Pulse

Market Recap
Week of Nov. 15 through Nov. 19, 2021

The S&P 500 index edged up 0.3% last week, resuming its upward trajectory to trade near record highs again as retailers including Macy's (M) reported quarterly earnings above analysts' expectations.

The market benchmark ended the week at 4,697.96, up from last Friday's closing level of 4,682.85. The gain erases last week's 0.3% decline, which had been the S&P 500's first weekly drop since September. The index, which on Thursday set a new record closing high at 4,704.54, is now up 2% for November to date and is up 25% for the year to date.

Last week's increase came as a number of US retailers including Macy's (M), Kohl's (KSS) and TJX (TJX) released better-than-expected quarterly results. Investors and analysts have been concerned about the impacts of rising consumer prices as well as the ongoing COVID-19 pandemic but the retailers' reports pointed to strong demand despite the inflation and pandemic concerns.

As such, the consumer discretionary sector had the largest percentage increase of the week, up 3.8%, followed by a 2.4% rise in technology. There was just one other sector in the black last week -- utilities -- which rose 0.9%.

However, the week's overall advance was limited as the energy sector tumbled 5.2%, followed by a 2.8% decline in financials and a 2% slide in materials. Other sectors in the red included industrials, communication services, consumer staples, health care and real estate.

The consumer discretionary sector's gainers included shares of Home Depot (HD), which jumped 9.7% on the week. The home improvement retailer's fiscal third-quarter results beat Wall Street estimates amid strong demand for large home improvement projects, which helped push the retailer's comparable sales growth above market expectations.

In technology, shares of Qualcomm (QCOM) climbed 12% as investors were encouraged by guidance and growth targets the company released at its investor day. Analysts at firms including Deutsche Bank, Goldman Sachs and JPMorgan Chase boosted their price targets on the stock following the update.

The energy sector's drop came as crude oil futures fell. Among the decliners, APA Corp. (APA) shed 12% on the week and EOG Resources (EOG) lost 9.7%.

In financials, shares of U.S. Bancorp (USB), the parent company of U.S. Bank, fell 4.8% as the company said it agreed to acquire TravelBank, a San Francisco-based financial technology company that helps businesses control and track expenses and automate processes, among other things. Financial terms of the deal, which is expected to close in Q4, weren't disclosed.

Next week, economic data will be consolidated into the first three days of the week as the US stock market will be closed Thursday for the Thanksgiving Day holiday and it will be shortened Friday.

The data being released earlier in the week will include the Chicago Fed National Activity Index and existing home sales for October on Monday and Markit's November readings on the manufacturing and services sectors on Tuesday. Wednesday will have a slew of reports including weekly jobless claims, Q3 gross domestic product, and October consumer spending as well as core inflation and new home sales.

Provided by MT Newswires

Major US Indicators Events Calendar
Nov. 22 through Nov. 28, 2021
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US Existing Home Sales
6.29M
11/22/2021
10:00 AM
Monthly
6.97%
-2.00%
2.21%
US Initial Claims for Unemployment Insurance
268000.0
11/24/2021
8:30 AM
Weekly
-0.37%
-0.74%
-4.24%
US Personal Consumption Expenditures
16.06T
11/24/2021
8:30 AM
Monthly
0.59%
0.98%
0.06%
US Personal Income
20.49T
11/24/2021
8:30 AM
Monthly
-1.04%
0.20%
1.07%
US Real GDP QoQ
2.00%
11/24/2021
8:30 AM
Quarterly
-70.15%
6.35%
40.00%
US Real Personal Consumption Expenditures
13.77T
11/24/2021
8:30 AM
Monthly
0.27%
0.64%
-0.35%
US Personal Savings Rate
8.90%
11/24/2021
8:30 AM
Quarterly
-15.24%
-48.78%
50.74%
US Real Disposable Personal Income
15.33T
11/24/2021
8:30 AM
Monthly
-1.62%
-0.19%
0.64%
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
11/03/21
0.00% 0.00%
0.00%
0.00%
--
--
--
US Consumer Price Index
10/31/21
276.72 274.14
272.26
260.46
0.94%
1.64%
6.24%
US GDP
09/30/21
23.17T 23.17T
22.74T
21.14T
0.00%
1.90%
9.63%
US Housing Starts
10/31/21
1.52M 1.53M
1.562M
1.514M
-0.65%
-2.69%
0.40%
US Manufacturing New Orders
09/30/21
515.89B 514.64B
506.13B
449.06B
0.24%
1.93%
14.88%
US Personal Consumption Expenditures
09/30/21
16.06T 15.97T
15.80T
14.48T
0.59%
1.63%
10.90%
US Retail Sales
10/31/21
565.77B 555.14B
543.19B
492.68B
1.92%
4.16%
14.83%
US Total Nonfarm Payrolls
10/31/21
148.32M 147.79M
146.99M
142.54M
0.36%
0.90%
4.05%
View All Indicators
US Equity Major Funds Review
Benchmark:
SPDR® S&P 500 ETF Trust
Week %
0.35%
YTD %
26.65%
1Y %
32.91%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
2.35% 29.22% 38.91%
SPDR® S&P 500 ETF Trust
0.35% 26.65% 32.91%
Vanguard Dividend Appreciation ETF
-0.28% 19.82% 23.90%
Vanguard Institutional Index I
0.36% 26.64% 33.03%
Vanguard Mid-Cap ETF
-0.80% 25.26% 32.81%
Vanguard Small-Cap ETF
-2.36% 20.14% 31.21%
Vanguard Total Stock Market ETF
-0.11% 25.25% 32.88%
iShares Russell 1000 Value ETF
-1.85% 21.40% 27.53%
iShares Russell 2000 ETF
-2.83% 19.46% 32.50%
Active Week % YTD % 1Y%
American Funds Washington Mutual A
-0.90% 23.60% 28.85%
Dodge & Cox Stock
-2.37% 29.53% 37.99%
Fidelity® Contrafund®
0.87% 27.50% 33.22%
MFS Value I
-1.13% 22.02% 26.75%
T. Rowe Price Mid-Cap Growth
-0.75% 16.54% 23.90%
Vanguard Dividend Growth Inv
-0.53% 19.90% 23.53%
Vanguard Windsor™ II Admiral™
-0.92% 27.18% 35.06%
View All Funds
International Equity Major Funds Review
Benchmark:
iShares MSCI ACWI ex US ETF
Week %
-1.50%
YTD %
8.69%
1Y %
14.93%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
-1.33% 11.96% 18.85%
Vanguard FTSE Europe ETF
-1.64% 15.99% 22.02%
Vanguard Total International Stock ETF
-1.56% 9.79% 16.34%
iShares MSCI EAFE ETF
-1.28% 11.62% 17.23%
iShares MSCI Emerging Markets ETF
-2.08% -1.02% 5.91%
iShares MSCI Eurozone ETF
-1.69% 14.74% 20.69%
iShares MSCI Japan ETF
-0.24% 4.24% 10.43%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
-0.82% 13.97% 20.73%
American Funds Europacific Growth R6
-1.55% 5.85% 15.34%
American Funds New Perspective A
1.30% 20.00% 31.22%
Franklin Mutual Global Discovery A
-2.29% 17.92% 26.00%
Harbor International Institutional
-1.81% 9.80% 16.76%
Invesco Developing Markets Y
-1.71% -0.17% 5.82%
MFS International Intrinsic Value I
0.23% 10.67% 15.78%
Oakmark International Investor
-2.27% 10.66% 21.05%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
iShares Core US Aggregate Bond ETF
Week %
0.11%
YTD %
-1.69%
1Y %
-1.40%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
-0.42% 2.78% 5.22%
Vanguard Interm-Term Bond ETF
0.06% -2.58% -2.08%
Vanguard Interm-Term Corp Bd ETF
-0.06% -1.95% -0.98%
Vanguard Short-Term Bond ETF
-0.04% -1.00% -0.66%
Vanguard Total Bond Market ETF
0.06% -1.77% -1.41%
iShares Core US Aggregate Bond ETF
0.11% -1.69% -1.40%
iShares TIPS Bond ETF
-0.05% 5.81% 7.72%
iShares iBoxx $ High Yield Corp Bd ETF
-0.33% 2.52% 4.82%
iShares iBoxx $ Invmt Grade Corp Bd ETF
0.08% -1.80% -1.08%
Active Week % YTD % 1Y%
DoubleLine Total Return Bond N
0.19% 0.08% 0.48%
Lord Abbett Short Duration Income F
0.05% 1.22% 2.02%
Metropolitan West Total Return Bd I
0.12% -1.13% -0.55%
PIMCO Income Instl
-0.26% 2.24% 4.26%
PIMCO Total Return Instl
0.04% -1.03% -0.57%
Vanguard Interm-Term Tx-Ex Adm
-0.09% 0.84% 1.58%
Vanguard Short-Term Investment-Grade Adm
-0.06% -0.33% 0.28%
View All Funds
Indices > S&P 500 Events Calendar
Nov. 22 through Nov. 28, 2021
Earnings Next Earnings Report
Estimate
A
Agilent Technologies Inc
11/22/21
1.176
KEYS
Keysight Technologies Inc
11/22/21
1.644
MDT
Medtronic PLC
11/23/21
1.288
ADSK
Autodesk Inc
11/23/21
1.257
ADI
Analog Devices Inc
11/23/21
1.698
HPQ
HP Inc
11/23/21
0.8822
BBY
Best Buy Co Inc
11/24/21
1.961
DE
Deere & Co
11/25/21
3.872
Dividends Ex-Date Amount Price
JNJ
Johnson & Johnson
11/22/21 1.06 162.89
MCO
Moody's Corporation
11/22/21 0.62 387.42
PRU
Prudential Financial Inc
11/22/21 1.15 106.53
NEE
NextEra Energy Inc
11/24/21 0.385 88.31
AMAT
Applied Materials Inc
11/24/21 0.24 150.03
SPGI
S&P Global Inc
11/24/21 0.77 461.31
KHC
The Kraft Heinz Co
11/24/21 0.40 35.34
NOC
Northrop Grumman Corp
11/26/21 1.57 353.13
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
2.39%
YTD %
32.51%
1Y %
42.29%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
0.21% 71.19% 70.02% -2.62%
1.991T
AAPL
Apple Inc
7.04% 21.74% 36.16% 3.68%
2.634T
CSCO
Cisco Systems Inc
-6.28% 22.48% 33.13% 20.51%
224.59B
IBM
International Business Machines Corp
-2.45% -3.13% 4.06% -1.52%
104.07B
FB
Meta Platforms Inc
1.29% 26.41% 26.51% -6.13%
960.54B
MSFT
Microsoft Corp
2.08% 55.55% 62.88% -3.12%
2.576T
ORCL
Oracle Corp
0.46% 47.48% 69.01% -8.63%
256.88B
QCOM
Qualcomm Inc
12.16% 23.23% 27.80% 17.90%
207.20B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
-2.81%
YTD %
34.06%
1Y %
44.90%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
-3.22% 51.92% 71.74% -4.19%
371.56B
BRK.B
Berkshire Hathaway Inc
-2.10% 20.75% 21.98% -0.29%
625.32B
C
Citigroup Inc
-4.08% 10.95% 31.21% 0.93%
131.64B
GS
Goldman Sachs Group Inc
-4.33% 48.67% 75.52% -1.64%
129.22B
JPM
JPMorgan Chase & Co
-3.56% 29.80% 42.73% -2.67%
475.56B
MA
Mastercard Inc
-6.54% -4.36% 2.24% 9.64%
333.79B
V
Visa Inc
-5.29% -7.61% -2.64% 21.55%
423.52B
WFC
Wells Fargo & Co
-4.20% 63.94% 89.14% 1.67%
194.66B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
-1.09%
YTD %
20.53%
1Y %
22.56%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
-1.60% 5.82% 7.78% -2.38%
103.28B
BA
Boeing Co
-3.09% 0.03% 4.11% 17.46%
125.84B
CAT
Caterpillar Inc
-4.22% 12.43% 18.36% -3.13%
108.43B
DHR
Danaher Corp
3.20% 41.75% 39.55% 5.73%
224.47B
GE
General Electric Co
-7.09% 15.96% 29.76% 4.87%
109.77B
HON
Honeywell International Inc
-1.75% 4.49% 9.63% -1.04%
150.41B
LMT
Lockheed Martin Corp
0.70% -1.69% -6.64% 4.22%
94.16B
UPS
United Parcel Service Inc
-1.74% 26.46% 27.92% -0.75%
181.19B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
0.04%
YTD %
34.77%
1Y %
34.22%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
-0.90% 27.07% 24.59% 0.06%
18.27B
BAM
Brookfield Asset Management Inc
-1.26% 45.58% 47.61% -0.93%
93.47B
CBRE
CBRE Group Inc
-5.32% 58.94% 70.50% 5.20%
33.36B
EQIX
Equinix Inc
2.06% 12.13% 9.61% -0.50%
71.00B
PLD
Prologis Inc
0.95% 53.16% 53.54% -3.06%
111.06B
SPG
Simon Property Group Inc
1.18% 102.1% 117.1% -0.09%
54.79B
VTR
Ventas Inc
-5.88% 7.29% 9.21% 2.11%
20.50B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
-5.00%
YTD %
49.07%
1Y %
59.08%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
-4.20% 34.42% 41.23% -10.19%
86.86B
CVX
Chevron Corp
-0.89% 39.53% 37.45% -0.60%
215.73B
COP
ConocoPhillips
-3.80% 79.55% 81.92% -8.61%
91.81B
XOM
Exxon Mobil Corp
-4.94% 56.30% 72.27% -5.16%
256.85B
HAL
Halliburton Co
-6.49% 17.34% 38.96% -3.32%
19.73B
PBR
Petroleo Brasileiro SA Petrobras
-4.79% -4.84% 16.15% -2.78%
63.53B
PSX
Phillips 66
-9.03% 4.27% 18.68% -5.84%
30.51B
SU
Suncor Energy Inc
-2.87% 52.74% 67.66% -5.34%
36.47B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
-0.63%
YTD %
18.49%
1Y %
23.78%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
-0.62% 13.67% 22.20% -8.09%
205.50B
AMGN
Amgen Inc
-1.68% -7.60% -5.44% 3.62%
116.08B
JNJ
Johnson & Johnson
-1.28% 5.42% 13.55% 1.84%
428.82B
MRK
Merck & Co Inc
-3.93% 1.28% 3.89% -15.35%
203.84B
NVS
Novartis AG
-1.01% -10.21% -2.77% -2.71%
182.68B
PFE
Pfizer Inc
2.15% 43.44% 45.90% 6.47%
285.13B
UNH
UnitedHealth Group Inc
-4.14% 26.83% 32.45% 0.16%
414.41B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
-1.08%
YTD %
8.76%
1Y %
10.55%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-2.61% 2.90% 7.06% -3.91%
238.13B
MDLZ
Mondelez International Inc
-3.60% 5.21% 7.38% -1.38%
84.42B
PEP
PepsiCo Inc
0.71% 12.91% 17.66% -7.38%
226.49B
PM
Philip Morris International Inc
-4.60% 13.42% 22.92% 2.72%
140.74B
PG
Procter & Gamble Co
0.18% 8.19% 7.89% -0.37%
355.30B
TGT
Target Corp
-3.26% 43.98% 48.32% 21.89%
122.35B
KHC
The Kraft Heinz Co
-5.05% 5.13% 15.70% 18.70%
43.30B
WMT
Walmart Inc
-3.63% -0.05% -4.94% 15.65%
397.05B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
3.74%
YTD %
32.10%
1Y %
37.73%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
-15.87% -39.70% -46.00% -0.65%
380.45B
AMZN
Amazon.com Inc
4.30% 12.88% 17.95% 3.61%
1.865T
MCD
McDonald's Corp
0.51% 19.45% 19.86% -1.40%
188.27B
NKE
Nike Inc
3.42% 24.32% 33.60% -10.04%
276.80B
SBUX
Starbucks Corp
-0.84% 5.28% 15.21% 3.11%
130.72B
HD
The Home Depot Inc
9.68% 56.43% 54.21% 13.95%
431.31B
DIS
The Walt Disney Co
-3.53% -15.00% 8.66% 15.24%
279.84B
TJX
TJX Companies Inc
3.23% 5.55% 17.09% 9.21%
85.40B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
0.98%
YTD %
9.80%
1Y %
9.29%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
-0.74% 1.19% -3.83% 0.44%
60.09B
DTE
DTE Energy Co
-0.70% -6.21% -11.40% 9.77%
21.54B
DUK
Duke Energy Corp
-1.46% 11.75% 11.58% -0.51%
75.72B
ETR
Entergy Corp
4.28% 10.16% 0.93% 0.37%
21.29B
NGG
National Grid PLC
1.19% 16.12% 12.83% -7.17%
47.91B
NEE
NextEra Energy Inc
2.32% 16.21% 19.88% 1.00%
173.28B
SO
Southern Co
1.26% 6.32% 6.95% 0.72%
66.42B
WEC
WEC Energy Group Inc
1.99% 1.31% -2.42% 0.75%
28.55B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
-1.99%
YTD %
23.57%
1Y %
28.77%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
-8.32% 107.0% 152.0% 1.00%
8.906B
MT
ArcelorMittal SA
-4.70% 32.21% 84.95% 2.64%
28.96B
DD
DuPont de Nemours Inc
-0.87% 13.86% 31.10% 2.88%
41.46B
ECL
Ecolab Inc
-0.34% 9.27% 12.33% -3.84%
67.30B
NTR
Nutrien Ltd
-0.63% 44.25% 55.82% -6.88%
38.74B
RIO
Rio Tinto PLC
-2.61% -9.33% 8.07% 0.15%
98.30B
SHW
Sherwin-Williams Co
0.42% 36.70% 37.86% -3.83%
87.11B
VALE
Vale SA
-8.76% -20.00% 5.08% 1.15%
57.16B
View All Stocks