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SWS Market Update - U.S. stocks continue their decline Friday, despite a positive August jobs report

The Labor Department released their August data showing that the U.S. economy added 315,000 jobs. Despite the positive jobs report, the major benchmark indexes continued their decline on Friday.

The S&P 500 shed 1.1% to 3924.26, was down 3.3% for the week and has lost 8.3% over the last three weeks. The Dow Jones Industrial Average went down 1.1% to 31318.44 on Friday and was down 3% for the week. The Nasdaq Composite dropped 1.3% to close at 11630.86 and 4.2% for the week.

Economic Reports

Nonfarm payrolls was at 315,000 in August.

The unemployment rate reported a slight increase in August rising from 3.5% to 3.7%.

Average hourly earnings decreased to 0.3% in August, compared with 0.5% previously.

Labor-force participation rate, 25-54 years was 82.8% in August.

Factory orders went down from 1.8% to -1.0% in July.

Core capital equipment orders revision was 0.3% in July.


The SP 500 went down by 1.07% to close at 3924.26. The index is down 3.29% over five days, down 5.33% over one month, down 4.49% over three months and down 13.48% over one year.

The trailing P/E is 21.53 compared to 31.70 one year ago and estimated future P/E 17.52. Dividend yield is currently 1.68 compared with 1.29 one year ago.

Leading stocks were CF up 4.34%, HES up 3.83%, MOS up 3.79%, HAL up 3.70% and SLB up 3.31%.

Trailing stocks were DISH down 4.49%, GNRC down 4.13%, ZBRA down 3.92%, J down 3.69% and EQIX down 3.39%.

The Dow Jones Industrial Average went down 1.07% to close at 31318.44. The DOW is down 2.99% over five days, down 4.53% over one month, down 4.81% over three months and down 11.45% over one year.

The trailing P/E is 18.44 compared with 24.04 year ago and an estimated future P/E of 16.73. The current dividend yield is 2.26% compared with 1.80 one year ago.

Leading stocks were CVX up 1.49%, CRM up 0.10%, WBA up 0.03%, TRV down 0.37% and NKE down 0.42%.

Trailing stocks were MMM down 3.17%, HON down 2.01%, PG down 1.78%, INTL down 1.70% and MSFT down 1.67%.

The NASDAQ composite went down 1.31% and closed at 11630.86. NASDAQ is down 4.21% over five days, down 8.11% over one month, down 3.18% over 3 months and down 24.30% over one year.

Leading stocks were VERO up 54.87%, PXMD up 47.71%, SNRS up 31.46%, AHI up 29.90% and WHLR up 26.79%.

Trailing stocks were PYPD down 73.47%, SHPH down 71.56%, ATXG down 68.03%, PIXY down 33.92%, and HPCO down 32.46%.

The MidCap SP400 went down by 0.75% to close at 2393.10. The SP400 is down 4.29% for the past 5 days, down 4.44% for the past month, down 5.08% for the past 3 months and down 13.31% over the past year.

The SmallCap SP600 went down by 0.65% to close at 1161.88. The SP600 is down 5.19% for the past 5 days, down 6.25% for the past month, down 6.56% for the past 3 months and down 15.17% over the past year.

The CBOE VIX went down 0.35% and closed at 25.47. The VIX is down 0.35% over five days, up 20.43% over one month, up 2.74% over three months and up 55.21% over one year.

On the New York stock exchange 1340 stocks advanced and 1829 declined, while on Nasdaq 1697 advanced and 2868 declined.

There were 18 new 52 week highs and 100 new 52 week lows on NYSE with 42 new highs and 219 new lows on NASDAQ.

The 2 year Treasury note is 3.532% and the 10 year is 3.269%. The 10-year yield is up 16.5% over five days, up 51.1% over one month, up 22.0% three months ago, and up 194.3% one year ago.

SP500 Sector Performance % Change:

Energy +1.81

Materials -0.09

Financials -0.83

Consumer Discretionary -0.84

Industrials -0.99

Utilities -1.07

Information Technology -1.29

Consumer Staples -1.39

Health Care -1.44

Real Estate -1.68

Communication Services -1.86

Energy has been down 3.31% over five days, up 9.08% over one month, down 10.10% over three months and up 67.24% over one year.

Communication Services has been down 2.37% over five days, down 6.09% over one month, down 8.75% over three months and down 70.49% over one year.

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