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SWS Market Update: U.S. stocks drop after latest Consumer Price report


The U.S. stocks fell after reports showed that Inflation rose to 9.1% in June, the highest rate in four-decades. Consumer price inflation was 8.6% in May and the jump up to 9.1% in June was higher than economists had predicted.


The S&P 500 slipped 0.45% to close at 3801.78. The Dow Jones Industrial Average lost 0.67% to close at 30772.79 and the Nasdaq Composite went down 0.15% to close at

11247.58.


Economic Reports

Consumer price index (monthly) increased from 1.0% to 1.3% in June, higher than expected.


Core CPI (monthly) went up to 0.7% in June, compared with 0.6% previously.


CPI (year-over-year) climbed to 9.1% in June, up from 8.6% the month before.


Markets

The SP 500 went down by 0.45% to close at 3801.78. The index is down 1.13% over five days, up 0.31% over one month, down 14.50% over three months and down 13.09% 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 TWTR up 7.84%, MOS up 3.21%, CTRA up 3.04%, CLX up 2.58% and DPZ up 2.52%.

Trailing stocks were FAST down 6.44%, ODFL down 5.13%, DAL down 4.47%, GWW down 4.18% and ILMN down 3.62%.


The Dow Jones Industrial Average went down 0.67% to close at 30772.79. The DOW is down 0.85% over five days, up 0.34% over one month, down 10.97% over three months and down 11.91% 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 NKE up 1.30%, HD up 0.72%, PG up 0.66%, MCD up 0.47% and WMT up 0.24%.

Trailing stocks were UNH down 2.56%, BA down 2.17%, WBA down 1.92%, CRM down 1.71% and HON down 1.58%.


The NASDAQ composite went down 0.15% and closed at 11247.58. NASDAQ is down 1.01% over five days, up 1.34% over one month, down 17.56% over 3 months and down 23.20% over one year.

Leading stocks were QRTEA up 71.24%, LTRPB up 4.84%, XRTX up 48.36%, PETZ up 42.23% and NCNA up 41.40%.

Trailing stocks were HGEN down 2.38%, ATRA down 55.08%, AGTC down 0.46%, TXMD down 35.55%, and GFAI down 31.43%.


The MidCap SP400 went down by 0.25% to close at 2283.92. The SP400 is up 0.21% for the past 5 days, down 1.13% for the past month, down 13.61% for the past 3 months and down 14.02% over the past year.


The SmallCap SP600 went down by 0.29% to close at 1123.68. The SP600 is down 0.27% for the past 5 days, down 1.72% for the past month, down 13.10% for the past 3 months and down 15.08% over the past year.


The CBOE VIX is down by 1.72% and closed at 26.82. The VIX is up 0.34% over five days, down 9.45% over one month, up 22.91% over three months and up 64.24% over one year.


On the New York stock exchange 1392 stocks advanced and 1788 declined, while on Nasdaq 2162 advanced and 2345 declined.

There were 3 new 52 week highs and 211 new 52 week lows on NYSE with 23 new highs and 297 new lows on NASDAQ.


The 2 year Treasury note is 3.140% and the 10 year is 2.930%. The 10-year yield is down 0.5% over five days, down 35.9% over one month, up 23.2% three months ago, and up 158.5% one year ago.


SP500 Sector Performance % Change:

Consumer Discretionary +0.86

Consumer Staples +0.01

Energy -0.14

Information Technology -0.22

Utilities -0.44

Materials -0.55

Real Estate -0.55

Financials -0.93

Health Care -0.94

Communication Services -1.07

Industrials -1.20

Consumer Discretionary has been down 0.24% over five days, up 1.24% over one month, down 21.71% over three months and up 23.55% over one year.

Industrials has been down 1.47% over five days, down 2.75% over one month, down 14.05% over three months and up 16.14% over one year.



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