Pulse

Market Recap
Week of Apr. 5 through Apr. 9, 2021

The S&P 500 index rose 2.7% last week to new record highs as the technology, consumer discretionary and communication services sectors led a broad climb.

The market benchmark ended the week at 4,128.80, up from its closing level of 4,019.87 last Thursday, which was the last trading day last week due to the market being closed last Friday for the Good Friday holiday. Friday's closing level marked the S&P 500's highest close ever. It also set a fresh intraday record Friday at 4,129.48.

The gains came as Federal Open Market Committee minutes released this week from the policy-setting committee's March 16-17 meeting showed agreement among members that it "would likely be some time until substantial further progress toward the Committee's maximum-employment and price-stability goals would be realized," adding that asset purchases "would continue at least at the current pace until then."

Investor sentiment also improved as JPMorgan (JPM) Chief Executive Jamie Dimon said in a letter to shareholders he sees an economic "Goldilocks moment" ahead and expects an economic boom through 2023 thanks to excess savings, new stimulus savings, deficit spending and successful COVID-19 vaccines, among other factors.

Progress continued to be made this week in vaccine distributions although newly reported COVID-19 cases in the US also rose amid spreading variants. Nearly 20% of the total US population has been fully vaccinated so far while almost 34% has had at least one dose.

The weekly advance in US stocks was broad, with all but one sector posting weekly gains. The largest percentage increase was recorded by the technology sector, up 4.7%, following by a 4.2% climb in consumer discretionary and a 3.2% rise in communication services. The lone declining sector was energy, down 4%.

The technology sector's gainers included Mastercard (MA), up 4.6% on the week, as the US-based payment technology company said worldwide online retail sales increased by $900 billion in 2020. The company also reported US retail sales excluding automotive and gasoline increased 26% year over year in March while online sales jumped 57%. Mastercard plans to release Q1 results on April 29.

Among consumer discretionary stocks, Norwegian Cruise Line (NCLH) shares climbed 10% as the cruise operator said it is planning to resume cruises from the US in July and has asked the US Centers for Disease Control & Prevention to lift the conditional sail order. The company plans to resume cruises outside the US with cruises in Greece in late July.

In communication services, Twitter (TWTR) shares jumped 12%. A Bloomberg News report said Twitter has held deal talks with audio-based social network Clubhouse in recent months but the discussions are no longer ongoing, according to unnamed people familiar with the matter.

On the downside, the energy sector's drop came as crude oil futures slid. The decliners included Occidental Petroleum (OXY), whose shares fell 10% on the week amid a regulatory filing showing activist investor Carl Icahn sold 7 million shares of the company for $25.60 each, totaling about $180 million.

Next week marks the unofficial kickoff of the Q1 earnings reporting season, with big banks JPMorgan Chase, Wells Fargo (WFC) and Goldman Sachs (GS) expected to release results Wednesday. Bank of America (BAC), Alcoa (AA) and PepsiCo (PEP) are among the companies expected to report Thursday, followed by Morgan Stanley (MS) on Friday.

As for economic data, next week's calendar features the March consumer price index on Tuesday, March retail sales on Thursday and March building permits and housing starts as well as April consumer sentiment on Friday.

Provided by MT Newswires

Major US Indicators Events Calendar
Apr. 12 through Apr. 18, 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
263.16
04/13/2021
8:30 AM
Monthly
0.35%
0.26%
0.24%
US Consumer Price Index MoM
0.35%
04/13/2021
8:30 AM
Monthly
38.25%
5.73%
35.91%
US Initial Claims for Unemployment Insurance
744000.0
04/15/2021
8:30 AM
Weekly
2.20%
10.64%
-13.99%
US Retail Sales MoM
-3.07%
04/15/2021
8:30 AM
Monthly
0.00%
--
--
US Retail Sales YoY
9.55%
04/15/2021
8:30 AM
Monthly
-26.50%
131.3%
-15.45%
30 Year Mortgage Rate
3.18%
04/15/2021
10:00 AM
Weekly
0.32%
2.59%
1.31%
US Business Sales
1.569T
04/15/2021
10:00 AM
Monthly
4.98%
0.77%
0.04%
US Business Inventories
1.982T
04/15/2021
10:00 AM
Monthly
0.54%
0.57%
0.52%
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
02/28/21
263.16 262.23
260.93
258.82
0.35%
0.86%
1.68%
US GDP
12/31/20
21.49T 21.49T
21.17T
21.75T
0.00%
1.53%
-1.16%
US Housing Starts
02/28/21
1.421M 1.584M
1.553M
1.567M
-10.29%
-8.50%
-9.32%
US Manufacturing New Orders
02/28/21
505.68B 509.74B
488.31B
496.46B
-0.80%
3.56%
1.86%
US Personal Consumption Expenditures
02/28/21
14.79T 14.94T
14.53T
14.88T
-1.00%
1.77%
-0.59%
US Retail Sales
02/28/21
507.49B 523.54B
491.71B
463.25B
-3.07%
3.21%
9.55%
US Total Nonfarm Payrolls
03/31/21
144.12M 143.20M
142.50M
150.84M
0.64%
1.13%
-4.46%
View All Indicators
US Equity Major Funds Review
Benchmark:
SPDR® S&P 500 ETF Trust
Week %
2.72%
YTD %
10.42%
1Y %
50.30%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
3.86% 7.58% 68.88%
SPDR® S&P 500 ETF Trust
2.72% 10.42% 50.30%
Vanguard Dividend Appreciation ETF
1.88% 7.26% 37.97%
Vanguard Institutional Index I
2.75% 10.39% 50.48%
Vanguard Mid-Cap ETF
1.43% 10.46% 59.35%
Vanguard Total Stock Market ETF
2.32% 10.38% 56.12%
iShares Russell 1000 Value ETF
1.29% 13.70% 45.19%
iShares Russell 2000 ETF
-0.51% 13.74% 82.12%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
2.66% 6.81% 63.82%
American Funds Washington Mutual A
1.55% 11.26% 41.38%
Dodge & Cox Stock
1.16% 18.55% 63.25%
Fidelity® Contrafund®
3.51% 7.92% 56.51%
MFS Value I
1.59% 11.07% 38.24%
T. Rowe Price Mid-Cap Growth
1.76% 6.40% 57.96%
Vanguard Dividend Growth Inv
2.11% 6.86% 34.50%
Vanguard Windsor™ II Admiral™
2.02% 14.94% 61.15%
View All Funds
International Equity Major Funds Review
Benchmark:
iShares MSCI ACWI ex US ETF
Week %
0.84%
YTD %
6.32%
1Y %
47.34%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
1.63% 7.60% 48.90%
Vanguard FTSE Europe ETF
1.84% 8.68% 47.09%
Vanguard Total International Stock ETF
0.90% 6.84% 49.60%
iShares MSCI EAFE ETF
1.47% 6.89% 43.71%
iShares MSCI Emerging Markets ETF
-0.58% 3.64% 53.96%
iShares MSCI Eurozone ETF
1.53% 8.73% 53.03%
iShares MSCI Japan ETF
0.77% 3.12% 39.94%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
1.60% 7.38% 47.50%
American Funds Europacific Growth R6
0.87% 2.19% 57.95%
American Funds New Perspective A
2.20% 5.90% 63.91%
Franklin Mutual Global Discovery A
0.74% 11.95% 41.53%
Harbor International Institutional
1.52% 7.78% 53.17%
Invesco Developing Markets Y
-0.84% 1.78% 48.23%
MFS International Intrinsic Value I
2.28% 2.03% 37.87%
Oakmark International Investor
0.31% 10.58% 73.85%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
iShares Core US Aggregate Bond ETF
Week %
0.12%
YTD %
-2.93%
1Y %
-0.65%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
0.23% 1.05% 12.73%
Vanguard Interm-Term Bond ETF
0.28% -3.57% 1.14%
Vanguard Interm-Term Corp Bd ETF
0.32% -3.28% 5.74%
Vanguard Total Bond Market ETF
0.18% -3.16% -0.64%
iShares Core US Aggregate Bond ETF
0.12% -2.93% -0.65%
iShares TIPS Bond ETF
-0.16% -1.56% 4.39%
iShares iBoxx $ High Yield Corp Bd ETF
0.15% 0.94% 11.07%
iShares iBoxx $ Invmt Grade Corp Bd ETF
0.14% -4.75% 1.81%
Active Week % YTD % 1Y%
Dodge & Cox Income
0.28% -1.97% 5.68%
DoubleLine Total Return Bond N
0.19% -1.20% 3.66%
Lord Abbett Short Duration Income F
0.29% 0.72% 8.22%
PIMCO Income Instl
0.16% 0.20% 12.62%
PIMCO Total Return Instl
0.24% -2.55% 2.85%
T. Rowe Price New Income
0.14% -2.16% 5.28%
Vanguard Interm-Term Tx-Ex Adm
0.38% 0.09% 5.73%
Vanguard Short-Term Investment-Grade Adm
0.12% -0.23% 5.61%
View All Funds
Indices > S&P 500 Events Calendar
Apr. 12 through Apr. 18, 2021
Earnings Next Earnings Report
Estimate
JPM
JPMorgan Chase & Co
04/14/21
3.003
JNJ
Johnson & Johnson
04/14/21
2.332
WFC
Wells Fargo & Co
04/14/21
0.6659
UNH
UnitedHealth Group Inc
04/15/21
4.375
BAC
Bank of America Corp
04/15/21
0.6448
PEP
PepsiCo Inc
04/15/21
1.122
C
Citigroup Inc
04/15/21
2.477
MS
Morgan Stanley
04/16/21
1.726
Dividends Ex-Date Amount Price
AMT
American Tower Corp
04/12/21 1.24 240.39
ABT
Abbott Laboratories
04/14/21 0.45 120.90
ABBV
AbbVie Inc
04/14/21 1.30 107.54
ACN
Accenture PLC
04/14/21 0.88 287.71
ATVI
Activision Blizzard Inc
04/14/21 0.47 95.78
FCX
Freeport-McMoRan Inc
04/14/21 0.075 34.04
PNC
PNC Financial Services Group Inc
04/15/21 1.15 180.21
EOG
EOG Resources Inc
04/15/21 0.4125 71.77
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
4.64%
YTD %
9.26%
1Y %
67.95%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
6.93% 30.48% 88.69% -0.78%
1.541T
AAPL
Apple Inc
8.13% 0.38% 100.0% -4.65%
2.233T
CSCO
Cisco Systems Inc
0.92% 18.18% 30.58% -3.72%
219.91B
FB
Facebook Inc
4.62% 14.39% 78.35% 0.86%
889.78B
IBM
International Business Machines Corp
1.88% 9.26% 17.86% -5.52%
121.29B
MSFT
Microsoft Corp
5.57% 15.29% 56.50% -2.88%
1.930T
ORCL
Oracle Corp
5.70% 17.79% 44.45% 0.58%
217.94B
QCOM
Qualcomm Inc
2.02% -7.27% 100.8% -6.18%
159.69B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
1.97%
YTD %
19.77%
1Y %
53.65%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
1.27% 32.59% 64.90% -4.64%
345.00B
BRK.B
Berkshire Hathaway Inc
3.02% 14.72% 37.23% -3.30%
610.41B
C
Citigroup Inc
-0.98% 18.48% 59.35% -7.21%
151.12B
GS
Goldman Sachs Group Inc
0.97% 25.92% 83.45% -5.41%
112.55B
JPM
JPMorgan Chase & Co
2.27% 24.59% 56.98% -0.98%
473.86B
MA
Mastercard Inc
4.74% 6.74% 41.78% -10.21%
377.56B
V
Visa Inc
2.61% 1.89% 28.92% -5.51%
475.59B
WFC
Wells Fargo & Co
2.20% 34.61% 25.91% -7.72%
167.43B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
1.75%
YTD %
13.86%
1Y %
61.49%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
2.75% 14.22% 38.88% -4.32%
114.72B
BA
Boeing Co
-0.24% 17.89% 66.20% -6.68%
147.29B
CAT
Caterpillar Inc
-0.86% 27.44% 89.74% -9.62%
125.83B
DHR
Danaher Corp
3.23% 4.70% 60.03% -4.97%
165.69B
GE
General Electric Co
2.41% 26.02% 91.40% -6.11%
119.47B
HON
Honeywell International Inc
4.70% 7.20% 61.76% -1.66%
157.86B
LMT
Lockheed Martin Corp
4.10% 9.66% 6.98% -4.57%
107.65B
UPS
United Parcel Service Inc
2.72% 5.14% 83.56% -5.20%
152.96B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
0.55%
YTD %
11.43%
1Y %
17.78%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
0.46% 11.85% 3.14% -6.52%
16.35B
BAM
Brookfield Asset Management Inc
1.74% 10.67% 31.56% -3.43%
68.77B
BPYU
Brookfield Property REIT Inc
0.62% 22.23% 83.31% -7.77%
688.85M
CBRE
CBRE Group Inc
0.46% 28.22% 76.32% -12.99%
27.05B
EQIX
Equinix Inc
1.40% -3.32% 1.62% -14.04%
61.38B
PLD
Prologis Inc
0.93% 10.56% 22.25% 1.36%
81.01B
SPG
Simon Property Group Inc
1.76% 37.46% 81.67% -8.29%
38.04B
VTR
Ventas Inc
0.62% 12.56% 68.63% 2.82%
20.51B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
-4.21%
YTD %
28.51%
1Y %
49.96%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
-0.77% 20.53% 5.35% -1.46%
82.71B
CVX
Chevron Corp
-2.68% 23.56% 29.22% -6.71%
198.44B
COP
ConocoPhillips
-5.16% 29.29% 53.84% -3.32%
69.27B
XOM
Exxon Mobil Corp
-2.65% 37.87% 40.25% -4.44%
236.53B
HAL
Halliburton Co
-3.88% 11.71% 159.4% -8.03%
18.72B
PBR
Petroleo Brasileiro SA Petrobras
0.24% -26.18% 24.65% -23.69%
54.07B
PSX
Phillips 66
-4.97% 14.23% 35.33% -0.36%
34.60B
SU
Suncor Energy Inc
-3.07% 25.37% 32.85% -11.34%
31.78B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
1.34%
YTD %
4.33%
1Y %
26.37%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
-0.90% 1.53% 41.95% 0.49%
189.79B
AMGN
Amgen Inc
-0.09% 9.09% 17.26% -4.80%
143.35B
JNJ
Johnson & Johnson
-0.97% 3.10% 17.28% -4.71%
424.52B
MRK
Merck & Co Inc
-1.01% -5.90% -4.49% -0.06%
193.16B
NVS
Novartis AG
1.71% -3.73% 7.14% 0.90%
197.58B
PFE
Pfizer Inc
0.83% 0.51% 13.96% -5.95%
204.16B
UNH
UnitedHealth Group Inc
2.51% 7.68% 44.69% -1.87%
355.72B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
1.38%
YTD %
2.73%
1Y %
21.87%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
1.28% -2.22% 12.20% -2.24%
229.17B
MDLZ
Mondelez International Inc
0.70% 1.19% 14.93% -2.88%
82.69B
PEP
PepsiCo Inc
0.91% -3.10% 9.95% -0.40%
196.75B
PM
Philip Morris International Inc
3.42% 11.48% 28.31% 0.27%
141.93B
PG
Procter & Gamble Co
1.56% -1.40% 21.88% -1.35%
335.81B
TGT
Target Corp
2.31% 16.75% 100.7% -2.09%
102.40B
KHC
The Kraft Heinz Co
0.27% 17.01% 49.68% -9.51%
49.10B
WMT
Walmart Inc
3.07% -2.62% 16.66% -4.93%
393.77B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
3.87%
YTD %
9.63%
1Y %
66.27%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
-0.47% -4.05% 13.72% 1.43%
605.73B
AMZN
Amazon.com Inc
6.68% 3.54% 65.08% -3.56%
1.698T
MCD
McDonald's Corp
2.78% 8.55% 29.16% -1.12%
172.71B
NKE
Nike Inc
2.20% -4.06% 57.43% -3.19%
214.01B
SBUX
Starbucks Corp
3.47% 6.25% 56.27% -2.19%
133.25B
HD
The Home Depot Inc
3.73% 20.93% 62.07% -11.42%
343.24B
DIS
The Walt Disney Co
-0.57% 3.70% 79.80% -11.41%
341.07B
TJX
TJX Companies Inc
5.26% 2.08% 42.83% -11.17%
83.75B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
1.31%
YTD %
4.15%
1Y %
10.11%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
0.77% 2.40% -2.66% -5.27%
61.50B
DTE
DTE Energy Co
1.83% 12.52% 26.22% -12.83%
26.24B
DUK
Duke Energy Corp
1.31% 7.67% 12.84% 0.43%
75.03B
ETR
Entergy Corp
1.51% 2.32% 2.06% -7.75%
20.34B
NGG
National Grid PLC
3.19% 4.25% 14.69% 7.97%
43.68B
NEE
NextEra Energy Inc
2.86% 1.55% 29.70% -8.33%
152.88B
SO
Southern Co
0.64% 3.20% 8.71% -4.55%
66.28B
WEC
WEC Energy Group Inc
-1.04% 1.16% -3.26% -9.89%
29.13B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
0.70%
YTD %
11.05%
1Y %
58.75%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
-2.70% 36.05% 323.2% -7.06%
5.843B
MT
ArcelorMittal SA
-1.29% 26.51% 176.7% -0.34%
30.52B
DD
DuPont de Nemours Inc
-2.91% 7.13% 89.85% -14.01%
40.55B
ECL
Ecolab Inc
1.19% 1.65% 23.12% -2.92%
62.78B
NTR
Nutrien Ltd
0.79% 15.00% 56.00% -9.02%
31.32B
RIO
Rio Tinto PLC
1.82% 10.74% 79.11% -0.53%
128.54B
SHW
Sherwin-Williams Co
2.22% 4.47% 56.97% -4.40%
68.32B
VALE
Vale SA
6.43% 13.36% 132.5% -2.55%
93.47B
View All Stocks