Overview
The S&P 500 and Dow Jones Industrial Average dropped for the second week in a row and the Nasdaq dropped for the third straight week. The 10-year Treasury note climbed for the fourth week and had its largest increase since last spring (March 2021). The S&P 500 is down for the week however closed slightly up on Friday by 0.08% to 4662.82. The Dow Jones Industrial Average ticked down 0.56% to 35911.81 and the Nasdaq had a slight increase on Friday by 0.59% to 14893.75, but is down overall for the week.
Economic Reports
Retail sales for December was -1.9%, in comparison to 0.25 the month before. Retail sales excluding autos was -2.3% for December, compared with 0.1% the previous month.
Import price index fell in December from 0.7% to -0.2%. Import price excluding fuels remained flat from the month before at 0.5%.
Industrial production was -0.1% for December, down from 0.7% in November.
Capacity utilization was 76.5% in December.
Umich consumer sentiment index (preliminary) fell from 70.6 in December to 68.8 in January.
Umich 5-year inflation expectations (preliminary) went up from 2.9% to 3.1% in January.
Business inventories had a slight increase in December from 1.2% to 1.3%.
Markets
The SP 500 is up by 0.08% to close at 4662.82. The index is down 0.30% over five days, up 0.91% over one month, up 4.28% over three months and up 23.74% 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 LVS up 14.05%, WYNN up 8.60%, DISCK up 7.04%, DISCA up 6.27% and LRCX up 6.27%.
Trailing stocks were JPM down 6.16%, MNST down 4.73%, SPG down 4.47%, AAL down 4.40% and down WHR 4.31%.
The Dow Jones industrial Average went down by 0.56% to close at 35911.81. The DOW is down 0.88% over five days, up 1.54% over one month, up 1.75% over three months and up 16.54% 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 AMGN up 1.95%, MSFT up 1.77%, CVX up 1.71%, INTL up 1.38% and DOW up 1.35%.
Trailing stocks were JPM down 6.16%, HD down 3.87%, AXP at 2.80%, GS down 2.51%, and DIS down 2.26%.
The NASDAQ composite is up 0.59% and closed at 14893.75. NASDAQ is down 0.28% over five days, down 1.82% over one month, down 0.02% over 3 months and up 14.58% over one year.
Leading stocks were GFAI up 52.83%, MYNZ up 26.95%, THRX up 23.21%, PIXY up 22.86% and NAKD up 21.84%.
Trailing stocks were SMID down 16.83%, FTCI down 15.63%, GWGH down 13.93%, PBTS down 13.68%, and ISIG down 13.59%.
The MidCap SP400 is down by 0.33% to close at 2782.64. The SP400 is down 0.38% for the past 5 days, up 2.00% for the past month, up 1.25% for the past 3 months and up 14.79% over the past year.
Leading stocks were HFC up 6.86%, MRCY up 5.71% and CHX up 5.18%.
Trailing stocks were SAM down 8.11%, CRNC down 7.90% and BJ down 6.26%
The SmallCap SP600 is up by 0.45% to close at 1388.27. The SP600 is up 0.28% for the past 5 days, up 3.21% for the past month, up 1.79% for the past 3 months and up 14.55% over the past year.
Leading stocks were NBR up 12.41%, ONTO up 11.36% and UCTT up 7.63%.
Trailing stocks were CONN down 6.95%, CRVL down 6.49% and LL down 6.21%.
The CBOE VIX is down by 5.37% and closed at 19.22. The VIX is up 2.45% over five days, down 10.99% over one month, up 17.79% over three months and down 21.08% over one year.
On the New York stock exchange 1351 stocks advanced and 1989 declined, while on Nasdaq 2090 advanced and 2490 declined.
There were 101 new 52 week highs and 199 new 52 week lows on NYSE with 79 new highs and 679 new lows on NASDAQ.
The 2 year Treasury note yield is 0.961% and 10 year is 1.786%. The 10-year yield is up 2.1% over five days, up 38.1% over one month, up 21.3% three months ago, and up 69.8% one year ago.
SP500 Sector Performance % Change:
Energy +2.44
Information Technology +0.89
Communication Services +0.53
Consumer Staples +0.19
Health Care -0.17
Consumer Discretionary -0.45
Industrials -0.57
Utilities -0.65
Materials -0.84
Financials -1.01
Real Estate -1.18
Energy has been up 5.22% over five days, up 20.38% over one month, up 13.25% over three months and up 52.51% over one year
Real Estate has been down 1.98% over five days, down 2.91% over one month, up 4.83% over three months and up 33.77% over one year.