SWS Market Update - May 18, 2022
Wednesday saw a sharp decline for the major U.S. stock indexes, with the Dow Jones Industrial Average and the S&P 500 reporting their largest percentage declines since June 2020. Earnings reports from retailers such as Walmart and Target contributed to investors concerns about inflation as well as a possible recession.
The SP 500 went down by 4.04% to close at 3923.68. The Dow Jones Industrial Average fell 3.57% to close at 31490.07 and the Nasdaq Composite dropped 4.73% to close at 11418.15.
Building permits (SAAR) dropped in April from 1.88 million to 1.82 million as predicted by economists.
Housing starts (SAAR) reported a small decline in April from 1.73 million to 1.72 million.
The SP 500 went down by 4.04% to close at 3923.68. The index is down 0.29% over five days, down 12.01% over one month, down 12.32% over three months and down 4.67% over one year.
The trailing P/E is 20.48 compared to 37.04 one year ago and estimated future P/E 17.45. Dividend yield is currently 1.53 compared with 1.38 one year ago.
Leading stocks were TJX up 7.12%, AIZ up 1.31%, NRG up 1.24%, PGR up 0.64% and EA up 0.39%.
Trailing stocks were TGT down 24.93%, DLTR down 14.42%, ODFL down 12.97%, TSCO down 12.52% and COST down 12.45%.
The Dow Jones Industrial Average went down 3.57% to close at 31490.07. The DOW is down 1.08% over five days, down 10.44% over one month, down 9.86% over three months and down 7.10% over one year.
The trailing P/E is 17.91 compared with 28.99 year ago and an estimated future P/E of 16.93. The current dividend yield is 2.25% compared with 1.77 one year ago.
Leading stocks were VZ down 0.10%, AMGN down 0.57%, MRK down 0.97%, DOW down 1.51% and JPM down 1.71%.
Trailing stocks were WBA down 8.39%, KO down 6.96%, WMT down 6.79%, PG down 6.23% and AAPL down 5.64%.
The NASDAQ composite went down 4.73% and closed at 11418.15. NASDAQ is up 0.47% over five days, down 15.13% over one month, down 19.16% over 3 months and down 14.15% over one year.
Leading stocks were TRKA up 48.21%, MGTA up 32.20%, RIBT up 22.08%, SLRX up 20.62% and NDRA up 19.60%.
Trailing stocks were ENDP down 46.54%, BXRX down 31.53%, INVO down 29.45%, SXTC down 27.93%, and EOSE down 25.26%.
The MidCap SP400 went down by 3.77% to close at 2395.68. The SP400 is up 2.03% for the past 5 days, down 11.36% for the past month, down 11.35% for the past 3 months and down 10.37% over the past year.
Leading stocks were FLR up 3.02%, SIX up 2.40% and RUN up 1.96%.
Trailing stocks were BJ down 16.28%, DKS down 14.22% and WSM down 14.05%
The SmallCap SP600 is down by 3.18% to close at 1182.08. The SP600 is up 3.02% for the past 5 days, down 9.98% for the past month, down 11.10% for the past 3 months and down 11.36% over the past year.
Leading stocks were AGYS up 10.18%, INT up 6.68% and CMTL up 5.16%.
Trailing stocks were ENDP down 46.55%, TGI down 18.19% and SCVL down 16.49%.
The CBOE VIX is up by 18.62% and closed at 30.96. The VIX is down 4.91% over five days, up 52.36% over one month, up 27.46% over three months and up 39.59% over one year.
On the New York stock exchange 547 stocks advanced and 2768 declined, while on Nasdaq 1000 advanced and 3691 declined.
There were 24 new 52 week highs and 346 new 52 week lows on NYSE with 17 new highs and 355 new lows on NASDAQ.
The 2 year Treasury note yield is 2.682% and 10 year is 2.889%. The 10-year yield is up 3.7% over five days, down 2.2% over one month, up 92.5% three months ago, and up 126.5% one year ago.
SP500 Sector Performance % Change:
Health Care -2.60
Real Estate -2.95
Communication Services -3.41
Information Technology -4.74
Consumer Staples -6.38
Consumer Discretionary -6.60
Utilities has been up 0.24% over five days, down 7.02% over one month, up 7.91% over three months and up 9.77% over one year.
Consumer Discretionary has been down 1.50% over five days, down 22.19% over one month, down 23.94% over three months and down 17.14% over one year.
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