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 Feb. 18, 2022
Posted Under: Weekly Market Commentary

 
The S&P 500 Index finished lower for the week as markets reacted to several economic releases, the ongoing uncertainty in Eastern Europe, and the release of minutes from the most recent Fed meeting. The January PPI Index growth of 9.7% year over year confirmed that inflationary pressures exacerbated by supply chain bottlenecks are continuing to inflict damage on producers. Retail sales numbers on Wednesday surprised to the upside as consumer behavior was driven mostly by online retail, automobiles, and building materials. Also on Wednesday, minutes from the recent Fed meeting were released which indicated that market expectations for multiple rate hikes in 2022 are well founded. Consumer Staples was the only GICS sector to finish the week positively, followed by Materials and Consumer Discretionary. The worst performing sector for the week was Energy which remains by far the best performing sector year to date but has been whipsawed recently by the geopolitical interest at the Russia/Ukraine border. The top contributor to the return of the S&P 500 was Cisco Systems, Inc. (CSCO, +6.1%). The worst performing company in the S&P 500 was ViacomCBS Inc. (PARA, -21.2%) which changed its name to Paramount Global to promote the streaming service that the company owns. This week marked two years since the pre-COVID-19 market high and the stay-at-home trade may have finally run its course as many pandemic favorites indicated slowing growth including Shopify Inc. (SHOP, -23.7%), Etsy Inc. (ETSY, -10.2%), and Roblox Inc. (RBLX, -25.8%). In a strange turn of events, Hilton Worldwide Holdings is now outperforming Zoom Video Communications Inc. since the pre-pandemic market peak in February 2020. In the week ahead, investors will be tuning in to quarterly results from Alibaba (BABA), Home Depot (HD), Lowe's (LOW), and Macy's (M).
Posted on Tuesday, February 22, 2022 @ 8:33 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


 PREVIOUS POSTS
US Economy and Credit Markets Ended Feb. 18, 2022
Top-Performing S&P 500 Index Subsectors YTD (Thru 2/15)
Rising Bond Yields And Stock Performance
US Stock Markets Ended Feb. 11, 2022
US Economy and Credit Markets Ended Feb. 11, 2022
This Covered Call Index Tends To Outperform The S&P 500 When Returns Are Modest Or Down
S&P 500 Index Earnings & Revenue Growth Rate Projections
US Stock Market Ended Feb. 4, 2022
US Economy and Credit Markets Ended Feb. 4, 2022
S&P 500 Index Dividend Payout Profile
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.