The U.S. stock market was up. The rest of the world was a mixed bag of tricks.
U.S. stocks rose, erasing most of yesterday’s drop, as improving manufacturing data tempered concern about the economy and Facebook’s $19 billion purchase of messaging startup WhatsApp fueled optimism about deals. The S&P 500 Index rose 0.6 percent, 11.03 points, to 1,839.78 after retreating yesterday following an early advance that took it within one point of its closing record. The Dow Jones Industrial Average increased 92.67 points, or 0.58 percent, to 16,133.23. Trading in S&P 500 stocks was 4.5 percent below the 30-day average.
The S&P 500 had slumped as much as 5.8 percent after reaching a record on Jan. 15 as investor concern about the Federal Reserve’s reductions in stimulus fueled a rout in emerging markets. It subsequently rose 5 percent from a Feb. 3 low through yesterday. Investors have been dismissing lower-than-forecast U.S. economic data over the past two weeks, pointing to harsh winter weather as a reason for unexpected weakness in reports from housing to hiring.
Fed Chair Janet Yellen said last week that the economy has strengthened enough to withstand continued cuts to monetary stimulus, adding that only a notable change in the outlook for the economy would prompt the central bank to slow the pace of tapering. But Fed minutes released this week show that hawks on the Fed like St. Louis Fed President James Bullard think that the Fed should begin a debate now regarding raising interest rates as the economy returns to normal.
Natural Gas and Crude Oil sold off while Gold and Silver rose. Bonds were off slightly, bond yields up slightly, but very slightly. Not the kind of interest rate increase Bullard has in mind.
Ticker | Last | Change | % Chg Today | % Chg 1Year | YTD Tot Ret | |
U.S. STOCK MARKET | | | | | | |
Dow Jones Industrial Average | INDU Index | 16133.23 | 92.670 | 0.578 | 15.837 | -2.301 |
S&P 500 Index | SPX Index | 1839.78 | 11.030 | 0.603 | 21.855 | -0.021 |
NASDAQ 100 Index | NDX Index | 3671.93 | 19.086 | 0.522 | 34.013 | 2.475 |
NASDAQ Composite Index | CCMP Index | 4267.55 | 29.593 | 0.698 | 34.861 | 2.378 |
Russell 3000 Index | RAY Index | 1107.76 | 7.473 | 0.679 | 23.213 | 0.340 |
Russell 1000 Index (Large Cap) | RIY Index | 1029.94 | 6.545 | 0.640 | 22.868 | 0.369 |
Russell 2000 Index (Small Cap) | RTY Index | 1162.12 | 13.050 | 1.136 | 27.296 | 0.040 |
Russell Mid Cap Index | RMC Index | 1523.97 | 12.670 | 0.838 | 25.905 | 2.402 |
Wilshire 5000 Total Market | W5000 Index | 19710.12 | 126.950 | 0.648 | 23.449 | 0.020 |
FOREIGN STOCKS | | | | | | |
FTSE ALL-WORLD INDEX | | 266.61 | -0.150 | -0.056 | 13.698 | -0.585 |
FTSE ALL-WORLD EX U.S. INDEX | | 276.19 | -1.870 | -0.673 | 6.521 | -1.233 |
FTSE ALL-WORLD DEVELOPED IDX | | 258.81 | 0.020 | 0.008 | 16.889 | -0.158 |
FTSE ALL-WORLD DEVL EX U.S. | | 260.49 | -1.720 | -0.656 | 11.185 | -0.474 |
FTSE ALL-WORLD DEVL EUROPE | | 260.17 | -0.920 | -0.352 | 18.023 | 1.549 |
FTSE ALL-WORLD DEVL ASIA-PAC | | 234.85 | -3.610 | -1.514 | 2.775 | -4.199 |
FTSE ALL-WORLD EMERGING MKTS | | 466.99 | -3.560 | -0.757 | -12.112 | -4.914 |
EURO STOXX 600 INDEX | EUROPE | 334.78 | -0.160 | -0.048 | 15.813 | 2.239 |
EURO STOXX TOTAL MARKET | EUROPE | 328.14 | -0.150 | -0.046 | 16.230 | 2.186 |
FTSE 100 INDEX | UK | 6812.99 | 16.280 | 0.240 | 6.530 | 1.463 |
CAC 40 INDEX | FRANCE | 4355.49 | 14.390 | 0.331 | 17.402 | 1.409 |
DAX INDEX | GERMANY | 9618.85 | -41.200 | -0.426 | 24.453 | 0.698 |
NIKKEI 225 INDEX | JAPAN | 14449.18 | -317.350 | -2.149 | 27.766 | -11.301 |
HANG SENG INDEX | HONG KONG | 22394.08 | -270.440 | -1.193 | -2.238 | -3.861 |
TEL AVIV 100 INDEX | ISRAEL | 2138.78 | -3.772 | -0.176 | -8.047 | 1.082 |
SHANGHAI COMP INDEX | CHINA | 2138.78 | -3.772 | -0.176 | -8.047 | 1.082 |
RUSSIAN RTS INDEX | RUSSIA | 1303.15 | -2.850 | -0.218 | -17.659 | -17.659 |
TREASURIES | % Yield | | | | | |
3 Month Treasury | 0.0507 | | 0.000 | 0.000 | | |
6 Month Treasury | 0.0811 | | -0.005 | -6.250 | | |
2 Year Treasury | 0.3185 | 100.11 | -0.008 | -0.008 | | |
5 Year Treasury | 1.5362 | 99.80 | -0.117 | -0.117 | | |
10 Year Treasury | 2.7464 | 99.98 | -0.109 | -0.109 | | |
30 Year Treasury | 3.7171 | 98.25 | -0.172 | -0.175 | | |
ENERGY | | | | | | |
Crude Oil, Brent Index | Brent Crude | 110.42 | -0.050 | -0.045 | 2.422 | |
Crude Oil, Louisiana Lt. Sweet | LA Lt Sweet | 108.07 | -0.340 | -0.314 | -7.400 | |
Natural Gas, Henry Hub Index | Nat Gas | 6.04 | -0.109 | -1.773 | 53.864 | |
PRECIOUS METALS | | | | | | |
Spot Gold $/oz | GOLD | 1322.94 | 11.340 | 0.865 | -15.404 | |
Spot Silver $/oz | SILVER | 21.82 | 0.292 | 1.356 | -23.619 | |
CURRENCIES | | | | | | |
Euro | EUR Curncy | 0.73 | 0.001 | 0.096 | -3.175 | |
Japanese Yen | JPY Curncy | 102.32 | 0.000 | 0.000 | -8.543 | |
British Pound | GBP Curncy | 0.60 | 0.001 | 0.167 | -8.516 | |
Swiss Franc | CHF Curncy | 0.89 | 0.001 | 0.079 | 4.239 | |
Canadian Dollar | CAD Curncy | 1.11 | 0.002 | 0.153 | -8.397 | |
Chinese Renminbi | CNY Curncy | 6.08 | 0.008 | 0.135 | 2.594 | |
| | | | | | |
| Last | Chg Today | % Chg Today | 3 Mo Tot Ret | 6 Mo Tot Ret | YTD Tot Ret |
S&P 500 INDEX | 1839.780 | 11.03 | 0.603 | 3.973 | 12.683 | -0.021 |
S&P 500 CONSUMER DISCRETION | 515.620 | 2.95 | 0.575 | 2.345 | 12.316 | -2.626 |
S&P 500 CONSUMER STAPLES | 427.220 | 2.16 | 0.508 | -2.419 | 5.034 | -3.259 |
S&P 500 ENERGY | 634.220 | 4.80 | 0.763 | 0.215 | 9.319 | -2.192 |
S&P 500 FINANCIALS | 288.630 | 0.71 | 0.247 | 2.226 | 8.550 | -1.808 |
S&P 500 HEALTH CARE | 681.080 | 6.14 | 0.910 | 8.980 | 19.794 | 6.236 |
S&P 500 INDUSTRIALS | 441.620 | 3.39 | 0.774 | 3.719 | 15.528 | -2.053 |
S&P 500 INFO TECHNOLOGY | 591.890 | 1.77 | 0.300 | 8.484 | 16.754 | 1.439 |
S&P 500 MATERIALS | 291.860 | 2.98 | 1.032 | 5.590 | 15.335 | 0.325 |
S&P 500 TELECOM SERVICES | 150.280 | 2.92 | 1.982 | -3.627 | 2.117 | -2.343 |
S&P 500 UTILITIES | 205.070 | 1.64 | 0.806 | 6.145 | 10.144 | 6.700 |
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Life is good! The alternative? Not so much.
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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