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.
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 |
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“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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