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SWS Market Update - June 29, 2022




The U.S. stocks had modest moves on Wednesday after quarterly reports from the first quarter showed a rough start to the year. The combination of inflation, the war in Ukraine, as well as the uncertainty of the global economy have weighed heavily in the first half of 2022. The S&P 500 is on track to having its worst first half in fifty years with the benchmark being down about 20%.


The S&P 500 went down by 0.1% to close at 3818.83. The Dow Jones Industrial Average gained 0.3% to close at 31029.31 and the Nasdaq Composite dropped 0.03% to 11177.89.

Economic Reports

Gross domestic product revision (SAAR) for the first quarter dropped slightly from -1.5% to -1.6%.


Final domestic demand revision (SAAR) went from 2.7% to 2.0% in the first quarter.




Gross domestic income revision (SAAR) also reported a decline from 2.1% to 1.8% in the first quarter.


Markets

The SP 500 went down by 0.07% to close at 3818.83. The index is up 1.57% over five days, down 6.89% over one month, down 17.03% over three months and down 11.14% over one year.

The trailing P/E is 20.43 compared to 37.26 one year ago and estimated future P/E 16.95. Dividend yield is currently 1.68 compared with 1.35 one year ago.

Leading stocks were GIS up 6.35%, MOH up 3.39%, ABMD up 2.97%, MNST up 2.80% and SJM up 2.74%.

Trailing stocks were CCL down 14.13%, RCL down 10.26%, NCLH down 9.33%, BBBY down 8.97% and APA down 6.89%.


The Dow Jones Industrial Average went up 0.27% to close at 31029.31. The DOW is up 1.79% over five days, down 5.44% over one month, down 11.92% over three months and down 10.07% over one year.

The trailing P/E is 17.68 compared with 29.18 year ago and an estimated future P/E of 16.42. The current dividend yield is 2.25% compared with 1.82 one year ago.

Leading stocks were MCD up 2.02%, MSFT up 1.47%, UNH up 1.43%, HD up 1.38% and AAPL up 1.30%.

Trailing stocks were CAT down 2.11%, CVX down 1.97%, AXP down 1.91%, HON down 1.56% and INTL down 1.30%.


The NASDAQ composite went down 0.03% and closed at 11177.89. NASDAQ is up 1.13% over five days, down 6.81% over one month, down 22.60% over 3 months and down 22.93% over one year.

Leading stocks were ALNA up 114.29%, COMS up 60.36%, BBI up 47.64%, DBTX up 44.15% and AEZS up 40.37%.

Trailing stocks were AGRX down 36.10%, KAL down 35.18%, XCUR down 27.81%, ALRN down 27.14%, and ENDP down 26.39%.


The MidCap SP400 went down by 0.80% to close at 2290.67. The SP400 is up 2.22% for the past 5 days, down 8.18% for the past month, down 16.17% for the past 3 months and down 15.04% over the past year.


The SmallCap SP600 went down by 1.00% to close at 1132.34. The SP600 is up 2.17% for the past 5 days, down 8.05% for the past month, down 15.01% for the past 3 months and down 17.64% over the past year.


The CBOE VIX is down by 0.71% and closed at 28.16. The VIX is down 2.73% over five days, up 9.61% over one month, up 45.68% over three months and up 77.89% over one year.


On the New York stock exchange 1144 stocks advanced and 2060 declined, while on Nasdaq 1655 advanced and 2914 declined.

There were 9 new 52 week highs and 199 new 52 week lows on NYSE with 13 new highs and 349 new lows on NASDAQ.


The 2 year Treasury note is 3.045% and the 10 year is 3.090%. The 10-year yield is down 0.1% over five days, up 17.7% over one month, up 75.0% three months ago, and up 163.4% one year ago.


SP500 Sector Performance % Change:

Health Care +0.87

Consumer Staples +0.49

Communication Services +0.27

Information Technology +0.20

Utilities +0.05

Consumer Discretionary +0.01

Industrials -0.62

Financials -0.64

Materials -0.73

Real Estate -0.76

Energy -3.43


Health Care has been up 3.37% over five days, down 1.10% over one month, down 7.10% over three months and up 2.07% over one year.


Energy has been down 0.38% over five days, down 16.73% over one month, down 5.52% over three months and up 36.88% over one year.



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