Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended Jan. 7, 2022
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
The S&P 500 Index posted a -1.83% return last week, the first week of 2022. Uncertainty regarding inflation, near term monetary policy, supply chain issues, and Covid-19 had investors re-evaluating their equity exposures as Treasury yields rose, putting growth stocks on the losing end of the stick. The S&P 500 Growth Index declined 4.47% last week while the S&P 500 Value Index pushed higher with a 1.10% return. Sectors leading the slide included real estate, information technology, and health care, which all declined over 4.6%. Managed health care company Humana Inc. was the worst performer in the S&P 500 Index last week, returning -21.71%. The stock declined 19.37% on Thursday after the company announced a drastic cut to its previous 2022 net membership growth estimates for its Medicare Advantage products. Other poor performing health care names included Bio-Techne Corp, Align Technology Inc., West Pharmaceutical Services Inc., and IDEXX Laboratories Inc., all declining over 16%. The energy and financials sectors showed a completely different reaction to the market environment as the S&P 500 Energy Index and the S&P 500 Financials Index returned 10.61% and 5.45%, respectively. Hess Corp, Schlumberger NV, and Occidental Petroleum Corp led the energy names in the index while the best performing financials were Regions Financials Corp, M&T Bank Corp, and Citizens Financial Group Inc., with all six stocks gaining more than 14%. Media company Discovery Inc. posted the best performance in the S&P 500 Index returning 28.12%. The stock jumped on Friday with Bank of America analyst upgrading it to a buy, noting the company's potential once the $43 billion merger with AT&T's entertainment and streaming asset WarnerMedia is complete. Earnings announcements expected this week include JPMorgan Chase & Company, Wells Fargo & Company, BlackRock Inc., and Citigroup Inc., among others.
Posted on Monday, January 10, 2022 @ 8:24 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Economy and Credit Markets Ended Jan. 7, 2022
A Snapshot Of How Stocks Have Performed So Far This Millennium
The Only Constant Is Change
US Stock Markets Ended Dec. 31, 2021
US Economy and Credit Markets Ended Dec. 31, 2021
US Stock Markets Ended Dec. 23, 2021
US Economy and Credit Markets Ended Dec. 23, 2021
US Stock Markets Ended Dec. 17, 2021
US Economy and Credit Markets Ended Dec. 17, 2021
A Snapshot Of Bond Valuations
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.