Stocks Slump, Dollar Strengthens, Treasuries Gain, Commodities Decline - U.S Daily Markets Wrap

Stocks decline led by decline in large cap and technology sector stocks, while 10-year treasury yields decrease, dollar strengthens, and crude oil declines

Jun 09, 2022 by Kwhen Finance Editors

Stocks Slump, Dollar Strengthens, Treasuries Gain, Commodities Decline - U.S Daily Markets Wrap
U.S. stocks fell by 3.4% today fueled by a 2.7% decline in large cap stocks and a 3.7% decline in technology stocks. The S&P 500 Index is currently down 13.2% year-to-date, and down 1.3% over the past 12 months. The Dow Jones Industrial Average is currently down 8.7% year-to-date, and down 3.2% over the past 12 months. Elsewhere, commodities fell 0.2% with gold falling 0.3%, crude oil falling 0.9% and copper falling 1.6%. The yield on 10-year Treasuries is 2.98%, while the dollar strengthened by 0.7% against a basket of other currencies. Meanwhile, investment grade corporate bonds fell by 0.7%, and high yield bonds fell by 0.8%.

Stocks

  • The S&P 500 Index declined 3.4%.
  • The Dow Jones Industrial Average declined 2.8%.
  • The Nasdaq Composite Index declined 2.6%.
  • The Nasdaq 100 Index declined 2.7%.
  • The Volatility Index rose 2.6%.
  • Large cap stocks, as represented by the S&P 100 Index, declined 2.7%.
  • Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 2.4%.
  • Small cap stocks, as represented by the S&P SmallCap 600 Index, declined 2.1%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P 500SPY-3.4%-13.2%-1.3%+31.0%+84.1%
Dow Jones Industrial AverageDIA-2.8%-8.7%-3.2%+23.7%+72.1%
Nasdaq Composite IndexONEQ-2.6%-22.2%-12.1%+24.0%+100.2%
Nasdaq 100 IndexQQQ-2.7%-22.6%-8.2%+28.8%+122.3%
CBOE Volatility IndexVXX+2.6%+17.6%-34.2%-81.7%-20.0%
S&P Large CapOEF-2.7%-14.5%-1.5%+30.2%+88.1%
S&P Mid CapIJH-2.4%-10.8%-7.1%+32.4%+54.4%
S&P Small CapIJR-2.1%-10.7%-11.0%+38.3%+54.8%

Sectors

  • Stocks in the Industrials sector rose the most with a 0.1% gain.
  • Stocks in the Technology sector fell the most with a 3.7% decline.
  • With a 149.5% gain, stocks in the Technology sector have advanced the most over the past 5 years
  • With a 12.6% decline, stocks in the Telecom sector have declined the most over the past 5 years
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
IndustrialsIYJ+0.072%-13.0%-11.9%+22.3%+54.4%
Consumer DiscretionaryXLY0.0%-24.9%-10.6%+16.6%+78.3%
Health CareIYH0.0%-8.8%+4.6%+25.1%+80.2%
EnergyIYE-0.10%+63.4%+68.4%+109.0%+61.3%
FinancialsIYF-1.8%-11.1%-6.8%+27.0%+58.2%
UtilitiesIDU-1.9%+2.3%+14.4%+20.8%+52.9%
MaterialsIYM-2.4%+1.3%+3.5%+52.6%+70.9%
Real EstateIYR-2.6%-16.1%-5.0%+16.4%+40.9%
TelecomIYZ-2.7%-17.1%-17.8%-4.8%-12.6%
Consumer StaplesXLP-2.7%-4.5%+6.1%+26.4%+47.9%
TechnologyIYW-3.7%-22.7%-5.0%+36.2%+149.5%

Bonds

  • The yield on 1-year Treasuries increased by 3 basis points to 2.26% today.
  • The yield on 5-year Treasuries decreased by 4 basis points to 2.99% today.
  • The yield on 10-year Treasuries decreased by 6 basis points to 2.98% today.
  • The yield on 30-year Treasuries decreased by 6 basis points to 3.13% today.
NameTickerYieldDoD Yield Δ
1-year TreasuriesDGS12.26%+0.03%
5-year TreasuriesDGS52.99%-0.04%
10-year TreasuriesDGS102.98%-0.06%
30-year TreasuriesDGS303.13%-0.06%

Credit

  • Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index fell by 0.7%.
  • High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index fell by 0.8%.
  • Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index fell by 0.8%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
Investment GradeLQD-0.66%-14.3%-13.2%-11.3%+7.7%
High YieldHYG-0.80%-9.1%-7.4%-0.2%+11.2%
Emerging MarketsEMB-0.84%-16.4%-16.9%-11.6%-3.8%

Commodities

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, declined by 0.2%
  • West Texas Intermediate crude oil declined by 0.9%.
  • Brent crude oil declined by 1.0%.
  • Gold declined by 0.3%.
  • Copper declined by 1.6%.
  • Silver declined by 1.9%.
NameTickerDoD %ΔYTD %Δ1 Yr %2 Yr %5 Yr %
S&P GSCI Total Return IndexGSG-0.23%+53.9%+65.2%+156.5%+90.5%
Bloomberg Commodity Index TRDJCB0.0%+39.6%+46.2%+119.6%+76.6%
Crude Oil West Texas IntermediateDBO-0.90%+55.6%+69.5%+206.0%+172.5%
Brent Crude OilBNO-0.96%+73.6%+96.5%+240.1%+183.7%
GoldIAU-0.31%+1.1%-2.4%+8.5%+43.1%
CopperCPER-1.6%-1.4%-4.1%+63.1%+59.2%
SilverSLV-1.9%-5.4%-20.5%+22.7%+23.4%

Currencies

  • The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, strengthened by 0.7% to $27.61 today.
  • The Euro weakened by 0.9% to $1.06.
  • The British pound weakened by 0.3% to $1.25.
  • The Japanese yen strengthened by 0.1% to 134.36 per dollar.
NameTickerPriceDoD %Δ
Deutsche Bank Long US Dollar IndexUUP$27.61+0.7%
EUR-USDEURUSD$1.06-0.9%
GBP-USDGBPUSD$1.25-0.3%
USD-JPYUSDJPY134.36¥+0.1%

Cryptocurrencies

  • Bitcoin stayed level at $30402.96 today.
  • Ethereum stayed level at $1801.97 today.
  • Tether rose by 0.3% to $1.0065398858880295 today.
  • XRP declined by 0.1% to $0.4 today.
NameTickerPriceDoD %Δ
Bitcoin USDBTCUSD$30402.960.0%
Ethereum USDETHUSD$1801.970.0%
Tether USDUSDTUSD$1.01+0.3%
XRP USDTXRPUSDT0.40-0.1%

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