Werup! We’re up! We are up! Stocks have risen from the dead!
The S&P 500 Index rose following its first three-day slump since September, as gasoline and oil rallied while gold and silver slid. Emerging market stocks fell as a gauge of Chinese manufacturing missed estimates and the Federal Reserve said it may reduce stimulus.
The S&P 500 added 0.8 percent to 1,795.85 after losing 0.9 percent in the previous three sessions. The MSCI Emerging Markets Index sank 1.4 percent and Brazil’s real lost 1.4 percent versus the dollar, leading emerging market currencies lower. Ten-year Treasury yields
reversed after rising to the highest since September. Oil climbed the most in seven weeks and gasoline rose to a two-month high, while gold futures reached the lowest price since July.
The S&P 500 fell the past three days after reaching its latest record Nov. 15. The benchmark index is up more than 25 percent in 2013, poised for its best yearly gain in a decade, and traded at 17 times its companies’ reported earnings at the last record, the highest valuation in more than three years.
About three stocks fell for each that gained in MSCI’s emerging-markets gauge. Markets in Asia and Europe were closed
when the Fed’s minutes were released yesterday. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong fell 0.9 percent on fears of a manufacturing slowdown in China.
Three shares declined for every two that advanced in the Stoxx Europe 600 Index, sending the regional benchmark down 0.2
percent amid trading volumes that were 21 percent less than the 30-day average, according to data compiled by Bloomberg.
Japan’s currency slid against 14 of its 16 major counterparts, losing 1.3 percent versus the euro. The yen weakened past 101 per dollar for the first time since July after the Bank of Japan stuck to its pledge to expand the nation’s monetary base. The Bloomberg U.S. Dollar Index rose 0.2 percent, advancing for a second day.
European Central Bank President Mario Draghi said policy makers haven’t changed their mind on a negative deposit rate. The Euro weakened 0.7 percent versus the dollar yesterday after the ECB was said to weigh a negative deposit rate to ward off deflation. The shared Euro currency rebounded today, rising 0.2 percent to $1.3467, as Draghi said “don’t try to infer anything from what I say, anything about the possibility of negative rates.”
Sure, yeah, right. Super Mario: “Do as I say, Not as I do”
Ticker | Last | Change | % Chg Today | % Chg 1Year | | |
STOCK MARKETS | | | | | | |
Dow Jones Industrial Average | INDU Index | 16009.990 | 109.1700 | 0.6866 | 24.7186 | |
S&P 500 Index | SPX Index | 1795.850 | 14.4800 | 0.8129 | 29.0763 | |
NASDAQ 100 Index | NDX Index | 3402.735 | 35.5680 | 1.0563 | 30.8504 | |
NASDAQ Composite Index | CCMP Index | 3969.155 | 47.8850 | 1.2212 | 35.6256 | |
Russell 3000 Index | RAY Index | 1074.300 | 9.9100 | 0.9311 | 30.7332 | |
Russell 1000 Index (Large Cap) | RIY Index | 999.400 | 8.4800 | 0.8558 | 29.9711 | |
Russell 2000 Index (Small Cap) | RTY Index | 1119.620 | 19.8300 | 1.8031 | 40.2365 | |
Wilshire 5000 Total Market | W5000 Index | 19059.160 | 180.7800 | 0.9576 | 30.9749 | |
TREASURIES | % Yield | | | | | |
3 Month Treasury | 0.0761 | | -0.0050 | -6.6667 | | |
6 Month Treasury | 0.1014 | | -0.0050 | -5.2632 | | |
2 Year Treasury | 0.2702 | 99.961 | 0.0078 | 0.0078 | | |
5 Year Treasury | 1.3632 | 99.469 | 0.0547 | 0.0550 | | |
10 Year Treasury | 2.7860 | 99.719 | 0.1406 | 0.1412 | | |
30 Year Treasury | 3.8911 | 97.578 | 0.4063 | 0.4181 | | |
ENERGY | | | | | | |
Crude Oil, Brent Index | Brent Crude | 110.170 | 2.1100 | 1.9526 | 5.1211 | |
Crude Oil, Louisiana Lt. Sweet | LA Lt Sweet | 98.840 | 1.5100 | 1.5514 | -8.4200 | |
Natural Gas, Henry Hub Index | Nat Gas | 3.700 | 0.0260 | 0.7077 | -15.4743 | |
PRECIOUS METALS | | | | | | |
Spot Gold $/oz | GOLD | 1242.710 | -1.5400 | -0.1238 | -28.1292 | |
Spot Silver $/oz | SILVER | 19.971 | 0.1005 | 0.5058 | -40.1829 | |
CURRENCIES | | | | | | |
Euro | EUR Curncy | 0.742 | -0.0024 | -0.3225 | -4.7472 | |
Japanese Yen | JPY Curncy | 101.150 | 1.1200 | 1.1197 | -18.3617 | |
British Pound | GBP Curncy | 0.618 | -0.0034 | -0.5476 | -1.3561 | |
Swiss Franc | CHF Curncy | 0.914 | -0.0025 | -0.2729 | 2.6350 | |
Canadian Dollar | CAD Curncy | 1.052 | 0.0067 | 0.6410 | -5.3217 | |
Chinese Renminbi | CNY Curncy | 6.093 | 0.0002 | 0.0033 | 2.1963 | |
FOREIGN INDICIES | | | | | | |
EURO STOXX 600 INDEX | EUROPE | 307.620 | -0.2200 | -0.0715 | 23.9054 | |
FTSE 100 INDEX | UK | 6681.330 | 0.2500 | 0.0037 | 16.1560 | |
CAC 40 INDEX | FRANCE | 4253.900 | -14.4700 | -0.3390 | 22.3313 | |
DAX INDEX | GERMANY | 9196.080 | -5.9900 | -0.0651 | 27.9952 | |
NIKKEI 225 INDEX | JAPAN | 15365.600 | 289.5200 | 1.9204 | 64.0432 | |
HANG SENG INDEX | HONG KONG | 23580.290 | -120.5700 | -0.5087 | 8.4490 | |
TEL AVIV 100 INDEX | ISRAEL | 2205.766 | -0.8470 | -0.0384 | 9.4341 | |
SHANGHAI COMP INDEX | CHINA | 2205.766 | -0.8470 | -0.0384 | 9.4341 | |
| Last | Chg Today | % Chg Today | 3 Mo Tot Ret | 6 Mo Tot Ret | YTD Tot Ret |
S&P 500 INDEX | 1795.850 | 14.480 | 0.8129 | 9.8734 | 8.722 | 28.310 |
S&P 500 CONSUMER DISCRETION | 510.470 | 4.605 | 0.9103 | 11.6740 | 12.653 | 37.374 |
S&P 500 CONSUMER STAPLES | 441.670 | 0.880 | 0.1996 | 8.6737 | 4.683 | 25.308 |
S&P 500 ENERGY | 642.130 | 5.310 | 0.8338 | 10.5942 | 6.491 | 23.068 |
S&P 500 FINANCIALS | 287.700 | 4.120 | 1.4529 | 8.4089 | 7.640 | 32.129 |
S&P 500 HEALTH CARE | 630.640 | 2.940 | 0.4684 | 10.9956 | 11.648 | 38.545 |
S&P 500 INDUSTRIALS | 431.730 | 3.320 | 0.7750 | 12.9537 | 14.014 | 33.854 |
S&P 500 INFO TECHNOLOGY | 553.500 | 5.680 | 1.0368 | 8.8304 | 9.311 | 21.342 |
S&P 500 MATERIALS | 280.080 | 2.180 | 0.7845 | 10.9264 | 9.466 | 20.335 |
S&P 500 TELECOM SERVICES | 157.340 | -0.490 | -0.3105 | 6.9607 | -2.184 | 12.698 |
S&P 500 UTILITIES | 195.590 | 0.500 | 0.2563 | 5.2578 | -1.789 | 14.095 |
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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