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

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

May 17, 2021 by Kwhen Finance Editors

Dollar Weakens, Commodities Rise, Stocks Slump, Treasuries Fall - U.S Daily Markets Wrap
U.S. stocks remained level today fueled by a 0.3% decline in large cap stocks and a 0.9% decline in telecom stocks. The S&P 500 Index is currently up 11.8% year-to-date, and up 47.8% over the past 12 months. The Dow Jones Industrial Average is currently up 13.1% year-to-date, and up 47.9% over the past 12 months. Elsewhere, commodities climbed 1.4% with gold rising 1.3%, crude oil rising 1.3% and copper rising 1.3%. The yield on 10-year Treasuries is 1.66%, while the dollar weakened by 0.1% against a basket of other currencies. Meanwhile, investment grade corporate bonds fell by 0.1%, and high yield bonds fell by 0.2%.

Stocks

  • The S&P 500 Index stayed level.
  • The Dow Jones Industrial Average stayed level.
  • The Nasdaq Composite Index declined 0.5%.
  • The Nasdaq 100 Index declined 0.6%.
  • The Volatility Index rose 3.3%.
  • Large cap stocks, as represented by the S&P 100 Index, declined 0.3%.
  • Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 0.1%.
  • Small cap stocks, as represented by the S&P SmallCap 600 Index, rose 0.3%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P 500SPY0.0%+11.8%+47.8%+50.1%+121.5%
Dow Jones Industrial AverageDIA0.0%+13.1%+47.9%+38.6%+116.7%
Nasdaq Composite IndexONEQ-0.52%+4.2%+50.2%+72.9%+194.0%
Nasdaq 100 IndexQQQ-0.61%+4.2%+47.1%+79.1%+218.7%
CBOE Volatility IndexVXX+3.3%-42.5%-73.6%-65.7%+41.6%
S&P Large CapOEF-0.30%+10.5%+44.2%+52.5%+125.3%
S&P Mid CapIJH-0.077%+18.5%+73.9%+46.3%+101.1%
S&P Small CapIJR+0.25%+21.3%+91.4%+46.1%+111.3%

Sectors

  • Stocks in the Materials sector rose the most with a 1.1% gain.
  • Stocks in the Telecom sector fell the most with a 0.9% decline.
  • With a 261.6% gain, stocks in the Technology sector have advanced the most over the past 5 years
  • With a 10.7% decline, stocks in the Energy sector have declined the most over the past 5 years
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
MaterialsIYM+1.1%+23.4%+76.2%+62.2%+98.8%
Real EstateIYR+0.092%+14.2%+43.8%+16.3%+44.5%
Consumer DiscretionaryXLY0.0%+6.4%+49.0%+49.5%+131.8%
TechnologyIYW0.0%+5.7%+50.4%+85.7%+261.6%
Health CareIYH0.0%+8.0%+24.0%+45.2%+94.6%
Consumer StaplesXLP0.0%+5.7%+27.0%+29.3%+51.6%
FinancialsIYF0.0%+23.1%+66.9%+37.0%+106.3%
IndustrialsIYJ0.0%+15.1%+70.5%+48.2%+114.5%
UtilitiesIDU0.0%+6.0%+22.9%+16.3%+51.6%
EnergyIYE0.0%+42.1%+54.7%-12.5%-10.7%
TelecomIYZ-0.89%+12.4%+31.7%+20.0%+18.3%

Bonds

  • The yield on 1-year Treasuries decreased by 45 basis points to 0.05% today.
  • The yield on 5-year Treasuries increased by 34 basis points to 0.84% today.
  • The yield on 10-year Treasuries increased by 115.99999999999999 basis points to 1.66% today.
  • The yield on 30-year Treasuries increased by 189 basis points to 2.39% today.
NameTickerYieldDoD Yield Δ
1-year TreasuriesDGS10.05%-0.45%
5-year TreasuriesDGS50.84%+0.34%
10-year TreasuriesDGS101.66%+1.16%
30-year TreasuriesDGS302.39%+1.89%

Credit

  • Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index fell by 0.1%.
  • High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index fell by 0.2%.
  • Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.1%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
Investment GradeLQD-0.11%-4.4%+4.6%+16.1%+27.7%
High YieldHYG-0.18%+1.3%+16.1%+11.9%+34.5%
Emerging MarketsEMB-0.054%-2.8%+13.2%+10.3%+25.0%

Commodities

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 1.4%
  • West Texas Intermediate crude oil rose by 1.3%.
  • Brent crude oil rose by 1.3%.
  • Gold rose by 1.3%.
  • Copper rose by 1.3%.
  • Silver rose by 2.9%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P GSCI Total Return IndexGSG+1.4%+24.2%+67.3%-6.9%-0.8%
Bloomberg Commodity Index TRDJCB+1.3%+19.1%+53.7%+17.0%+17.0%
Crude Oil West Texas IntermediateDBO+1.3%+38.6%+101.0%+8.9%+35.1%
Brent Crude OilBNO+1.3%+35.6%+102.4%-16.3%+16.4%
GoldIAU+1.3%-3.1%+5.3%+42.5%+42.8%
CopperCPER+1.3%+31.9%+93.1%+66.9%+106.7%
SilverSLV+2.9%+3.6%+64.2%+86.5%+56.0%

Currencies

  • The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, weakened by 0.1% to $24.26 today.
  • The Euro strengthened by 21.5% to $1.22.
  • The British pound strengthened by 41.4% to $1.41.
  • The Japanese yen strengthened by 9.2% to 109.18 per dollar.
NameTickerPriceDoD %Δ
Deutsche Bank Long US Dollar IndexUUP$24.26-0.1%
EUR-USDEURUSD$1.22+21.5%
GBP-USDGBPUSD$1.41+41.4%
USD-JPYUSDJPY109.18¥+9.2%

Cryptocurrencies

NameTickerPriceDoD %Δ
Bitcoin USDBTCUSD$43553.57NaN%
Ethereum USDETHUSD$3258.32NaN%
Tether USDUSDTUSD$1.00NaN%
XRP USDXRPUSD$0.00NaN%

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