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SWS Daily Market Update - December 2, 2021


After an unstable week for the U.S. stock markets, the major stock indexes all increased on Thursday. The unknown impact of Omicron on the global economy and on public health has been the driving force of the instability in the markets this week. The S&P 500 finished 1.42% higher at 4577.10. The Dow Jones went up 1.82% to 34639.79 and the Nasdaq Composite closed 0.83% higher at 15381.32.


Initial jobless claims for the week ending November 27 increased from 194,000 to 222,000. Continuing jobless claims dropped from 2.06 million to 1.96 million for the week ending November 20.


Markets

The SP 500 is up by 1.42% to close at 4577.10. The index is down 2.65% over five days, down 2.20% over one month, up 0.89% over three months and up 24.83% over one year.

The trailing P/E is 28.81 compared to 41.34 one year ago and estimated future P/E 22.45. Dividend yield is currently 1.28 compared with 1.65 one year ago.

Leading stocks were KR up 11.04%, DAL up 9.28%, CCL up 9.22%, CZR up 8.38% and WYNN up 8.19%.

Trailing stocks were LRCX down 4.62%, PVH down 4.11%, ETSY down 3.75%, AMAT down 3.42% and DG down 3.13%.


The Dow Jones industrial Average is up by 1.82% to close at 34639.79. The DOW is down 3.25% over five days, down 4.11% over one month, down 2.27% over three months and up 15.58% over one year.

The trailing P/E is 21.56 compared with 29.50 year ago and an estimated future P/E of 18.45. The current dividend yield is 2.02% compared with 2.05 one year ago.

Leading stocks were BA up 7.54%, AXP up 4.47%, V down 4.28%, CRM down 3.86% and DIS down 3.55%.

Trailing stocks were WMT down 1.12%, MRK down 0.74%, JNJ down 0.63%, AAPL down 0.61%, and MMM down 0.28%.


The NASDAQ composite is up 0.83% and closed at 15381.32. NASDAQ is down 2.93% over five days, down 3.51% over one month, up 0.33% over 3 months and up 24.27% over one year.

Leading stocks were ARDX up 51.53%, JWEL up 25.56%, IAIC up 23.71%, BFRI up 21.25% and PPSI up 19.38%.

Trailing stocks were TANH down 57.00%, KIRK down 24.78%, ATNF down 23.56%, QTT down 21.35%, and GRAB down 20.53%.


The MidCap SP400 is up by 2.73% to close at 2737.29. The SP400 is down 4.63% for the past 5 days, down 4.96% for the past month, down 1.32% for the past 3 months and up 24.23% over the past year.

Leading stocks were SABR up 10.55%, KD up 9.52% and KAR up 8.59%.

Trailing stocks were PNM down 6.31%, CRUS down 4.48% and AXON down 3.28%


The SmallCap SP600 is up by 2.83% to close at 1360.01. The SP600 is down 4.86% for the past 5 days, down 5.22% for the past month, down 1.31% for the past 3 months and up 28.42% over the past year.

Leading stocks were EHTH up 15.81%, BJRI up 12.83% and MPAA up 11.48%.

Trailing stocks were GEO down 6.67%, HIBB down 6.66% and SPPI down 5.95%.


The CBOE VIX is down 10.19% and closed at 27.95. The VIX is up 50.43% over five days, up 81.02% over one month, up 70.32% over three months and up 31.34% over one year.


On the New York stock exchange 2520 stocks advanced and 870 declined, while on Nasdaq 2997 advanced and 1646 declined.

There were 17 new 52 week highs and 188 new 52 week lows on NYSE with 31 new highs and 619 new lows on NASDAQ.


The 2 year Treasury note yield is 0.622% and 10 year is 1.447%. The 10-year yield is down 3.2% over five days, down 0.6% over one month, up 12.1% three months ago, and up 47.7% one year ago.


SP500 Sector Performance % change


Industrials +2.89

Energy +2.85

Financials +2.83

Real Estate +2.67

Materials +1.98

Communication Services +1.61

Utilities +1.22

Consumer Discretionary +1.17

Information Technology +0.84

Consumer Staples +0.80

Health Care +0.40


Industrials is down 3.64% over five days, down 3.16% over one month, down 2.79% over three months and up 16.11% over one year.


Health Care has been down 1.79% over five days, down 3.28% over one month, down at 4.86% over three months and up 16.90% over one year.


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