DJIA Market Happenings For Friday, January 21, 2022 – Microsoft (MSFT) Down -10.32% YTD

Dow stocks hitting 52-week highs include Chevron (CVX) and Travelers (TRV). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -157 points.

Thursday the Dow closed down -313.26 (-0.89%) at 34,715.39.

Year-to-date the Dow is down -4.47%. It is now down -5.66 % from the record 36,799.65 close on 1/4/2022.

There were 4 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Travelers (TRV) 165.18 (+3.19%), Procter & Gamble (PG) 162.00 (+0.54%) and Goldman Sachs (GS) 348.10 (+0.22%).

The Dow stock losers Thursday were led by Dow (DOW) 57.81 (-3.39%), Intel (INTC) 52.04 (-2.95%) and Home Depot (HD) 349.58 (-2.81%).

The 10-year Treasury yield dipped below 1.8% on Friday.

Cryptocurrencies, which have followed the ups and downs in the tech sector, sank Friday. Bitcoin and ether fell 9% and nearly 11%, respectively.

Intel (INTC) will invest $20 billion in two new plants in Ohio to make advanced chips, the company said Friday, the first step to a “mega-site” that can accommodate eight chip factories costing $100 billion. The planned investment includes 3,000 permanent jobs and 7,000 construction jobs on the 1,000-acre site just outside of Columbus. Intel CEO Pat Gelsinger is driving Intel’s plans to expand, especially in Europe and the U.S., as it seeks to heat up competition with global rivals and respond to a worldwide microchip shortage. In September, Intel broke ground on two factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for outside customers.

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

The national average price of gasoline is up six-tenths of a cent at $3.326 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reported earnings on 1/14/2022 before the market open with $3.33, beating estimates of $2.978 per share.

Goldman Sachs (GS) reported earnings on 1/18/2022 before the market open with $10.81, missing estimates of $11.76 per share.

Procter & Gamble (PG) reported earnings on 1/19/2022 before the market open with $1.66, beating estimates of $1.649 per share.

UnitedHealth (UNH) reported earnings on 1/19/2022 before the market open with $4.48, beating estimates of $4.296 per share.

Travelers (TRV) reported earnings on 1/20/2022 before the market open with $5.20, beating estimates of $3.861 per share.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Dow (DOW) reports earnings on 1/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 1/27/2022 before the market open.

Apple (AAPL) reports earnings on 1/27/2022 after the market close.

Visa (V) reports earnings on 1/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 1/28/2022 before the market open.

Chevron (CVX) reports earnings on 1/28/2022 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 301.60 (-0.57%) is down -10.32% in 2022.

Financial Calendar

10:00 AM ET US Leading Index (MoM) (Dec)
11:30 AM ET Fed Chair Yellen Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC Aluminum speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
15:30 PM ET CFTC Natural Gas speculative net positions
15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions

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