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SWS Market Update - March 16, 2022



The Federal Reserve announced on Wednesday that they will be raising interest rates by a quarter-percentage-point, the first interest rate increase since 2018. U.S. Stocks climbed after the Federal Reserve’s announcement, with all three benchmarks closing with gains. The S&P 500 went up 2.24% to close at 4173.11. The Dow Jones Industrial Average ticked up 1.55% to close at 34063.10 and the Nasdaq Composite went up 3.77% to close at 13436.55.


Economic Reports

Retail sales dropped in February from 4.9% to 0.3%.


Retail sales excluding motor vehicles also reported a drop from 4.4% to 0.2%.


Import price index for February was 1.4%, compared with 1.9% the month prior.


Import price index excluding fuels was 0.8% for February, down from 1.3% previously.


NAHB home builders’ index for March is 79, compared with 81 previously.


Business inventories (revision) for January remained at 1.1%.


Markets

The SP 500 is down by 2.24% to close at 4173.11. The index is up 1.87% over five days, down 2.62% over one month, down 7.47% over three months and up 9.66% over one year.

The trailing P/E is 23.68 compared to 44.63 one year ago and estimated future P/E 18.85. Dividend yield is currently 1.44 compared with 1.49 one year ago.

Leading stocks were EPAM up 25.19%, MRNA up 14.34%, LVS up 11.88%, JBHT up 9.59% and MU up 8.97%.

Trailing stocks were NLOK down 13.28%, CF down 7.06%, LMT down 6.09%, LHX down 5.69% and NOC down 5.22%.


The Dow Jones Industrial Average went up 1.55% to close at 34063.10. The DOW is up 2.33% over five days, down 2.49% over one month, down 5.19% over three months and up 3.17% over one year.

The trailing P/E is 18.91 compared with 33.59 year ago and an estimated future P/E of 17.43. The current dividend yield is 2.07% compared with 1.80 one year ago.

Leading stocks were BA up 5.06%, NKE up 4.85%, CRM up 4.81%, JPM up 4.47% and INTL up 4.06%.

Trailing stocks were WBA down 1.64%, JNJ down 0.92%, MRK down 0.66%, VZ down 0.51% and TRV down 0.50%.


The NASDAQ composite went up 3.77% and closed at 13436.55. NASDAQ is up 1.37% over five days, down 4.87% over one month, down 13.68% over 3 months and down 14.12% over one year.

Leading stocks were SONN up 86.73%, VNET up 83.25%, KC up 72.27%, YY up 66.35% and DOYU up 60.56%.

Trailing stocks were TANH down 68.84%, IXHL down 61.13%, BWV down 38.14%, NLSP down 28.98%, and IMPP down 25.27%.


The MidCap SP400 went up by 2.81% to close at 2657.99. The SP400 is up 2.34% for the past 5 days, down 1.64% for the past month, down 3.93% for the past 3 months and down 0.23% over the past year.

Leading stocks were CAR up 21.53%, KSS up 17.26% and APPS up 17.19%.

Trailing stocks were NOV down 2.95%, SAIC down 2.47% and OGS down 1.94%


The SmallCap SP600 is up by 2.49% to close at 1314.99. The SP600 is up 1.06% for the past 5 days, down 1.11% for the past month, down 3.53% for the past 3 months and down 4.81% over the past year.

Leading stocks were EHTH up 20.47%, CPS up 19.93% and LPSN up 15.79%.

Trailing stocks were NBRWF down 9.57%, ANIP down 7.26% and CEIX down 4.12%.


The CBOE VIX is down by 10.59% and closed at 26.67. The VIX is down 17.81% over five days, up 9.80% over one month, up 38.26% over three months and up 38.69% over one year.


On the New York stock exchange 2664 stocks advanced and 698 declined, while on Nasdaq 3733 advanced and 977 declined.

There were 44 new 52 week highs and 174 new 52 week lows on NYSE with 34 new highs and 254 new lows on NASDAQ.


The 2 year Treasury note yield is 1.942% and 10 year is 2.191%. The 10-year yield is up 12.09% over five days, up 7.33% over one month, up 50.36% three months ago, and up 33.18% one year ago.


SP500 Sector Performance % Change:

Consumer Discretionary +3.35

Information Technology +3.32

Communication Services +2.93

Financials +2.88

Materials +1.58

Industrials +1.32

Health Care +1.22

Real Estate +1.13

Consumer Staples +0.13

Utilities -0.17

Energy -0.43


Consumer Discretionary has been up 4.30% over five days, down 5.75% over one month, down 13.03% over three months and up 2.09% over one year.


Energy has been down 4.87% over five days, up 4.06% over one month, up 30.12% over three months and up 39.21% over one year.



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