Stocks decline led by decline in small cap and consumer discretionary sector stocks, while 10-year treasury yields increase, dollar weakens, and crude oil declines
U.S. stocks fell by 2.1% this week fueled by a 2.6% decline in small cap stocks and a 4.7% decline in consumer discretionary stocks. The S&P 500 Index is currently up 10.1% year-to-date, and up 48.0% over the past 12 months. The Dow Jones Industrial Average is currently up 11.9% year-to-date, and up 49.1% over the past 12 months. Elsewhere, commodities fell 1.8% with gold rising 0.7%, crude oil falling 0.9% and copper rising 1.2%. The yield on 10-year Treasuries is 1.69%, while the dollar weakened by 0.4% against a basket of other currencies. Meanwhile, investment grade corporate bonds fell by 1.0%, and high yield bonds fell by 0.4%.
Stocks
The S&P 500 Index declined 2.1%.
The Dow Jones Industrial Average declined 1.5%.
The Nasdaq Composite Index declined 3.5%.
The Nasdaq 100 Index declined 3.7%.
The Volatility Index rose 12.3%.
Large cap stocks, as represented by the S&P 100 Index, declined 2.4%.
Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 2.2%.
Small cap stocks, as represented by the S&P SmallCap 600 Index, declined 2.6%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
S&P 500
SPY
+1.9%
+10.1%
+48.0%
+51.5%
+120.3%
Dow Jones Industrial Average
DIA
+2.1%
+11.9%
+49.1%
+40.1%
+116.5%
Nasdaq Composite Index
ONEQ
+2.3%
+1.9%
+49.2%
+74.6%
+190.9%
Nasdaq 100 Index
QQQ
+2.2%
+1.9%
+46.5%
+81.5%
+215.7%
CBOE Volatility Index
VXX
-12%
-34.9%
-72.4%
-66.3%
+60.5%
S&P Large Cap
OEF
+1.6%
+8.8%
+44.4%
+54.0%
+123.9%
S&P Mid Cap
IJH
+1.6%
+16.6%
+74.3%
+46.6%
+100.0%
S&P Small Cap
IJR
+2.0%
+19.0%
+90.9%
+45.6%
+109.5%
Sectors
Stocks in the Consumer Staples sector rose the most with a 0.1% decline.
Stocks in the Consumer Discretionary sector fell the most with a 4.7% decline.
With a 257.4% gain, stocks in the Technology sector have advanced the most over the past 5 years
With a 12.1% decline, stocks in the Energy sector have declined the most over the past 5 years
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
Consumer Staples
XLP
+0.82%
+5.2%
+27.2%
+31.4%
+51.9%
Materials
IYM
+0.87%
+21.5%
+77.3%
+63.1%
+99.1%
Utilities
IDU
+1.6%
+5.6%
+22.0%
+15.5%
+51.2%
Health Care
IYH
+0.99%
+7.3%
+25.7%
+46.6%
+96.3%
Telecom
IYZ
+0.87%
+11.4%
+31.5%
+22.7%
+18.5%
Real Estate
IYR
+1.1%
+12.9%
+42.2%
+17.0%
+44.0%
Financials
IYF
+1.4%
+21.4%
+67.8%
+37.6%
+104.7%
Industrials
IYJ
+1.3%
+13.6%
+70.4%
+49.8%
+113.9%
Energy
IYE
+3.4%
+37.5%
+50.9%
-13.3%
-12.1%
Technology
IYW
+2.2%
+3.0%
+49.1%
+87.7%
+257.4%
Consumer Discretionary
XLY
+1.7%
+4.6%
+50.4%
+50.9%
+129.3%
Bonds
The yield on 1-year Treasuries decreased by 45 basis points to 0.05% 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 190 basis points to 2.4% today.
Name
Ticker
Yield
DoD Yield Δ
1-year Treasuries
DGS1
0.05%
-0.45%
5-year Treasuries
DGS5
0.87%
+0.37%
10-year Treasuries
DGS10
1.69%
+1.19%
30-year Treasuries
DGS30
2.4%
+1.9%
Credit
Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index fell by 1.0%.
High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index fell by 0.4%.
Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.4%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
Investment Grade
LQD
+0.54%
-4.9%
+5.2%
+15.8%
+26.5%
High Yield
HYG
+0.32%
+1.0%
+15.5%
+12.2%
+34.8%
Emerging Markets
EMB
+0.52%
-3.3%
+13.4%
+10.5%
+24.4%
Commodities
The S&P GSCI Total Return Index, the leading measure of general commodity price movements, declined by 1.8%
West Texas Intermediate crude oil declined by 0.9%.
Brent crude oil declined by 1.8%.
Gold rose by 0.7%.
Copper rose by 1.2%.
Silver declined by 0.8%.
Name
Ticker
DoD %Δ
YTD %Δ
1 Yr %
2 Yr %
5 Yr %
S&P GSCI Total Return Index
GSG
+0.59%
+23.4%
+73.3%
-4.0%
+0.5%
Bloomberg Commodity Index TR
DJCB
+0.38%
+18.6%
+56.2%
+16.6%
+16.6%
Crude Oil West Texas Intermediate
DBO
+1.7%
+36.2%
+108.3%
+10.9%
+36.0%
Brent Crude Oil
BNO
+2.5%
+32.3%
+121.0%
-15.0%
+16.5%
Gold
IAU
+0.80%
-3.9%
+6.2%
+40.0%
+41.9%
Copper
CPER
-0.62%
+32.8%
+95.1%
+69.8%
+107.6%
Silver
SLV
+1.2%
+2.4%
+72.9%
+81.8%
+54.5%
Currencies
The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, weakened by 0.4% to $24.29 today.
The Euro strengthened by 21.4% to $1.21.
The British pound strengthened by 41.0% to $1.41.
The Japanese yen strengthened by 9.3% to 109.35 per dollar.