Stocks Slump, Treasuries Fall, Dollar Strengthens, Commodities Rise - U.S Daily Markets Wrap

Stocks decline led by decline in small cap and telecom sector stocks, while 10-year treasury yields increase, dollar strengthens, and crude oil gains

Mar 24, 2021 by Kwhen Finance Editors

Stocks Slump, Treasuries Fall, Dollar Strengthens, Commodities Rise - U.S Daily Markets Wrap
U.S. stocks remained level today fueled by a 1.7% decline in small cap stocks and a 1.1% decline in telecom stocks. The S&P 500 Index is currently up 4.5% year-to-date, and up 77.5% over the past 12 months. The Dow Jones Industrial Average is currently up 6.4% year-to-date, and up 77.6% over the past 12 months. Elsewhere, commodities climbed 2.8% with gold rising 0.4%, crude oil rising 4.3% and copper rising 0.1%. The yield on 10-year Treasuries is 1.69%, while the dollar strengthened by 0.2% against a basket of other currencies. Meanwhile, investment grade corporate bonds rose by 0.3%, and high yield bonds rose by 0.1%.

Stocks

  • The S&P 500 Index stayed level.
  • The Dow Jones Industrial Average stayed level.
  • The Nasdaq Composite Index declined 1.9%.
  • The Nasdaq 100 Index declined 1.7%.
  • The Volatility Index rose 0.9%.
  • Large cap stocks, as represented by the S&P 100 Index, declined 0.8%.
  • Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 0.6%.
  • Small cap stocks, as represented by the S&P SmallCap 600 Index, declined 1.7%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P 500SPY0.0%+4.5%+77.5%+44.6%+110.7%
Dow Jones Industrial AverageDIA0.0%+6.4%+77.6%+32.6%+106.9%
Nasdaq Composite IndexONEQ-1.9%+2.3%+93.9%+75.6%+189.6%
Nasdaq 100 IndexQQQ-1.7%+1.2%+87.3%+80.3%+208.6%
CBOE Volatility IndexVXX+0.88%-25.6%-75.6%-61.0%-54.1%
S&P Large CapOEF-0.78%+3.8%+73.0%+47.9%+115.2%
S&P Mid CapIJH-0.58%+10.0%+110.2%+40.2%+92.6%
S&P Small CapIJR-1.7%+15.3%+118.2%+44.0%+107.3%

Sectors

  • Stocks in the Energy sector rose the most with a 2.4% gain.
  • Stocks in the Telecom sector fell the most with a 1.1% decline.
  • With a 241.2% gain, stocks in the Technology sector have advanced the most over the past 5 years
  • With a 14.0% decline, stocks in the Energy sector have declined the most over the past 5 years
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
EnergyIYE+2.4%+27.1%+110.8%-23.1%-14.0%
MaterialsIYM+0.78%+6.9%+106.2%+39.5%+80.9%
IndustrialsIYJ+0.44%+5.3%-1.9%-30.7%-1.8%
Consumer DiscretionaryXLY0.0%+3.2%+90.8%+51.8%+128.3%
TechnologyIYW0.0%+2.4%+93.4%+85.6%+241.2%
Health CareIYH0.0%+1.2%+58.4%+32.6%+90.1%
FinancialsIYF0.0%+10.0%+81.1%+30.0%+89.7%
UtilitiesIDU0.0%+0.7%+41.6%+10.4%+46.7%
Consumer StaplesXLP-0.39%-0.1%+41.6%+28.5%+46.5%
Real EstateIYR-0.46%+6.1%+60.8%+11.0%+41.1%
TelecomIYZ-1.1%+6.3%+41.8%+8.9%+12.4%

Bonds

  • The yield on 1-year Treasuries decreased by 44 basis points to 0.06% today.
  • The yield on 5-year Treasuries increased by 37 basis points to 0.87% today.
  • The yield on 10-year Treasuries increased by 119 basis points to 1.69% today.
  • The yield on 30-year Treasuries increased by 188 basis points to 2.38% today.
NameTickerYieldDoD Yield Δ
1-year TreasuriesDGS10.06%-0.44%
5-year TreasuriesDGS50.87%+0.37%
10-year TreasuriesDGS101.69%+1.19%
30-year TreasuriesDGS302.38%+1.88%

Credit

  • Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index rose by 0.3%.
  • High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index rose by 0.1%.
  • Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index rose by 0.3%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
Investment GradeLQD+0.30%-5.9%+16.0%+15.6%+28.1%
High YieldHYG+0.058%-0.2%+32.4%+11.3%+36.2%
Emerging MarketsEMB+0.29%-5.2%+24.4%+8.3%+25.5%

Commodities

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 2.8%
  • West Texas Intermediate crude oil rose by 4.3%.
  • Brent crude oil rose by 5.4%.
  • Gold rose by 0.4%.
  • Copper rose by 0.1%.
  • Silver rose by 0.1%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P GSCI Total Return IndexGSG+2.8%+10.9%+41.6%-14.2%-2.6%
Bloomberg Commodity Index TRDJCB+1.5%+6.9%+38.4%+5.1%+5.1%
Crude Oil West Texas IntermediateDBO+4.3%+22.3%+75.9%+0.8%+35.3%
Brent Crude OilBNO+5.4%+18.9%+71.1%-19.1%+21.9%
GoldIAU+0.36%-9.3%+10.7%+30.8%+39.8%
CopperCPER+0.081%+14.2%+90.4%+39.1%+67.1%
SilverSLV+0.086%-5.5%+88.6%+60.7%+60.0%

Currencies

  • The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, strengthened by 0.2% to $24.94 today.
  • The Euro strengthened by 18.1% to $1.18.
  • The British pound strengthened by 36.9% to $1.37.
  • The Japanese yen strengthened by 8.7% to 108.75 per dollar.
NameTickerPriceDoD %Δ
Deutsche Bank Long US Dollar IndexUUP$24.94+0.2%
EUR-USDEURUSD$1.18+18.1%
GBP-USDGBPUSD$1.37+36.9%
USD-JPYUSDJPY108.75¥+8.7%

Cryptocurrencies

  • Bitcoin declined by NaN% to $52541.42 today.
  • Ethereum declined by NaN% to $1572.37.
  • Tether declined by NaN% to $1.001992870672038.
  • XRP declined by NaN% to $0.55.
NameTickerPriceDoD %Δ
Bitcoin USDBTCUSD$52541.42NaN%
Ethereum USDETHUSD$1572.37NaN%
Tether USDUSDTUSD$1.00NaN%
XRP USDXRPUSD$0.55NaN%

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