DJIA Market Happenings For Tuesday, May 17, 2022

Dow stocks hitting 52-week highs include Chevron (CVX) 173.01 (+3.06%) and Merck (MRK) 92.32 (+2.11%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +424 points.

Monday the Dow closed up +26.76 (+0.08%) at 32,223.42.

Year-to-date the Dow is down -11.32%.

There were 17 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) 173.01 (+3.06%), Merck (MRK) 92.32 (+2.11%) and Verizon (VZ) 49.04 (+1.78%).

The Dow stock losers Monday were led by Boeing (BA) 124.05 (-2.48%), Disney (DIS) 105.18 (-2.00%) and Salesforce (CRM) 164.12 (-1.67%).

The 10 YR yield is currently at 2.970%.

Walmart (WMT) is down 6% after mixed quarterly results due to rising costs. Home Depot (HD) is up 3.5% in the premarket after stronger quarterly results.

The 30-year Treasury yield ticked higher Tuesday to around 2.95% after the government’s before-the-bell release showed a slightly less-than-expected increase of 0.9% in April retail sales month over month. On a year over year basis, retail sales rose 8.2%. The March numbers were revised sharply higher.

It is so nice to have a higher open.

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

The national average price of gasoline is up 4.0 cents at $4.523 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) reported earnings on 5/17/2022 before the market open with $4.09, beating estimates of $3.659 per share.

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

Cisco (CSCO)

Cisco (CSCO) 49.00 (-1.13%) is down -22.68% in 2022.

Financial Calendar

08:00 AM ET FOMC Member Bullard Speaks
08:30 AM ET Core Retail Sales (MoM) (Apr)
08:30 AM ET Retail Control (MoM) (Apr)
08:30 AM ET Retail Sales (YoY) (Apr)
08:30 AM ET Retail Sales (MoM) (Apr)
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Apr)
08:55 AM ET Redbook (YoY)
09:15 AM ET Capacity Utilization Rate (Apr)
09:15 AM ET FOMC Member Harker Speaks
09:15 AM ET Industrial Production (MoM) (Apr)
09:15 AM ET Industrial Production (YoY) (Apr)
09:15 AM ET Manufacturing Production (MoM) (Apr)
10:00 AM ET Business Inventories (MoM) (Mar)
10:00 AM ET NAHB Housing Market Index (May)
10:00 AM ET Retail Inventories Ex Auto (Mar)
11:30 AM ET 52-Week Bill Auction
14:00 PM ET Fed Chair Powell Speaks
14:30 PM ET FOMC Member Mester Speaks
16:30 PM ET API Weekly Crude Oil Stock
18:45 PM ET Chicago Fed President Evans Speaks

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