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SWS Market Update - March 1, 2022


The major U.S. stock indexes dropped on Tuesday due to oil prices climbing to a multiyear high as well as the ongoing tumultuous state of global markets due to the Russian invasion of Ukraine. The S&P 500 fell 1.55% to close at 4306.26. The Dow Jones Industrial Average dropped 1.76% to 33294.95 and the Nasdaq Composite ticked down 1.59% to 13532.46.



Economic Reports

Markit manufacturing (PMI) saw a slight drop from 57.5 to 57.3 in February.


ISM manufacturing index increased in February from 57.6% to 58.6%.


Construction spending went up in January from 0.8% to 1.3% in January.


Markets

The SP 500 is down by 1.55% to close at 4306.26. The index is up 0.03% over five days, down 5.28% over one month, down 5.71% over three months and up 11.26% over one year.

The trailing P/E is 23.83 compared to 43.74 one year ago and estimated future P/E 19.49. Dividend yield is currently 1.41 compared with 1.50 one year ago.

Leading stocks were TGT up 9.84%, CHRW up 8.42%, OXY up 7.00%, PARA up 5.39% and LMT up 5.26%.

Trailing stocks were DXC down 11.58%, APTV down 8.80%, RCL down 8.73%, PVH down 8.63% and RF down 8.60%.


The Dow Jones Industrial Average went down 1.76% to close at 33294.95. The DOW is down 0.90% over five days, down 5.96% over one month, down 3.45% over three months and up 6.06% over one year.

The trailing P/E is 18.47 compared with 31.94 year ago and an estimated future P/E of 17.90. The current dividend yield is 2.09% compared with 1.89 one year ago.

Leading stocks were CVX up 3.97%, HD up 1.40%, WMT up 0.61%, UNH up 0.08% and VZ down 0.11%.

Trailing stocks were DIS down 0.09%, V down 0.91%, MSFT down 0.92%, HD down 1.09% and NKE up 1.19%.


The NASDAQ composite went down 1.59% and closed at 13532.46. NASDAQ is up 1.13% over five days, down 5.67% over one month, down 12.91% over 3 months and up 1.30% over one year.

Leading stocks were ATXI up 78.46%, CTIC up 63.16%, GBS up 50.00%, GHSI up 47.84% and TRVI up 36.11%.

Trailing stocks were VRM down 46.55%, MULN down 39.05%, GDRX down 38.91%, IMPP down 37.55%, and CHEK down 37.01%.


The MidCap SP400 went down by 1.96% to close at 2609.31. The SP400 is up 0.50% for the past 5 days, down 2.00% for the past month, down 3.67% for the past 3 months and up 3.17% over the past year.

Leading stocks were PGNY up 9.53%, SAIL up 8.22% and MRCY up 7.11%.

Trailing stocks were KD down 14.88%, ADNT down 13.36% and SKX down 9.72%


The SmallCap SP600 is up by 2.23% to close at 1310.76. The SP600 is up 0.99% for the past 5 days, up 3.06% for the past month, down 4.76% for the past 3 months and up 2.52% over the past year.

Leading stocks were LPSN up 15.98%, NBRWF up 15.71% and VRTV up 15.63%.

Trailing stocks were ENDP down 22.51%, JRVR down 19.51% and EHTH down 14.61%.


The CBOE VIX is up by 10.51% and closed at 33.32. The VIX is up 15.65% over five days, up 51.73% over one month, up 22.55% over three months and up 38.26% over one year.


On the New York stock exchange 1331 stocks advanced and 2049 declined, while on Nasdaq 1684 advanced and 3094 declined.

There were 110 new 52 week highs and 134 new 52 week lows on NYSE with 67 new highs and 229 new lows on NASDAQ.


The 2 year Treasury note yield is 1.372% and 10 year is 1.754%. The 10-year yield is down 11.80% over five days, down 0.97% over one month, up 25.12% three months ago, and up 18.62% one year ago.


SP500 Sector Performance % Change:

Energy +1.03

Real Estate -0.23

Health Care -0.58

Consumer Staples -0.60

Utilities -0.84

Communication Services -1.22

Consumer Discretionary -1.34

Industrials -1.53

Information Technology -1.99

Materials -2.31

Financials -3.71


Energy has been up 6.61% over five days, up 3.79% over one month, up 31.60% over three months and up 47.14% over one year.


Financials has been down 4.96% over five days, down 6.48% over one month, down 2.26% over three months and up 11.88% over one year.



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