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SWS Daily Market Update - December 3, 2021




Overview

After a turbulent week in the markets, all the major U.S. stock indexes dropped on Friday. The S&P 500 fell 0.84% to 4538.43, the Dow Jones Industrial Average ticked down 0.17% to 34580.08, and the Nasdaq Composite dropped 1.92% to 15085.47.


The U.S. added 210,000 jobs in November, from 546,000 in October. This is the lowest number of jobs added since last December. Economists had forecasted it to be significantly higher at 573,000 for the month. The unemployment rate decreased in November from 4.6% to 4.2%.


Average hourly earnings were at 0.3% for November, a 0.1% drop from the previous month.


Markit services PMI went up 1.0% in November to 58.0%.


ISM services index climbed from 66.7% to 69.1% in November.


Factory orders for October were 1.0%.


Core capital goods orders fell in October from 1.4% to 0.7%.


Markets

The SP 500 is down by 0.84% to close at 4538.43. The index is down 1.22% over five days, down 3.39% over one month, up 0.07% over three months and up 22.69% over one year.

The trailing P/E is 28.06 compared to 41.65 one year ago and estimated future P/E 21.42. Dividend yield is currently 1.31 compared with 1.65 one year ago.

Leading stocks were VIAC up 5.11%, WBA up 4.28%, COO up 3.60%, DISCA up 3.18% and SWK up 3.07%.

Trailing stocks were ADBE down 8.24%, ENPH down 7.62%, ETSY down 7.30%, DXCM down 7.27% and TSLA down 6.42%.


The Dow Jones industrial Average is down by 0.17% to close at 34580.08. The DOW is down 0.19% over five days, down 4.81% over one month, down 2.23% over three months and up 14.43% over one year.

The trailing P/E is 21.52 compared with 29.74 year ago and an estimated future P/E of 17.74. The current dividend yield is 1.99% compared with 2.03 one year ago.

Leading stocks were WBA up 4.28%, PG up 1.78%, IBM up 1.66%, WMT down 1.51% and JNJ down 1.46%.

Trailing stocks were MSFT down 1.97%, BA down 1.92%, JPM down 1.81%, GS down 1.24%, and AAPL down 1.17%.


The NASDAQ composite is down 1.92% and closed at 15085.47. NASDAQ is down 2.62% over five days, down 5.55% over one month, down 1.81% over 3 months and up 21.03% over one year.

Leading stocks were TC up 44.74%, CYAD up 32.02%, IOBT up 31.80%, WEJO up 30.88% and PETV up 24.44%.

Trailing stocks were DOCU down 42.22%, ESPR down 41.47%, AVCT down 35.81%, CD down 32.88%, and CAN down 28.79%.


The MidCap SP400 is down by 1.28% to close at 2702.14. The SP400 is down 2.78% for the past 5 days, down 6.99% for the past month, down 2.12% for the past 3 months and up 20.37% over the past year.

Leading stocks were KD up 8.00%, KAR up 6.13% and EQT up 5.50%.

Trailing stocks were OLLI down 20.47%, SPWR down 9.11% and MIME down 5.67%


The SmallCap SP600 is down by 1.34% to close at 1341.81. The SP600 is down 2.51% for the past 5 days, down 8.46% for the past month, down 2.04% for the past 3 months and up 23.62% over the past year.

Leading stocks were BIG up 5.34%, EVTC up 5.22% and CRMT up 4.09%.

Trailing stocks were AMEH down 14.69%, SPPI down 13.29% and RGR down 9.84%.


The CBOE VIX is up 9.73% and closed at 30.67. The VIX is up 7.16% over five days, up 86.10% over one month, up 86.90% over three months and up 47.52% over one year.


On the New York stock exchange 915 stocks advanced and 2441 declined, while on Nasdaq 1053 advanced and 3624 declined.

There were 28 new 52 week highs and 208 new 52 week lows on NYSE with 29 new highs and 736 new lows on NASDAQ.


The 2 year Treasury note yield is 0.595% and 10 year is 1.357%. The 10-year yield is down 12.2% over five days, down 9.6% over one month, up 3.1% three months ago, and up 38.7% one year ago.


SP500 Sector Performance % Change:


Consumer Staples +1.40

Utilities +1.02

Health Care +0.25

Industrials -0.04

Materials -0.23

Real Estate -0.41

Communication Services -0.47

Energy -0.75

Financials -1.54

Information Technology -1.65

Consumer Discretionary -1.84


Consumer Staples is down 0.48% over five days, down 1.89% over one month, down 1.25% over three months and up 7.49% over one year.


Consumer Discretionary has been down 2.36% over five days, down 5.41% over one month, up 7.37% over three months and up 23.53% over one year.


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