It's The Economy Stupid: Market Close

Today just seemed to be part of the ebb and flow of the market.        

 

      Stocks declined as some prominent companies gave guidance of lower performance in future earnings.  The

Standard & Poor’s 500 Index fell from a record, as valuations reached an almost four-year high and forecasts at companies from Caterpillar Inc. to Broadcom Corp. disappointed investors.

      Today just seemed to be part of the ebb and flow of the market.  The S&P is up almost 4% for the month of October, over 23% for the year.  This is the heart of earnings season where U.S. corporations announce how much they have earned and give guidance on what they think they will earn going forward.

      Caterpillar dropped 6.6 percent after reducing its 2013 revenue and profit forecast as slumping metal demand decreases orders from mining companies. Broadcom, a maker of chips that connect mobile devices to the Internet, slipped 2.9 percent. Boeing Co. climbed 4.8 percent after boosting its full-year earnings estimate. Corning Inc. jumped 14 percent after approving a $2 billion buyback and agreeing to purchase full ownership of a Samsung Electronics Co. joint venture. 

     

Description	Ticker	Last	Change	% Chg Today	% Chg 1Year
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	15413.330	-54.3300	-0.3512	17.6363
S&P 500 Index	SPX Index	1746.380	-8.2900	-0.4725	23.5842
NASDAQ 100 Index	NDX Index	3346.050	-20.8790	-0.6201	25.5073
NASDAQ Composite Index	CCMP Index	3907.074	-22.4920	-0.5724	30.6511
Russell 3000 Index	RAY Index	1049.400	-5.2000	-0.4931	25.8756
Russell 1000 Index (Large Cap)	RIY Index	974.900	-4.8900	-0.4991	25.0481
Russell 2000 Index (Small Cap)	RTY Index	1110.930	-4.7000	-0.4213	36.1100
Wilshire 5000 Total Market	W5000 Index	18654.760	-92.4500	-0.4931	26.3084
TREASURIES	% Yield
3 Month Treasury	0.0355		0.0050	20.0000
6 Month Treasury	0.0710		0.0050	8.3333
2 Year Treasury	0.3068	99.891	-0.0313	-0.0313
5 Year Treasury	1.2766	100.469	0.0156	0.0156
10 Year Treasury	2.4926	100.063	0.1719	0.1721
30 Year Treasury	3.5871	100.688	0.3906	0.3895
ENERGY
Crude Oil, Brent Index	Brent Crude	107.560	-2.4100	-2.1915	5.3059
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	97.360	-2.9400	-2.9312	-9.9100
Natural Gas, Henry Hub Index	Nat Gas	3.619	0.0380	1.0612	-12.8582
PRECIOUS METALS
Spot Gold $/oz	GOLD	1333.540	-6.6100	-0.4932	-21.9079
Spot Silver $/oz	SILVER	22.573	-0.1305	-0.5748	-28.7606
CURRENCIES
Euro	EUR Curncy	0.726	0.0002	0.0276	-5.7525
Japanese Yen	JPY Curncy	97.380	-0.7700	-0.7845	-18.0016
British Pound	GBP Curncy	0.619	0.0027	0.4384	-1.3082
Swiss Franc	CHF Curncy	0.892	-0.0025	-0.2794	4.5052
Canadian Dollar	CAD Curncy	1.039	0.0099	0.9625	-4.4391
Chinese Renminbi	CNY Curncy	6.085	-0.0082	-0.1346	2.6838
FOREIGN INDICIES
FTSE 100 INDEX	UK	6674.480	-21.1800	-0.3163	15.1187
CAC 40 INDEX	FRANCE	4260.660	-34.7700	-0.8095	25.0744
DAX INDEX	GERMANY	8919.860	-27.6000	-0.3085	24.3413
NIKKEI 225 INDEX	JAPAN	14426.050	-287.2000	-1.9520	61.1075
HANG SENG INDEX	HONG KONG	22999.950	-316.0400	-1.3555	5.6799
SHANGHAI COMP INDEX	CHINA	2183.107	-27.5450	-1.2460	3.1719
	Last	Chg Today	% Chg Today	3 Mo Tot Ret	6 Mo Tot Ret	YTD Tot Ret
S&P 500 INDEX	1746.380	-8.290	-0.4725	3.7404	11.816	24.545
S&P 500 CONSUMER DISCRETION	493.390	-2.947	-0.5937	5.0937	16.071	32.674
S&P 500 CONSUMER STAPLES	431.830	0.540	0.1252	1.3023	2.459	22.435
S&P 500 ENERGY	623.600	-8.510	-1.3463	1.6572	11.755	19.065
S&P 500 FINANCIALS	279.440	-2.390	-0.8480	0.0581	13.578	28.110
S&P 500 HEALTH CARE	610.100	-0.910	-0.1489	4.5589	10.310	33.866
S&P 500 INDUSTRIALS	416.560	0.030	0.0072	6.4172	19.516	28.883
S&P 500 INFO TECHNOLOGY	536.750	-2.600	-0.4821	7.3009	15.219	17.302
S&P 500 MATERIALS	276.690	-1.800	-0.6463	8.6318	15.664	18.629
S&P 500 TELECOM SERVICES	158.230	-0.420	-0.2647	0.3392	-4.074	13.240
S&P 500 UTILITIES	197.560	0.060	0.0304	-0.5252	-2.808	14.613

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us