The Dow Market Happenings For Tuesday, April 5, 2022 – Honeywell (HON) 196.07 Down -3.00% YTD

Dow stocks hitting 52-week highs include Walmart (WMT) 151.04 (+0.02%). Dow stock 52-week lows include Walgreens (WBA) 43.40 (-1.05%).

The Market

Premarket today, the Dow was indicated to open down -79 points.

Monday the Dow closed up +103.61 (+0.30%) at 34,921.88.

Year-to-date the Dow is down -3.90%.

There were 19 Dow stocks up Monday.

The Dow stock winners Monday were led by Salesforce (CRM) 218.85 (+3.11%), Apple (AAPL) 178.44 (+2.37%) and Intel (INTC) 49.20 (+2.27%).

The Dow stock losers Monday were led by Travelers (TRV) 181.82 (-1.85%), Walgreens (WBA) 43.40 (-1.05%) and McDonald’s (MCD) 246.83 (-0.97%).

The 10 YR yield is currently at 2.469%.

Treasury yields rose Tuesday morning and key yield spreads, the 2-year/10-year and the 5-year/30-year, remain inverted. It’s a bond market phenomenon that has often preceded economic recessions. Traders were selling bonds at the shorter end of the yield curve on concerns the Federal Reserve will get more aggressive in its interest rate-tightening cycle. Bond prices move in the opposite direction of yields.

U.S. oil prices extended gains Tuesday on supply concerns as the U.S. and its European allies considered new sanctions against Moscow over allegations of war crimes by Russian troops in Ukraine. West Texas Intermediate crude added 1%, rising to more than $104 per barrel after Monday’s 4% increase broke a two-session decline.

The European Commission will propose banning coal imports from Russia. Imposing sanctions on the Russian energy sector has been a challenge for the European Union given the high level of dependency that some countries have on Moscow. Ukrainian President Volodymyr Zelenskyy is set to address Tuesday’s meeting of the U.N. Security Council as images of atrocities emerged as Russian troops pulled back from towns around Kyiv.

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

The national average price of gasoline is down 1.3 cents at $4.176 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

Honeywell (HON)

Honeywell (HON) 196.07 (+0.02%) is down -3.00% in 2022.

Financial Calendar

08:30 AM ET Exports
08:30 AM ET Imports
08:30 AM ET Trade Balance (Feb)
08:55 AM ET Redbook (YoY)
09:45 AM ET Markit Composite PMI (Mar)
09:45 AM ET Services PMI (Mar)
10:00 AM ET FOMC Member Kashkari Speaks
10:00 AM ET ISM Non-Manufacturing Business Activity (Mar)
10:00 AM ET ISM Non-Manufacturing Employment (Mar)
10:00 AM ET ISM Non-Manufacturing New Orders (Mar)
10:00 AM ET ISM Non-Manufacturing PMI (Mar)
10:00 AM ET ISM Non-Manufacturing Prices (Mar)
10:05 AM ET FOMC Member Brainard Speaks
14:00 AM ET FOMC Member Williams Speaks
16:30 AM ET API Weekly Crude Oil Stock
19:00 AM ET Total Vehicle Sales

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