DJIA Market Happenings For Wednesday, February 16, 2022 – Dow (DOW) 61.86 Up +9.06% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 158.01 and Honeywell (HON) 186.69.

The Market

Premarket today, the Dow was indicated to open down -149 points.

Tuesday the Dow closed up +422.67 (+1.22%) at 34,988.84.

Year-to-date the Dow is down -3.71%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Salesforce (CRM) 214.25 (+3.80%), Boeing (BA) 217.73 (+3.66%) and American Express (AXP) 197.98 (+2.93%).

The Dow stock losers Tuesday were led by Chevron (CVX) 134.26 (-0.073%), 3M (MMM) 157.34 (-0.42%) and IBM (IBM) 129.94 (-0.16%).

Signs of tensions easing between Russia and Ukraine ignited a rally Tuesday that propelled the Dow Jones Industrial Average and the S&P 500 up more than 1% each and the Nasdaq to rise over 2%. However, NATO is now accusing Russia of massing troops at the Ukrainian border, a day after Moscow said it was pulling back. The 10-year Treasury yield ticked lower early Wednesday but remained above 2%. It is currently at 2.024%.

The government’s data on January retail sales, out before the bell Wednesday, showed a 3.8% increase compared to the expected 2.1% gain. These numbers do not account for inflation. So bigger sales numbers, $649.8 billion worth last month, don’t necessarily mean more actual sales. December retail sales were downwardly revised to a 2.5% decline.

Investors hope to learn more about how the Fed feels about the economy and what it plans to do to fight inflation when minutes from the central bank’s January meeting are released at 2 p.m. ET. The markets expect the Fed to hike interest rates seven times this year, starting next month.

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

The national average price of gasoline is up 1.6 cents at $3.514 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.

IBM (IBM) reports earnings on 1/24/2022 after the market close with $3.35, missing estimates of $3.385 per share.

3M (MMM) reported earnings on 1/25/2022 before the market open with $2.31, beating estimates of $2.028 per share.

American Express (AXP) reported earnings on 1/25/2022 before the market open with $2.18, beating estimates of $1.778 per share.

Johnson & Johnson (JNJ) reported earnings on 1/25/2022 before the market open with $2.13, beating estimates of $2.123 per share.

Verizon (VZ) reported earnings on 1/25/2022 before the market open with $1.31, beating estimates of $1.282 per share.

Microsoft (MSFT) reported earnings on 1/25/2022 after the market close with $2.48, beating estimates of $2.288 per share.

Boeing (BA) reported earnings on 1/26/2022 before the market open with -$7.69, missing estimates of -$0.09 per share.

Intel (INTC) reported earnings on 1/26/2022 after the market close with $1.09, beating estimates of $0.90 per share.

Dow (DOW) reported earnings on 1/27/2022 before the market open with $2.15, beating estimates of $2.039.

McDonald’s (MCD) reported earnings on 1/27/2022 before the market open with $2.23, missing estimates of $2.309 per share.

Apple (AAPL) reported earnings on 1/27/2022 after the market close with $2.10, beating estimates of $1.888 per share.

Visa (V) reported earnings on 1/27/2022 after the market close with $1.81, beating estimates of $1.693 per share.

Caterpillar (CAT) reported earnings on 1/28/2022 before the market open with $2.69, beating estimates of $2.233 per share.

Chevron (CVX) reported earnings on 1/28/2022 before the market open with $2.63, missing estimates of $3.106 per share.

Honeywell (HON) reported earnings on 2/3/2022 before the market open with $2.09, beating estimates of $2.079 per share.

Merck (MRK) reported earnings on 2/3/2022 before the market open with $1.80, beating estimates of $1.456 per share.

Amgen (AMGN) reported earnings on 2/7/2022 after the market close with $4.36, beating estimates of $4.141 per share.

Disney (DIS) reported earnings on 2/9/2022 after the market close with $1.06, beating estimates of $0.573 per share.

Coca Cola (KO) reported earnings on 2/10/2022 before the market open with $0.45, beating estimates of $0.401 per share.

Cisco (CSCO) reports earnings on 2/16/2022 after the market close.

Walmart (WMT) reports earnings on 2/17/2022 before the market open.

Home Depot (HD) reports earnings on 2/22/2022 before the market open.

Salesforce (CRM) reports earnings on 3/1/2022 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 61.86 (+1.69%) is up +9.06% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:30 AM ET Core Retail Sales (MoM) (Jan)
08:30 AM ET Export Price Index (MoM) (Jan)
08:30 AM ET Import Price Index (MoM) (Jan)
08:30 AM ET Retail Control (MoM) (Jan)
08:30 AM ET Retail Sales (MoM) (Jan)
08:30 AM ET Retail Sales (YoY) (Jan)
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Jan)
09:15 AM ET Capacity Utilization Rate (Jan)
09:15 AM ET Industrial Production (YoY) (Jan)
09:15 AM ET Industrial Production (MoM) (Jan)
09:15 AM ET Manufacturing Production (MoM) (Jan)
10:00 AM ET Business Inventories (MoM) (Dec)
10:00 AM ET NAHB Housing Market Index (Feb)
10:00 AM ET Retail Inventories Ex Auto (Dec)
10:00 AM ET Wholesale Inventories (MoM)
10:00 AM ET Wholesale Trade Sales (MoM)
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs (WoW)
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW)
10:30 AM ET Gasoline Inventories
14:00 PM ET FOMC Meeting Minutes

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