Pulse

Market Recap
Week of Jun. 29 through Jul. 3, 2020

Last week, confidence in a V-shaped economic recovery and progress toward a coronavirus vaccine overshadowed spiking COVID-19 cases across the south, leading to a 3.0% gain in the S&P 500 in the holiday-shortened week.

The benchmark index closed on Thursday at 3,130.01 versus last Friday's 3,009.02.

Wall Street applauded data on home sales, consumer confidence, and the labor market even as Florida, Arizona, and Texas emerged as the new epicenters of the virus and put phase 3 reopening plans for the holiday weekend at risk. Restaurants, bars, and gyms were closed or had their reopening plans dialed back as confirmed cases and hospitalizations increased.

Development on a vaccine also helped dull the impact from COVID-stats after Pfizer (PFE) and BioNTech (BNTX) announced promising results from their clinical trials of one of seventeen currently COVID treatments being developed across the globe.

The surprise revision in May private payrolls was eclipsed Friday by a 4.8 million increase in June non-farm payrolls, giving investors hope that the fallout from the shuttered economy will dissipate in the second half of the year. As a result, all eleven sectors of the S&P closed higher with measurable gains in communication services taking the lead spot, up 5.2%.

The popularity of streaming services during the pandemic put Netflix (NFLX) at the top of the communication services sector with a gain of 7.6% from last Friday. Wall Street analysts conceded that the company was well-positioned to hike prices next year as the economy improves.

The consumer discretionary sector closed more than 4.7% higher as well. Takeover speculation continued to prop up shares of L Brands (LB), lifting it to the top of the rankings with a 9% gain. And thanks to a 10-year partnership with Kanye West and his Yeezy fashion line, The Gap (GPS) saw its shares driven 1.7% higher.

Outsized gains were also posted in defensive sectors like real estate (5.6%) and utilities (4.9%) even in the substantial risk-on environment.

Tech stocks gained a collective 3.7% with all but 15% of the stocks in the sector closing the week in the green. PayPal (PYPL) was vaulted towards the top of the list with a 3.7% increase as consumers step-up their online purchases, and as Venmo emerges as a key player in the digital wallet industry. The stock has closed higher for nine consecutive weeks.

Led by gains in FedEx (FDX) which reported better-than-expected results, the industrial sector was up by a more modest 4.3% by comparison but more than enough to erase last week's 4.0% loss.

Banking stocks limped into Thursday's close as the sector remains compromised by diminished demand for consumer loans, as well as the Federal Reserve's restrictions on banking dividends to protect capital levels. But thanks to strength in insurance stocks, the financial sector held onto a 1.7% gain for the week.

The economy dominated trade this week as Wall Street digested better-than-expected pending home sales, a big jump in consumer confidence, and 5.8 million reversal in private sector jobs. The latest data culminated with a record 4.8 million increase in June non-farm payrolls which pushed the employment rate down 11.1% from May's 13.3%.

On next week's calendar is data from the services sector along with the producer price index, consumer credit, and job openings.

Major US Indicators Events Calendar
Jul. 6 through Jul. 12, 2020
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US Initial Claims for Unemployment Insurance
1.427M
07/09/2020
8:30 AM
Weekly
-3.71%
-3.77%
-1.66%
30 Year Mortgage Rate
3.13%
07/09/2020
10:00 AM
Weekly
0.00%
-2.49%
0.94%
US Producer Price Index YoY
-0.84%
07/10/2020
8:30 AM
Monthly
0.00%
0.00%
-46.94%
View All Indicator Releases
Headline US Indicators Review
Indicator Name
Date
Latest Value 1M Ago
3M Ago
1Y Ago
1M Change
3M Change
1Y Change
Target Federal Funds Rate Lower Limit
06/10/20
0.00% 0.00%
0.00%
2.25%
--
--
-100.0%
US Consumer Price Index
05/31/20
255.77 255.90
259.05
255.17
-0.05%
-1.27%
0.24%
US GDP
03/31/20
21.54T 21.54T
21.73T
21.10T
0.00%
-0.87%
2.09%
US Housing Starts
05/31/20
974.00K 934.00K
1.567M
1.268M
4.28%
-37.84%
-23.19%
US Manufacturing New Orders
05/31/20
412.84B 382.30B
496.46B
490.55B
7.99%
-16.84%
-15.84%
US Personal Consumption Expenditures
05/31/20
13.16T 12.17T
14.91T
14.52T
8.17%
-11.74%
-9.32%
US Retail Sales
05/31/20
446.92B 382.65B
461.91B
453.25B
16.79%
-3.25%
-1.40%
US Total Nonfarm Payrolls
06/30/20
137.80M 133.00M
151.09M
150.76M
3.61%
-8.79%
-8.59%
View All Indicators
US Equity Major Funds Review
Benchmark:
S&P 500 Total Return
Week %
1.55%
YTD %
-2.13%
1Y %
7.42%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
2.50% 19.07% 33.79%
SPDR® S&P 500 ETF Trust
1.59% -1.96% 7.46%
Vanguard Dividend Appreciation ETF
1.77% -4.54% 3.32%
Vanguard Institutional Index I
1.55% -2.12% 7.40%
Vanguard Mid-Cap ETF
1.84% -6.57% -0.24%
Vanguard Small-Cap ETF
1.38% -11.42% -5.74%
Vanguard Total Stock Market ETF
1.56% -2.50% 6.35%
iShares Russell 1000 Value ETF
1.01% -15.97% -9.22%
iShares Russell 2000 ETF
1.39% -13.43% -6.90%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
2.12% 9.07% 17.47%
American Funds Washington Mutual A
1.25% -8.04% -0.27%
Fidelity® Contrafund®
1.74% 11.69% 18.76%
MFS Value I
0.99% -12.42% -4.81%
T. Rowe Price Mid-Cap Growth
2.14% -1.03% 4.13%
Vanguard Dividend Growth Inv
1.48% -5.53% 1.34%
Vanguard Windsor™ II Admiral™
1.02% -9.39% -0.08%
View All Funds
International Equity Major Funds Review
Benchmark:
MSCI ACWI Ex USA Total Return
Week %
2.27%
YTD %
-8.89%
1Y %
-3.40%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
0.69% -9.92% -3.99%
Vanguard FTSE Europe ETF
1.11% -11.47% -4.93%
Vanguard Total International Stock ETF
1.27% -9.23% -3.44%
iShares MSCI EAFE ETF
0.64% -9.79% -4.36%
iShares MSCI Emerging Markets ETF
2.30% -7.28% -1.91%
iShares MSCI Eurozone ETF
1.35% -11.41% -6.01%
iShares MSCI Japan ETF
-1.50% -6.12% 1.34%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
1.66% -4.07% 3.06%
American Funds Europacific Growth R6
1.52% -2.59% 4.37%
American Funds New Perspective A
2.47% 3.41% 11.96%
Franklin Mutual Global Discovery A
0.38% -21.40% -15.64%
Harbor International Institutional
0.78% -12.70% -6.09%
Invesco Oppenheimer Developing Markets Y
0.97% -6.40% -0.55%
MFS International Intrinsic Value I
1.44% 2.01% 8.67%
Oakmark International Investor
1.77% -21.52% -13.66%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
Bloomberg Barclays US Aggregate
Week %
0.31%
YTD %
6.26%
1Y %
8.70%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
0.33% -4.43% -1.00%
Vanguard Interm-Term Bond ETF
0.53% 8.20% 10.53%
Vanguard Interm-Term Corp Bd ETF
0.78% 5.84% 9.43%
Vanguard Total Bond Market ETF
0.54% 6.63% 9.13%
iShares Core US Aggregate Bond ETF
0.46% 6.46% 8.81%
iShares TIPS Bond ETF
0.46% 6.41% 8.85%
iShares iBoxx $ High Yield Corp Bd ETF
0.43% -4.10% -0.70%
iShares iBoxx $ Invmt Grade Corp Bd ETF
1.49% 7.14% 11.83%
Active Week % YTD % 1Y%
Dodge & Cox Income
0.69% 5.78% 8.67%
DoubleLine Total Return Bond N
0.28% 2.50% 3.78%
Lord Abbett Short Duration Income F
0.33% 0.24% 1.76%
Metropolitan West Total Return Bd I
0.47% 6.86% 9.34%
PIMCO Income Instl
0.33% -1.35% 0.83%
PIMCO Total Return Instl
0.44% 6.39% 8.45%
T. Rowe Price New Income
0.48% 2.93% 5.36%
Vanguard Short-Term Investment-Grade Adm
0.22% 3.37% 5.04%
View All Funds
Indices > S&P 500 Events Calendar
Jul. 6 through Jul. 12, 2020
Earnings Next Earnings Report
Estimate
PAYX
Paychex Inc
07/07/20
0.6020
WBA
Walgreens Boots Alliance Inc
07/09/20
1.246
DAL
Delta Air Lines Inc
07/10/20
-4.209
Dividends Ex-Date Amount Price
DG
Dollar General Corp
07/06/20 0.36 189.48
PGR
Progressive Corp
07/06/20 0.10 79.23
ROP
Roper Technologies Inc
07/07/20 0.5125 391.17
MA
Mastercard Inc
07/08/20 0.40 302.42
VZ
Verizon Communications Inc
07/09/20 0.615 54.79
T
AT&T Inc
07/09/20 0.52 30.08
INTU
Intuit Inc
07/09/20 0.53 305.30
GIS
General Mills Inc
07/09/20 0.49 61.48
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
1.63%
YTD %
15.75%
1Y %
34.34%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
1.62% 9.55% 31.81% 7.56%
999.83B
AAPL
Apple Inc
-0.20% 24.62% 81.74% 0.65%
1.578T
CSCO
Cisco Systems Inc
1.70% -2.54% -15.10% 5.20%
192.66B
FB
Facebook Inc
-0.96% 13.72% 19.70% 14.45%
665.04B
IBM
International Business Machines Corp
0.56% -8.54% -10.52% 3.81%
106.28B
MSFT
Microsoft Corp
2.96% 31.51% 52.89% -0.46%
1.564T
ORCL
Oracle Corp
2.59% 6.54% -2.62% 0.68%
171.66B
QCOM
Qualcomm Inc
3.27% 5.73% 22.99% -10.01%
103.35B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
-2.63%
YTD %
-24.22%
1Y %
-15.42%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
-5.78% -32.98% -18.06% -0.08%
202.05B
BRK.B
Berkshire Hathaway Inc
-0.01% -21.05% -16.64% 2.36%
434.56B
C
Citigroup Inc
-4.04% -35.58% -25.88% -3.78%
105.24B
GS
Goldman Sachs Group Inc
-4.68% -13.06% -1.81% 5.08%
67.88B
JPM
JPMorgan Chase & Co
-4.49% -31.72% -15.10% -0.77%
282.34B
MA
Mastercard Inc
1.48% 1.57% 12.36% -4.63%
303.55B
V
Visa Inc
0.87% 4.46% 12.33% -2.89%
416.59B
WFC
Wells Fargo & Co
-7.42% -51.44% -43.55% -2.64%
103.89B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
2.36%
YTD %
-14.26%
1Y %
-8.81%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
1.53% -9.26% -6.35% -14.99%
90.33B
BA
Boeing Co
3.39% -44.16% -48.03% 7.53%
102.04B
CAT
Caterpillar Inc
2.41% -12.14% -3.01% -8.48%
69.13B
DHR
Danaher Corp
4.37% 17.35% 25.24% -5.13%
127.04B
GE
General Electric Co
2.25% -38.73% -35.49% -8.47%
59.66B
HON
Honeywell International Inc
1.80% -17.02% -16.00% -1.25%
101.78B
LMT
Lockheed Martin Corp
-0.23% -5.85% 0.92% -2.20%
101.52B
UPS
United Parcel Service Inc
3.47% -0.27% 16.30% 3.56%
98.60B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
3.85%
YTD %
-6.39%
1Y %
-1.45%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
2.78% -32.16% -27.68% -11.01%
14.22B
BAM
Brookfield Asset Management Inc
-2.68% -14.46% 2.60% -7.64%
51.50B
BPYU
Brookfield Property REIT Inc
11.58% -34.60% -34.30% 6.56%
641.17M
CBRE
CBRE Group Inc
4.57% -25.75% -12.90% 0.09%
15.25B
EQIX
Equinix Inc
3.10% 24.10% 41.92% -3.73%
63.59B
PLD
Prologis Inc
4.46% 7.99% 19.44% -0.94%
70.57B
SPG
Simon Property Group Inc
5.96% -53.11% -55.66% 1.24%
21.04B
VTR
Ventas Inc
6.09% -32.69% -42.33% -4.80%
13.91B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
-1.27%
YTD %
-35.50%
1Y %
-35.23%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
-0.38% -35.24% -39.72% -5.64%
79.06B
CVX
Chevron Corp
-1.01% -24.83% -24.82% -3.03%
164.87B
COP
ConocoPhillips
-0.67% -35.29% -29.09% -2.46%
44.81B
XOM
Exxon Mobil Corp
-2.41% -35.91% -39.47% -1.88%
186.48B
HAL
Halliburton Co
1.13% -47.87% -42.66% -8.00%
11.03B
PBR
Petroleo Brasileiro SA Petrobras
0.95% -46.80% -43.58% -10.05%
55.31B
PSX
Phillips 66
-2.35% -37.18% -25.66% -3.13%
29.88B
SU
Suncor Energy Inc
0.06% -47.86% -43.97% 2.84%
25.53B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
2.93%
YTD %
0.68%
1Y %
11.19%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
1.95% 14.80% 41.03% -7.80%
174.26B
AMGN
Amgen Inc
9.84% 8.61% 42.24% -1.75%
151.91B
JNJ
Johnson & Johnson
0.93% -2.05% 3.51% 0.35%
371.65B
MRK
Merck & Co Inc
2.89% -11.99% -5.13% -2.46%
198.85B
NVS
Novartis AG
-2.27% -4.10% -1.41% -5.32%
200.42B
PFE
Pfizer Inc
6.78% -10.10% -18.81% 10.49%
191.70B
UNH
UnitedHealth Group Inc
0.69% 2.30% 24.31% -10.38%
282.86B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
1.15%
YTD %
-5.05%
1Y %
2.91%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-0.11% -17.49% -10.84% -3.95%
192.75B
MDLZ
Mondelez International Inc
1.87% -5.47% -4.26% -0.29%
73.50B
PEP
PepsiCo Inc
1.10% -1.36% 3.23% -13.94%
184.33B
PM
Philip Morris International Inc
-0.30% -14.24% -5.73% -1.58%
109.72B
PG
Procter & Gamble Co
2.54% -2.00% 11.22% 2.57%
299.26B
TGT
Target Corp
-0.58% -6.07% 40.26% -12.87%
59.56B
KHC
The Kraft Heinz Co
-0.22% 0.98% 9.39% -3.72%
38.87B
WMT
Walmart Inc
-0.42% 1.21% 8.79% -11.65%
337.60B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
2.20%
YTD %
4.00%
1Y %
8.96%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
0.65% 5.42% 27.44% -7.60%
599.86B
AMZN
Amazon.com Inc
4.93% 56.42% 49.42% 5.87%
1.442T
MCD
McDonald's Corp
0.42% -5.91% -10.23% -7.29%
136.46B
NKE
Nike Inc
-2.93% -2.33% 17.07% 7.54%
153.06B
SBUX
Starbucks Corp
-0.09% -15.24% -12.09% 1.98%
86.20B
HD
The Home Depot Inc
1.27% 15.28% 21.29% -16.81%
267.27B
DIS
The Walt Disney Co
0.74% -22.44% -20.33% -15.03%
202.63B
TJX
TJX Companies Inc
1.73% -14.94% -0.77% -9.18%
61.99B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
3.82%
YTD %
-8.71%
1Y %
-0.63%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
1.91% 2.12% 11.84% -4.69%
69.40B
DTE
DTE Energy Co
4.81% -13.61% -12.25% -2.69%
21.18B
DUK
Duke Energy Corp
3.01% -8.39% -4.25% -2.23%
60.14B
ETR
Entergy Corp
4.87% -17.76% -3.40% -3.97%
19.39B
NGG
National Grid PLC
0.16% -4.09% 12.56% 6.03%
40.83B
NEE
NextEra Energy Inc
3.03% 2.87% 21.28% -5.67%
120.60B
SO
Southern Co
3.00% -15.36% -1.47% -2.28%
55.74B
WEC
WEC Energy Group Inc
5.82% -0.89% 9.95% -7.65%
28.44B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
4.13%
YTD %
-5.16%
1Y %
-0.04%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
-7.27% -49.00% -52.92% 1.67%
2.040B
MT
ArcelorMittal SA
2.92% -37.63% -37.45% -3.65%
11.96B
DD
DuPont de Nemours Inc
1.19% -15.27% -26.68% -4.12%
39.42B
ECL
Ecolab Inc
2.48% 4.64% 2.51% -2.05%
57.11B
NTR
Nutrien Ltd
-2.05% -30.15% -36.57% 6.67%
18.53B
RIO
Rio Tinto PLC
-0.83% -0.43% -3.37% -7.04%
70.18B
SHW
Sherwin-Williams Co
1.70% 0.40% 26.94% -4.68%
52.93B
VALE
Vale SA
-1.42% -21.14% -19.61% -6.20%
53.40B
View All Stocks