The Week 1 of 2022 US Stock Market News Recap

By Larry C. Paxton

The US Stock Market Week 1 Summary:

The Stock Market Bull, confident after a dominating victorious 2021, on Monday charged onto the pasture to show that it will be more of the same in 2022, takes all 3 major US stock indices, and establishes records on both the DJIA and S&P500, making it a joyful “Happy New Year!” introduction for the Bull’s fans. On Tuesday it looked like it might be another great The Stock Market Bull day as he took the DJIA with another new record close. But The Stock Market Bear sneaked onto the pasture and took a big bite out of the NASDAQ and a small nibble out of the S&P500. On Wednesday, with the release of the December Minutes of the Federal Open Market Committee and the significant increase of COVID-19 Omnicron variant cases, The Stock Market Bear continued to ravage all 3 indices for the rest of the week, takes Week 1 of 2022 with clear 3-0 win, and with an angry growl announces, “Happy New Year, I’m Back!” The Stock Market Bear draws first blood in 2022, and the challenge has been set.

US Stock Market Indices Summary
Week 1 of 2022 Ending 01/07/22
	DJIA	NASDAQ	S&P500
Previous Year Close(12/31/21)	36,338.30	15,644.97	4,766.18
Previous Quarter Close(12/31/21)	36,338.30	15,644.97	4,766.18
Previous Month Close(12/31/21)	36,338.30	15,644.97	4,766.18
Record Close Date	01/04/22	11/19/21	01/03/22
Record Close	36,799.65	16,057.44	4,796.56
Week 52-Friday & Close(12/31/21)	36,338.30	15,644.97	4,766.18
Week 1-Monday(01/03/22)	36,585.06	15,832.80	4,796.56
Day Change	246.76	187.83	30.38
Day % Change	0.68%	1.20%	0.64%
Week 1-Tuesday(01/04/22)	36,799.65	15,622.72	4,793.54
Day Change	214.59	(210.08)	(3.02)
Day % Change	0.59%	-1.33%	-0.06%
Week 1-Wednesday(01/05/22)	36,407.11	15,100.17	4,700.58
Day Change	(392.54)	(522.55)	(92.96)
Day % Change	-1.07%	-3.34%	-1.94%
Week1-Thursday(01/06/22)	36,236.47	15,080.86	4,696.05
Day Change	(170.64)	(19.31)	(4.53)
Day % Change	-0.47%	-0.13%	-0.10%
Week 1-Friday & Close(01/07/22)	36,231.66	14,935.90	4,677.03
Day Change	(4.81)	(144.96)	(19.02)
Day % Change	-0.01%	-0.96%	-0.41%
Change-Week	-106.64	-709.07	-89.15
% Change-Week	-0.29%	-4.53%	-1.87%
Change-Month-to-Date	(106.64)	(709.07)	(89.15)
% Change-Month-to-Date	-0.29%	-4.53%	-1.87%
Change-Quarter-to-Date	(106.64)	(709.07)	(89.15)
% Change-Quarter-to-Date	-0.29%	-4.53%	-1.87%
Change-Year-to-Date	(106.64)	(709.07)	(89.15)
% Change-Year-to-Date	-0.29%	-4.53%	-1.87%
Change-Record	(567.99)	(1,121.54)	(119.53)
% Change-Record	-1.54%	-6.98%	-2.49%
The Stock Market Bull and Bear Tallies 2022 YTD
Week 1 Winner and Tally	Bear	3-0	Win
December Winner and Tally	Bull	3-0	Win
	Weeks	Months	2022 YTD
The Stock Market Bull	0	0	Losing
The Stock Market Bear	1	0	Winning
Mixed Result	0	0
Totals	1	0

Summary News Items for Week 1:

US Economic News

• Friday, January 7, 2022

• The US Dept of Labor says the December 2021 US Employed is at 155,975,000, November was at 155,324,000, October 154,234,000, December 2020 149,883,000, December 2019 158,735,000; December 2021 US Unemployment Rate is 3.9%, November was at 4.2%, October 4.6%, December 2020 6.7%, December 2019 3.6%.
• The US Federal Reserve says the Preliminary November 2021 US Consumer Debt-Revolving is at $1,037.4 billion, Non-Revolving $3,377.3 billion, making November 2021 US Consumer Debt Total at $4,414.7 billion, October was at $4,374.8 billion, September $4,358.7 billion, November 2020 $4,169.3 billion, November 2019 $4,170.5 billion.
• The FannieMae December 2021 US Home Purchase Sentiment Index is at 74.2, November was at 74.7, October 75.5, December 2020 74.0, December 2019 91.7. “Over the past year, low mortgage rates plus government stimulus programs helped increase mortgage demand, but the bidding-up of homes increased prices to record levels, making affordability a greater constraint for both first-time and move-up homebuyers. Among homeowners, the ‘good time to buy’ sentiment fell 30 percentage points over the past year to its current level of 30%; for renters it fell from 37% to 21%. Even though demand remains strong, a majority of consumers clearly have reservations about purchasing a home at current prices.”

• Thursday, January 6, 2022

• The US Dept of Commerce/Census says the Preliminary November 2021 US Exports-Goods is at $155.9 billion, Services $68.3 billion, making November 2021 US Exports Total at $224.2 billion, and US Exports Total YTD(11 months) at $2,298.1 billion; November 2021 US Imports-Goods is at $254.9 billion, Services $49.5 billion, making November 2021 US Imports Total at $304.4 billion, and US Imports Total YTD $3,083.1 billion, making the November 2021 US Trade Deficit at $80.2 billion, October was at $67.0 billion, September $81.4 billion, November 2020 $67.3 billion, November 2019 $40.7 billion, and the November 2021 US Trade Deficit Total YTD(11 months) $785.0 billion, November 2020 was at $610.9 billion, November 2019 $531.1 billion.
• The US Dept of Commerce/Census says the Preliminary November 2021 US Manufacturing New Orders-Durables is at $268.4 billion, Non-Durables $263.4 billion, making November 2021 US Manufacturing New Orders Total at $531.8 billion, October was at $523.4 billion, September $517.1 billion, November 2020 $460.4 billion, November 2019 $470.3 billion.
• The Institute for Supply Management December 2021 US Services PMI Index(>50% economy growing) is at 62.0%, November was at 69.1%, October 66.7%, December 2020 57.7%, December 2019 55.0%. “… Although there was a pullback for most of the indexes in December, the rate of growth remains strong for the services sector, which has expanded for all but two of the last 143 months. Business Survey Committee respondents have indicated that they continue to struggle with inflation, supply chain disruptions, capacity constraints, logistical challenges and shortages of labor and materials.”

• Wednesday, January 5, 2022

• The US Federal Reserve Open Market Committee releases its Minutes of the 12/14-15/21 meeting, says, “… expectations for a reduction in policy accommodation shifted forward notably. Respondents to the Open Market Desk’s surveys of primary dealers and market participants broadly projected that the Committee would quicken the pace of reduction in the Federal Reserve’s net purchases of Treasury securities and agency mortgage-backed securities (MBS), and the median respondent projected net asset purchases to end in March 2022. The median respondent’s projected timing for the first increase in the target range for the federal funds rate also moved earlier from the first quarter of 2023 to June 2022.”
• ADP says the Preliminary December 2021 US Monthly Change in Private Sector Employment is at +807,000, +204,000 from Small Businesses(1-49 employees), +214,000 Midsized(50-499), +389,000 Large(500 or more). “December’s job market strengthened as the fallout from the Delta variant faded and Omicron’s impact had yet to be seen… Job gains were broad-based, as goods producers added the strongest reading of the year, while service providers dominated growth. December’s job growth brought the fourth quarter average to 625,000, surpassing the 514,000 average for the year. While job gains eclipsed 6 million in 2021, private sector payrolls are still nearly 4 million jobs short of pre-COVID-19 levels.”
• IHS Markit says the December 2021 US Composite PMI Output Index is at 57.0, November was at 57.2, October 57.6, December 2020 55.3, December 2019 52.7. “Business confidence strengthened at the end of the year to the highest since November 2020, as firms were hopeful of more favorable labor market and supply-chain conditions going into 2022. The swift spread of the Omicron variant does lace new downside risks into the economic outlook heading into 2022, however. Any additional headwinds or disruption faced by firms are likely to temper sentiment.”

• Tuesday, January 4, 2022

• The US Dept of Labor says the Preliminary November 2021 US Job Openings-Private is at 9,601,000, Governmental 962,000, making November 2021 US Job Openings Total at 10,563,000, October was at 11,091,000, September 10,602,000, September 10,602,000, November 2020 6,766,000, November 2019 6,793,000.
• The Institute for Supply Management says the December 2021 US Manufacturing PMI Index(>50%=economy expanding) is at 58.7%, November was at 61.1%, October 60.8%, December 2020 60.5%, December 2019 47.8%. “The U.S. manufacturing sector remains in a demand-driven, supply chain-constrained environment, with indications of improvements in labor resources and supplier delivery performance. Shortages of critical lowest-tier materials, high commodity prices and difficulties in transporting products continue to plague reliable consumption. Coronavirus pandemic-related global issues — worker absenteeism, short-term shutdowns due to parts shortages, employee turnover and overseas supply chain problems — continue to impact manufacturing. However, panel sentiment remains strongly optimistic, with six positive growth comments for every cautious comment, down slightly from November….”
• The PurdueU/CME Group December 2021 US Ag Economy Barometer Composite Index is at 125, November was at 116, October 121, December 2020 174, December 2019 150. “… Agricultural producers are concerned about rising input costs with nearly half (47%) of producers choosing it as a top concern for 2022 and nearly four out of ten respondents said they expect farm input prices to rise by more than 30% in 2022 compared to 2021….”

• Monday, January 3, 2022

• The US Dept of Commerce/Census says the Preliminary November 2021 US New Construction Spending-Residential is at $805.3 billion, Non-Residential $820.6 billion, making November 2021 US New Construction Spending Total at $1,625.9 billion, October was at $1,618.8 billion, September $1,612.3 billion, November 2020 $1,487.2 billion, November 2019 $1,342.5 billion.
• IHS Markit says that the December 2021 US Manufacturing PMI Index is at 57.7, November was at 58.3, October 58.4, December 2020 57.1, December 2019 52.4. “… While shortages remained significant, the end of the year brought with it some signs that cost pressures have eased. The uptick in input prices was the slowest for six months, and firms recorded softer increases in selling prices amid efforts to entice customer spending.”

US Government/Other News

• The number of Omnicron COVID-19 variant cases continues to rise dramatically, with over 1,000,000 cases reported on Monday, hospitalizations are above 100,000 for a new one year high.
• The US Food & Drug Administration authorizes Emergency Use Authorization for Pfizer/BioNTech booster shots to include people 12 years and older.
•  Over the weekend over 2,600 US airflights are cancelled amid the Omnicron outbreak.
• The US Northeast is hit with a severe snowstorm, Washington DC is shut down.
• Thursday is the first anniversary of the January 6th Capitol Riot, in a commemorative speech US President Biden says Mr. Trump and his allies were holding “a dagger at the throat of America….”
• Bahamian-American Sidney Poitier, an Oscar award winning actor, considered Hollywood’s first black movie star, an activist, and the former Bahamian Ambassador to Japan, dies at 94.

More Resources:

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

Click here to follow The PBR1000 on Twitter!

PBRMarketTools Info:

If you are not a current The PBR1000 or The PBR25 Subscriber go to the Subscribe page for more information and to get our latest research and monthly snapshots.

Please use the Contact Us page if you are not on our email list or have questions about The PBR1000, The PBR25 Top Buy Stocks, The PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as recommendations or advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)

 

Empowering Astute Business Leaders and Shrewd Investors
Through The PBR1000 Analytics!

Copyright © 2022 by Pax Business Resources, LLC, All Rights Reserved.