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SWS Market Update - March 4, 2022


The major U.S. stock indexes closed lower after another choppy week. The Dow Jones Industrial average fell for the fourth week in a row, dropping 0.53% to close at 33794.66. The S&P 500 ticked down 0.79% to close at 4328.87 and the Nasdaq Composite went down 1.66% to close at 13313.44.



Economic Reports

Nonfarm payrolls went up from 481,000 to 678,000 in February, much higher than economists had predicted at 440,000.


Unemployment rate dropped from 4.0% to 3.8% in February.


Average hourly earnings were 0.0% in February.


Labor Force participation, prime working age was at 82.2% in February.


Markets

The SP 500 is down by 0.79% to close at 4328.87. The index is down 1.27% over five days, down 3.81% over one month, down 4.62% over three months and up 12.67% over one year.

The trailing P/E is 24.21 compared to 45.02 one year ago and estimated future P/E 19.25. Dividend yield is currently 1.42 compared with 1.49 one year ago.

Leading stocks were OXY up 17.59%, MOS up 7.49%, KR up 6.97%, BKR up 6.44% and CSX up 6.06%.

Trailing stocks were PVH down 11.57%, APTV down 9.41%, UAL down 9.07%, TPR down 8.42% and MU down 8.15%.


The Dow Jones Industrial Average went down 0.53% to close at 33794.66. The DOW is down 1.30% over five days, up 4.20% over one month, down 2.79% over three months and up 6.73% over one year.

The trailing P/E is 18.67 compared with 32.05 year ago and an estimated future P/E of 17.63. The current dividend yield is 2.08% compared with 1.88 one year ago.

Leading stocks were WMT up 2.53%, UNH up 2.48%, WBA up 2.14%, CVX up 1.56% and MRK up 0.88%.

Trailing stocks were BA down 4.24%, AXP up 3.86%, V down 3.35%, DIS down 3.33% and JPM down 2.81%.


The NASDAQ composite went down 1.66% and closed at 13313.44. NASDAQ is down 2.78% over five days, down 5.57% over one month, down 11.75% over 3 months and up 3.04% over one year.

Leading stocks were BCEL up 211.38%, IMPP up 53.64%, VEON up 52.09%, SEED up 35.21% and EJH up 34.90%.

Trailing stocks were CISO down 25.74%, CMBM down 24.66%, VIEW down 23.78%, DBVT down 23.43%, and ICLK down 23.14%.


The MidCap SP400 went down by 1.58% to close at 2615.47. The SP400 is down 1.73% for the past 5 days, down 0.29% for the past month, down 3.21% for the past 3 months and up 4.08% over the past year.

Leading stocks were AA up 9.37%, NOV up 7.51% and KBR up 7.37%.

Trailing stocks were CPRI down 15.31%, VSCO down 8.70% and DECK down 8.49%


The SmallCap SP600 is down by 1.36% to close at 1299.07. The SP600 is up 0.89% for the past 5 days, up 1.20% for the past month, down 3.19% for the past 3 months and down 0.23% over the past year.

Leading stocks were PBF up 16.62%, NBRWF up 16.62% and TRHC up 14.18%.

Trailing stocks were CUBI down 13.58%, ACLS down 10.86% and THRM down 10.05%.


The CBOE VIX is up by 4.92% and closed at 31.98. The VIX is up 15.91% over five days, up 37.73% over one month, up 4.27% over three months and up 29.68% over one year.


On the New York stock exchange 1072 stocks advanced and 2252 declined, while on Nasdaq 1251 advanced and 3416 declined.

There were 137 new 52 week highs and 275 new 52 week lows on NYSE with 64 new highs and 542 new lows on NASDAQ.


The 2 year Treasury note yield is 1.488% and 10 year is 1.732%. The 10-year yield is down 23.7% over five days, down 18.1% over one month, up 37.5% three months ago, and up 16.4% one year ago.


SP500 Sector Performance % Change:

Energy +2.85

Utilities +2.19

Real Estate +0.82

Health Care +0.49

Consumer Staples +0.14

Industrials -0.23

Materials -0.42

Communication Services -1.40

Consumer Discretionary -1.51

Information Technology -1.78

Financials -1.96

Energy has been up 9.26% over five days, up 8.44% over one month, up 37.21% over three months and up 43.70% over one year.

Financials has been down 4.87% over five days, down 7.31% over one month, down 2.15% over three months and up 10.57% over one year.



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