It's The Economy Stupid: Market Close

The Fed’s  Open Market Committee released its statement today at the conclusion of its two day meetings.  It left interest rates unchanged and appeared to leave its options open when it comes to tapering its massive securities purchasing program.  In other words, they did nothing.

 

Stock market participants apparently realized that today’s economic releases confirm what has been long suspected, we have limited job growth, limited inflation, and limited economic growth.   Perhaps they got philosophical and asked themselves “Can the stock market continue to grow at 25% annually?”  Not to worry, this won’t last long.  Market participants are capitalists, not philosophers.  All that is my way of saying that the stock market was down today. 

 

Description	Ticker	Last	Change	% Chg Today	% Chg 1Year
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	15618.760	-61.5900	-0.3928	19.2412
S&P 500 Index	SPX Index	1763.310	-8.6400	-0.4876	24.9040
NASDAQ 100 Index	NDX Index	3385.378	-6.3690	-0.1878	27.0347
NASDAQ Composite Index	CCMP Index	3930.620	-21.7180	-0.5495	31.6189
Russell 3000 Index	RAY Index	1057.020	-6.2700	-0.5897	27.0492
Russell 1000 Index (Large Cap)	RIY Index	983.030	-5.1200	-0.5181	26.3180
Russell 2000 Index (Small Cap)	RTY Index	1105.500	-15.5700	-1.3889	36.1180
Wilshire 5000 Total Market	W5000 Index	18781.670	-113.9000	-0.6028	27.3874
TREASURIES	% Yield
3 Month Treasury	0.0406		0.0000	0.0000
6 Month Treasury	0.0862		0.0050	6.6667
2 Year Treasury	0.3088	99.883	0.0078	0.0078
5 Year Treasury	1.2969	99.703	-0.1289	-0.1291
10 Year Treasury	2.5197	99.711	-0.2578	-0.2579
30 Year Treasury	3.6308	99.734	-0.4844	-0.4833
ENERGY
Crude Oil, Brent Index	Brent Crude	109.900	0.8900	0.8164	7.4107
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	98.970	-1.3800	-1.3752	-7.7200
Natural Gas, Henry Hub Index	Nat Gas	3.627	-0.0020	-0.0551	-14.5917
PRECIOUS METALS
Spot Gold $/oz	GOLD	1344.600	-0.4500	-0.0335	-21.3763
Spot Silver $/oz	SILVER	22.738	0.2050	0.9098	-28.4568
CURRENCIES
Euro	EUR Curncy	0.728	0.0004	0.0550	-5.6247
Japanese Yen	JPY Curncy	98.550	0.3600	0.3666	-19.2312
British Pound	GBP Curncy	0.623	0.0002	0.0321	0.2411
Swiss Franc	CHF Curncy	0.899	0.0000	0.0000	3.6806
Canadian Dollar	CAD Curncy	1.048	0.0011	0.1051	-4.6192
Chinese Renminbi	CNY Curncy	6.094	0.0039	0.0640	2.3771
FOREIGN INDICIES
FTSE 100 INDEX	UK	6777.700	2.9700	0.0438	15.8601
CAC 40 INDEX	FRANCE	4274.110	-3.9800	-0.0930	23.5492
DAX INDEX	GERMANY	9010.270	-11.7700	-0.1305	23.6927
NIKKEI 225 INDEX	JAPAN	14502.350	176.3700	1.2311	62.4314
HANG SENG INDEX	HONG KONG	23304.020	457.4800	2.0024	7.6805
SHANGHAI COMP INDEX	CHINA	2160.463	31.5990	1.4843	4.4267
	Last	Chg Today	% Chg Today	3 Mo Tot Ret	6 Mo Tot Ret	YTD Tot Ret
S&P 500 INDEX	1763.310	-8.640	-0.4876	5.1639	11.580	25.790
S&P 500 CONSUMER DISCRETION	501.260	-2.349	-0.4664	7.5552	16.773	34.890
S&P 500 CONSUMER STAPLES	437.760	-3.530	-0.7999	3.4876	5.195	24.260
S&P 500 ENERGY	630.890	-3.970	-0.6253	4.7599	10.291	20.469
S&P 500 FINANCIALS	279.980	-1.270	-0.4516	2.1001	12.215	28.517
S&P 500 HEALTH CARE	613.350	-3.290	-0.5335	4.4146	12.968	34.623
S&P 500 INDUSTRIALS	421.020	-1.690	-0.3998	8.5791	18.682	30.327
S&P 500 INFO TECHNOLOGY	544.610	-1.320	-0.2418	7.2309	12.870	19.128
S&P 500 MATERIALS	276.440	-1.630	-0.5862	8.7316	12.456	18.633
S&P 500 TELECOM SERVICES	160.400	-0.810	-0.5025	2.5922	-1.955	14.800
S&P 500 UTILITIES	197.830	-1.310	-0.6578	-0.4849	-4.082	14.854

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us