36290.32. The DOW is down 0.32% over five days, up 1.01% over one month, up 5.56% over three months and up 16.84% over one year.

The trailing P/E is 22.14 compared with 30.82 year ago and an estimated future P/E of 18.71. The current dividend yield is 1.90% compared with 1.94 one year ago.

Leading stocks were CRM up 1.27%, NKE up 1.27%, CAT up 1.11%, MSFT up 1.04% and UNH up 1.01%.

Trailing stocks were GS down 3.16%, JNJ down 0.85%, WBA at 0.77%, MRK down 0.58%, and WMT down 0.53%.

The NASDAQ composite is up 0.23% and closed at 15188.39. NASDAQ is up 0.58% over five days, down 2.42% over one month, up 4.23% over 3 months and up 15.69% over one year.

Leading stocks were ECOR up 64.03%, IMRN up 46.18%, SURG up 32.08%, NXTD up 30.60% and VAXX up 29.67%.

Trailing stocks were AVGR down 25.67%, DOGZ down 19.83%, NTRB down 17.30%, BZ down 15.63%, and RVPH down 15.41%.

The MidCap SP400 is down by 0.29% to close at 2798.79. The SP400 is down 0.08% for the past 5 days, up 1.16% for the past month, up 3.65% for the past 3 months and up 15.36% over the past year.

Leading stocks were CROX up 6.84%, X up 5.37% and EQT up 4.80%.

Trailing stocks were JEF down 9.27%, CRNC down 5.35% and LHCG down 5.30%

The SmallCap SP600 is down by 0.46% to close at 1381.88. The SP600 is down 0.65% for the past 5 days, up 1.38% for the past month, up 2.09% for the past 3 months and up 14.66% over the past year.

Leading stocks were EBIX up 15.26%, TBBK up 10.62% and RRC up 8.57%.

Trailing stocks were LGND down 9.70%, EGRX down 7.02% and NEO down 6.92%.

The CBOE VIX is down by 4.29% and closed at 17.62. The VIX is down 10.69% over five days, down 8.66% over one month, down 5.47% over three months and down 20.67% over one year.

On the New York stock exchange 1711 stocks advanced and 1625 declined, while on Nasdaq 1971 advanced and 2697 declined.

There were 128 new 52 week highs and 64 new 52 week lows on NYSE with 97 new highs and 170 new lows on NASDAQ.

The 2 year Treasury note yield is 0.915% and 10 year is 1.746%. The 10-year yield is up 2.2% over five days, up 32.9% over one month, up 23.0% three months ago, and up 61.8% one year ago.

SP500 Sector Performance % Change:

Materials +0.95

Consumer Discretionary +0.63

Information Technology +0.44

Communication Services +0.36

Utilities +0.35

Industrials +0.30

Real Estate +0.29

Energy +0.19

Consumer Staples +0.05

Financials +0.04

Health Care -0.26

Materials has been down 0.27% over five days, up 3.10% over one month, up 10.27% over three months and up 17.44% over one year.

Health Care has been down 0.14% over five days, down 0.85% over one month, up 8.78% over three months and up 16.68% over one year.