The Week 44 of 2021 US Stock Market News Recap

By Larry C. Paxton

The US Stock Market Week 44 Summary:

Week 44 was a classic Tour de Force by The Stock Market Bull as he continued where he left off in Week 43, looking confident, strong, and aggressive as he entered the stock markets pasture. Economic news, good quarterly corporate earnings reports, and optimism that the US Congress will soon be passing infrastructure and social spending bills were the main drivers. The result was 14 out of the 15 sessions of the 3 major stock indices closed at record highs. The Stock Market Bear only managed an ineffective swipe on Thursday on the DJIA, but it was for a very timid 0.09% loss. The Stock Market Bull has already clinched the Monthly wins for the year, is now needs only 1 win out of the last 8 weeks of 2021 to take the Weekly contest, and is way ahead YTD. Will The Stock Market Bull keep the momentum in Week 45, or will he take a breather?

US Stock Market Indices Summary
Week 44 of 2021 Ending 11/05/21
	DJIA	NASDAQ	S&P500
Previous Year Close(12/31/20)	30,606.48	12,888.28	3,756.07
Previous Quarter Close(09/30/21	33,843.92	14,448.58	4,307.54
Previous Month Close(09/30/21)	33,843.92	14,448.58	4,307.54
Record Close Date	11/05/21	11/05/21	11/05/21
Record Close	36,327.95	15,971.59	4,697.53
Week 43-Friday & Close(10/29/21)	35,819.56	15,498.39	4,605.38
Week 44-Monday(11/01/21)	35,913.84	15,595.92	4,613.67
Day Change	94.28	97.53	8.29
Day % Change	0.26%	0.63%	0.18%
Week 44-Tuesday(11/02/21)	36,052.63	15,649.60	4,630.65
Day Change	138.79	53.68	16.98
Day % Change	0.39%	0.34%	0.37%
Week 44-Wednesday(11/03/21)	36,157.58	15,811.58	4,660.57
Day Change	104.95	161.98	29.92
Day % Change	0.29%	1.04%	0.65%
Week 44-Thursday(11/04/21)	36,124.23	15,940.31	4,680.06
Day Change	(33.35)	128.73	19.49
Day % Change	-0.09%	0.81%	0.42%
Week 44-Friday & Close(11/05/21)	36,327.95	15,971.59	4,697.53
Day Change	203.72	31.28	17.47
Day % Change	0.56%	0.20%	0.37%
Change-Week	508.39	473.20	92.15
% Change-Week	1.42%	3.05%	2.00%
Change-Month-to-Date	2,484.03	1,523.01	389.99
% Change-Month-to-Date	7.34%	10.54%	9.05%
Change-Quarter-to-Date	2,484.03	1,523.01	389.99
% Change-Quarter-to-Date	7.34%	10.54%	9.05%
Change-Year-to-Date	5,721.47	3,083.31	941.46
% Change-Year-to-Date	18.69%	23.92%	25.07%
Change-Record	0.00	0.00	0.00
% Change-Record	0.00%	0.00%	0.00%
The Stock Market Bull and Bear Tallies 2021 YTD
Week 44 Winner and Tally	Bull	3-0	Win
October Winner and Tally	Bull	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	22	6	Winning
The Stock Market Bear	14	1	Losing
Mixed Result	8	3
Totals	44	10

Summary News Items for Week 43:

US Economic News

• Friday, November 5, 2021

• The US Dept of Labor says the October 2021 US Labor Force Employed is at 154,039,000, +359,000 from September, October 2021 US Unemployed is at 7,419,000, -255,000 from September, October 2021 Unemployment rate is at 4.6%, September was at 4.8%, August 5.2%, October 2020 6.9%, October 2019 3.6%.
• The US Federal Reserve says the Preliminary September 2021 US Consumer Credit Outstanding Annual Rate-Revolving is at $1.010 trillion, Non-Revolving $3.357 trillion, making September 2021 US Consumer Credit Outstanding Annual Rate Total at $4.367 trillion, August was at $4.337 trillion, July $4.324 trillion, September 2020 $4.163 trillion, September 2019 $4.138 trillion.

• Thursday, November 4, 2021

• The US Dept of Labor says the Preliminary 3Q21 US Labor Productivity Output/Hour-Business Sector is at -4.8%, 2Q21 was at +2.6%, 1Q21 +4.2%, 3Q20 +5.9%, 3Q19 +0.6%.
• The US Dept of Commerce/Census says the Preliminary September 2021 US Exports-Goods is at $142.7 billion, Services $64.9 billion, making September 2021 US Exports Total at $207.6 billion; Preliminary September 2021 US Imports-Goods is at $240.9 billion, Services $47.6 billion, making September 2021 US Imports Total at $288.5 billion; makes September 2021 US Trade Deficit at $80.9 billion, August was at $72.8 billion, July $70.3 billion, September 2020 $62.6 billion, September 2019 $48.3 billion.

• Wednesday, November 3, 2021

• The US Federal Open Market Committee releases a statement summarizing its 11/02-03/21 meeting, says “The path of the economy continues to depend on the course of the virus. Progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation. Risks to the economic outlook remain.” Agrees to taper bonds purchases from $120 billion/month to $105 billion/month, keeps federal short term interest rates at 0.00-0.25%.
• ADP says that the Preliminary October 2021 US Change in the NonFarm Private Sector Employment-Goods is at +113,000, Services +458,000, making the October 2021 US Change in NonFarm Private Sector Employment Total at +571,000, September was at 523,000, August 310,000, October 2020 422,000, October 2019 73,000. “The job market is revving back up as the Deltawave of the pandemic winds down. Job gains are accelerating across all industries, and especially among large companies. As long as the pandemic remains contained, more big job gains are likely in coming months.”
• The US Dept of Commerce/Census says the Preliminary September 2021 US Manufacturers New Orders-Durables is at $261.4 billion, Non-Durables $254.5 billion, making September 2021 US Manufacturers New Orders Total at $515.9 billion, August was at $514.6 billion, July $509.4 billion, September 2020 $449.1 billion, September 2019 $481.3 billion.
• IHS Markit says its October 2021 US Composite PMI Output Index is at 57.6, September was at 55.0, August 55.4, October 2020 56.3, October 2019 50.9. “Going forward, the big questions will revolve around the extent to which manufacturers can overcome their supply chain bottlenecks, which look set to worsen as we head towards the busy holiday period, and whether the service sector can sustain its current resilience as the rebound from the pandemic starts to fade and incomes are squeezed by higher prices.”
• The Institute for Supply Management says the October 2021 US Services PMI Index(>50 Economy growing) is at a record 66.7%, September was at 61.9%, August 61.7%, October 2020 56.6%, October 2019 54.7%. “… all 18 services industries reported growth… However, ongoing challenges — including supply chain disruptions and shortages of labor and materials — are constraining capacity and impacting overall business conditions.”

• Tuesday, November 2, 2021

• The US Dept of Commerce/Census says the 3Q21 US Number of Housing Units is at 142,100,000, Number Occupied is at 126,914,000, 82,948,000 by the Owner, 43,967,000 by Renters, 15,185,000 are Vacant, 3Q21 Rental Housing Vacancy Rate is at 5.8%, 2Q21 was at 6.2%, 1Q21 6.8%, 3Q20 6.4%, 3Q19 6.8%.
• The PurdueU/CME Group October 2021 US Ag Economy Barometer Composite Index is at 121, September was at 124, August 138, October 2020 183, October 2019 136. “Farmer sentiment remained weak in October …, leaving the index down nearly one-third since its springtime peak. Rising input costs, along with commodity prices that are lower than earlier this year, are major reasons behind the decline.”

• Monday, November 1, 2021

• The US Dept of Commerce/Census says the Preliminary September 2021 US Construction Spending-Residential is at $782.5 billion, Non-Residential $791.2 billion, making September 2021 US Construction Spending Total at $1,573.6 billion, August was at $1,582.0 billion, July $1,581.1 billion, September 2020 was at $1,459.3 billion, September 2019 $1,315.2 billion.
• The Institute for Supply Management says the October 2021 US Manufacturing PMI Index(>50% Economy expanding) is at 60.8%, September was at 61.1%, August 59.9%, October 2020 59.3%, October 2019 48.3%. “… panel sentiment remains strongly optimistic, with four positive growth comments for every cautious comment. Panelists are fully focused on supply chain issues in order to respond to the ongoing high levels of demand….”
• IHS Markit says the October 2021 US Manufacturing PMI Index is at 58.4, September was at 60.7, August 61.1, October 2020 53.4, October 2019 51.3. “October PMI data … signalled a steep improvement in operating conditions across the U.S. manufacturing sector. Although the overall upturn slowed to the softest in 2021 so far, the expansion in new orders remained sharp and historically elevated. Nonetheless, output growth eased again to the weakest since July 2020 amid capacity constraints including material shortages.”

US Government/Other News

• COVID-19 deaths exceed 5 million worldwide.
• The US Center for Disease Control(CDC) approves COVID-19 vaccination of 5-11 year olds, follows US FDA approval.
• In a late Friday night vote the US House of Representatives pass a $1 trillion package of highway, broadband and other infrastructure improvement by a vote of 228-206, now goes to President Biden to sign into law.
• The 2021 G20 Rome summit endorses a global corporate minimum tax, makes commitment for carbon neutrality by mid century.
• The US Biden administration and the European Union reach agree to rollback the steel and aluminum tariff regime that had been imposed by the Trump administration in 2018.
• Tuesday, November 2, was an election day for many states and local governments.
• In elections considered to be a reflection on US President Biden, a Democrat, Republican Glenn Youngkin wins the race for governor in Virginia, defeats former Democratic Governor Terry McAuliffe 50.7% to 48.5%. In New Jersey incumbent Democrat Governor Phil Murphy wins over Republican Jack Ciattarelli 50.8% to 48.3%.
• US quarterly corporate earnings continue to be mostly positive.
• On Tuesday the Atlanta Braves won the US major league baseball World Series Championship, takes the series 4 games to 2 over the Houston Astros.

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