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SWS Market Update - May 6, 2022


Overview

U.S. stocks continued a losing streak by closing lower on Friday with the S&P 500 experiencing its worst weekly losing streak in almost eleven years. The benchmark index fell 0.6% on Friday to 4123.34 and was down 0.2% for the week, its fifth week of losses. The Nasdaq Composite dropped 1.40% to close at 12144.66 and lost 1.5% for the week. The Dow Jones Industrial Average slid down 0.30% to close at 32899.37 on Friday and was down 0.2% for the week.


Economic Reports

Nonfarm payrolls remained at 428,000 in April.


Unemployment rate stayed flat at 3.6% for the month of April.


Average hourly earnings dropped from 0.5% in March to 0.3% in April.


Labor force participation rate, 25-54 saw a slight decrease from 82.5% to 82.4%.


Consumer credit was at $52 billion in March, compared with $38 billion the month before.


Markets

The SP 500 went down by 0.57% to close at 4123.34. The index is down 0.21% over five days, down 8.13% over one month, down 8.38% over three months and down 2.58% over one year.

The trailing P/E is 22.58 compared to 37.89 one year ago and estimated future P/E 18.25. Dividend yield is currently 1.49 compared with 1.37 one year ago.

Leading stocks were NRG up 9.79%, EOG up 7.13%, HES up 7.01%, APA up 6.80% and MCK up 5.95%.

Trailing stocks were UA down 25.88%, UAA down 23.79%, DISH down 19.14%, ILMN down 14.63% and NWS down 13.68%.


The Dow Jones Industrial Average went down 0.30% to close at 32899.37. The DOW is down 0.24% over five days, down 5.25% over one month, down 6.24% over three months and down 5.40% over one year.

The trailing P/E is 18.70 compared with 30.01 year ago and an estimated future P/E of 17.39. The current dividend yield is 2.17% compared with 1.73 one year ago.

Leading stocks were CVX up 2.66%, IBM up 1.29%, PG up 1.00%, UNH up 0.99% and AMGN up 0.92%.

Trailing stocks were NKE down 3.49%, AXP down 2.26%, WMT down 2.08%, DIS down 2.06% and HD down 1.60%.


The NASDAQ composite went down 1.40% and closed at 12144.66. NASDAQ is down 1.54% over five days, down 11.42% over one month, down 13.86% over 3 months and down 11.69% over one year.

Leading stocks were SIDU up 51.78%, NVCT up 30.19%, BBIG up 28.02%, TRHC up 27.33% and FNKO up 26.91%.

Trailing stocks were DBGI down 54.73%, JYNT down 37.89%, CLVS down 32.56%, ENDP down 29.70%, and METX down 28.18%.


The MidCap SP400 went down by 1.34% to close at 2480.95. The SP400 is down 0.77% for the past 5 days, down 5.20% for the past month, down 5.42% for the past 3 months and down 10.44% over the past year.

Leading stocks were BRBR up 17.07%, UNM up 13.79% and RGA up 7.74%.

Trailing stocks were TRIP down 11.36%, CGNX down 10.93% and PRI down 10.62%


The SmallCap SP600 is down by 1.06% to close at 1208.75. The SP600 is down 0.49% for the past 5 days, down 5.04% for the past month, down 5.83% for the past 3 months and down 12.04% over the past year.

Leading stocks were BOOM up 19.30%, CVET up 10.52% and ATGE up 9.39%.

Trailing stocks were JYNT down 37.89%, ENDP down 29.70% and CMP down 18.26%.


The CBOE VIX is down by 3.24% and closed at 30.19. The VIX is down 9.61% over five days, up 42.67% over one month, up 30.02% over three months and up 80.89% over one year.


On the New York stock exchange 1006 stocks advanced and 2298 declined, while on Nasdaq 1182 advanced and 3544 declined.

There were 28 new 52 week highs and 616 new 52 week lows on NYSE with 24 new highs and 1114 new lows on NASDAQ.


The 2 year Treasury note yield is 2.676% and 10 year is 3.128%. The 10-year yield is up 19.4% over five days, up 46.9% over one month, up 121.5% three months ago, and up 155.1% one year ago.


SP500 Sector Performance % Change:

Energy +2.91

Utilities +0.80

Consumer Staples -0.04

Health Care -0.30

Industrials -0.65

Financials -0.72

Information Technology -0.79

Real Estate -1.02

Consumer Discretionary -1.31

Communication Services -1.31

Materials -1.37


Energy has been up 10.17% over five days, up 4.11% over one month, up 20.01% over three months and up 55.84% over one year.


Materials has been down 0.56% over five days, down 4.39% over one month, up 1.73% over three months and down 3.73% over one year.


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