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SWS Market Update - March 23, 2022


U.S. stocks dropped on Wednesday as the price of oil continues to rise. The S&P 500 fell 1.23% to close at 4456.24. The Dow Jones Industrial average went down by 1.29% to 34358.50. The Nasdaq Composite ticked down 1.32% to 13922.60.


Economic Reports

New home sales (SAAR) saw a bit of a drop in February falling from 788,000 to 772,000. Economists had expected it to be at 805,000 for the month.


Markets

The SP 500 is down by 1.23% to close at 4456.24. The index is up 2.26% over five days, up 5.46% over one month, down 5.12% over three months and up 14.58% 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 HES up 4.57%, FANG up 3.85%, NEM up 3.77%, MRO up 3.69% and CF up 3.62%.

Trailing stocks were ADBE down 9.34%, RMD down 8.65%, SBNY down 6.60%, CNC down 5.85% and CRL down 5.63%.


The Dow Jones Industrial Average went down 1.29% to close at 34358.50. The DOW is up 0.87% over five days, up 3.70% over one month, down 3.90% over three months and up 5.98% over one year.

The trailing P/E is 19.08 compared with 33.91 year ago and an estimated future P/E of 18.00. The current dividend yield is 2.05% compared with 1.84 one year ago.

Leading stocks were CVX up 1.06%, AAPL up 0.82%, MRK up 0.53%, VZ down 0.06% and NKE down 0.06%.

Trailing stocks were HD down 3.88%, CRM down 3.26%, CSCO down 3.01%, AXP down 2.75% and BA down 2.63%.


The NASDAQ composite went down 1.32% and closed at 13922.60. NASDAQ is up 3.62% over five days, up 6.79% over one month, down 10.30% over 3 months and up 7.41% over one year.

Leading stocks were CELZ up 82.35%, XRTX up 43.80%, IMPP up 37.25%, MIRO up 35.92% and DFFN up 29.98%.

Trailing stocks were CDXS down 34.13%, ADTH down 26.06%, LLL down 23.01%, VICR down 20.30%, and AGFY down 20.00%.


The MidCap SP400 went down by 1.82% to close at 2664.37. The SP400 is up 0.24% for the past 5 days, up 4.35% for the past month, down 4.04% for the past 3 months and up 5.92% over the past year.

Leading stocks were GME up 13.83%, AA up 4.85% and PDCE up 4.05%.

Trailing stocks were CABO down 52.32%, VICR down 20.31% and WOR down 16.96%


The SmallCap SP600 is down by 1.83% to close at 1311.95. The SP600 is down 0.23% for the past 5 days, up 4.09% for the past month, down 4.86% for the past 3 months and up 3.56% over the past year.

Leading stocks were SWN up 8.08%, CENX up 7.63% and AIR up 7.51%.

Trailing stocks were WGO down 11.22%, LGIH down 9.35% and CUBI down 8.49%.


The CBOE VIX is up by 2.83% and closed at 23.59. The VIX is down 11.59% over five days, down 23.98% over one month, up 26.57% over three months and up 11.23% over one year.


On the New York stock exchange 1172 stocks advanced and 2138 declined, while on Nasdaq 1676 advanced and 3027 declined.

There were 82 new 52 week highs and 80 new 52 week lows on NYSE with 65 new highs and 114 new lows on NASDAQ.


The 2 year Treasury note yield is 2.109% and 10 year is 2.294%. The 10-year yield is up 4.38% over five days, up 14.74% over one month, up 57.51% three months ago, and up 41.71% one year ago.


SP500 Sector Performance % Change:

Energy +1.74

Utilities +0.17

Materials -0.39

Consumer Staples -0.89

Industrials -0.91

Real Estate -1.03

Consumer Discretionary -1.23

Communication Services -1.24

Information Technology -1.50

Health Care -1.77

Financials -1.84

Energy has been up 8.65% over five days, up 14.67% over one month, up 40.49% over three months and up 58.49% over one year.

Financials has been up 1.12% over five days, up 1.20% over one month, up 0.23% over three months and up 16.37% over one year.



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