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SWS Market Update - April 5, 2022



U.S. stocks fell on Tuesday after Fed governor Lael Brainard reaffirmed that the central bank is committing to curbing inflation this year. Brainard announced that central bank will be reducing its $9 trillion asset portfolio in May 2022.


The S&P 500 went down by 1.26% on Tuesday to close at 4525.12. The Dow Jones Industrial Average dropped 0.80% to close at 34641.18 and the Nasdaq Composite fell 2.26% to close at 14204.17.


Economic Reports

Foreign trade deficit for February remained at -$89.2 billion.


ISM services index increased in March from 56.5% to 58.3%.


Markets

The SP 500 is down by 1.26% to close at 4525.12. The index is down 2.30% over five days, up 8.50% over one month, down 5.60% over three months and up 11.07% over one year.

The trailing P/E is 25.57 compared to 45.45 one year ago and estimated future P/E 20.11. Dividend yield is currently 1.38 compared with 1.45 one year ago.

Leading stocks were ZBH up 2.60%, CCL up 2.43%, JM2.SG up 2.32%, CCI up 2.13% and HOLX up 2.05%.

Trailing stocks were MKTX down 10.97%, MPWR down 7.41%, CDAY down 6.37%, MRNA down 6.08% and AMAT down 5.97%.


The Dow Jones Industrial Average went down 0.80% to close at 34641.18. The DOW is down 1.85% over five days, up 6.15% over one month, down 5.87% over three months and up 3.62% over one year.

The trailing P/E is 19.25 compared with 33.91 year ago and an estimated future P/E of 18.16. The current dividend yield is 2.03% compared with 1.78 one year ago.

Leading stocks were UNH up 1.52%, MCD up 0.68%, JNJ up 0.65%, VZ up 0.61% and PG up 0.35%.

Trailing stocks were BA down 4.46%, CRM down 3.98%, INTL down 2.17%, CAT down 2.17% and DIS down 2.14%.


The NASDAQ composite went down 2.26% and closed at 14204.17. NASDAQ is down 2.84% over five days, up 11.01% over one month, down 9.08% over 3 months and up 3.69% over one year.

Leading stocks were SBFM up 148.23%, ANGH up 47.52%, INZY up 38.60%, KSPN up 34.18% and TANH up 31.26%.

Trailing stocks were CGNT down 31.13%, IMRA down 22.09%, IMMX down 22.01%, ZSAN down 20.30%, and SAVA down 18.82%.


The MidCap SP400 went down by 1.82% to close at 2654.46. The SP400 is down 4.30% for the past 5 days, up 5.08% for the past month, down 7.37% for the past 3 months and down 0.46% over the past year.

Leading stocks were RH up 7.10%, NAVI up 2.77% and MMS up 2.63%.

Trailing stocks were SITM down 10.22%, GME down 10.04% and LSCC down 8.74%


The SmallCap SP600 is down by 2.26% to close at 1296.42. The SP600 is down 4.49% for the past 5 days, up 1.74% for the past month, down 9.09% for the past 3 months and down 3.54% over the past year.

Leading stocks were EZPW up 6.89%, MGPI up 4.90% and COLL up 4.37%.

Trailing stocks were AAWW down 10.17%, ACLS down 9.28% and MATX down 9.17%.


The CBOE VIX is up by 13.25% and closed at 21.03. The VIX is up 11.27% over five days, down 40.14% over one month, up 24.36% over three months and up 16.06% over one year.


On the New York stock exchange 648 stocks advanced and 2716 declined, while on Nasdaq 1206 advanced and 3551 declined.

There were 122 new 52 week highs and 116 new 52 week lows on NYSE with 74 new highs and 156 new lows on NASDAQ.


The 2 year Treasury note yield is 2.530% and 10 year is 2.554%. The 10-year yield is up 20.0% over five days, up 59.9% over one month, up 84.8% three months ago, and up 88.0% one year ago.


SP500 Sector Performance % Change:

Utilities +0.66

Health Care +0.18

Consumer Staples +0.07

Real Estate +0.06

Energy 0.00

Financials -0.75

Materials -0.79

Communication Services -1.39

Industrials -1.39

Information Technology -2.19

Consumer Discretionary -2.35

Utilities has been up 1.99% over five days, up 7.24% over one month, up 6.68% over three months and up 15.92% over one year.

Consumer Discretionary has been down 3.30% over five days, up 13.85% over one month, down 10.91% over three months and up 5.40% over one year.




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