Wednesday, December 11, 2013

It's The Economy Stupid: Market Close

They announced a budget deal in Washington!  Kind of a big deal.  The market shrugged.  Once again, just about every stock market index in the world was down on the day.  Except…Russia.  What is it with those Russians???  The S&P 500 has been down 12 of the last 17 trading days.

 

U.S. stocks fell the most in a month and Treasuries dropped as an agreement on a budget plan fueled speculation the Federal Reserve will be confident enough in the economy to reduce stimulus. Gasoline and oil slid while the yen and euro strengthened.  The Standard & Poor’s 500 Index slipped 1.1 percent to 1,782.22 and the Stoxx Europe 600 Index lost 0.5 percent. Ten-year Treasury yields increased for the first time in four days. Oil retreated 1.1 percent to $97.44 a barrel after reaching a six-week high yesterday and gasoline decreased 0.7 percent to $2.6632 a gallon. The yen strengthened 0.4 percent to 102.43 per dollar, rebounding from a six-month low, and the euro advanced versus most major peers.

    

American lawmakers announced a budget deal that would ease automatic spending cuts by about $63 billion over two years and reduce the deficit by $20 billion to $23 billion. The agreement comes after a report last week showed the jobless rate fell to a five-year low and more economists predicted the Fed will cut stimulus at its meeting next week.  The Federal Open Market Committee may begin reducing stimulus at its Dec. 17-18 meeting, according to 34 percent of economists surveyed Dec. 6 by Bloomberg, an increase from 17 percent in a Nov. 8 survey. 

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

 

STOCK MARKETS

 

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

15843.530

-129.6000

-0.8114

19.5206

 

S&P 500 Index

SPX Index

1782.220

-20.4000

-1.1317

24.9587

 

NASDAQ 100 Index

NDX Index

3468.994

-45.2100

-1.2865

29.1917

 

NASDAQ Composite Index

CCMP Index

4003.813

-56.6770

-1.3958

32.3325

 

Russell 3000 Index

RAY Index

1065.610

-13.1300

-1.2172

25.8978

 

Russell 1000 Index (Large Cap)

RIY Index

992.010

-11.8800

-1.1834

25.4234

 

Russell 2000 Index (Small Cap)

RTY Index

1101.500

-18.1900

-1.6246

31.7082

 

Wilshire 5000 Total Market

W5000 Index

18918.650

-228.4200

-1.1930

26.2402

 

TREASURIES

% Yield

 

 

 

 

 

3 Month Treasury

0.0710

 

0.0000

0.0000

 

 

6 Month Treasury

0.0964

 

0.0000

0.0000

 

 

2 Year Treasury

0.3018

99.891

-0.0156

-0.0156

 

 

5 Year Treasury

1.4874

98.836

-0.1953

-0.1972

 

 

10 Year Treasury

2.8407

99.141

-0.4219

-0.4237

 

 

30 Year Treasury

3.8749

97.703

-0.7344

-0.7460

 

 

ENERGY

 

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

109.770

0.3900

0.3566

7.9323

 

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

102.040

-0.8200

-0.7972

-6.5500

 

Natural Gas, Henry Hub Index

Nat Gas

4.342

0.1050

2.4782

7.0530

 

PRECIOUS METALS

 

 

 

 

 

 

Spot Gold $/oz

GOLD

1253.070

-9.1100

-0.7218

-26.6240

 

Spot Silver $/oz

SILVER

20.310

-0.0930

-0.4558

-38.3639

 

CURRENCIES

 

 

 

 

 

 

Euro

EUR Curncy

0.725

-0.0015

-0.2064

-5.7225

 

Japanese Yen

JPY Curncy

102.430

-0.4200

-0.4084

-19.3983

 

British Pound

GBP Curncy

0.611

0.0024

0.3947

-1.6436

 

Swiss Franc

CHF Curncy

0.886

-0.0011

-0.1239

5.2139

 

Canadian Dollar

CAD Curncy

1.059

-0.0015

-0.1415

-6.8920

 

Chinese Renminbi

CNY Curncy

6.072

-0.0004

-0.0066

2.8689

 

FOREIGN INDICIES

 

 

 

 

 

 

EURO STOXX 600 INDEX

EUROPE

313.300

-1.6100

-0.5113

11.6974

 

EURO STOXX TOTAL MARKET

EUROPE

306.550

-1.5400

-0.4999

12.1743

 

FTSE 100 INDEX

UK

6507.720

-15.5900

-0.2390

9.8355

 

CAC 40 INDEX

FRANCE

4086.860

-4.2800

-0.1046

12.0870

 

DAX INDEX

GERMANY

9077.110

-37.3300

-0.4096

19.5970

 

NIKKEI 225 INDEX

JAPAN

15515.060

-96.2500

-0.6165

61.9279

 

HANG SENG INDEX

HONG KONG

23338.240

-405.9500

-1.7097

3.7101

 

TEL AVIV 100 INDEX

ISRAEL

2204.166

-33.3260

-1.4894

5.8308

 

SHANGHAI COMP INDEX

CHINA

2204.166

-33.3260

-1.4894

5.8308

 

RUSSIAN RTS INDEX

RUSSIA

1409.710

0.4300

0.0305

-5.0381

 

 

Last

Chg Today

% Chg Today

3 Mo Tot Ret

6 Mo Tot Ret

YTD Tot Ret

S&P 500 INDEX

1782.220

-20.400

-1.1317

6.1823

10.891

27.654

S&P 500 CONSUMER DISCRETION

510.010

-5.124

-0.9947

7.4344

15.631

37.326

S&P 500 CONSUMER STAPLES

439.960

0.880

0.2004

6.8085

6.857

25.020

S&P 500 ENERGY

622.730

-9.020

-1.4278

1.8298

7.273

19.289

S&P 500 FINANCIALS

283.660

-4.160

-1.4454

4.3035

8.263

30.232

S&P 500 HEALTH CARE

625.860

-10.310

-1.6206

6.2696

12.941

37.542

S&P 500 INDUSTRIALS

428.040

-6.590

-1.5162

7.8582

15.702

32.726

S&P 500 INFO TECHNOLOGY

561.830

-4.790

-0.8454

8.5124

12.597

23.050

S&P 500 MATERIALS

275.730

-4.750

-1.6935

4.1006

11.486

18.431

S&P 500 TELECOM SERVICES

151.880

-2.030

-1.3190

2.4524

-2.070

8.715

S&P 500 UTILITIES

189.170

-1.540

-0.8075

2.2105

1.436

10.544

 

----------------------

“Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." ~ Albert Einstein

 

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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