The Week 37 of 2021 US Stock Market News Recap

By Larry C. Paxton

US Stock Market Indices Summary
Week 37 of 2021 Ending 09/17/21
	DJIA	NASDAQ	S&P500
Previous Year Close(12/31/20)	30,606.48	12,888.28	3,756.07
Previous Quarter Close(06/30/21	34,502.51	14,503.95	4,297.50
Previous Month Close(8/31/21)	35,360.73	15,259.24	4,522.68
Record Close Date	08/16/21	09/07/21	09/02/21
Record Close	35,625.40	15,374.33	4,536.95
Week 36-Friday & Close	34,607.72	15,115.49	4,458.58
Week 37-Monday	34,869.63	15,105.58	4,468.73
Day Change	261.91	(9.91)	10.15
Day % Change	0.76%	-0.07%	0.23%
Week 37-Tuesday	34,577.57	15,037.76	4,443.05
Day Change	(292.06)	(67.82)	(25.68)
Day % Change	-0.84%	-0.45%	-0.57%
Week 37-Wednesday	34,814.39	15,161.53	4,480.70
Day Change	236.82	123.77	37.65
Day % Change	0.68%	0.82%	0.85%
Week 37-Thursday	34,751.32	15,181.92	4,473.75
Day Change	(63.07)	20.39	(6.95)
Day % Change	-0.18%	0.13%	-0.16%
Week 37-Friday & Close	34,584.88	15,043.97	4,432.99
Day Change	(166.44)	(137.95)	(40.76)
Day % Change	-0.48%	-0.91%	-0.91%
Change Week	-22.84	-71.52	-25.59
% Change Week	-0.07%	-0.47%	-0.57%
Change Month-to-Date	(775.85)	(215.27)	(89.69)
% Change Month-to-Date	-2.19%	-1.41%	-1.98%
Change Quarter-to-Date	82.37	540.02	135.49
% Change Quarter-to-Date	0.24%	3.72%	3.15%
Change Year-to-Date	3,978.40	2,155.69	676.92
% Change Year-to-Date	13.00%	16.73%	18.02%
Change Record	(1,040.52)	(330.36)	(103.96)
% Change Record	-2.92%	-2.15%	-2.29%
The Stock Market Bull and Bear Tallies YTD
Week 37 Winner and Tally	Bear	3-0	Win
August Winner and Tally	Bull	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	16	5	Winning
The Stock Market Bear	13	0	Losing
Mixed Result	8	3
Totals	37	8

The US Stock Market Week 37 Summary:

The Stock Market Bull came out in round 1 fresh, well rested, and strong, and had a good Monday, but did just barely lose out on the NASDAQ. Encouraged, The Stock Market Bear struck back on Tuesday inflicting losses greater than the gains on Monday for round 2. With determination The Stock Market Bull struck back on Wednesday, recovered the losses and looked poised to win Week 37 after round 3. The Stock Market Bear took Thursday by a small margin mixed result, inflicting some minor losses on the DJIA and S&P500. The Stock Market Bull was still ahead after round 4, but was showing signs of fatigue. The Stock Market Bear sensed this and came out Friday chasing The Stock Market Bull all around the ring and landing some haymakers, takes round 5 just enough to get a full 3-0 win  for Week 37, his first back-to-back weekly win in 2021 and setting the stage for what could be a volatile Week 38.

Summary News Items for Week 37:

US Economic News

• Friday, September 17, 2021

• The U of Michigan Preliminary September 2021 US Consumer Sentiment Survey is at 71.0, August was at 70.3, July 81.2, September 2020 80.4, September 2019 93.2. “The steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade.”

• Thursday, September 16, 2021

• The US Dept of Labor says the 2Q21 US Average Employee Costs per Hour-Wages & Salaries is at $26.85, Benefits $12.06, making 2Q21 US Average Employee Costs per Hour at $38.91, 1Q21 was at $39.02, 4Q20 $38.60, 2Q20 $38.21, 2Q19 $36.60.
• The US Dept of Commerce/Census says the Preliminary July 2021 US Monthly Sales-Manufacturers is at $508.5 billion, Retailers $542.4 billion, Wholesalers $601.3 billion, making July 2021 US Monthly Sales Total at $1,652.2 billion, June was at $1,644.7 billion, May $1,618.5 billion, July 2020 $1,369.0 billion, July 2019 $1,458.2 billion.
• The US Dept of Commerce/Census says the Advance August 2021 Monthly Retail Trade-Retailers is at $546.7 billion, Food Services & Drinking Places $72.0 billion, making the August 2021 Monthly Retail Trade Total at $618.7 billion, July was at $614.3 billion, June $625.4 billion, August 2020 $537.2 billion, August 2019 $524.5 billion.
• The US Federal Reserve Bank of Philadelphia says the September 2021 US 3rd District Manufacturing General Activity Indicator is at +30.7, August was at +19.4, July +21.9, September 2020 +13.6, September 2019 +10.6. “… the surveyed firms remained generally optimistic about growth over the next six months.”

• Wednesday, September 15, 2021

• The US Dept of Labor says the Preliminary August 2021 US Import Monthly Price Change is at -0.3%, Exports +0.4%; the August 2021 US Import Year-to-Year Price Change is at +9.0%, July was at +10.2%, June +11.2%, August 2020 -1.4%, August 2019 -2.0%, August 2021 US Export Year-to-Year Price Change is at +16.8%, July was at +17.2%, June +16.8%, August 2020 -1.4%, August 2019 -2.0%.
• The US Federal Reserve says the Preliminary August 2021 US Total Factory % of Capacity is at 76.4%, July was at 76.2%, June 75.6%, August 2020 72.5%, August 2019 77.8%.
• The US Federal Reserve Bank of New York says the September 2021 Empire State Manufacturing General Business Conditions Index is at +34.3, August was at +18.3, July 43.0, September 2020 +17.0, September 2019 +2.2. “Business activity grew at a swift pace in New York State, according to firms responding to the September 2021 Empire State Manufacturing Survey… Looking ahead, firms remained very optimistic that conditions would improve over the next six months, and capital spending and technology spending plans increased markedly.”

• Tuesday, September 14, 2021

• The US Dept of Labor says the Preliminary August 2021 US Current Average Earnings/Hour is at $30.73, Average Hours Per Week are at 34.7, making August 2021 US Average Earnings/Week at $1,066.33, July was at $1,060.43, June $1,056.27, August 2020 $1,022.61, August 2019 $968.70.
• The US Dept of Labor says the August 2021 US Consumer Price Index Monthly Change is at +0.3% and the August 2021 US Consumer Price Index 12 Month Change is at +5.3%, July was at +5.4%, June +5.4%, August 2020 +1.3%, August 2019 +1.7%.
• CoreLogic says the June 2021 US Housing Mortgages 30 or More Days Delinquent is at 4.4%, May was at 4.7%, April 4.7%, June 2020 7.1%, June 2019 4.0%. “The downward trend in delinquencies, especially serious cases, is very encouraging — and a testimony to the impact of the significant economic rebound over the past six months, as well as government stimuli, record-low mortgage rates and loan modification options. Providing resources to homeowners experiencing distress to help educate them on available government and private-sector support will aide in shrinking delinquency and foreclosure rates even more over the remainder of this year.”
• Boeing(PBR55) forecasts $9 trillion aerospace market opportunities in commercial, defense and services over next decade.

• Monday, September 13, 2021

• The US Dept of the Treasury says the August 2021 US Federal Government Receipts are at $268.4 billion, Outlays $439.0 billion, making the August 2021 US Federal Government Deficit at $170.6 billion; the August 2021 YTD(11 months) Federal Government Receipts are at $3,586.5 billion, Outlays $6,297.1 billion, making the August 2021 YTD US Federal Government Deficit at $2,710.6 billion, August 2020 YTD Deficit was at $3,007.3 billion, August 2019 YTD Deficit $1,067.2 billion.

US Government/Other News

• US President Biden visits California, endorses Governor Gavin Newsom to remain in office, and Governor Newsom defeats the impeachment vote.
• Tropical Storm Nicholas hits the Gulf of Mexico coast, Texas and Louisiana get brunt of the storm.
• The US agrees to share defense technologies for nuclear submarines with the UK and Australia, causes concerns with major allies, France recalls its US and Australian ambassadors.
• In a climate change forum US President Biden says we are near a “point of no return,” sets stage for global climate change event next week.
• N Korea does a couple of missile tests.

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