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SWS Market Update - Stocks mixed on Monday, one day after highest inflation report in four-decades


The major U.S. stocks were mixed on Thursday, one day after reports that inflation had hit a four-decade high at 9.1% in June. The S&P 500 slipped down 0.30% to 3790.38 and the Dow Jones Industrial Average fell 0.46% to close at 30630.17. The Nasdaq Composite ticked up by 0.03% to close at 11251.19.


Economic Reports

Producer price index final demand (monthly) increased from 0.9% to 1.1% in June. Economists predicted it would drop to 0.8%.

Initial jobless claims also reported an increase for the week ending July 9, climbing from 235,000 to 244,000.

Continuing jobless claims for the week ending July 2 dropped from 1.37 million to 1.33 million.

Markets

The SP 500 went down by 0.30% to close at 3790.38. The index is down 2.88% over five days, up 3.37% over one month, down 13.71% over three months and down 13.07% over one year.

The trailing P/E is 21.07 compared to 37.70 one year ago and estimated future P/E 16.69. Dividend yield is currently 1.68 compared with 1.33 one year ago.

Leading stocks were QCOM up 4.62%, LVS up 4.09%, COST up 4.01%, NXPI up 3.10% and ON up 2.99%.

Trailing stocks were CZR down 7.21%, CAG down 6.99%, MRNA down 6.61%, CF down 5.70% and NEM down 5.48%.


The Dow Jones Industrial Average went down 0.46% to close at 30630.17. The DOW is down 2.40% over five days, up 2.35% over one month, down 11.09% over three months and down 12.45% over one year.

The trailing P/E is 17.60 compared with 26.56 year ago and an estimated future P/E of 16.60. The current dividend yield is 2.27% compared with 1.79 one year ago.

Leading stocks were BA up 2.27%, AAPL up 2.05%, WMT up 1.99%, IBM up 1.88% and INTL up 1.34%.

Trailing stocks were TRV down 4.11%, JPM down 3.51%, AXP down 2.80%, CAT down 2.30% and DOW down 2.21%.


The NASDAQ composite went up 0.03% and closed at 11251.19. NASDAQ is down 3.19% over five days, up 5.68% over one month, down 15.73% over 3 months and down 22.64% over one year.

Leading stocks were CLNN up 43.40%, CLVR up 36.00%, GOEV up 29.13%, SISI up 25.90% and NTRB up 24.31%.

Trailing stocks were CFRX down 83.11%, NYMX down 36.53%, USEA down 31.89%, KPRX down 30.37%, and ENVB down 27.63%.


The MidCap SP400 went down by 1.05% to close at 2260.03. The SP400 is down 2.92% for the past 5 days, up 2.69% for the past month, down 14.02% for the past 3 months and down 14.67% over the past year.


The SmallCap SP600 went down by 0.89% to close at 1113.73. The SP600 is down 2.86% for the past 5 days, up 2.41% for the past month, down 13.28% for the past 3 months and down 15.38% over the past year.


The CBOE VIX is down by 2.24% and closed at 26.22. The VIX is up 0.50% over five days, down 20.46% over one month, up 15.46% over three months and up 54.09% over one year.


On the New York stock exchange 860 stocks advanced and 2369 declined, while on Nasdaq 1442 advanced and 3070 declined.

There were 3 new 52 week highs and 379 new 52 week lows on NYSE with 17 new highs and 447 new lows on NASDAQ.


The 2 year Treasury note is 3.124% and the 10 year is 2.963%. The 10-year yield is down 3.9% over five days, down 23.8% over one month, up 13.5% three months ago, and up 166.4% one year ago.


SP500 Sector Performance % Change:

Information Technology +0.93

Consumer Staples +0.16

Utilities +0.01

Consumer Discretionary -0.06

Health Care -0.37

Industrials -0.58

Real Estate -1.00

Communication Services -1.05

Materials -1.89

Energy -1.90

Financials -1.92

Information Technology has been down 1.98% over five days, up 5.75% over one month, down 11.57% over three months and down 14.59% over one year.

Financials has been down 4.45% over five days, up 0.03% over one month, down 16.71% over three months and down 16.08% over one year.


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