DJIA Market Happenings For Friday, May 13, 2022 – Cisco (CSCO) 48.29 Down -23.80% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include American Express (AXP) 153.27 (-3.84%), Boeing (BA) 123.14 (-4.83%), Salesforce (CRM) 160.42 (-0.53%), Cisco (CSCO) 48.29 (-0.74%), Disney (DIS) 104.31 (-0.86%), Goldman Sachs (GS) 299.41 (-0.71%), Home Depot (HD) 289.69 (+2.38%), Intel (INTC) 42.84 (+0.02%), JPMorgan (JPM) 118.04 (-0.08%) and Nike (NKE) 107.90 (+0.02%).

The Market

Premarket today, the Dow was indicated to open up +241 points.

Thursday the Dow closed down -103.81 (-0.33%) at 31,730.30.

Year-to-date the Dow is down -12.68%.

There were 13 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Home Depot (HD) 289.69 (+2.38%), 3M (MMM) 149.59 (+2.17%) and Merck (MRK) 90.83 (+1.84%).

The Dow stock losers Thursday were led by Boeing (BA) 123.14 (-4.83%), American Express (AXP) 153.27 (-3.84%) and Apple (AAPL) 142.56 (-2.69%).

The 10 YR yield is currently at 2.926%.

The 10-year Treasury yield on Friday ticked higher but remained under 3%, a key level that was breached on May 2 for the first time since late 2018.

Fed Chairman Jerome Powell said in an interview posted Thursday on Marketplace that he can’t promise a so-called soft landing for the economy. He warned that getting inflation under control could cause some economic pain but remains his top priority.

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

The national average price of gasoline is up 1.4 cents at $4.432 per gallon.

Earnings Reports

Disney (DIS) reported earnings on 5/11/2022 after the market close with $1.08, missing estimates of $1.196 per share.

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

Salesforce (CRM)

Cisco (CSCO) 48.29 (-0.74%) is down -23.80% in 2022.

Financial Calendar

08:30 AM ET Export Price Index (MoM) (Apr)
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10:00 AM ET Michigan 5-Year Inflation Expectations (May)
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10:00 AM ET Michigan Consumer Sentiment (May)
10:00 AM ET Michigan Current Conditions (May)
10:00 AM ET Michigan Inflation Expectations (May)
11:00 AM ET FOMC Member Kashkari Speaks
12:00 PM ET FOMC Member Mester Speaks
15:30 PM ET CFTC Aluminium speculative net positions
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15:30 PM ET CFTC Crude Oil speculative net positions
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15:30 PM ET CFTC Nasdaq 100 speculative net positions
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15:30 PM ET CFTC Wheat speculative net positions

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