It's The Economy Stupid: Market Close

U.S. stocks fell and Treasuries rose as concerns grew about political wrangling over federal spending and the timing of potential central bank stimulus cuts.  Every major U.S. and European stock index was down today.  Emerging markets shares also dropped and gold retreated for the first time in three days.  That pretty well sums it up. 

 

Federal Reserve Bank of St. Louis President James Bullard said a small tapering of bond buying is possible next month after the Fed made a close call this week in deciding not to slow purchases. The Federal Open Market Committee said it wants more evidence of an economic recovery before paring its $85 billion-a-month bond-buying program. The U.S. House voted to finance the federal government through mid-December and choke off funding for President Barack Obama’s health-care law, setting up a showdown with the Senate and the White House.

 

Heavy volume today as the Dow Jones and S&P 500 indices rebalance on this date.  About a $4 Billion in stocks to buy and a $4 Billion in stocks to sell.

 

Description	Ticker	Last	Change	% Chg Today	% Chg 1Year
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	15457.690	-178.8600	-1.1439	13.8890
S&P 500 Index	SPX Index	1709.480	-12.8600	-0.7467	17.1037
NASDAQ 100 Index	NDX Index	3224.733	-12.8780	-0.3978	12.7184
NASDAQ Composite Index	CCMP Index	3774.728	-14.6560	-0.3868	18.8417
Russell 3000 Index	RAY Index	1025.070	-7.2000	-0.6975	19.0148
Russell 1000 Index (Large Cap)	RIY Index	953.270	-7.0800	-0.7372	18.4533
Russell 2000 Index (Small Cap)	RTY Index	1072.610	-2.6600	-0.2474	25.8893
Wilshire 5000 Total Market	W5000 Index	18214.240	-123.6900	-0.6745	19.3416
TREASURIES	% Yield
3 Month Treasury	0.0152		#N/A N/A	#N/A N/A
6 Month Treasury	0.0456		0.0100	33.3333
2 Year Treasury	0.3304	100.086	0.0078	0.0078
5 Year Treasury	1.4736	100.117	0.0625	0.0625
10 Year Treasury	2.7301	98.000	0.1719	0.1757
30 Year Treasury	3.7631	97.516	0.6719	0.6938
ENERGY
Crude Oil, Brent Index	Brent Crude	109.230	0.4700	0.4321	5.7389
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	106.710	-0.5300	-0.4942	-4.4000
Natural Gas, Henry Hub Index	Nat Gas	3.689	-0.0280	-0.7533	2.0476
PRECIOUS METALS
Spot Gold $/oz	GOLD	1326.950	-39.4000	-2.8836	-24.7343
Spot Silver $/oz	SILVER	21.773	-1.2995	-5.6324	-37.0580
CURRENCIES
Euro	EUR Curncy	0.740	0.0004	0.0541	-4.0851
Japanese Yen	JPY Curncy	99.350	-0.1000	-0.1006	-21.2323
British Pound	GBP Curncy	0.624	0.0006	0.0962	1.2324
Swiss Franc	CHF Curncy	0.911	0.0001	0.0110	2.4706
Canadian Dollar	CAD Curncy	1.030	0.0035	0.3410	-5.1553
Chinese Renminbi	CNY Curncy	6.121	-0.0013	-0.0212	3.0065
FOREIGN INDICIES
FTSE 100 INDEX	UK	6596.430	-28.9600	-0.4371	12.6701
CAC 40 INDEX	FRANCE	4203.660	-2.3800	-0.0566	19.7651
DAX INDEX	GERMANY	8675.730	-18.4500	-0.2122	17.4064
NIKKEI 225 INDEX	JAPAN	14742.420	-23.7600	-0.1609	61.8268
HANG SENG INDEX	HONG KONG	23502.510	385.0600	1.6657	14.1402
SHANGHAI COMP INDEX	CHINA	2191.851	6.2910	0.2878	5.9976
	Last	Chg Today	% Chg Today	3 Mo Tot Ret	6 Mo Tot Ret	YTD Tot Ret
S&P 500 INDEX	1709.480	-12.860	-0.7467	8.2414	10.879	21.768
S&P 500 CONSUMER DISCRETION	483.330	-3.176	-0.6529	11.3502	17.069	29.827
S&P 500 CONSUMER STAPLES	422.860	-3.030	-0.7115	5.8649	6.282	19.528
S&P 500 ENERGY	614.650	-4.770	-0.7701	7.3781	7.369	17.164
S&P 500 FINANCIALS	275.470	-1.480	-0.5344	7.3484	12.666	26.041
S&P 500 HEALTH CARE	597.450	-1.080	-0.1804	10.5170	15.986	30.913
S&P 500 INDUSTRIALS	405.260	-5.550	-1.3510	11.1104	13.347	25.396
S&P 500 INFO TECHNOLOGY	525.000	-3.580	-0.6773	6.9027	9.353	14.725
S&P 500 MATERIALS	269.040	-3.390	-1.2444	10.1393	8.668	15.137
S&P 500 TELECOM SERVICES	151.770	-2.180	-1.4160	-0.1996	-0.973	7.125
S&P 500 UTILITIES	191.010	-2.800	-1.4447	5.1433	0.029	10.673

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us