Pulse

Market Recap
Week of Feb. 22 through Feb. 26, 2021

The S&P 500 fell 2.45% last week, the market benchmark's second weekly drop in a row, as every sector other than energy fell.

However, the market benchmark ended the last trading day of February with a monthly gain of 2.6% as its declines in the second half of the month failed to erase its gains in the first half.

The S&P 500 ended Friday's session at 3,811.15, down from last week's closing level of 3,906.71. It is now up 1.5% for the year to date.

The weekly drop came as investors continued to closely watch the race between COVID-19 vaccinations and the spread of variants that may be more resistant to existing vaccines. Total US deaths from COVID-19 surpassed 500,000 earlier this week, a harrowing milestone in the pandemic.

Also weighing on stocks, a jump in bond yields this week prompted investors to worry the Federal Reserve could boost rates sooner than expected.

The utilities sector had the largest percentage drop of the week, down 5.1%, followed by a 4.9% slide in consumer discretionary and a 4% slip in technology. Energy was the lone sector that bucked the drop, rising 4.3%.

CenterPoint Energy (CNP) was among the utilities sector's decliners. The company reported Q4 adjusted earnings per share below the year-earlier period, although the adjusted EPS still beat analysts' expectations and its revenue also topped the Street view. Shares fell 9.3%.

Also in utilities, shares of American Water Works (AWK) shed 9.4% despite better-than-expected Q4 earnings as the company's revenue for the quarter missed the Street view. The midpoint of its guidance range for 2021 EPS also was slightly below analysts' mean estimate.

The decliners in consumer discretionary included Best Buy (BBY) as the electronics retailer reported fiscal fourth-quarter sales below analysts' expectations as same-store sales also missed the consensus estimate. While the company's adjusted earnings per share for the quarter still beat the Street view, Chief Executive Corie Barry warned investors of "a high level of uncertainty related to the impacts of the COVID-19 pandemic." Shares fell 15% on the week.

Among the technology sector's decliners, shares of Leidos Holdings (LDOS) shed 15% as the company announced an agreement to acquire Gibbs & Cox, an engineering and design firm specializing in naval architecture and marine engineering, for $380 million in cash. Leidos also reported Q4 adjusted earnings per share above analysts' expectations, but its revenue missed the Street view and its guidance for the new fiscal year's adjusted EPS also came in below expectations.

On the upside, the energy sector's advance came as crude oil futures also climbed. Among the gainers, shares of Marathon Oil (MRO) rose 17% on the week as the company reported a narrower-than-expected adjusted net loss for Q4 despite weaker-than-expected revenue.

As the calendar turns to March next week, February manufacturing data are due Monday from Markit and the Institute for Supply Management in addition to construction spending for January. However, the biggest focus will be on the February employment figures due later in the week, with monthly private-sector jobs data from Automatic Data Processing (ADP) expected Wednesday while Thursday will bring weekly jobless claims and Friday will feature the Labor Department's nonfarm payrolls and unemployment rate for February.

Major US Indicators Events Calendar
Mar. 1 through Mar. 7, 2021
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US ISM Manufacturing PMI
58.70
03/01/2021
10:00 AM
Monthly
-2.98%
5.22%
-3.04%
US Initial Claims for Unemployment Insurance
730000.0
03/04/2021
8:30 AM
Weekly
-13.20%
-0.83%
4.43%
US Unit Labor Costs: Nonfarm Business QoQ
6.80%
03/04/2021
8:30 AM
Quarterly
-44.72%
0.00%
28.13%
US Productivity
-4.80%
03/04/2021
8:30 AM
Quarterly
0.00%
-51.89%
--
30 Year Mortgage Rate
2.81%
03/04/2021
10:00 AM
Weekly
2.93%
0.00%
0.00%
US Manufacturing Shipments
501.82B
03/04/2021
10:00 AM
Monthly
1.70%
0.81%
1.19%
US Manufacturing New Orders
493.55B
03/04/2021
10:00 AM
Monthly
1.07%
1.26%
1.32%
US Total Nonfarm Payrolls
142.63M
03/05/2021
8:30 AM
Monthly
0.03%
-0.16%
0.19%
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
01/27/21
0.00% 0.00%
0.00%
1.50%
--
--
-100.0%
US Consumer Price Index
01/31/21
262.23 261.56
260.46
258.69
0.26%
0.68%
1.37%
US GDP
12/31/20
21.49T 21.49T
21.17T
21.75T
0.00%
1.50%
-1.19%
US Housing Starts
01/31/21
1.58M 1.68M
1.53M
1.617M
-5.95%
3.27%
-2.29%
US Manufacturing New Orders
12/31/20
493.55B 488.31B
475.93B
497.70B
1.07%
3.70%
-0.83%
US Personal Consumption Expenditures
01/31/21
14.82T 14.48T
14.62T
14.88T
2.35%
1.36%
-0.43%
US Retail Sales
01/31/21
513.58B 488.58B
496.66B
463.41B
5.12%
3.41%
10.83%
US Total Nonfarm Payrolls
01/31/21
142.63M 142.58M
142.54M
152.23M
0.03%
0.06%
-6.31%
View All Indicators
US Equity Major Funds Review
Benchmark:
SPDR® S&P 500 ETF Trust
Week %
-2.48%
YTD %
1.73%
1Y %
24.43%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
-5.10% 0.13% 46.15%
SPDR® S&P 500 ETF Trust
-2.48% 1.73% 24.43%
Vanguard Dividend Appreciation ETF
-1.85% -1.39% 16.68%
Vanguard Institutional Index I
-2.41% 1.72% 24.51%
Vanguard Mid-Cap ETF
-3.01% 4.84% 28.90%
Vanguard Small-Cap ETF
-2.58% 8.30% 37.12%
Vanguard Total Stock Market ETF
-2.86% 2.79% 28.51%
iShares Russell 1000 Value ETF
-0.99% 5.00% 14.99%
iShares Russell 2000 ETF
-3.06% 11.35% 43.31%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
-3.83% 1.58% 40.79%
American Funds Washington Mutual A
-1.39% 2.93% 16.61%
Fidelity® Contrafund®
-3.63% 0.42% 33.02%
MFS Value I
-1.20% 1.97% 11.92%
T. Rowe Price Mid-Cap Growth
-3.58% 1.87% 31.75%
Vanguard Dividend Growth Inv
-1.30% -2.02% 12.76%
Vanguard Windsor™ II Admiral™
-1.29% 6.06% 28.45%
View All Funds
International Equity Major Funds Review
Benchmark:
iShares MSCI ACWI ex US ETF
Week %
-4.24%
YTD %
2.26%
1Y %
20.75%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
-3.01% 1.69% 20.11%
Vanguard FTSE Europe ETF
-2.24% 1.66% 15.61%
Vanguard Total International Stock ETF
-3.92% 2.56% 21.77%
iShares MSCI EAFE ETF
-2.94% 1.44% 17.44%
iShares MSCI Emerging Markets ETF
-6.61% 3.99% 31.05%
iShares MSCI Eurozone ETF
-1.95% 1.59% 18.07%
iShares MSCI Japan ETF
-4.37% 0.98% 25.75%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
-3.20% 1.78% 23.60%
American Funds Europacific Growth R6
-5.72% 0.65% 34.30%
American Funds New Perspective A
-4.31% 1.22% 38.03%
Franklin Mutual Global Discovery A
0.07% 4.73% 8.86%
Harbor International Institutional
-2.26% 2.09% 22.65%
Invesco Developing Markets Y
-6.10% 2.17% 28.24%
MFS International Intrinsic Value I
-4.33% -4.05% 20.43%
Oakmark International Investor
-1.24% 6.59% 25.86%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
iShares Core US Aggregate Bond ETF
Week %
-0.43%
YTD %
-2.25%
1Y %
2.13%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
-1.04% -0.35% 5.48%
Vanguard Interm-Term Bond ETF
-0.74% -2.56% 3.29%
Vanguard Interm-Term Corp Bd ETF
-0.85% -2.45% 3.88%
Vanguard Short-Term Bond ETF
-0.28% -0.45% 2.82%
Vanguard Total Bond Market ETF
-0.37% -2.40% 2.19%
iShares Core US Aggregate Bond ETF
-0.43% -2.25% 2.13%
iShares iBoxx $ High Yield Corp Bd ETF
-1.21% -0.62% 4.68%
iShares iBoxx $ Invmt Grade Corp Bd ETF
-0.68% -4.05% 3.41%
Active Week % YTD % 1Y%
Dodge & Cox Income
-0.48% -1.50% 5.48%
Lord Abbett Short Duration Income F
-0.18% 0.43% 2.49%
Metropolitan West Total Return Bd I
-0.43% -1.86% 3.97%
PIMCO Income Instl
-0.66% -0.08% 4.72%
PIMCO Total Return Instl
-0.44% -1.84% 3.50%
T. Rowe Price New Income
-0.58% -1.64% 1.38%
Vanguard Interm-Term Tx-Ex Adm
-1.10% -0.84% 1.76%
Vanguard Short-Term Investment-Grade Adm
-0.23% -0.15% 3.71%
View All Funds
Indices > S&P 500 Events Calendar
Mar. 1 through Mar. 7, 2021
Earnings Next Earnings Report
Estimate
AVGO
Broadcom Inc
03/02/21
6.561
PGR
Progressive Corp
03/02/21
1.831
ROST
Ross Stores Inc
03/02/21
0.9986
MCHP
Microchip Technology Inc
03/02/21
1.736
AZO
AutoZone Inc
03/02/21
12.79
TGT
Target Corp
03/03/21
2.538
COST
Costco Wholesale Corp
03/04/21
2.431
BF.B
Brown-Forman Corp
03/04/21
0.4297
Dividends Ex-Date Amount Price
GS
Goldman Sachs Group Inc
03/01/21 1.25 319.48
QCOM
Qualcomm Inc
03/03/21 0.65 136.19
BAC
Bank of America Corp
03/04/21 0.18 34.71
PEP
PepsiCo Inc
03/04/21 1.022 129.19
LIN
Linde PLC
03/04/21 1.06 244.27
BLK
BlackRock Inc
03/04/21 4.13 694.50
GE
General Electric Co
03/05/21 0.01 12.54
FDX
FedEx Corp
03/05/21 0.65 254.50
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
-3.94%
YTD %
0.52%
1Y %
42.75%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
-3.06% 16.27% 46.20% 0.25%
1.373T
AAPL
Apple Inc
-6.63% -8.48% 67.02% 5.85%
2.036T
CSCO
Cisco Systems Inc
-1.77% 1.09% 10.14% -0.34%
189.43B
FB
Facebook Inc
-1.51% -5.69% 30.64% -1.87%
733.62B
IBM
International Business Machines Corp
-0.05% -4.26% -10.21% 1.97%
106.28B
MSFT
Microsoft Corp
-3.56% 4.72% 37.95% 5.61%
1.753T
ORCL
Oracle Corp
5.53% 0.10% 26.01% 18.48%
189.92B
QCOM
Qualcomm Inc
-6.04% -10.60% 75.26% 10.97%
154.71B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
-0.31%
YTD %
9.60%
1Y %
16.18%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
0.49% 14.52% 16.37% 3.03%
299.66B
BRK.B
Berkshire Hathaway Inc
-0.55% 3.73% 11.32% 4.45%
563.93B
C
Citigroup Inc
0.15% 7.78% 0.80% 2.59%
137.17B
GS
Goldman Sachs Group Inc
1.22% 21.15% 51.66% 0.93%
110.47B
JPM
JPMorgan Chase & Co
-0.57% 16.65% 20.53% -0.51%
449.09B
MA
Mastercard Inc
6.21% -0.74% 19.35% 7.98%
351.50B
V
Visa Inc
3.74% -2.75% 14.16% 4.12%
453.94B
WFC
Wells Fargo & Co
-4.39% 20.21% -15.42% -1.86%
149.53B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
-0.41%
YTD %
2.33%
1Y %
19.65%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
-0.84% 0.99% 21.82% -5.69%
101.38B
BA
Boeing Co
-2.51% -0.96% -30.62% 9.65%
123.60B
CAT
Caterpillar Inc
2.84% 19.23% 73.05% 5.83%
117.72B
DHR
Danaher Corp
-5.00% -1.11% 44.92% 2.04%
156.45B
GE
General Electric Co
4.33% 16.11% 15.11% 4.38%
109.95B
HON
Honeywell International Inc
-0.14% -4.43% 24.42% 1.80%
140.73B
LMT
Lockheed Martin Corp
-0.77% -6.23% -14.80% -5.67%
92.50B
UPS
United Parcel Service Inc
-1.69% -5.68% 73.38% -6.11%
136.84B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
-1.97%
YTD %
2.13%
1Y %
-3.30%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
7.47% 4.87% -23.51% 5.34%
15.44B
BAM
Brookfield Asset Management Inc
-6.84% -1.92% -3.22% 1.15%
60.91B
BPYU
Brookfield Property REIT Inc
-3.87% 19.36% 11.54% 3.52%
684.77M
CBRE
CBRE Group Inc
4.17% 20.81% 33.09% 16.41%
25.43B
EQIX
Equinix Inc
-4.27% -8.82% 4.53% 15.09%
57.89B
PLD
Prologis Inc
-5.92% -0.59% 11.30% 6.04%
73.26B
SPG
Simon Property Group Inc
3.19% 32.41% -9.79% 1.38%
37.09B
VTR
Ventas Inc
0.97% 7.87% -5.47% 6.25%
19.82B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
4.27%
YTD %
27.04%
1Y %
7.53%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
6.73% 20.63% -19.66% 5.53%
82.79B
CVX
Chevron Corp
4.38% 20.05% 7.97% 6.77%
192.50B
COP
ConocoPhillips
7.41% 31.26% 6.00% 1.65%
70.46B
XOM
Exxon Mobil Corp
3.82% 34.17% 11.04% 0.08%
230.17B
HAL
Halliburton Co
8.07% 15.50% 21.05% 1.42%
19.40B
PBR
Petroleo Brasileiro SA Petrobras
-21.09% -29.39% -36.15% 49.76%
51.72B
PSX
Phillips 66
0.90% 20.04% 8.91% 1.79%
36.29B
SU
Suncor Energy Inc
4.64% 18.36% -27.21% 7.39%
30.29B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
-1.57%
YTD %
-0.73%
1Y %
18.00%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
2.60% 1.72% 28.28% 2.04%
190.26B
AMGN
Amgen Inc
-2.92% -1.44% 7.76% 4.01%
129.91B
JNJ
Johnson & Johnson
-2.17% 1.31% 13.28% 4.28%
416.54B
MRK
Merck & Co Inc
-2.27% -11.22% -6.28% 1.21%
183.73B
NVS
Novartis AG
-2.83% -9.02% 2.26% 1.51%
193.88B
PFE
Pfizer Inc
-2.76% -8.03% 6.28% -0.58%
186.15B
UNH
UnitedHealth Group Inc
2.35% -5.26% 28.35% 4.05%
315.22B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
-2.53%
YTD %
-6.15%
1Y %
5.57%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-2.24% -10.67% -12.06% -9.62%
210.75B
MDLZ
Mondelez International Inc
-2.12% -9.08% -4.41% 1.28%
75.07B
PEP
PepsiCo Inc
-2.51% -12.89% -6.33% 5.90%
178.23B
PM
Philip Morris International Inc
-1.67% 1.49% 3.99% -1.84%
130.86B
PG
Procter & Gamble Co
-2.82% -10.68% 5.35% 6.67%
304.19B
TGT
Target Corp
-2.85% 4.29% 68.78% -5.18%
91.86B
KHC
The Kraft Heinz Co
-2.93% 4.96% 50.13% -0.41%
44.50B
WMT
Walmart Inc
-6.09% -9.87% 16.11% 10.10%
367.58B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
-4.99%
YTD %
0.23%
1Y %
34.13%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
-9.80% 2.16% 13.90% -13.98%
644.92B
AMZN
Amazon.com Inc
-4.83% -5.04% 56.24% 1.92%
1.557T
MCD
McDonald's Corp
-2.27% -3.33% 1.21% 4.39%
153.69B
NKE
Nike Inc
-4.90% -4.53% 48.19% 11.31%
212.48B
SBUX
Starbucks Corp
4.51% 1.42% 36.60% 10.39%
127.18B
HD
The Home Depot Inc
-7.62% -2.74% 12.44% 24.05%
278.13B
DIS
The Walt Disney Co
2.93% 4.34% 53.24% 15.33%
343.16B
TJX
TJX Companies Inc
-2.51% -3.00% 3.52% 16.09%
79.23B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
-4.97%
YTD %
-6.92%
1Y %
-10.20%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
-3.98% -9.15% -17.86% 5.46%
55.74B
DTE
DTE Energy Co
-2.05% -3.04% -1.97% 8.62%
22.81B
DUK
Duke Energy Corp
-3.21% -5.52% -9.62% 1.68%
62.99B
ETR
Entergy Corp
-6.84% -12.18% -28.25% 6.52%
17.38B
NGG
National Grid PLC
-5.40% -5.32% -11.83% 4.83%
39.67B
NEE
NextEra Energy Inc
-5.43% -4.26% 11.91% 8.83%
144.01B
SO
Southern Co
-4.37% -6.68% -10.40% 0.70%
59.93B
WEC
WEC Energy Group Inc
-3.11% -11.67% -17.27% 7.23%
25.44B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
-2.00%
YTD %
1.60%
1Y %
34.50%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
6.14% 6.51% 73.87% 12.15%
4.566B
MT
ArcelorMittal SA
-2.68% 1.62% 58.19% 6.24%
25.15B
DD
DuPont de Nemours Inc
1.19% -0.69% 52.87% -8.36%
37.84B
ECL
Ecolab Inc
0.62% -3.24% 8.73% 3.90%
59.76B
NTR
Nutrien Ltd
-4.50% 12.04% 40.01% 3.24%
30.72B
RIO
Rio Tinto PLC
-2.88% 16.19% 89.20% 1.02%
141.43B
SHW
Sherwin-Williams Co
-4.87% -7.20% 24.96% 12.34%
60.96B
VALE
Vale SA
-7.24% 0.84% 72.67% -4.57%
86.70B
View All Stocks