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SWS Market Update - U.S. stocks down as investors await interest rates


Anticipation is growing amongst investors as they wait for the Federal Reserve’s meeting to conclude and for the announcement of how much interest rates will be raised. U.S. stocks fell Tuesday as investors await this decision.


The SP 500 went down by 1.13% to close at 3855.93. The Dow Jones Industrial Average slipped 1.01% to close at 30706.23. The Nasdaq Composite dropped 0.95% to close at 11425.05.


Economic Reports

Building permits (SAAR) declined in August to 1.52 million, down from 1.69 million the month before.


Housing starts (SAAR) increased in August from 1.40 million to 1.58 million.


Markets

The SP 500 went down by 1.13% to close at 3855.93. The index is down 1.95% over five days, down 6.61% over one month, up 2.42% over three months and down 11.44% over one year.

The trailing P/E is 21.49 compared to 31.25 one year ago and estimated future P/E 17.48. Dividend yield is currently 1.66 compared with 1.32 one year ago.

Leading stocks were WYNN up 2.90%, VLO up 2.63%, EXPE up 2.09%, AZO up 1.62% and PSX up 1.57%.

Trailing stocks were F down 12.32%, IRM down 9.84%, GNRC down 6.99%, ETSY down 6.99% and WY down 5.96%.


The Dow Jones Industrial Average went down 1.01% to close at 30706.23. The DOW is down 1.28% over five days, down 6.70% over one month, up 0.58% over three months and down 9.47% over one year.

The trailing P/E is 18.08 compared with 23.06 year ago and an estimated future P/E of 16.64. The current dividend yield is 2.32% compared with 1.88 one year ago.

Leading stocks were AAPL up 1.57%, BA up 0.73%, MMM down 0.10%, UNH down 0.14% and KO down 0.15%.

Trailing stocks were NKE down 4.47%, CAT down 2.26%, HD down 2.23%, TRV down 2.03% and CRM down 1.98%.


The NASDAQ composite went down 0.95% and closed at 11425.05. NASDAQ is down 1.79% over five days, down 7.72% over one month, up 3.21% over 3 months and down 22.52% over one year.

Leading stocks were SOBR up 232.97%, PBTS up 60.62%, NRBO up 42.40%, VRAX up 41.30% and SAVA up 28.41%.

Trailing stocks were VIRI down 75.50%, PGY down 67.24%, IMTE down 46.07%, COSM down 39.14%, and SPPI down 37.46%.


The MidCap SP400 went down by 1.65% to close at 2369.65. The SP400 is down 2.45% for the past 5 days, down 6.03% for the past month, up 5.40% for the past 3 months and down 9.94% over the past year.


The SmallCap SP600 went down by 1.24% to close at 1142.29. The SP600 is down 1.72% for the past 5 days, down 7.76% for the past month, up 2.97% for the past 3 months and down 12.36% over the past year.


The CBOE VIX went up 5.43% and closed at 27.16. The VIX is down 0.40% over five days, up 12.65% over one month, down 10.04% over three months and up 11.49% over one year.


On the New York stock exchange 862 stocks advanced and 2349 declined, while on Nasdaq 1419 advanced and 3198 declined.

There were 13 new 52 week highs and 395 new 52 week lows on NYSE with 29 new highs and 565 new lows on NASDAQ.


The 2 year Treasury note is 3.971% and the 10 year is 3.564%. The 10-year yield is up 15.6% over five days, up 45.6% over one month, up 40.1% three months ago, and up 225.3% one year ago.


SP500 Sector Performance % Change:

Information Technology -0.51

Consumer Staples -0.53

Energy -0.64

Health Care -1.16

Industrials -1.24

Utilities -1.44

Financials -1.45

Communication Services -1.61

Consumer Discretionary -1.69

Materials -1.90

Real Estate -2.57

Information Technology has been down 2.11% over five days, down 10.06% over one month, up 1.30% over three months and down 15.66% over one year.

Real Estate has been down 6.25% over five days, down 9.34% over one month, down 1.36% over three months and down 15.66% over one year.


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