Stocks Slump, Commodities Decline, Treasuries Fall, Dollar Weakens - U.S Weekly Markets Wrap

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

May 14, 2021 by Kwhen Finance Editors

Stocks Slump, Commodities Decline, Treasuries Fall, Dollar Weakens - U.S Weekly Markets Wrap
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%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P 500SPY+1.9%+10.1%+48.0%+51.5%+120.3%
Dow Jones Industrial AverageDIA+2.1%+11.9%+49.1%+40.1%+116.5%
Nasdaq Composite IndexONEQ+2.3%+1.9%+49.2%+74.6%+190.9%
Nasdaq 100 IndexQQQ+2.2%+1.9%+46.5%+81.5%+215.7%
CBOE Volatility IndexVXX-12%-34.9%-72.4%-66.3%+60.5%
S&P Large CapOEF+1.6%+8.8%+44.4%+54.0%+123.9%
S&P Mid CapIJH+1.6%+16.6%+74.3%+46.6%+100.0%
S&P Small CapIJR+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
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
Consumer StaplesXLP+0.82%+5.2%+27.2%+31.4%+51.9%
MaterialsIYM+0.87%+21.5%+77.3%+63.1%+99.1%
UtilitiesIDU+1.6%+5.6%+22.0%+15.5%+51.2%
Health CareIYH+0.99%+7.3%+25.7%+46.6%+96.3%
TelecomIYZ+0.87%+11.4%+31.5%+22.7%+18.5%
Real EstateIYR+1.1%+12.9%+42.2%+17.0%+44.0%
FinancialsIYF+1.4%+21.4%+67.8%+37.6%+104.7%
IndustrialsIYJ+1.3%+13.6%+70.4%+49.8%+113.9%
EnergyIYE+3.4%+37.5%+50.9%-13.3%-12.1%
TechnologyIYW+2.2%+3.0%+49.1%+87.7%+257.4%
Consumer DiscretionaryXLY+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.
NameTickerYieldDoD Yield Δ
1-year TreasuriesDGS10.05%-0.45%
5-year TreasuriesDGS50.87%+0.37%
10-year TreasuriesDGS101.69%+1.19%
30-year TreasuriesDGS302.4%+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%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
Investment GradeLQD+0.54%-4.9%+5.2%+15.8%+26.5%
High YieldHYG+0.32%+1.0%+15.5%+12.2%+34.8%
Emerging MarketsEMB+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%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P GSCI Total Return IndexGSG+0.59%+23.4%+73.3%-4.0%+0.5%
Bloomberg Commodity Index TRDJCB+0.38%+18.6%+56.2%+16.6%+16.6%
Crude Oil West Texas IntermediateDBO+1.7%+36.2%+108.3%+10.9%+36.0%
Brent Crude OilBNO+2.5%+32.3%+121.0%-15.0%+16.5%
GoldIAU+0.80%-3.9%+6.2%+40.0%+41.9%
CopperCPER-0.62%+32.8%+95.1%+69.8%+107.6%
SilverSLV+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.
NameTickerPriceDoD %Δ
Deutsche Bank Long US Dollar IndexUUP$24.29-0.4%
EUR-USDEURUSD$1.21+21.4%
GBP-USDGBPUSD$1.41+41.0%
USD-JPYUSDJPY109.35¥+9.3%

Cryptocurrencies

NameTickerPriceDoD %Δ
Bitcoin USDBTCUSD$50061.82NaN%
Ethereum USDETHUSD$4092.21NaN%
Tether USDUSDTUSD$1.00NaN%
XRP USDXRPUSD$0.00NaN%

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