Winthrop Partners Market and Economic Update 1-3-22

The Markets (as of market close December 31, 2021)

The last week of 2021 saw stocks close generally higher, with only the Nasdaq slipping lower. The
Dow ended the week up 1.1%, followed by the S&P 500, the Global Dow, and the Russell 2000. The week
between Christmas and New Year’s Day is generally marked by thin trading, and last week was no
exception. Most of the market sectors closed the week in the black, led by real estate, utilities,
materials, and consumer staples. Ten-year Treasury yields inched higher, crude oil prices rose
$1.66 per barrel, while the dollar dipped lower.

Wall Street closed higher for a fourth day last Monday as investors weighed the prospects of a
year-end rally against rising COVID cases. The S&P 500 gained 1.4% to mark its 69th record close of
2021. The Nasdaq also rose 1.4% as tech stocks continued to advance higher. The Dow rose 1.0%, the
Russell 2000 climbed 0.9%, and the Global Dow added 0.6%. Ten-year Treasury yields slid, while
crude oil prices and the dollar advanced. All of the market sectors moved higher, led by energy,
real estate, and information technology.

Stocks ended last Tuesday mixed, with only the Global Dow and the Dow gaining 0.3% by the close of
trading. The Russell 2000 fell 0.7%, the Nasdaq dropped 0.6%, and the S&P 500 slipped 0.1%. Crude
oil prices and the dollar advanced marginally, while 10- year Treasury yields were unchanged at
1.48%. Utilities and consumer staples led the market sectors, while information technology and
communication services declined.

The Dow and the S&P 500 each climbed to record highs last Wednesday, while tech shares dragged the
Nasdaq marginally lower. Wednesday’s record close for the S&P 500 was the 70th of the year for that
index. In what was a day of low trading volume, the Russell 2000 and the Global Dow also posted
minimal gains. Bond prices dipped, sending yields higher, with 10-year Treasuries jumping 4.2%.
Crude oil prices rose to
$76.50 per barrel, while the U.S. Dollar Index slipped to 95.91.

Wall Street’s winning streak ended last Thursday, as each of the benchmark indexes closed in the
red. The S&P 500 and the Dow lost 0.3%. The Nasdaq and the Global Dow fell 0.2%, while the Russell
2000 was unchanged. Crude oil prices and 10-year
Treasuries slipped, while the dollar inched higher. Among the market sectors, only

utilities, real estate, health care, and communication services closed higher. Energy and
information technology fell 0.7%.

Stocks closed the week and the year with mixed returns. The Dow, the S&P 500, and the Nasdaq, fell
last Friday, while the Russell 2000 and the Global Dow inched higher. The market sectors were also
mixed last Friday, with consumer staples, energy, industrials, materials, real estate, and
utilities posting gains, while the remaining sectors slid. Ten-
year Treasury yields, crude oil prices, and the dollar dipped lower.  Click here for complete article:Winthrop Partners market and economic update 1-3-22