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SWS Market Update - Dow Jones Industrial Average hit lowest level since November 2020


The Dow Jones Industrial Average dropped to its lowest level since November 2020. The growing concern over the possibility of recession, inflation, and the war in Ukraine are weighing heavily on investors minds and the global markets. The S&P 500 dropped by 1.72% to close at 3693.23. The Dow Jones Industrial Average fell 1.62% to 29590.41 and the Nasdaq Composite lost 1.80% to 10867.93.

Economic Reports

S&P U.S. manufacturing PMI (flash) reported a slight increase in September from 51.5 to 51.8.

S&P U.S. services PMI (flash) reported an increase to 49.2 in September, compared with 43.7 previously.

Markets

The SP 500 went down by 1.72% to close at 3693.23. The index is down 4.65% over five days, down 8.98% over one month, down 5.59% over three months and down 17.11% over one year.

The trailing P/E is 18.09 compared to 31.09 one year ago and estimated future P/E 16.42. Dividend yield is currently 1.79 compared with 1.34 one year ago.

Leading stocks were GNRC up 3.21%, DPZ up 3.08%, IDXX up 2.49%, ALGN up 2.06% and ALLE up 1.56%.

Trailing stocks were APA down 11.43%, MRO down 10.94%, DXC down 9.32%, FANG down 8.96% and HAL down 8.69%.


The Dow Jones Industrial Average went down 1.62% to close 29590.41. The DOW is down 4.00% over five days, down 8.43% over one month, down 6.06% over three months and down 14.97% over one year.

The trailing P/E is 17.42 compared with 23.63 year ago and an estimated future P/E of 15.77. The current dividend yield is 2.40% compared with 1.84 one year ago.

Leading stocks were HD up 0.67%, JNJ up 0.32%, AMGN down 0.34%, PG down 0.46% and UNH down 0.74%.

Trailing stocks were CVX down 6.53%, BA down 5.37%, CAT down 3.70%, GS down 3.50% and DIS down 2.60%.


The NASDAQ composite went down 1.80% and closed at 10867.93. NASDAQ is down 5.07% over five days, down 10.49% over one month, down 6.37% over 3 months and down 27.78% over one year.

Leading stocks were GSUN up 92.05%, KRBP up 46.43%, ATHX up 39.32%, LITM up 38.26% and XRTX up 29.33%.

Trailing stocks were UK down 42.42%, PRST down 40.00%, CSCW down 33.83%, SPPI down 32.65%, and ATXI down 31.82%.


The MidCap SP400 went down by 2.13% to close at 2239.29. The SP400 is down 5.92% for the past 5 days, down 10.44% for the past month, down 4.07% for the past 3 months and down 17.04% over the past year.


The SmallCap SP600 went down by 2.23% to close at 1080.92. The SP600 is down 5.59% for the past 5 days, down 11.80% for the past month, down 6.20% for the past 3 months and down 19.62% over the past year.


The CBOE VIX went up 9.40% and closed at 29.92. The VIX is up 13.76% over five days, up 17.06% over one month, up 9.88% over three months and up 68.56% over one year.


On the New York stock exchange 411 stocks advanced and 2878 declined, while on Nasdaq 939 advanced and 3738 declined.

There were 8 new 52 week highs and 1106 new 52 week lows on NYSE with 23 new highs and 1242 new lows on NASDAQ.


The 2 year Treasury note is 4.212% and the 10 year is 3.688%. The 10-year yield is up 23.5% over five days, up 64.5% over one month, up 55.2% three months ago, and up 223.4% one year ago.


SP500 Sector Performance % Change:

Health Care -0.54

Utilities -1.18

Real Estate -1.30

Information Technology -1.35

Financials -1.56

Consumer Staples -1.73

Communication Services -1.77

Industrials -1.87

Materials -2.05

Consumer Discretionary -2.29

Energy -6.75

Health Care has been down 3.38% over five days, down 3.33% over one month, down 5.02% over three months and down 7.04% over one year.

Energy has been down 9.00% over five days, down 13.79% over one month, down 0.81% over three months and up 40.36% over one year.


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