The Dow Market Happenings For Thursday, March 24, 2022 – Caterpillar (CAT) 222.17 Up +7.46% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +120 points.

Wednesday the Dow closed down -448.96 (-1.29%) at 34,358.50.

Year-to-date the Dow is down -5.45%.

There were 3 Dow stocks up Wednesday.

The Dow stock winners Tuesday were Chevron (CVX) 165.86 (+1.08%), Apple (AAPL) 170.21 (+0.82%) and Merck (MRK) 79.73 (+0.54%).

The Dow stock losers Tuesday were led by Home Depot (HD) 317.05 (-3.85%), Salesforce (CRM) 211.11 (-3.25%) and Cisco (CSCO) 54.48 (-3.01%).

The 10 YR yield is currently at 2.370%.

The government released two key U.S. economic reports before the opening bell Thursday: jobless claims and durable goods. Filings for first-time unemployment benefits for the week ended March 19 dropped 28,000 to 187,000, fewer than expected and the lowest level since early September 1969. February durable goods orders fell 2.2%, more than double the estimated decline.

President Joe Biden and world leaders in Brussels on Thursday opened three emergency meetings to address Russia’s Ukraine war: a NATO summit, a G-7 summit and a European Union summit. Biden will attend all three.

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

The national average price of gasoline is down one-tenth of a cent at $4.236 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2022 after the market close with $0.87, beating estimates of $0.732 per share.
Walgreens (WBA) reports earnings on 3/31/2022 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 222.17 (-0.24%) is up +7.46% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Core Durable Goods Orders (MoM) (Feb)
08:30 AM ET Current Account (Q4)
08:30 AM ET Durable Goods Orders (MoM) (Feb)
08:30 AM ET Durables Excluding Defense (MoM) (Feb)
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Feb)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg
09:10 AM ET Fed Waller Speaks
09:45 AM ET Manufacturing PMI (Mar)
09:45 AM ET Markit Composite PMI (Mar)
09:45 AM ET Services PMI (Mar)
09:50 AM ET Chicago Fed President Evans Speaks
10:30 AM ET Natural Gas Storage
11:00 AM ET FOMC Member Bostic Speaks
11:00 AM ET KC Fed Composite Index (Mar)
11:00 AM ET KC Fed Manufacturing Index (Mar)
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
11:30 AM ET EIA Refinery Crude Runs (WoW)
13:00 PM ET 10-Year TIPS Auction

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