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SWS Market Update - March 21, 2022


The major U.S. stock indexes closed lower on Monday after Federal Reserve Chairman Jerome Powell spoke at the NABE conference. Mr. Powell stated that the U.S. central bank is committed to combatting inflation and is prepared to raise interest rates by half-percentage-point intervals to achieve this. The S&P 500 went down by 0.04% to close at 4461.18. The Dow Jones Industrial Average fell by 0.58% to close at 34552.99 and the Nasdaq Composite dropped 0.40% to close at 13838.46.


Economic Reports

Chicago Fed national activity index dropped in February from 0.59 to 0.51.


Markets

The SP 500 is down by 0.04% to close at 4461.18. The index is up 6.90% over five days, up 2.58% over one month, down 2.34% over three months and up 13.21% over one year.

The trailing P/E is 24.53 compared to 44.63 one year ago and estimated future P/E 16.52. Dividend yield is currently 1.42 compared with 1.49 one year ago.

Leading stocks were MRO up 8.54%, OXY up 8.39%, MOS up 8.25%, HES up 6.61% and FANG up 6.41%.

Trailing stocks were NLSN down 6.87%, LEN down 4.67%, CDAY down 4.43%, FBHS down 4.26% and DAL down 4.22%.


The Dow Jones Industrial Average went down 0.58% to close at 34552.99. The DOW is up 4.88% over five days, up 1.39% over one month, down 1.09% over three months and up 5.57% over one year.

The trailing P/E is 19.19 compared with 33.22 year ago and an estimated future P/E of 18.00. The current dividend yield is 2.04% compared with 1.82 one year ago.

Leading stocks were CVX up 1.80%, DOW up 1.52%, CAT up 1.27%, TRV up 1.24% and AAPL up 0.85%.

Trailing stocks were BA down 3.59%, HD down 3.34%, CRM up 2.32%, GS up 1.85% and MCD up 1.51%.


The NASDAQ composite went down 0.40% and closed at 13838.46. NASDAQ is up 9.99% over five days, up 2.14% over one month, down 7.63% over 3 months and up 3.45% over one year.

Leading stocks were NRSN up 299.36%, CRXT up 58.44%, YMTX up 58.04%, AUID up 54.13% and DRMA up 44.00%.

Trailing stocks were VLON down 68.95%, ALNA down 43.16%, IMPP down 36.71%, HOUR down 32.84%, and JCTCF down 25.58%.


The MidCap SP400 went down by 0.35% to close at 2696.45. The SP400 is up 5.86% for the past 5 days, up 2.43% for the past month, up 0.58% for the past 3 months and up 3.76% over the past year.

Leading stocks were Y up 24.80%, AA up 10.01% and X up 7.58%.

Trailing stocks were SYNA down 7.02%, AEO down 6.59% and TREX down 5.39%


The SmallCap SP600 is down by 0.67% to close at 1329.77. The SP600 is up 4.74% for the past 5 days, up 2.45% for the past month, up 0.37% for the past 3 months and down 0.45% over the past year.

Leading stocks were CENX up 11.12%, NBRWF up 10.10% and PBF up 9.96%.

Trailing stocks were ITOS down 11.08%, CPS down 9.25% and CHRS down 8.64%.


The CBOE VIX is down by 1.42% and closed at 23.53. The VIX is down 25.94% over five days, down 15.21% over one month, up 2.89% over three months and up 24.63% over one year.


On the New York stock exchange 1314 stocks advanced and 2010 declined, while on Nasdaq 1763 advanced and 2991 declined.

There were 118 new 52 week highs and 61 new 52 week lows on NYSE with 67 new highs and 126 new lows on NASDAQ.


The 2 year Treasury note yield is 2.124% and 10 year is 2.294%. The 10-year yield is up 14.6% over five days, up 35.0% over one month, up 83.3% three months ago, and up 66.7% one year ago.


SP500 Sector Performance % Change:

Energy +3.79

Materials +0.85

Utilities +0.68

Industrials +0.17

Consumer Staples +0.12

Health Care -0.12

Financials -0.13

Information Technology -0.18

Real Estate -0.52

Communication Services -0.66

Consumer Discretionary -0.76

Energy has been up 3.06% over five days, up 12.86% over one month, up 43.85% over three months and up 58.58% over one year.

Consumer Discretionary has been up 10.37% over five days, up 0.63% over one month, down 6.11% over three months and up 6.72% over one year.


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