Stocks decline led by decline in mid cap and consumer discretionary sector stocks, while 10-year treasury yields increase, dollar weakens, and crude oil gains
U.S. stocks fell by 0.7% today fueled by a 1.0% decline in mid cap stocks and a 1.7% decline in consumer discretionary stocks. The S&P 500 Index is currently up 2.4% year-to-date, and down 12.8% over the past 12 months. The Dow Jones Industrial Average is currently up 0.5% year-to-date, and down 4.1% over the past 12 months. Elsewhere, commodities climbed 0.9% with gold rising 1.6%, crude oil rising 1.6% and copper rising 0.9%. The yield on 10-year Treasuries is 3.53%, while the dollar weakened by 0.3% against a basket of other currencies. Meanwhile, investment grade corporate bonds fell by 0.2%, and high yield bonds fell by 0.6%.
Stocks
The S&P 500 Index declined 0.7%.
The Dow Jones Industrial Average declined 0.7%.
The Nasdaq Composite Index declined 0.6%.
The Nasdaq 100 Index declined 1.0%.
The Volatility Index rose 0.6%.
Large cap stocks, as represented by the S&P 100 Index, declined 0.7%.
Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 1.0%.
Small cap stocks, as represented by the S&P SmallCap 600 Index, declined 0.9%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
S&P 500
SPY
-0.70%
+2.4%
-12.8%
+7.3%
+52.8%
Dow Jones Industrial Average
DIA
-0.70%
+0.5%
-4.1%
+12.0%
+41.6%
Nasdaq Composite Index
ONEQ
-0.56%
+4.8%
-23.6%
-13.7%
+58.1%
Nasdaq 100 Index
QQQ
-1.0%
+4.4%
-24.6%
-10.0%
+73.4%
CBOE Volatility Index
VXX
+0.56%
-11.1%
-36.9%
-81.7%
-54.0%
S&P Large Cap
OEF
-0.65%
+2.1%
-16.2%
+4.3%
+51.5%
S&P Mid Cap
IJH
-1.0%
+4.7%
-5.5%
+7.5%
+38.9%
S&P Small Cap
IJR
-0.85%
+5.1%
-8.8%
+2.9%
+35.1%
Sectors
Stocks in the Energy sector rose the most with a 0.8% gain.
Stocks in the Consumer Discretionary sector fell the most with a 1.7% decline.
With a 85.5% gain, stocks in the Technology sector have advanced the most over the past 5 years
With a 11.4% decline, stocks in the Telecom sector have declined the most over the past 5 years
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
Energy
IYE
+0.79%
+1.0%
+41.3%
+120.3%
+32.3%
Financials
IYF
0.0%
+3.4%
-10.0%
+18.0%
+37.6%
Industrials
IYJ
0.0%
+2.9%
-8.4%
+3.7%
+33.3%
Materials
IYM
0.0%
+6.5%
-2.3%
+15.8%
+36.8%
Utilities
IDU
0.0%
-1.5%
+3.2%
+14.8%
+53.5%
Real Estate
IYR
-0.54%
+5.5%
-15.7%
+10.4%
+32.6%
Technology
IYW
-0.78%
+4.4%
-26.0%
-6.9%
+85.5%
Telecom
IYZ
-0.81%
+4.9%
-24.3%
-21.5%
-11.4%
Consumer Staples
XLP
-0.95%
-2.4%
-2.4%
+15.7%
+44.0%
Health Care
IYH
-1.6%
-1.8%
+1.1%
+12.0%
+60.3%
Consumer Discretionary
XLY
-1.7%
+6.8%
-28.0%
-15.7%
+38.5%
Bonds
The yield on 1-year Treasuries decreased by 2 basis points to 4.67% today.
The yield on 5-year Treasuries remained unchanged at 3.6% today.
The yield on 10-year Treasuries increased by 4 basis points to 3.53% today.
The yield on 30-year Treasuries increased by 3 basis points to 3.64% today.
Name
Ticker
Yield
DoD Yield Δ
1-year Treasuries
DGS1
4.67%
-0.02%
5-year Treasuries
DGS5
3.6%
0%
10-year Treasuries
DGS10
3.53%
+0.04%
30-year Treasuries
DGS30
3.64%
+0.03%
Credit
Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index fell by 0.2%.
High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index fell by 0.6%.
Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.3%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
Investment Grade
LQD
-0.21%
+5.6%
-10.2%
-13.8%
+7.1%
High Yield
HYG
-0.59%
+3.9%
-6.1%
-4.2%
+10.9%
Emerging Markets
EMB
-0.26%
+5.2%
-10.2%
-14.8%
-4.2%
Commodities
The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.9%
West Texas Intermediate crude oil rose by 1.6%.
Brent crude oil rose by 1.7%.
Gold rose by 1.6%.
Copper rose by 0.9%.
Silver rose by 1.8%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
S&P GSCI Total Return Index
GSG
+0.95%
-0.7%
+13.8%
+63.2%
+26.0%
Bloomberg Commodity Index TR
DJCB
0.0%
-0.9%
+9.6%
+43.8%
+45.9%
Crude Oil West Texas Intermediate
DBO
+1.6%
-0.3%
+2.7%
+68.1%
+46.7%
Brent Crude Oil
BNO
+1.7%
-1.2%
+18.5%
+104.2%
+48.5%
Gold
IAU
+1.6%
+4.4%
+4.7%
+3.8%
+41.6%
Copper
CPER
+0.86%
+10.7%
-4.7%
+15.0%
+25.2%
Silver
SLV
+1.8%
-2.0%
-0.6%
-6.0%
+35.1%
Currencies
The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, weakened by 0.3% to $27.48 today.
The Euro strengthened by 0.4% to $1.08.
The British pound strengthened by 0.4% to $1.24.
The Japanese yen weakened by 0.3% to 128.43 per dollar.
