The Week 40 of 2021 US Stock Market News Recap

By Larry C. Paxton

US Stock Market Indices Summary
Week 40 of 2021 Ending 10/08/21
	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	08/16/21	09/07/21	09/02/21
Record Close	35,625.40	15,374.33	4,536.95
Week 39-Friday & Close(10/01/21)	34,326.46	14,566.70	4,357.04
Week 40-Monday(10/04/21)	34,002.92	14,255.48	4,300.46
Day Change	(323.54)	(311.22)	(56.58)
Day % Change	-0.94%	-2.14%	-1.30%
Week 40-Tuesday(10/05/21)	34,314.67	14,433.83	4,345.72
Day Change	311.75	178.35	45.26
Day % Change	0.92%	1.25%	1.05%
Week 40-Wednesday(10/06/21)	34,416.99	14,501.91	4,363.55
Day Change	102.32	68.08	17.83
Day % Change	0.30%	0.47%	0.41%
Week 40-Thursday(10/07/21)	34,754.94	14,654.02	4,399.76
Day Change	337.95	152.11	36.21
Day % Change	0.98%	1.05%	0.83%
Week 40-Friday & Close(10/08/21)	34,746.25	14,579.54	4,391.34
Day Change	(8.69)	(74.48)	(8.42)
Day % Change	-0.03%	-0.51%	-0.19%
Change-Week	419.79	12.84	34.30
% Change-Week	1.22%	0.09%	0.79%
Change-Month-to-Date	902.33	130.96	83.80
% Change-Month-to-Date	2.67%	0.91%	1.95%
Change-Quarter-to-Date	902.33	130.96	83.80
% Change-Quarter-to-Date	2.67%	0.91%	1.95%
Change-Year-to-Date	4,139.77	1,691.26	635.27
% Change-Year-to-Date	13.53%	13.12%	16.91%
Change-Record	(879.15)	(794.79)	(145.61)
% Change-Record	-2.47%	-5.17%	-3.21%
The Stock Market Bull and Bear Tallies YTD
Week 39 Winner and Tally	Bull	3-0	Win
September Winner and Tally	Bear	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	18	5	Winning
The Stock Market Bear	14	1	Losing
Mixed Result	8	3
Totals	40	9

The US Stock Market Week 40 Summary:

The Stock Market Bear wanted to repeat last week’s victory, charged onto the pasture on Monday and devoured a lot, and made his statement to start Week 40 with a clear 3-0 daily win. But The Stock Market Bull was not about to be dominated. He came back strong, took Tuesday, Wednesday and Thursday to take the lead for the week, but not by quite enough to be convincing. The Stock Market Bear did return on Friday, took all major US exchanges, but just by slim margins. The Stock Market Bull proves his resilience once again, takes the first week of October with a 3-0 outright victory in Week 40, and maintains his commanding lead Year-To-Date.

Summary News Items for Week 40:

US Economic News

• Friday, October 8, 2021

• The US Dept of Labor says the September 2021 Civilian Noninstitutional Population is at 261,766,000 people, Available Labor Force is at 161,354,000, Employed is at 153,680,000, +526,000 from August, +6,137,000 from September 2020, Unemployed is at 7,674,000, -709,000 from August, -4,861,000 from September 2020, making the September 2021 US Unemployment Rate at 4.8%, August was at 5.2%, July 5.4%, September 2020 7.8%, September 2019 3.5%.
• The US Dept of Commerce/Census says the Preliminary August 2021 US Wholesale Trade Sales-Durables is at $286.6 billion, Non-Durables $309.0 billion, making August 2021 US Wholesale Trade Sales Monthly Total at $595.6 billion, July was at $602.2 billion, June $589.6 billion, August 2020 $494.0 billion, August 2019 $497.9 billion.

• Thursday, October 7, 2021

• The US Federal Reserve says the Preliminary August 2021 US Consumer Debt-Revolving is at $998.4 billion, Non-Revolving $3,333.9 billion, making August 2021 US Consumer Debt Total at $4,332.3 billion, July was at $4,331.3 billion, June $4,315.2 billion, August 2020 $4,142.0 billion, August 2019 $4,136.8 billion.
• FannieMae says the September 2021 US Home Purchase Sentiment Index is at 74.5, August was at 75.7, July 75.8, September 2020 81.0, September 2019 91.5. “The survey’s story is … largely unchanged: Consumers feel it’s a bad time to buy a home but a good time to sell – and they continue to cite high home prices as the primary reason….”

• Wednesday, October 6, 2021

• ADP says the Preliminary September 2021 US Private Sector Jobs Change-Small Businesses(1-49 employees) is at +63,000, Mid-Sized(50-499) +115,000, Large-Sized(500 or more) +390,000, making September 2021 US Private Sector Jobs Change Total at +589,000, August was at +340,000, July +322,000, September 2020 +748,000, September 2019 +136,000. “… Current bottlenecks in hiring should fade as the health conditions tied to the COVID-19 variant continue to improve, setting the stage for solid job gains in the coming months.”

• Tuesday, October 5, 2021

• The US Dept of Commerce/Census says the Preliminary August 2021 US International Trade-Exports-Goods is at $149.7 billion, Services $64.0 billion, making August 2021 US Exports Total at $213.7 billion; August 2021 US Imports-Goods is at $239.1 billion, Services $47.9 billion, making August 2021 US Imports Total at $287.0 billion, making the August 2021 US International Trade Deficit at $73.3 billion, July was at $70.3 billion, June $73.2 billion, August 2020 $63.7 billion, August 2019 $50.5 billion.
• The Institute for Supply Management says the September 2021 US Composite Services PMI Index(>50 = Economy expanding) is at 61.9%, August was at 61.7%, July 64.1%, September 2020 57.8%, September 2019 52.6%. “… The slight uptick in the rate of expansion in the month of September continued the current period of strong growth for the services sector. However, ongoing challenges with labor resources, logistics, and materials are affecting the continuity of supply.”
• IHS Markit says the September 2021 US Composite PMI Output Index is at 55.0, August was at 55.4, July 59.9, September 2020 54.3, September 2019 51.0. “New business increased further during September, but the rate of expansion eased to the slowest in nine months. Manufacturers and service providers alike registered softer upticks in client demand. Goods producers reported a quicker rise in new export orders, which contrasted with a faster contraction in service sector foreign customer demand.
• The PurdueU/CME Group September 2021 US Ag Barometer Composite Index is at 124, August was at 138, July 134, September 2020 156, September 2019 121. “Farmer optimism about future growth in agricultural exports continues to wane, and that, combined with concerns about a squeeze on operating margins, could be contributing to weakness in farmer sentiment. Despite the weakness in farmer sentiment, farmers remain bullish about farmland values….”

• Monday, October 4, 2021

• The US Department of Commerce/Census says the Preliminary August 2021 US Manufacturers New Orders-Durable Goods is at $263.6 billion, Non-Durables $252.1 billion, making August 2021 US Manufacturers New Orders Total at $515.7 billion, July was at $509.4 billion, June $506.2 billion, August 2020 $444.4 billion, August 2019 $481.7 billion.

US Government/Other News

• The US Senate passes the Republican’s short term plan to raise the debt ceiling limit to $28.4 trillion which should be good into early December. It now goes to the US House which is expected to approve it as well.
• The $3.5 trillion infrastructure bill is still being worked on in the US House, is expected to be cut drastically, no details have been released.
• The US COVID-19 pandemic death tally now exceeds 710,000 people.
• A pipeline oil spill off the S California coast is estimated to be at around 130,000 gallons and is affecting the flora and fauna around the Huntington Beach and nearby area beaches.
• The recently passed Texas abortion law, considered to be the most restrictive in the US, is paused by a federal judge. Texas quickly appeals the decision.
• OPEC+ agrees to lift November oil output by 400,000 barrels/day.
• US President Joe Biden and China’s President Xi Jinping are planning a virtual meeting before the end of 2021.

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