Wally World drops an order or two and the market drops.
U.S. stocks were poised for the longest slump of the year as Wal-Mart Stores Inc. told suppliers it was cutting orders, fueling concern that consumer spending is slowing. (Apparently investors in the stock market have more faith in Wal-Mart than they do in government economic reports) Oil slid for a fifth day, while Treasuries rose as investors watched budget negotiations in Washington. The Standard & Poor’s 500 Index lost 0.3 percent to 1,692.77 at 4 p.m. in New York for a fifth straight decline, while the Stoxx Europe 600 Index closed little changed. Oil sank to the lowest level since July after an unexpected increase in U.S. inventories. Benchmark 10-year Treasury yields fell 3.6 basis point to 2.62 percent, the lowest level in six weeks. The Bloomberg U.S. Dollar Index slipped 0.2 percent while the euro and yen strengthened against most major peers.
The U.S. Congress hasn’t passed a budget for the 2014 fiscal year (not new news), which starts next week. The House and Senate are at odds over using the measure to stop funding for the 2010 health-care overhaul known as Obamacare, and the lack of an agreement may lead to a government shutdown on Oct. 1. Stocks swung between gains and losses for most of the session before benchmark indexes turned lower after Bloomberg News reported that Wal-Mart was cutting orders for this quarter and next.
Ticker | Last | Change | % Chg Today | % Chg 1Year | | |
STOCK MARKETS | | | | | | |
Dow Jones Industrial Average | INDU Index | 15273.260 | -61.3300 | -0.3999 | 13.5480 | |
S&P 500 Index | SPX Index | 1692.770 | -4.6500 | -0.2739 | 17.6035 | |
NASDAQ 100 Index | NDX Index | 3208.549 | -10.1090 | -0.3141 | 14.4261 | |
NASDAQ Composite Index | CCMP Index | 3761.099 | -7.1550 | -0.1899 | 20.6818 | |
Russell 3000 Index | RAY Index | 1016.830 | -2.1400 | -0.2100 | 19.7500 | |
Russell 1000 Index (Large Cap) | RIY Index | 944.860 | -2.0800 | -0.2197 | 19.0701 | |
Russell 2000 Index (Small Cap) | RTY Index | 1073.510 | -1.1700 | -0.1089 | 28.0663 | |
Wilshire 5000 Total Market | W5000 Index | 18068.190 | -36.5900 | -0.2021 | 20.1160 | |
TREASURIES | % Yield | | | | | |
3 Month Treasury | 0.0203 | | -0.0050 | -25.0000 | | |
6 Month Treasury | 0.0456 | | -0.0050 | -11.1111 | | |
2 Year Treasury | 0.3363 | 99.828 | 0.0156 | 0.0157 | | |
5 Year Treasury | 1.3831 | 100.539 | 0.1875 | 0.1868 | | |
10 Year Treasury | 2.6153 | 98.953 | 0.2969 | 0.3009 | | |
30 Year Treasury | 3.6533 | 99.328 | 0.1406 | 0.1418 | | |
ENERGY | | | | | | |
Crude Oil, Brent Index | Brent Crude | 107.950 | -0.6900 | -0.6351 | 3.9472 | |
Crude Oil, Louisiana Lt. Sweet | LA Lt Sweet | 104.760 | 0.5400 | 0.5181 | -6.7100 | |
Natural Gas, Henry Hub Index | Nat Gas | 3.501 | 0.0090 | 0.2577 | -6.0118 | |
PRECIOUS METALS | | | | | | |
Spot Gold $/oz | GOLD | 1333.170 | 9.8200 | 0.7421 | -24.2126 | |
Spot Silver $/oz | SILVER | 21.785 | 0.0795 | 0.3663 | -35.3614 | |
CURRENCIES | | | | | | |
Euro | EUR Curncy | 0.739 | -0.0030 | -0.4042 | -4.6440 | |
Japanese Yen | JPY Curncy | 98.450 | -0.3000 | -0.3038 | -20.9751 | |
British Pound | GBP Curncy | 0.622 | -0.0030 | -0.4802 | 0.6476 | |
Swiss Franc | CHF Curncy | 0.909 | -0.0034 | -0.3725 | 3.1240 | |
Canadian Dollar | CAD Curncy | 1.032 | 0.0015 | 0.1456 | -4.9064 | |
Chinese Renminbi | CNY Curncy | 6.121 | -0.0008 | -0.0131 | 3.0388 | |
FOREIGN INDICIES | | | | | | |
FTSE 100 INDEX | UK | 6551.530 | -19.9300 | -0.3033 | 11.8064 | |
CAC 40 INDEX | FRANCE | 4195.350 | -0.2600 | -0.0062 | 19.3960 | |
DAX INDEX | GERMANY | 8665.630 | 1.0300 | 0.0119 | 16.7071 | |
NIKKEI 225 INDEX | JAPAN | 14620.530 | -112.0800 | -0.7608 | 64.1521 | |
HANG SENG INDEX | HONG KONG | 23209.630 | 30.5900 | 0.1320 | 13.0648 | |
SHANGHAI COMP INDEX | CHINA | 2198.515 | -9.0160 | -0.4084 | 9.6969 | |
| Last | Chg Today | % Chg Today | 3 Mo Tot Ret | 6 Mo Tot Ret | YTD Tot Ret |
S&P 500 INDEX | 1692.770 | -4.650 | -0.2739 | 7.3279 | 10.439 | 20.741 |
S&P 500 CONSUMER DISCRETION | 477.940 | -2.490 | -0.5182 | 10.0148 | 15.689 | 28.502 |
S&P 500 CONSUMER STAPLES | 415.050 | -3.120 | -0.7461 | 2.8291 | 3.804 | 17.380 |
S&P 500 ENERGY | 611.450 | -0.310 | -0.0507 | 7.0853 | 7.050 | 16.713 |
S&P 500 FINANCIALS | 271.320 | 1.430 | 0.5298 | 5.6188 | 12.017 | 24.242 |
S&P 500 HEALTH CARE | 585.390 | -4.800 | -0.8133 | 7.8114 | 13.897 | 28.378 |
S&P 500 INDUSTRIALS | 404.310 | -1.590 | -0.3917 | 11.4332 | 14.244 | 25.050 |
S&P 500 INFO TECHNOLOGY | 523.710 | -1.350 | -0.2571 | 8.1401 | 10.094 | 14.388 |
S&P 500 MATERIALS | 267.680 | 0.600 | 0.2247 | 11.0320 | 10.674 | 14.592 |
S&P 500 TELECOM SERVICES | 150.300 | -0.390 | -0.2588 | -2.9057 | -2.328 | 6.368 |
S&P 500 UTILITIES | 191.620 | -1.410 | -0.7305 | 2.9933 | 1.019 | 11.159 |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
225-342-0013
jbroussard@treasury.state.la.us
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