The Dow Market Happenings For Wednesday, May 4, 2022 – Walmart (WMT) 152.51 Up +5.40% 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 +55 points.

Tuesday the Dow closed up +67.29 (+0.20%) at 33,128.79.

Year-to-date the Dow is down -8.83%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Boeing (BA) 153.58 (+3.34%), JPMorgan (JPM) 123.03 (+2.14%) and Verizon (VZ) 47.17 (+2.03%).

The Dow stock losers Tuesday were led by Nike (NKE) 122.86 (-2.55%), Visa (V) 208.56 (-1.40%) and Procter & Gamble (PG) 156.21 (-1.37%).

The 10 YR yield is currently at 3.016%.

The Fed concludes it’s two-day May meeting today, which most likely will bring an aggressive 50 basis point interest rate hike to fight inflation. The market expects rate increases at the Fed’s July, September, November and December meetings of at least 25 basis points, like the move in March, which was the first hike in rates in more than more three years.

The benchmark 10-year Treasury yield on Wednesday ticked higher today and is at 3.016%.

ADP said Wednesday morning that U.S. companies added a much weaker-than-expected 247,000 jobs in April, as employers continue to struggle to find workers to fill open positions.

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

The national average price of gasoline is up 2.2 cents at $4.226 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) reported earnings on 4/13/2022 before the market open with $2.63, missing estimates of $2.734 per share.

Goldman Sachs (GS) reported earnings on 4/14/2022 before the market open with $10.76, beating estimates of $8.89 per share.

UnitedHealth (UNH) reported earnings on 4/14/2022 before the market open with $5.49, beating estimates of $5.401 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2022 before the market open with $2.67, beating estimates of $2.597 per share.

Travelers (TRV) reported earnings on 4/19/2022 before the market open with $4.22, beating estimates of $3.701 per share.

IBM (IBM) reported earnings on 4/19/2022 after the market close with $1.40, beating estimates of $1.344 per share.

Procter & Gamble (PG) reported earnings on 4/20/2022 before the market open with $1.33, beating estimates of $1.284 per share.

Dow (DOW) reports earnings on 4/21/2022 before the market open with $2.34, beating estimates of $2.018 per share.

American Express (AXP) reported earnings on 4/22/2022 before the market open with $2.73, beating estimates of $1.435 per share.

Verizon (VZ) reported earnings on 4/22/2022 before the market open with $1.35, inline with estimates of $1.347 per share.

Coca Cola (KO) reported earnings on 4/25/2022 before the market open with $0.64, beating estimates of $0.576 per share.

3M (MMM) reports earnings on 4/26/2022 before the market open with $2.65, beating estimates of $2.332 per share.

Microsoft (MSFT) reports earnings on 4/26/2022 after the market close with $2.22, beating estimates of $2.179 per share.

Visa (V) reports earnings on 4/26/2022 after the market close with $1.79, beating estimates of $1.645 per share.

Boeing (BA) reports earnings on 4/27/2022 before the market open with -$2.75, beating estimates of -$0.262 per share.

Amgen (AMGN) reports earnings on 4/27/2022 after the market close with $4.25, beating estimates of $4.216 per share.

Caterpillar (CAT) reports earnings on 4/28/2022 before the market open with $2.88, beating estimates of $2.663 per share.

McDonald’s (MCD) reports earnings on 4/28/2022 before the market open with $2.28, beating estimates of $2.18 per share.

Merck (MRK) reports earnings on 4/28/2022 before the market open with $2.14, beating estimates of $1.814 per share.

Apple (AAPL) reports earnings on 4/28/2022 after the market close with $1.52, beating estimates of $1.43 per share.

Intel (INTC) reports earnings on 4/28/2022 after the market close with $0.87, beating estimates of $0.802 per share.

Chevron (CVX) reports earnings on 4/29/2022 before the market open with $3.36, missing estimates of $3.442 per share.

Honeywell (HON) reports earnings on 4/29/2022 before the market open with $1.91, beating estimates of $1.858 per share.

Disney (DIS) reports earnings on 5/11/2022 after the market close.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 152.51 (+0.35%) is up +5.40% 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
08:15 AM ET ADP Nonfarm Employment Change (Apr)
08:30 AM ET Exports
08:30 AM ET Imports
08:30 AM ET Trade Balance (Mar)
09:45 AM ET Markit Composite PMI (Apr)
09:45 AM ET Services PMI (Apr)
10:00 AM ET ISM Non-Manufacturing Business Activity (Apr)
10:00 AM ET ISM Non-Manufacturing Employment (Apr
10:00 AM ET ISM Non-Manufacturing New Orders (Apr)
10:00 AM ET ISM Non-Manufacturing PMI (Apr)
10:00 AM ET ISM Non-Manufacturing Prices (Apr)
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 Statement
14:00 PM ET Fed Interest Rate Decision
14:30 PM ET FOMC Press Conference

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