Pulse

Market Recap
Week of Sep. 21 through Sep. 25, 2020

The S&P 500 index fell 0.6% last week, marking its fourth consecutive weekly drop, as investors continued to shun risky assets amid concerns about the COVID-19 pandemic.

The S&P 500 ended Friday's session at 3,298.46, down from last Friday's closing level of 3,319.47. With this being the index's fourth weekly drop in a row, it has been in the red every week of September. The measure is now down 5.8% for September with just three sessions remaining in the month.

The S&P 500 is down 8% from the record high reached Sept. 2 and was down by as much as 11% at Thursday's intraday low, marking a brief trip into correction territory, but hasn't closed at or beyond the 10% threshold that marks an official correction.

This week's drop came as COVID-19 cases in Europe and the US have been elevated while hopes are fading for US lawmakers to reach an agreement on economic stimulus prior to the November election. The recent death of Supreme Court Justice Ruth Bader Ginsburg has many Congress members now focusing more on filling the Supreme Court seat than on reaching a pandemic relief package.

The energy sector had the largest percentage drop this week, down 10.2%, followed by a 5% slide in materials and a 4.8% decline in financials. Still, two sectors ended the week in the black: technology, which rose 2% and utilities, up 0.3%.

The tumble in energy coincided with a decline in crude oil futures. Among the sector's decliners, shares of Halliburton (HAL) fell 14% while National Oilwell Varco (NOV) shed 19%.

In the materials sector, shares of Albemarle (ALB) declined 14% as Evercore ISI initiated coverage of the stock with an underperform investment rating and a price target of $86. While the target is above the stock's Friday closing level of $84.52, it is well below last Friday's closing level of $97.96.

Among financial stocks, decliners included Citizens Financial Group (CFG), which dropped 10% this week, and Unum Group (UNM), down 9.9%.

The technology sector remained an outlier as stocks improved amid increased demand during the pandemic. Among its gainers, shares of Lam Research (LRCX) rose 7.5% this week as Stifel Nicolaus upgraded its investment rating on the stock to buy from hold.

Next week, all eyes will be on September payroll data. The ADP employment report for the month will come Wednesday, followed by weekly data Thursday and the Labor Department's monthly nonfarm payrolls and unemployment rate Friday. Other key points ahead include August consumer spending on Thursday, August factory orders due Friday, and September consumer sentiment Friday.

Provided by MT Newswires.

Major US Indicators Events Calendar
Sep. 28 through Oct. 4, 2020
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US Real GDP Growth
-31.70%
09/30/2020
8:30 AM
Quarterly
0.00%
0.00%
-7.69%
US Personal Savings Rate
26.00%
09/30/2020
8:30 AM
Quarterly
170.8%
31.51%
1.39%
US Initial Claims for Unemployment Insurance
870000.0
10/01/2020
8:30 AM
Weekly
0.46%
-3.02%
1.02%
US Personal Consumption Expenditures
14.20T
10/01/2020
8:30 AM
Monthly
1.92%
6.17%
8.58%
US Personal Income
20.04T
10/01/2020
8:30 AM
Monthly
0.35%
-1.02%
-4.17%
US Real Personal Consumption Expenditures
12.78T
10/01/2020
8:30 AM
Monthly
1.59%
5.66%
8.45%
US Real Disposable Personal Income
16.09T
10/01/2020
8:30 AM
Monthly
-0.10%
-1.79%
-4.95%
30 Year Mortgage Rate
2.87%
10/01/2020
10:00 AM
Weekly
0.35%
-2.39%
0.69%
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
09/16/20
0.00% 0.00%
0.00%
1.75%
--
--
-100.0%
US Consumer Price Index
08/31/20
259.68 258.72
255.77
256.29
0.37%
1.53%
1.32%
US GDP
06/30/20
19.49T 19.49T
21.56T
21.33T
0.00%
-9.62%
-8.64%
US Housing Starts
08/31/20
1.416M 1.492M
1.038M
1.377M
-5.09%
36.42%
2.83%
US Manufacturing New Orders
07/31/20
466.08B 438.25B
382.30B
496.77B
6.35%
21.91%
-6.18%
US Personal Consumption Expenditures
07/31/20
14.20T 13.93T
12.09T
14.61T
1.92%
17.49%
-2.82%
US Retail Sales
08/31/20
482.88B 482.37B
448.79B
459.45B
0.11%
7.60%
5.10%
US Total Nonfarm Payrolls
08/31/20
140.91M 139.54M
133.03M
151.16M
0.98%
5.93%
-6.78%
View All Indicators
US Equity Major Funds Review
Benchmark:
S&P 500 Total Return
Week %
-0.61%
YTD %
3.53%
1Y %
12.64%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
1.91% 28.40% 43.93%
SPDR® S&P 500 ETF Trust
-0.58% 3.63% 12.62%
Vanguard Dividend Appreciation ETF
-0.93% 2.99% 7.98%
Vanguard Institutional Index I
-0.61% 3.53% 12.63%
Vanguard Mid-Cap ETF
-1.00% -1.72% 4.63%
Vanguard Small-Cap ETF
-2.43% -8.10% -1.71%
Vanguard Total Stock Market ETF
-0.86% 3.40% 12.15%
iShares Russell 1000 Value ETF
-2.73% -13.02% -6.85%
iShares Russell 2000 ETF
-4.11% -10.65% -3.59%
Active Week % YTD % 1Y%
American Funds Washington Mutual A
-1.67% -4.62% 2.31%
Dodge & Cox Stock
-3.90% -12.84% -4.46%
Fidelity® Contrafund®
0.86% 19.91% 31.15%
MFS Value I
-2.59% -9.47% -3.00%
T. Rowe Price Mid-Cap Growth
-0.86% 4.06% 10.04%
Vanguard Dividend Growth Inv
-1.77% 1.08% 6.13%
Vanguard Windsor™ II Admiral™
-2.34% -4.76% 3.82%
View All Funds
International Equity Major Funds Review
Benchmark:
MSCI ACWI Ex USA Total Return
Week %
-4.14%
YTD %
-6.66%
1Y %
1.77%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
-3.24% -6.92% 0.98%
Vanguard FTSE Europe ETF
-4.40% -10.09% -0.30%
Vanguard Total International Stock ETF
-3.08% -6.20% 2.14%
iShares MSCI EAFE ETF
-3.15% -7.88% -0.41%
iShares MSCI Emerging Markets ETF
-3.55% -3.74% 7.11%
iShares MSCI Eurozone ETF
-5.07% -10.17% -2.02%
iShares MSCI Japan ETF
-0.84% -0.02% 4.78%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
-1.67% -0.64% 8.35%
American Funds Europacific Growth R6
-2.31% 2.90% 13.09%
American Funds New Perspective A
-1.59% 11.57% 22.45%
Franklin Mutual Global Discovery A
-3.67% -20.81% -14.73%
Harbor International Institutional
-3.01% -7.46% 1.28%
Invesco Oppenheimer Developing Markets Y
-2.44% -2.57% 7.84%
MFS International Intrinsic Value I
-2.24% 7.66% 16.51%
Oakmark International Investor
-5.97% -21.76% -12.72%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
Bloomberg Barclays US Aggregate
Week %
-0.09%
YTD %
6.83%
1Y %
7.43%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
-1.69% -2.33% -0.01%
Vanguard Interm-Term Bond ETF
-0.24% 8.82% 9.27%
Vanguard Interm-Term Corp Bd ETF
-0.76% 6.61% 8.32%
Vanguard Short-Term Bond ETF
-0.10% 4.25% 4.98%
Vanguard Total Bond Market ETF
-0.14% 6.85% 7.43%
iShares Core US Aggregate Bond ETF
-0.08% 6.76% 7.24%
iShares iBoxx $ High Yield Corp Bd ETF
-1.59% -2.37% -0.02%
iShares iBoxx $ Invmt Grade Corp Bd ETF
-1.11% 6.94% 9.11%
Active Week % YTD % 1Y%
Dodge & Cox Income
-0.51% 6.72% 7.93%
DoubleLine Total Return Bond N
0.19% 3.52% 3.54%
Lord Abbett Short Duration Income F
-0.42% 1.13% 2.04%
Metropolitan West Total Return Bd I
-0.14% 7.80% 8.36%
PIMCO Income Instl
-0.60% 1.07% 3.80%
PIMCO Total Return Instl
-0.05% 7.82% 7.96%
T. Rowe Price New Income
-0.26% 4.10% 4.88%
Vanguard Short-Term Investment-Grade Adm
-0.14% 4.21% 5.03%
View All Funds
Indices > S&P 500 Events Calendar
Sep. 28 through Oct. 4, 2020
Earnings Next Earnings Report
Estimate
MU
Micron Technology Inc
09/29/20
0.9739
INFO
IHS Markit Ltd
09/29/20
0.6924
MKC
McCormick & Co Inc
09/29/20
1.521
PEP
PepsiCo Inc
10/01/20
1.486
STZ
Constellation Brands Inc
10/01/20
2.514
CAG
Conagra Brands Inc
10/01/20
0.5739
Dividends Ex-Date Amount Price
MDLZ
Mondelez International Inc
09/29/20 0.315 56.16
SYK
Stryker Corp
09/29/20 0.575 205.01
DE
Deere & Co
09/29/20 0.76 219.25
ITW
Illinois Tool Works Inc
09/29/20 1.14 192.63
HUM
Humana Inc
09/29/20 0.625 400.85
APD
Air Products & Chemicals Inc
09/30/20 1.34 290.71
CSCO
Cisco Systems Inc
10/01/20 0.36 38.45
BMY
Bristol-Myers Squibb Co
10/01/20 0.45 59.49
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
2.17%
YTD %
25.56%
1Y %
43.13%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
-1.03% 8.07% 15.92% 2.99%
982.81B
AAPL
Apple Inc
5.09% 54.00% 105.2% -2.17%
1.920T
CSCO
Cisco Systems Inc
-3.42% -17.88% -20.01% -5.74%
162.78B
FB
Facebook Inc
0.91% 24.15% 39.40% -7.12%
725.94B
IBM
International Business Machines Corp
-3.10% -7.93% -12.78% -0.59%
105.93B
MSFT
Microsoft Corp
3.71% 32.83% 50.82% 1.26%
1.573T
ORCL
Oracle Corp
0.08% 14.37% 13.04% 7.10%
180.05B
QCOM
Qualcomm Inc
3.44% 32.46% 52.41% -9.76%
129.19B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
-4.28%
YTD %
-22.07%
1Y %
-14.17%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
-6.82% -31.93% -17.59% -1.55%
203.52B
BRK.B
Berkshire Hathaway Inc
-3.56% -7.09% 1.12% -1.50%
502.60B
C
Citigroup Inc
-6.33% -45.90% -37.28% 6.74%
87.48B
GS
Goldman Sachs Group Inc
0.05% -13.62% -4.90% 5.36%
67.08B
JPM
JPMorgan Chase & Co
-4.96% -31.13% -17.98% 0.99%
284.86B
MA
Mastercard Inc
-1.04% 11.57% 22.30% -0.78%
332.13B
V
Visa Inc
-2.65% 5.47% 13.25% 1.51%
419.72B
WFC
Wells Fargo & Co
-5.93% -54.51% -49.85% -0.58%
97.40B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
-2.52%
YTD %
-4.55%
1Y %
0.55%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
-5.47% -6.55% 1.40% -1.90%
92.32B
BA
Boeing Co
-3.17% -51.82% -59.12% -8.91%
88.07B
CAT
Caterpillar Inc
-4.25% 1.13% 18.88% -3.84%
79.01B
DHR
Danaher Corp
0.50% 35.41% 44.71% 1.96%
146.96B
GE
General Electric Co
-11.05% -45.02% -32.95% 6.14%
53.48B
HON
Honeywell International Inc
-4.27% -7.08% -0.98% -0.15%
113.33B
LMT
Lockheed Martin Corp
-2.14% 1.19% 1.54% 5.19%
108.10B
UPS
United Parcel Service Inc
4.05% 45.78% 44.46% -10.71%
143.42B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
-2.01%
YTD %
-8.37%
1Y %
-8.56%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
-5.29% -40.44% -36.00% 2.93%
12.51B
BAM
Brookfield Asset Management Inc
-2.90% -14.82% -6.96% -4.90%
49.11B
BPYU
Brookfield Property REIT Inc
-3.04% -33.63% -37.99% -6.60%
625.54M
CBRE
CBRE Group Inc
-4.46% -24.42% -13.23% -1.97%
15.53B
EQIX
Equinix Inc
-0.10% 30.23% 31.80% -0.44%
66.53B
PLD
Prologis Inc
-1.86% 11.70% 17.69% 1.21%
72.16B
SPG
Simon Property Group Inc
-8.95% -55.75% -56.54% -14.36%
19.45B
VTR
Ventas Inc
-3.34% -24.78% -38.90% 2.20%
15.55B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
-8.68%
YTD %
-46.98%
1Y %
-45.22%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
-5.40% -49.93% -49.72% 4.46%
60.32B
CVX
Chevron Corp
-8.16% -37.96% -38.87% 9.30%
134.13B
COP
ConocoPhillips
-6.05% -46.74% -41.33% 0.54%
36.15B
XOM
Exxon Mobil Corp
-6.86% -47.63% -48.15% 4.24%
146.47B
HAL
Halliburton Co
-14.39% -48.55% -34.70% 0.22%
10.87B
PBR
Petroleo Brasileiro SA Petrobras
-9.14% -52.74% -47.59% 4.54%
48.65B
PSX
Phillips 66
-11.60% -50.75% -47.38% 3.63%
23.09B
SU
Suncor Energy Inc
-6.82% -60.89% -59.06% 12.38%
18.96B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
-1.99%
YTD %
2.50%
1Y %
16.95%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
-4.31% 1.31% 26.23% 2.30%
152.18B
AMGN
Amgen Inc
-1.57% 3.23% 27.77% 2.94%
142.80B
JNJ
Johnson & Johnson
-2.36% 1.88% 14.24% 4.58%
383.50B
MRK
Merck & Co Inc
-3.36% -6.69% 2.83% 2.13%
209.75B
NVS
Novartis AG
-4.21% -4.61% 5.60% -2.06%
199.39B
PFE
Pfizer Inc
-1.58% -5.17% 4.50% 1.09%
200.33B
UNH
UnitedHealth Group Inc
-1.79% 4.18% 38.38% 3.69%
287.48B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
-0.43%
YTD %
2.08%
1Y %
6.51%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-3.43% -9.71% -7.05% 4.06%
209.27B
MDLZ
Mondelez International Inc
-0.65% 3.10% 3.96% 4.61%
80.21B
PEP
PepsiCo Inc
1.58% -0.11% 1.77% 5.19%
184.92B
PM
Philip Morris International Inc
-1.90% -6.77% 6.82% 1.98%
117.42B
PG
Procter & Gamble Co
0.18% 12.28% 14.72% 1.03%
342.62B
TGT
Target Corp
3.72% 22.32% 47.71% 0.03%
77.27B
KHC
The Kraft Heinz Co
-2.05% -5.23% 9.60% 3.53%
35.61B
WMT
Walmart Inc
1.46% 17.02% 17.91% 4.80%
388.99B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
0.24%
YTD %
15.82%
1Y %
20.84%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
-0.48% 27.81% 53.45% -5.19%
733.47B
AMZN
Amazon.com Inc
4.75% 67.50% 75.03% 8.04%
1.550T
MCD
McDonald's Corp
-0.95% 12.52% 5.24% -0.50%
162.35B
NKE
Nike Inc
8.35% 23.53% 38.18% 27.45%
193.78B
SBUX
Starbucks Corp
-0.77% -2.62% -4.78% -1.82%
98.55B
HD
The Home Depot Inc
-2.41% 25.23% 20.66% 1.53%
289.08B
DIS
The Walt Disney Co
-3.60% -14.26% -6.27% -5.88%
224.08B
TJX
TJX Companies Inc
-5.07% -12.59% -3.49% 0.22%
63.77B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
1.21%
YTD %
-6.61%
1Y %
-5.84%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
-1.17% -3.72% 0.31% 4.76%
64.73B
DTE
DTE Energy Co
2.40% -9.06% -11.02% 1.92%
22.10B
DUK
Duke Energy Corp
-0.58% -6.60% -10.31% -5.29%
60.65B
ETR
Entergy Corp
1.62% -16.90% -14.15% 3.91%
19.42B
NGG
National Grid PLC
-0.20% -9.89% 8.15% 1.21%
38.47B
NEE
NextEra Energy Inc
1.77% 18.25% 25.51% 2.70%
137.99B
SO
Southern Co
1.89% -12.70% -9.01% -1.17%
56.83B
WEC
WEC Energy Group Inc
1.52% 6.59% 3.80% 2.96%
30.38B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
-4.50%
YTD %
3.47%
1Y %
10.17%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
-13.29% -46.30% -46.28% -2.20%
2.147B
MT
ArcelorMittal SA
-12.71% -31.07% -16.39% -3.57%
13.22B
DD
DuPont de Nemours Inc
-7.17% -12.70% -20.60% -4.79%
40.39B
ECL
Ecolab Inc
-3.92% 2.34% 0.35% 1.29%
55.94B
NTR
Nutrien Ltd
-4.47% -14.76% -15.77% -7.13%
22.61B
RIO
Rio Tinto PLC
-6.30% 6.77% 22.12% 0.45%
75.25B
SHW
Sherwin-Williams Co
0.28% 20.35% 29.22% -1.71%
63.50B
VALE
Vale SA
-2.69% -15.14% -0.42% 14.09%
55.10B
View All Stocks