The Dow Market Happenings For Thursday, February 24, 2022 – Intel (INTC) 44.65 Down -13.30% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Caterpillar (CAT) 186.67, Salesforce (CRM) 190.54, Honeywell (HON) 178.96 and 3M (MMM) 144.38.

The Market

Premarket today, the Dow was indicated to open down -751 points.

Wednesday the Dow closed down -464.85 (-1.38%) at 33,131.76.

Year-to-date the Dow is down -8.82%.

There were 2 Dow stocks up Wednesday.

The Dow stock winners Wednesday were Chevron (CVX) 135.55 (+2.38%) and Johnson & Johnson (JNJ) 161.22 (+0.05%).

The Dow stock losers Wednesday were led by Cisco (CSCO) 54.44 (-3.30%), Microsoft (MSFT) 280.27 (-2.59%), Apple (AAPL) 160.07 (-2.59%) and Home Depot (HD) 308.45 (-2.44%).

The 10-year Treasury yield is currently at 1.912%.

The Dow is set to sink after Russia’s invasion of Ukraine.

U.S. crude and international oil prices spiked more than 8% on Thursday, both topping $100 per barrel for the first time since 2014. Shares of Chevron (CVX) was among the beneficiaries in premarket trading. The reason for the surge in energy prices: Russia is a major global producer of oil and natural gas, which surged 6% on Thursday.

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

Gold surged more than 3% on Thursday to more than $1,970 per ounce, the highest prices in over a year.

Bitcoin, viewed in crypto circles as a store of value like gold, plunged roughly 7% on Thursday to a one-month low of around $35,100.

Russia’s wide-ranging attack Thursday on Ukraine included airstrikes in cities and bases, and ground movements. Ukraine’s government said Russian tanks and troops rolled across the border and accused Moscow of unleashing a “full-scale war.” Russian President Vladimir Putin said overnight that the goal of the “special military operation” in Ukraine is “demilitarization.”

U.S. President Joe Biden is expected to address the nation Thursday afternoon. Ahead of the attack, the United States and other Western nations levied sanctions against Russia. A second wave of economically punitive measures is widely expected. NATO will “further increase our presence in the eastern part of the alliance” in the coming days and weeks, Secretary-General Jens Stoltenberg said Thursday.

The national average price of gasoline is up eight-tenths of a cent at $3.543 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) reported earnings on 2/16/2022 after the market close with $0.84, beating estimates of $0.725 per share.

Walmart (WMT) reported earnings on 2/17/2022 before the market open with $1.53, beating estimates of $1.496 per share.

Home Depot (HD) reported earnings on 2/22/2022 before the market open with $3.21, beating estimates of $3.195 per share.

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

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 44.65 (-0.09%) is down -13.30% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Jan)
08:30 AM ET Continuing Jobless Claims
08:30 AM ET Core PCE Prices (Q4)
08:30 AM ET Corporate Profits (QoQ) (Q4)
08:30 AM ET GDP (QoQ) (Q4)
08:30 AM ET GDP Price Index (QoQ) (Q4)
08:30 AM ET GDP Sales (Q4)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET PCE Prices (Q4)
08:30 AM ET Real Consumer Spending (Q4)
10:00 AM ET New Home Sales (Jan)
10:00 AM ET New Home Sales (MoM) (Jan)
10:30 AM ET Natural Gas Storage
11:00 AM ET Crude Oil Inventories
11:00 AM ET EIA Refinery Crude Runs (WoW)
11:00 AM ET Crude Oil Imports
11:00 AM ET Cushing Crude Oil Inventories
11:00 AM ET Distillate Fuel Production
11:00 AM ET EIA Weekly Distillates Stocks
11:00 AM ET Gasoline Production
11:00 AM ET Heating Oil Stockpiles
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW)
11:00 AM ET Gasoline Inventories
11:00 AM ET KC Fed Composite Index (Feb)
11:00 AM ET KC Fed Manufacturing Index (Feb)
11:10 AM ET FOMC Member Bostic Speaks
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
12:00 PM ET FOMC Member Mester Speaks
13:00 PM ET 7-Year Note Auction
20:00 PM ET Fed Waller Speaks

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