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SWS Market Update - March 9, 2022


U.S. stocks rebounded on Wednesday with the S&P 500 having its biggest one-day percentage gain since 2020, gaining 2.57% and closing at 4277.89. The Nasdaq Composite went up 3.59% to close at 13255.55 and the Dow Jones Industrial Average went up 2.00% to close at 33286.25.


Economic Reports

Job openings saw a slight drop in January going from 11.5 million to 11.3 million.


Quits report for January was 4.3 million, compared with 4.4 million the month before.


Markets

The SP 500 is up by 2.57% to close at 4277.89. The index is down 2.48% over five days, down 6.74% over one month, down 9.00% over three months and up 9.72% 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 MTCH up 12.81%, TPR up 10.64%, CZR up 10.46%, MRNA up 10.22% and CCL up 8.75%.

Trailing stocks were PSX down 5.89%, XOM down 5.68%, SLB down 5.57%, HAL down 5.25% and VLO down 3.76%.


The Dow Jones Industrial Average went up 2.00% to close at 33286.25. The DOW is down 1.79% over five days, down 6.94% over one month, down 6.90% over three months and up 3.06% over one year.

The trailing P/E is 18.48 compared with 32.86 year ago and an estimated future P/E of 17.63. The current dividend yield is 2.11% compared with 1.84 one year ago.

Leading stocks were CRM up 5.71%, AXP up 5.36%, NKE up 4.74%, MSFT up 4.59% and V up 4.15%.

Trailing stocks were CVX down 2.50%, VZ down 0.32%, MCD down 0.17%, CAT down 0.15% and AMGN up 0.16%.


The NASDAQ composite went up 3.59% and closed at 13255.55. NASDAQ is down 3.61% over five days, down 8.52% over one month, down 16.03% over 3 months and down 1.43% over one year.

Leading stocks were SBFM up 150.00%, DRCT up 107.50%, REVB up 83.82%, SNTG up 47.27% and ASTS up 44.89%.

Trailing stocks were HYMC down 37.00%, NTRA down 32.79%, CYRN down 31.89%, USWS down 27.08%, and DRTS down 23.34%.


The MidCap SP400 went up by 2.81% to close at 2597.11. The SP400 is down 3.08% for the past 5 days, down 4.57% for the past month, down 7.84% for the past 3 months and up 0.55% over the past year.

Leading stocks were XPO up 13.14%, ADNT up 11.44% and CAR up 10.98%.

Trailing stocks were OGS down 5.22%, NOV down 3.69% and AA down 3.47%


The SmallCap SP600 is up by 2.11% to close at 1301.23. The SP600 is down 1.90% for the past 5 days, down 1.60% for the past month, down 7.09% for the past 3 months and down 4.81% over the past year.

Leading stocks were EBIX up 25.50%, FOSL up 11.14% and VVI up 12.17%.

Trailing stocks were ANIK down 13.66%, CVGW down 9.98% and OII down 7.51%.


The CBOE VIX is down by 7.77% and closed at 32.40. The VIX is up 5.30% over five days, up 62.17% over one month, up 62.66% over three months and up 43.48% over one year.


On the New York stock exchange 2498 stocks advanced and 833 declined, while on Nasdaq 3680 advanced and 1016 declined.

There were 18 new 52 week highs and 97 new 52 week lows on NYSE with 39 new highs and 167 new lows on NASDAQ.


The 2 year Treasury note yield is 1.678% and 10 year is 1.932%. The 10-year yield is up 3.19% over five days, down 0.49% over one month, up 30.79% three months ago, and up 27.65% one year ago.


SP500 Sector Performance % Change:

Information Technology +3.98

Financials +3.61

Communication Services +3.45

Materials +3.01

Consumer Discretionary +2.93

Health Care +1.90

Industrials +1.81

Real Estate +1.47

Consumer Staples +0.66

Utilities -0.78

Energy -3.18

Information Technology has been down 3.29% over five days, down 9.19% over one month, down 13.93% over three months and up 15.12% over one year.

Energy has been up 2.83% over five days, up 8.48% over one month, up 31.73% over three months and up 42.10% over one year.



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