Weekly Market Wrap: The S&P 500 finished 2021 on a high note recording 70 record highs throughout the year.
For The Week
- The S&P 500 added 0.85% to 4,766.18
- Oil gained 1.92% to $75.21
- Gold rose 1.18% to $1,831.20
- The US dollar slipped 0.43% at $95.59 other major world currencies.
2021 Year-To Date for the major indexes:
- The S&P Index +26.89%
- The Dow Jones Index +18.73%
- The NASDAQ Index +21.39%
- The Russell 2000 Small cap Index +13.69%
- EAFE International Index +7.83%
- 10 Year Treasury Yield is 1.51%, higher for the week and higher for the year
- 30 Year Treasury Yield is 1.91%, flat for the week and higher for the year
- WTI Crude Oil Index +55.01%
- Bloomberg Gold Index -3.64%
- The Dollar Index +6.28% against other major world currencies
Monday the S&P 500 jumped 65 points on light volume with no major data reported.
Tuesday stocks slipped 5 points on light volume as FHFA home prices rose and Shiller home prices rose a little less than expected.
Wednesday the S&P 500 gained 7 points on light volume as pending home sales fell and missed.
Thursday stocks fell 14 points on light volume as jobless claims fell a little less than expected, continuing claims were lower and Midwest manufacturing rose and beat expectations.
Friday the S&P 500 finished the year 13 points lower with no major data reported – Happy New Year Everyone!
Mortgage rates were higher last week. The national averages as reported by Bankrate.com indicate a 15-year rate of 2.53% and a 30-year rate of 3.24%. These rates are as of 1/03/2022 and may include points.
What to watch for on the economic calendar this week:
Monday – Construction Spending
Tuesday – ISM Manufacturing
Wednesday – Mortgage Applications / ADP Employment / FOMC Minutes
Thursday – Jobless Claims / ISM Non-Manufacturing / Factory Orders
Friday – December Jobs / Consumer Credit
Ronald J. VanSurksum, CFP®
Advanced Asset Management, LLC
January 03, 2022
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