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SWS Market Update - May 9, 2022


The major U.S. stock indexes continued to fall on Monday, finishing the day at their lowest levels thus far in 2022. Concerns about inflation and changes to monetary policy by the Federal reserve are still at the forefront of investors’ minds, contributing to the uncertainty of the markets.


The SP 500 went down by 3.20% to close at 3991.24. The Dow Jones Industrial Average dropped 1.99% to close at 32245.70 and the tech-heavy Nasdaq Composite fell 4.29% to close at 11623.25.


Economic Reports

Wholesale inventories (revision) was 2.3% in March, as was predicted by economists.


Consumer 1-year inflation expectations dropped in April from 6.6% to 6.3%.

Consumer 3-year inflation expectations increased from 3.7% to 3.9% in April.


Markets

The SP 500 went down by 3.20% to close at 3991.24. The index is down 3.95% over five days, down 9.55% over one month, down 10.99% over three months and down 4.71% 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 NWL up 7.92%, VTRS up 5.33%, NWS up 4.02%, SWK up 3.78% and CPB up 3.45%.

Trailing stocks were APA down 14.92%, MRO down 13.89%, NCLH down 12.81%, MOS down 12.77% and RCL down 12.13%.


The Dow Jones Industrial Average went down 1.99% to close at 32245.70. The DOW is down 2.47% over five days, down 6.01% over one month, down 8.11% over three months and down 7.19% 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 MMM up 1.86%, WMT up 1.21%, AMGN up 1.16%, VZ up 1.12% and HD up 1.01%.

Trailing stocks were BA down 10.48%, CVX down 6.63%, V down 4.80%, CAT down 3.89% and MSFT down 3.69%.


The NASDAQ composite went down 4.29% and closed at 11623.25. NASDAQ is down 7.28% over five days, down 13.34% over one month, down 17.07% over 3 months and down 13.27% over one year.

Leading stocks were HMTV up 78.78%, BWV up 44.15%, PCOM up 42.46%, SREV up 41.67% and LOGC up 34.35%.

Trailing stocks were AKAN down 74.56%, RENO down 40.76%, TXMD down 36.86%, CRGE down 31.81%, and MREO down 31.30%.


The MidCap SP400 went down by 3.39% to close at 2396.94. The SP400 is down 4.70% for the past 5 days, down 8.01% for the past month, down 8.61% for the past 3 months and down 12.43% over the past year.

Leading stocks were ENR up 11.91%, HAIN up 6.30% and SFM up 4.01%.

Trailing stocks were GME down 13.28%, SITM down 13.44% and WOLF down 13.34%


The SmallCap SP600 is down by 2.84% to close at 1174.41. The SP600 is down 4.01% for the past 5 days, down 7.16% for the past month, down 8.59% for the past 3 months and down 12.65% over the past year.

Leading stocks were THS up 14.37%, BIG up 10.49% and BCC up 7.52%.

Trailing stocks were NBR down 18.64%, CELH down 17.56% and ENDP down 14.79%.


The CBOE VIX is up by 14.97% and closed at 34.71. The VIX is up 7.17% over five days, up 42.18% over one month, up 51.57% over three months and up 76.25% over one year.


On the New York stock exchange 407 stocks advanced and 3033 declined, while on Nasdaq 757 advanced and 4177 declined.

There were 12 new 52 week highs and 1063 new 52 week lows on NYSE with 23 new highs and 1710 new lows on NASDAQ.


The 2 year Treasury note yield is 2.610% and 10 year is 3.039%. The 10-year yield is up 7.3% over five days, up 26.5% over one month, up 107.8% three months ago, and up 142.3% one year ago.


SP500 Sector Performance % Change:

Consumer Staples +0.05

Utilities -0.77

Industrials -2.41

Communication Services -2.44

Financials -2.46

Health Care -2.57

Materials -3.24

Information Technology -3.94

Consumer Discretionary -4.26

Real Estate -4.62

Energy -8.30


Consumer Staples was at 0.00% over five days, down 2.36% over one month, up 0.94% over three months and up 9.51% over one year.


Energy has been down 0.34% over five days, down 1.47% over one month, up 8.63% over three months and up 42.98% over one year.


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