The Dow Market Happenings For Friday, September 30, 2022 – Goldman Sachs (GS) 296.11 Down -22.60% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 26.38 (-2.76%), JPMorgan (JPM) 106.16 (-1.69%), Microsoft (MSFT) 237.50 (-1.48%), Nike (NKE) 95.33 (-3.41%), Procter & Gamble (PG) 128.70 (-2.49%), Verizon (VZ) 38.64 (-1.90%) and Walgreens (WBA) 31.55 (-4.97%).

The Market

Premarket today, the Dow was indicated to open down -54 points.

Thursday the Dow closed down -458.13 (-1.54%) at 29,225.61.

Year-to-date the Dow is down -19.57%.

Thursday, (2) Dow stocks were up, (7) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were Travelers (TRV) 154.68 (+1.15%) and Visa (V) 180.06 (+0.49%).

The Dow stock losers Thursday were led by Boeing (BA) 125.33 (-6.08%), Walgreens (WBA) 31.55 (-4.97%), Apple (AAPL) 142.48 (-4.91%) and Nike (NKE)95.33 (-3.41%).

The 10 YR yield closed Thursday at 3.806% and the VIX at 31.84 (+5.50%). The 10 YR is currently at 3.825 and VIX is at 31.76 (+5.20%).

Core inflation rose 4.9% from a year ago in August and 0.6% on a monthly basis, according to a measure the Federal Reserve watches closely. Personal income rose 0.3%, the same as July and in line with the estimate. Spending rose 0.4% after declining 0.2% the month before. Headline inflation, including food and energy, also accelerated, despite a sharp drop in gasoline prices.

It looks like people will be getting a lot of steeply marked-down Nike gear for holiday gifts this year. The sneaker and sporting goods company said in its earnings report Thursday that it’s overwhelmed with products from multiple seasons because of supply chain problems. Some shipments intended for earlier seasons showed up after taking too long, Nike said, while the company is also getting products for the holiday shopping season, which it ordered early to hedge against shipping delays. Overall, the company’s inventory jumped 44% in the prior quarter, and by 65% in North America, its largest market. So that’s left Nike with no choice but to “aggressively liquidate” big chunks of its inventory, said CFO Matthew Friend. Nike isn’t the only one in selling mode: Shares of the company fell in off-hours trading.

Ian became a hurricane again after it barreled through Florida and hit the Atlantic Ocean. Now the storm is on a collision course with South Carolina, where it’s projected to make landfall Friday afternoon. Parts of the state could receive 8 inches of rain while suffering from severe flooding and winds, weather authorities said. Ian has already left a wide path of destruction in Florida, and knocked out powered to millions. President Joe Biden warned of a “substantial loss of life.” Images of Fort Myers, Florida, were particularly horrifying: Lingering floods, boats left on streets, houses smashed.

U.S. futures are mostly lower, European stocks are hgher and Asian markets ended mostly lower.

The national average price of gasoline is up 1.5 cents at $3.797 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reported earnings on 9/29/2022 after the market close with $0.93, beating estimates of $0.913 per share.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 296.11 (-1.56%) is down -22.60% in 2022.

08:30 AM ET Core PCE Price Index (MoM) (Aug), 0.5%, 0.1%
08:30 AM ET Core PCE Price Index (YoY) (Aug), 4.7%, 4.6%
08:30 AM ET FOMC Member Barkin Speaks
08:30 AM ET PCE Price index (YoY) (Aug), 6.3%
08:30 AM ET PCE price index (MoM) (Aug), -0.1%
08:30 AM ET Personal Income (MoM) (Aug), 0.3% , 0.2%
08:30 AM ET Personal Spending (MoM) (Aug), 0.2%, 0.1%
08:30 AM ET Real Personal Consumption (MoM) (Aug), 0.2%
09:00 AM ET Fed Vice Chair Brainard Speaks
09:00 AM ET FOMC Member Mester Speaks
09:00 AM ET FOMC Member Williams Speaks
09:45 AM ET Chicago PMI (Sep), 51.8, 52.2
10:00 AM ET Michigan 5-Year Inflation Expectations (Sep), 2.80%
10:00 AM ET Michigan Consumer Expectations (Sep), 59.9
10:00 AM ET Michigan Consumer Sentiment (Sep), 59.5, 59.5
10:00 AM ET Michigan Current Conditions (Sep), 58.9
10:00 AM ET Michigan Inflation Expectations (Sep), 4.6%
11:00 AM ET Dallas Fed PCE (Aug), 3.40%
11:00 AM ET FOMC Member Bowman Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 602
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 602
13:00 PM ET U.S. Baker Hughes Total Rig Count, 764
13:00 PM ET U.S. Baker Hughes Total Rig Count, 764
15:30 PM ET CFTC Aluminium speculative net positions, 7.1K
15:30 PM ET CFTC Copper speculative net positions, -20.3K
15:30 PM ET CFTC Corn speculative net positions, 305.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 239.9K
15:30 PM ET CFTC Gold speculative net positions, 65.7K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 3.5K
15:30 PM ET CFTC Natural Gas speculative net positions, -155.7K
15:30 PM ET CFTC S&P 500 speculative net positions, -219.5K
15:30 PM ET CFTC Silver speculative net positions, -1.6K
15:30 PM ET CFTC Soybeans speculative net positions, 84.8K
15:30 PM ET CFTC Wheat speculative net positions, -4.0K

Dow 30 Closing Prices For Thursday, September 29, 2022

Dow 30 Closing Prices Thursday 09/29/2022

Symbol, Last, Net Chng, %Change
AAPL,142.48,-7.36,-4.91%
AMGN,228.41,-2.57,-1.11%
AXP,137.79,-2.77,-1.97%
BA,125.33,-8.11,-6.08%
CAT,165.90,-1.86,-1.11%
CRM,146.81,-3.36,-2.24%
CSCO,40.57,-.77,-1.86%
CVX,144.77,-1.01,-0.69%
DIS,97.45,-1.95,-1.96%
DOW,44.16,-.89,-1.98%
GS,296.11,-4.68,-1.56%
HD,278.33,-3.86,-1.37%
HON,170.07,-3.76,-2.16%
IBM,121.63,-1.13,-0.92%
INTC,26.38,-.75,-2.76%
JNJ,164.53,-1.83,-1.10%
JPM,106.16,-1.83,-1.69%
KO,56.57,-.41,-0.72%
MCD,234.40,-2.54,-1.07%
MMM,112.30,-1.98,-1.73%
MRK,86.64,-.14,-0.16%
MSFT,237.50,-3.57,-1.48%
NKE,95.33,-3.37,-3.41%
PG,128.70,-3.28,-2.49%
TRV,154.68,+1.76,+1.15%
UNH,508.83,-5.11,-0.99%
V,180.06,+.88,+0.49%
VZ,38.64,-.75,-1.90%
WBA,31.55,-1.65,-4.97%
WMT,132.25,-.86,-0.65%

The Dow declines -0.43% today with ten components up (CRM, DOW, HD, AAPL, TRV, NKE, BA, CVX, AXP AND UNH).

DJIA Market Happenings For Thursday, September 29, 2022 – Dow (DOW) 45.05 Down -20.57% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 27.13 (+0.89%), Visa (V) 179.18 (+0.74%) and Walgreens (WBA) 33.20 (+2.37%).

The Market

Premarket today, the Dow was indicated to open down -215 points.

Wednesday the Dow closed up +548.75 (+1.88%) at 29,683.74.

Year-to-date the Dow is down -18.31%.

Wednesday, (28) Dow stocks were up, (3) made 52-week lows and none made 52-week highs.

The Dow stock winners Wednesday were led by Home Depot (HD) 282.19 (+5.02%), Boeing (BA) 133.44 (+4.65%), Disney (DIS) 99.40 (+3.70%) and Chevron (CVX) 145.78 (+3.38%).

The Dow stock losers Wednesday were Apple (AAPL) 149.84 (-1.27%) and Procter & Gamble (PG) 131.98 (unchanged).

The 10 YR yield closed Wednesday at 3.759% and the VIX at 30.18 (-7.42%). The 10 YR is currently at 3.825 and VIX is at 31.76 (+5.20%).

Stocks ripped higher Wednesday after the market digested the Bank of England’s announcement that it would start buying bonds to stabilize markets after the UK government’s economic plan was met with swift and sudden criticism. But U.S. stock futures Thursday morning indicates more selling. All three major indices are headed for big monthly losses as the third quarter winds down Friday. So far, the Dow is down about -5.8% in September, while the tech-heavy Nasdaq has fallen about -6.5% and the S&P 500 has declined about -5.9%.

Ian, after slamming into Florida as a Category 4 hurricane, has weakened to a tropical storm, but remains dangerous as it forges its way through the central part of the state. It’s too early to calculate the damage the storm has already caused in Florida. Dramatic video and images of violent winds and relentless flooding spread across social media Wednesday and Thursday. “Water. We have to talk about the water,” National Weather Service Director Ken Graham said. “Ninety percent of fatalities in these tropical systems comes from the water. It’s the storm surge, it’s the rain.” Millions were left without power, too, as Gov. Ron DeSantis warned of a “nasty” few days, and President Joe Biden declared a major disaster in the state.

Apple (AAPL) sold off Wednesday morning on report that it’s reining in iPhone production. But AAPL stock closed well off session lows. Apple iPhone chipmakers mostly recovered to little changed. Today, Apple stock fell modestly amid an analyst downgrade.

Unemployment insurance weekly claims in the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 213,000 to 209,000. The 4-week moving average was 207,000, a decrease of 8,750 from the previous week’s revised average. The previous week’s average was revised down by 1,000 from 216,750 to 215,750. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 17, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 17 was 1,347,000, a decrease of 29,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 1,379,000 to 1,376,000. The 4-week moving average was 1,381,250, a decrease of 22,500 from the previous week’s revised average. The previous week’s average was revised down by 1,000 from 1,404,750 to 1,403,750. The total number of continued weeks claimed for benefits in all programs for the week ending September 10 was 1,302,353, an increase of 6,855 from the previous week. There were 5,027,611 weekly claims filed for benefits in all programs in the comparable week in 2021.

U.S. futures are lower, European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up 1.7 cents at $3.782 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reports earnings on 9/29/2022 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 45.05 (+2.88%) is down -20.57% in 2022.

08:30 AM ET Continuing Jobless Claims, 1,388K, 1,379K
08:30 AM ET Core PCE Prices (Q2), 4.40%, 4.40%
08:30 AM ET Corporate Profits (QoQ) (Q2), 9.1%
08:30 AM ET GDP (QoQ) (Q2), -0.6%, -0.6%
08:30 AM ET GDP Price Index (QoQ) (Q2), 8.9%, 9.0%
08:30 AM ET GDP Sales (Q2), -0.5%, 1.3%
08:30 AM ET Initial Jobless Claims, 215K, 213K
08:30 AM ET Jobless Claims 4-Week Avg., 216.75K
08:30 AM ET PCE Prices (Q2), 7.1%
08:30 AM ET Real Consumer Spending (Q2), 1.5%
09:30 AM ET FOMC Member Bullard Speaks
10:30 AM ET Natural Gas Storage, 94B, 103B
11:30 AM ET 4-Week Bill Auction, 2.660%
11:30 AM ET 8-Week Bill Auction, 2.990%
13:00 PM ET FOMC Member Mester Speaks


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