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SWS Market Update: U.S. stocks climbed on Thursday after earnings reports


After the release of earnings reports from major companies that were better-than-expected, U.S. stocks closed with gains on Thursday. The S&P 500 went up by 0.99% to close at 3998.95. The Dow Jones Industrial Average gained 0.51% to close at 32036.90 and the Nasdaq Composite climbed 1.36% to close at 12059.61.


Economic Reports

Initial jobless claims for the week ending July 16 increased from 244,000 to 251,000.


Continuing jobless claims for the week ending July 9 climbed from 1.33 million to 1.38 million.


Fed manufacturing index fell in July from -3.3 to -12.3, much lower than economists had predicted it to be at 1.6.


Leading economic indicators had a slight drop in June from -0.6% to -0.8%.


Markets

The SP 500 went up by 0.99% to close at 3998.95. The index is up 5.50% over five days, up 5.35% over one month, down 8.98% over three months and down 8.44% over one year.

The trailing P/E is 20.57 compared to 36.60 one year ago and estimated future P/E 16.43. Dividend yield is currently 1.68 compared with 1.35 one year ago.

Leading stocks were TSLA up 9.78%, NUE up 9.27%, DHR up 9.20%, BIO up 7.57% and BBWI up 6.91%.

Trailing stocks were CCL down 11.18%, UAL down 10.17%, POOL down 10.13%, DFS down 8.83% and RCL down 8.37%.


The Dow Jones Industrial Average went up 0.51% to close at 32036.90. The DOW is up 4.59% over five days, up 4.43% over one month, down 7.92% over three months and down 8.00% over one year.

The trailing P/E is 18.79 compared with 26.15 year ago and an estimated future P/E of 16.30. The current dividend yield is 2.20% compared with 1.83 one year ago.

Leading stocks were BA up 1.94%, GS up 1.63%, CRM up 1.62%, AAPL up 1.51% and WMT up 1.45%.

Trailing stocks were VZ down 2.89%, DOW down 2.15%, IBM down 1.63%, WBA down 1.18% and CVX down 0.78%.


The NASDAQ composite went up 1.36% and closed at 12059.61. NASDAQ is up 7.19% over five days, up 7.37% over one month, down 8.46% over 3 months and down 17.88% over one year.

Leading stocks were ADXN up 110.40%, ONEM up 69.45%, TRHC up 56.54%, TUEM up 42.83% and TBLT up 36.52%.

Trailing stocks were LMDX down 36.97%, NLSP down 31.08%, FFIE down 26.51%, PRPH down 24.71%, and Biote Corp down 23.08%.


The MidCap SP400 went up by 0.76% to close at 2417.83. The SP400 is up 6.98% for the past 5 days, up 7.25% for the past month, down 8.89% for the past 3 months and down 8.75% over the past year.


The SmallCap SP600 went up by 0.28% to close at 1196.51. The SP600 is up 7.43% for the past 5 days, up 7.05% for the past month, down 7.42% for the past 3 months and down 8.60% over the past year.


The CBOE VIX is down by 3.81% and closed at 22.98. The VIX is down 12.95% over five days, down 20.86% over one month, up 1.37% over three months and up 29.96% over one year.


On the New York stock exchange 1984 stocks advanced and 1217 declined, while on Nasdaq 2727 advanced and 1798 declined.

There were 12 new 52 week highs and 42 new 52 week lows on NYSE with 34 new highs and 78 new lows on NASDAQ.


The 2 year Treasury note is 3.091% and the 10 year is 2.889%. The 10-year yield is down 2.58% over five days, down 6.54% over one month, down 0.79% three months ago, and up 125.59% one year ago.


SP500 Sector Performance % Change:

Consumer Discretionary +2.25

Health Care +1.51

Information Technology +1.41

Materials +1.40

Real Estate +1.01

Industrial +0.68

Financials +0.64

Consumer Staples +0.36

Utilities +0.29

Communication Services -0.21

Energy -1.69

Consumer Discretionary has been up 9.33% over five days, up 9.96% over one month, down 13.61% over three months and down 16.52% over one year.


Energy has been up 6.44% over five days, up 1.65% over one month, down 7.86% over three months and up 48.50% over one year.


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