The Dow Market Happenings For Tuesday, May 10, 2022 – Boeing (BA) 133.31 Down -33.78% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Boeing (BA) 133.31 (-10.47%), Salesforce (CRM) 163.60 (-3.59%), Cisco (CSCO) 48.96 (-0.75%), Disney (DIS) 106.98 (-3.00%), Home Depot (HD) 297.03 (+0.92%), Intel (INTC) 43.07 (-2.78%) and Nike (NKE) 111.21 (-2.86%).

The Market

Premarket today, the Dow was indicated to open up +356 points.

Monday the Dow closed down -653.67 (-1.99%) at 32,245.70..

Year-to-date the Dow is down -11.26%.

There were 7 Dow stocks up Monday.

The Dow stock winners Monday were led by 3M (MMM) 152.38 (+1.91%), Walmart (WMT) 151.31 (+1.17%) and Amgen (AMGN) 239.24 (+1.16%).

The Dow stock losers Monday were led by Boeing (BA) 133.31 (-10.47%), Chevron (CVX) 159.25 (-6.70%) and Visa (V) 193.00 (-4.84%).

The 10 YR yield is currently at 2.965%.

The massive selling in the stock market of late has been triggered in large part by the rise in the 10-year Treasury yield, as bond traders bet that the Federal Reserve won’t be able to get inflation under control in a timely fashion. Ahead of two key inflation reports Wednesday and Thursday, President Joe Biden on Tuesday is set to deliver remarks on inflation.

One day after sinking nearly 6.1%, U.S. oil prices dropped another roughly 1.5% on Tuesday but remained over $100 per barrel.

Hopefully we get a nice bounce today and a good read Wednesday and Thursday on inflation.

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

The national average price of gasoline is up 4.6 cents at $4.374 per gallon.

Earnings Reports

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

Home Depot (HD) reports earnings on 5/17/2022 before the market open.

Walmart (WMT) reports earnings on 5/17/2022 before the market open.

Cisco (CSCO) reports earnings on 5/18/2022 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 133.31 (-10.47%) is down -33.78% in 2022.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Apr)
07:40 AM ET FOMC Member Williams Speaks
08:30 AM ET FOMC Member Bostic Speaks
08:55 AM ET Redbook (YoY)
10:00 AM ET IBD/TIPP Economic Optimism
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction
13:00 PM ET Fed Waller Speaks
13:00 PM ET FOMC Member Kashkari Speaks
15:00 PM ET FOMC Member Mester Speaks
16:30 PM ET API Weekly Crude Oil Stock
19:00 PM ET FOMC Member Bostic Speaks

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