DJIA Market Happenings For Monday, April 4, 2022 – Home Depot (HD) 301.89 Down -27.26% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Walgreens (WBA) 43.86 (-2.03%).

The Market

Premarket today, the Dow was indicated to open down -18 points.

Friday the Dow closed up +139.92 (+0.40%) at 34,818.27.

Year-to-date the Dow is down -4.18%.

There were 20 Dow stocks up Thursday.

The Dow stock winners Friday were led by Verizon (VZ) 52.12 (+2.32%), Visa (V) 226.36 (+2.07%) and Merck (MRK) 83.52 (+1.79%).

The Dow stock losers Friday were led by Intel (INTC) 48.11 (-2.93%), Walgreens (WBA) 43.86 (-2.03%) and Caterpillar (CAT) 219.77 (-1.37%)

The 10 YR yield is currently at 2.435%.

The first quarter, which ended Thursday, was the worst first three months in two years, which included the Covid pandemic lows in late March 2020.

Key bond yield spreads on Monday, the 2-year/10-year and the 5-year/30-year, remained inverted, a market distortion that’s happened before past economic recessions. Bond yields rose Friday. But the real strength was among shorter-term Treasurys as traders worried that the weaker than expected but still robust March jobs growth might give the Federal Reserve the green light to get more aggressive with its interest rate-hiking cycle.

U.S. oil prices jumped 3% on Monday, still right around $100 per barrel as supply concerns due to disruptions from Russia’s Ukraine war persisted. Crude did fall about 13% last week after the U.S. announced it will release 1 million barrels per day of oil from its Strategic Petroleum Reserve for six months starting in May to help combat elevated energy costs.

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

The national average price of gasoline is down three-tenths of a cent at $4.189 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) reported earnings on 3/31/2022 before the market open with $1.59, beating estimates of $1.389 per share.
JPMorgan (JPM) reports earnings on 4/13/2022 before the market open.
Goldman Sachs (GS) reports earnings on 4/14/2022 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 301.89 (+0.86%) is down -27.26% in 2022.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Mar)
10:00 AM ET Durables Excluding Defense (MoM) (Feb)
10:00 AM ET Factory Orders (MoM) (Feb)
10:00 AM ET Factory orders ex transportation (MoM) (Feb)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction

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