Pulse

Market Recap
Week of Jan. 4 through Jan. 8, 2021

The S&P 500 kicked off the first week of the new year with a 1.8% increase and fresh record highs as investors looked past turmoil at the US Capitol building and made optimistic bets on the outcomes of COVID-19 vaccine distributions and Democrats gaining control of both the Senate and the House.

The market benchmark ended the first business week of 2021 at 3,824.68, up from last week's closing level of 3,756.07 and marking a new closing high. The index also reached a new intraday high Friday at 3,826.69.

The gains came despite the US Capitol being stormed Wednesday by pro-Trump rioters who were attempting to block the certification by Congress of Joe Biden as the nation's president-elect. In the aftermath of the riot, Congress still certified Biden and Democratic congressional leaders called for President Donald Trump to be removed from office while a number of Trump administration officials resigned.

Friday's record highs also came despite weaker-than-expected monthly jobs data. US December non-farm payrolls fell by 140,000 last month when the consensus on Econoday had been for a gain of 50,000. December's fall was the first since April. Still, the unemployment rate remained unchanged at 6.7%, better than the Street's view for 6.8%.

Investors instead placed the focus of their trades on the outcome of two runoff races in Georgia that gave Democrats control of the Senate. Democrats have retained control of the House, and market participants are hopeful that having Democratic control of the presidency, House and Senate will make for a smoother path for legislation including stimulus plans that could boost the economy.

Market participants are also optimistic about the distribution of COVID-19 vaccines.

The US reported new highs in COVID-19 deaths and hospitalizations this week while a new variant of the virus continues to be identified in more parts of the country, so investors are eager for vaccines to slow down the spread of the virus, although the distribution of the vaccines has been moving more slowly than anticipated.

This week's advance was led by the energy sector, up 9.3%, followed by the materials sector, up 5.7%, and financials, up 4.9%. On the downside, three sectors fell, led by real estate, which shed 2.5%, followed by a 0.8% decline in consumer staples, and a 0.6% drop in utilities.

The energy sector's jump came as crude oil futures also rose on the week. The gainers included Apache (APA), whose shares jumped 16.8% this week as the oil and gas explorer and producer said its board authorized the company to create a holding company structure. The new structure offers advantages in risk management and provides financial and administrative flexibility, Apache's CEO said.

In the materials sector, shares of Mosaic (MOS) climbed 16.5% as JPMorgan upgraded its investment rating on the fertilizer company's stock to overweight from neutral. UBS also raised its price target on the stock this week to $28 from $27 while reiterating a buy investment rating.

In financials, Huntington Bancshares (HBAN) shares rose 14.3% on the week as the stock was added to the "Best Ideas List" at Wedbush, whose analysts said they see the lender delivering strong increases in net interest income through loan growth. The stock also received positive analyst actions this week from Piper Sandler, which upgraded its investment rating on the stock to overweight from neutral, as well as from Barclays and Jefferies, which raised their price targets on the shares.

On the downside, the real estate sector's decliners included Alexandria Real Estate Equities (ARE), which priced a public offering of 6 million shares at $164 per share, a 3.9% discount from the stock's previous close. The shares posted a weekly drop of 6.9%.

Next week's calendar appears light early in the week but will get busier as the days go by. On the economic front, the December consumer price index is due Wednesday, followed by import prices and weekly jobless claims Thursday while Friday's economic schedule includes December producer prices, retail sales, industrial production and capacity utilization, among other readings.

Fourth-quarter earnings reports from big banks including JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) are also expected Friday.

Major US Indicators Events Calendar
Jan. 11 through Jan. 17, 2021
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US Consumer Price Index
260.82
01/13/2021
8:30 AM
Monthly
0.19%
0.04%
0.20%
US Consumer Price Index MoM
0.19%
01/13/2021
8:30 AM
Monthly
323.8%
-78.06%
-45.10%
US Initial Claims for Unemployment Insurance
787000.0
01/14/2021
8:30 AM
Weekly
-0.38%
-1.99%
-9.64%
30 Year Mortgage Rate
2.67%
01/14/2021
10:00 AM
Weekly
0.38%
-0.37%
-1.48%
US Retail Sales MoM
-0.76%
01/15/2021
8:30 AM
Monthly
0.00%
0.00%
50.72%
US Retail Sales YoY
7.07%
01/15/2021
8:30 AM
Monthly
-15.18%
-7.40%
42.02%
US Producer Price Index YoY
0.76%
01/15/2021
8:30 AM
Monthly
50.62%
19.49%
--
US Business Sales
1.482T
01/15/2021
10:00 AM
Monthly
0.94%
0.86%
0.87%
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
12/16/20
0.00% 0.00%
0.00%
1.50%
--
--
-100.0%
US Consumer Price Index
11/30/20
260.82 260.32
259.68
257.82
0.19%
0.44%
1.16%
US GDP
09/30/20
21.17T 21.17T
19.52T
21.54T
0.00%
8.45%
-1.72%
US Housing Starts
11/30/20
1.547M 1.528M
1.373M
1.371M
1.24%
12.67%
12.84%
US Manufacturing New Orders
11/30/20
487.24B 482.23B
469.80B
489.17B
1.04%
3.71%
-0.39%
US Personal Consumption Expenditures
11/30/20
14.57T 14.63T
14.40T
14.75T
-0.43%
1.18%
-1.26%
US Retail Sales
11/30/20
493.30B 497.07B
489.00B
460.74B
-0.76%
0.88%
7.07%
US Total Nonfarm Payrolls
12/31/20
142.62M 142.76M
141.77M
152.00M
-0.10%
0.60%
-6.17%
View All Indicators
US Equity Major Funds Review
Benchmark:
S&P 500 Total Return
Week %
1.88%
YTD %
1.88%
1Y %
19.76%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
1.69% 1.69% 47.96%
SPDR® S&P 500 ETF Trust
1.97% 1.97% 19.75%
Vanguard Dividend Appreciation ETF
1.19% 1.19% 16.33%
Vanguard Institutional Index I
1.88% 1.88% 19.75%
Vanguard Mid-Cap ETF
3.04% 3.04% 21.40%
Vanguard Small-Cap ETF
4.66% 4.66% 24.67%
Vanguard Total Stock Market ETF
2.37% 2.37% 22.92%
iShares Russell 1000 Value ETF
2.95% 2.95% 6.05%
iShares Russell 2000 ETF
5.95% 5.95% 27.45%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
3.17% 3.17% 39.56%
American Funds Washington Mutual A
2.13% 2.13% 9.74%
Dodge & Cox Stock
4.90% 4.90% 10.98%
Fidelity® Contrafund®
0.90% 0.90% 30.92%
MFS Value I
2.39% 2.39% 6.35%
T. Rowe Price Mid-Cap Growth
3.24% 3.24% 27.42%
Vanguard Windsor™ II Admiral™
3.28% 3.28% 17.34%
View All Funds
International Equity Major Funds Review
Benchmark:
MSCI ACWI Ex USA Total Return
Week %
3.73%
YTD %
3.74%
1Y %
15.65%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
4.09% 4.09% 14.33%
Vanguard FTSE Europe ETF
4.22% 4.22% 10.22%
Vanguard Total International Stock ETF
4.36% 4.36% 15.49%
iShares MSCI EAFE ETF
3.80% 3.80% 11.50%
iShares MSCI Emerging Markets ETF
5.88% 5.88% 23.42%
iShares MSCI Eurozone ETF
3.90% 3.90% 11.86%
iShares MSCI Japan ETF
2.56% 2.56% 17.81%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
2.61% 2.61% 17.80%
American Funds Europacific Growth R6
2.76% 2.76% 28.60%
American Funds New Perspective A
4.02% 4.02% 37.44%
Franklin Mutual Global Discovery A
3.56% 3.56% -1.54%
Harbor International Institutional
4.13% 4.13% 16.08%
Invesco Developing Markets Y
3.20% 3.20% 19.84%
MFS International Intrinsic Value I
1.72% 1.72% 22.75%
Oakmark International Investor
3.60% 3.60% 9.14%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
Bloomberg Barclays US Aggregate
Week %
-0.94%
YTD %
-0.94%
1Y %
6.41%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
0.07% 0.07% 4.74%
Vanguard Interm-Term Bond ETF
-0.94% -0.94% 8.30%
Vanguard Interm-Term Corp Bd ETF
-0.90% -0.90% 8.25%
Vanguard Short-Term Bond ETF
-0.22% -0.22% 4.40%
Vanguard Total Bond Market ETF
-1.04% -1.04% 6.45%
iShares Core US Aggregate Bond ETF
-0.94% -0.94% 6.18%
iShares TIPS Bond ETF
-0.67% -0.67% 9.77%
iShares iBoxx $ High Yield Corp Bd ETF
0.08% 0.08% 4.33%
iShares iBoxx $ Invmt Grade Corp Bd ETF
-1.72% -1.72% 9.27%
Active Week % YTD % 1Y%
Dodge & Cox Income
-0.61% -0.61% 8.55%
DoubleLine Total Return Bond N
-0.37% -0.37% 3.18%
Metropolitan West Total Return Bd I
-0.78% -0.78% 8.13%
PIMCO Income Instl
-0.25% -0.25% 5.34%
PIMCO Total Return Instl
-0.81% -0.81% 7.73%
T. Rowe Price New Income
-0.67% -0.67% 4.77%
Vanguard Short-Term Investment-Grade Adm
-0.06% -0.06% 5.04%
View All Funds
Indices > S&P 500 Events Calendar
Jan. 11 through Jan. 17, 2021
Earnings Next Earnings Report
Estimate
BLK
BlackRock Inc
01/14/21
8.671
JPM
JPMorgan Chase & Co
01/15/21
2.615
WFC
Wells Fargo & Co
01/15/21
0.6069
C
Citigroup Inc
01/15/21
1.273
SCHW
Charles Schwab Corp
01/15/21
0.6980
GS
Goldman Sachs Group Inc
01/15/21
7.014
USB
U.S. Bancorp
01/15/21
0.9310
PNC
PNC Financial Services Group Inc
01/15/21
2.553
Dividends Ex-Date Amount Price
ACN
Accenture PLC
01/13/21 0.88 264.16
IEX
IDEX Corp
01/13/21 0.50 206.92
ABT
Abbott Laboratories
01/14/21 0.45 111.61
ABBV
AbbVie Inc
01/14/21 1.30 107.27
GD
General Dynamics Corp
01/14/21 1.10 150.77
EOG
EOG Resources Inc
01/14/21 0.375 58.87
MAA
Mid-America Apartment Communities Inc
01/14/21 1.025 125.27
PNC
PNC Financial Services Group Inc
01/15/21 1.15 158.19
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
0.57%
YTD %
0.57%
1Y %
41.59%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
3.16% 3.16% 28.69% 3.39%
1.222T
AAPL
Apple Inc
-0.48% -0.48% 75.72% 4.64%
2.222T
CSCO
Cisco Systems Inc
1.52% 1.52% -1.87% -0.48%
190.40B
FB
Facebook Inc
-2.05% -2.05% 24.32% 0.50%
762.12B
IBM
International Business Machines Corp
2.11% 2.11% -0.06% 1.37%
114.53B
MSFT
Microsoft Corp
-1.26% -1.26% 38.64% 1.47%
1.660T
ORCL
Oracle Corp
-1.65% -1.65% 19.04% 0.10%
186.59B
QCOM
Qualcomm Inc
2.82% 2.82% 81.02% -3.15%
177.16B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
4.88%
YTD %
4.88%
1Y %
3.30%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
7.32% 7.32% -4.47% 4.05%
281.41B
BRK.B
Berkshire Hathaway Inc
0.93% 0.93% 3.56% 6.16%
548.74B
C
Citigroup Inc
6.02% 6.02% -14.24% 0.15%
136.10B
GS
Goldman Sachs Group Inc
10.00% 10.00% 24.97% 9.67%
99.81B
JPM
JPMorgan Chase & Co
7.81% 7.81% 3.02% 5.49%
414.62B
MA
Mastercard Inc
-0.74% -0.74% 16.59% 1.23%
352.76B
V
Visa Inc
-1.50% -1.50% 12.96% 1.43%
474.94B
WFC
Wells Fargo & Co
9.97% 9.97% -34.65% -2.17%
137.22B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
1.20%
YTD %
1.20%
1Y %
10.23%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
-4.67% -4.67% -4.30% 8.23%
96.11B
BA
Boeing Co
-1.94% -1.94% -36.28% -14.66%
118.49B
CAT
Caterpillar Inc
6.72% 6.72% 35.46% 12.95%
105.53B
DHR
Danaher Corp
9.61% 9.61% 56.42% 2.99%
172.97B
GE
General Electric Co
5.00% 5.00% -4.53% -5.94%
99.34B
HON
Honeywell International Inc
-1.26% -1.26% 20.91% -5.12%
147.38B
LMT
Lockheed Martin Corp
-5.32% -5.32% -16.09% 12.41%
94.04B
UPS
United Parcel Service Inc
-5.94% -5.94% 40.34% 4.21%
136.91B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
-2.46%
YTD %
-2.46%
1Y %
-3.55%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
-4.75% -4.75% -30.05% -4.76%
14.02B
BAM
Brookfield Asset Management Inc
-4.97% -4.97% 3.02% 13.92%
59.21B
BPYU
Brookfield Property REIT Inc
13.99% 13.99% 1.95% 78.67%
666.38M
CBRE
CBRE Group Inc
-0.13% -0.13% 4.05% 6.86%
21.01B
EQIX
Equinix Inc
-3.04% -3.04% 20.43% -2.77%
61.70B
PLD
Prologis Inc
-3.07% -3.07% 11.35% 7.73%
71.41B
SPG
Simon Property Group Inc
1.42% 1.42% -36.21% -18.24%
28.38B
VTR
Ventas Inc
-3.87% -3.87% -11.93% -5.11%
17.66B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
9.29%
YTD %
9.29%
1Y %
-25.84%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
18.91% 18.91% -32.19% 6.06%
82.73B
CVX
Chevron Corp
7.85% 7.85% -18.26% -0.44%
175.33B
COP
ConocoPhillips
11.78% 11.78% -28.36% -7.52%
47.74B
XOM
Exxon Mobil Corp
10.29% 10.29% -29.09% 1.59%
192.22B
HAL
Halliburton Co
6.46% 6.46% -14.64% -1.01%
17.79B
PBR
Petroleo Brasileiro SA Petrobras
4.10% 4.10% -24.76% -0.12%
76.24B
PSX
Phillips 66
1.10% 1.10% -28.51% -1.18%
30.89B
SU
Suncor Energy Inc
10.13% 10.13% -43.20% 0.33%
28.18B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
3.48%
YTD %
3.48%
1Y %
16.75%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
0.11% 0.11% 26.35% -0.96%
189.38B
AMGN
Amgen Inc
3.73% 3.73% 2.87% 1.67%
138.84B
JNJ
Johnson & Johnson
1.69% 1.69% 13.43% 2.76%
421.31B
MRK
Merck & Co Inc
1.50% 1.50% -3.32% 2.02%
210.07B
NVS
Novartis AG
-0.41% -0.41% 3.21% -10.62%
213.89B
PFE
Pfizer Inc
0.87% 0.87% 4.74% -6.13%
206.38B
UNH
UnitedHealth Group Inc
3.62% 3.62% 24.78% 3.73%
344.79B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
-0.82%
YTD %
-0.82%
1Y %
10.51%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-6.86% -6.86% -2.83% 20.67%
219.51B
MDLZ
Mondelez International Inc
-0.48% -0.48% 10.07% 4.25%
83.22B
PEP
PepsiCo Inc
-2.78% -2.78% 10.19% 4.48%
199.25B
PM
Philip Morris International Inc
0.36% 0.36% 0.75% 3.15%
129.40B
PG
Procter & Gamble Co
-0.25% -0.25% 16.08% 6.37%
342.74B
TGT
Target Corp
9.67% 9.67% 60.06% -12.57%
96.95B
KHC
The Kraft Heinz Co
-3.00% -3.00% 16.29% -2.60%
41.10B
WMT
Walmart Inc
1.72% 1.72% 28.35% 3.39%
414.86B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
4.98%
YTD %
4.98%
1Y %
35.08%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
1.49% 1.49% 8.34% 6.92%
639.04B
AMZN
Amazon.com Inc
-2.28% -2.28% 68.22% 0.83%
1.597T
MCD
McDonald's Corp
0.60% 0.60% 7.48% -1.33%
160.85B
NKE
Nike Inc
3.45% 3.45% 45.48% -1.27%
230.72B
SBUX
Starbucks Corp
-1.22% -1.22% 21.32% 2.27%
124.02B
HD
The Home Depot Inc
1.31% 1.31% 24.24% -0.72%
289.70B
DIS
The Walt Disney Co
-1.37% -1.37% 22.90% -3.17%
323.52B
TJX
TJX Companies Inc
2.83% 2.83% 13.82% -13.01%
84.31B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
-0.59%
YTD %
-0.59%
1Y %
1.13%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
-2.66% -2.66% -6.52% -6.02%
59.72B
DTE
DTE Energy Co
-2.65% -2.65% -4.46% -10.57%
22.88B
DUK
Duke Energy Corp
-1.65% -1.65% 3.95% -5.28%
66.27B
ETR
Entergy Corp
-4.36% -4.36% -16.89% 3.50%
19.12B
NGG
National Grid PLC
1.25% 1.25% 2.14% 0.26%
42.08B
NEE
NextEra Energy Inc
5.16% 5.16% 37.33% 6.01%
158.94B
SO
Southern Co
0.23% 0.23% 2.67% 3.43%
65.03B
WEC
WEC Energy Group Inc
-4.43% -4.43% -0.82% 1.74%
27.74B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
5.69%
YTD %
5.69%
1Y %
31.27%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
8.42% 8.42% 22.14% -5.08%
4.646B
MT
ArcelorMittal SA
8.43% 8.43% 46.14% 2.54%
26.26B
DD
DuPont de Nemours Inc
15.02% 15.02% 36.05% 41.09%
60.02B
ECL
Ecolab Inc
2.49% 2.49% 19.39% 4.17%
63.30B
NTR
Nutrien Ltd
6.73% 6.73% 13.05% 8.90%
29.25B
RIO
Rio Tinto PLC
15.25% 15.25% 58.38% 10.07%
108.09B
SHW
Sherwin-Williams Co
-0.84% -0.84% 29.15% 0.17%
66.19B
VALE
Vale SA
12.89% 12.89% 48.86% 4.99%
97.06B
View All Stocks