There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Walgreens (WBA) 41.17 (-8.39%) and Walmart (WMT) 122.43 (-6.79%).
Premarket today, the Dow was indicated to open down -308 points.
Wednesday the Dow closed down -1164.52 (-3.57%) at 31,490.07.
Year-to-date the Dow is down -13.34%.
There were no Dow stocks up Wednesday.
The Dow stock winners Wednesday were not to be found.
The Dow stock losers Wednesday were led by Wakgreens (WBA) 41.17 (-8.39%), Coc Cola (KO) 61.20 (-6.96%), Walmart (WMT) 122.43 (-6.79%), Procter & Gamble (PG) 145.04 (-6.23%), Apple (AAPL) 140.82 (-5.64%) and Nike (NKE) 109.37 (-5.63%).
The 10 YR yield is currently at 2.796%.
Dow futures are down Thursday after the 30-stock average posted its biggest daily loss since June 2020. It plunged 1,164 points, or nearly 3.6%, and sank deeper into a correction, well below the threshold for a decline of 10% or more from prior highs.
Cisco (CSCO) stumbled 11% in the premarket after the networking equipment and software maker missed on quarterly revenue and cut its full-year guidance. Cisco saw sales hit by Covid lockdowns in China as well as Russia’s war in Ukraine. The company, after the closing bell Wednesday, did report better-than-expected earnings. Despite the big revenue miss and lower volumes, Cisco’s pricing and spending strategies translated into stronger-than-anticipated margins.
Weekly initial jobless claims rose to 218,000, a bigger-than-expected increase. After hitting more than 50-year lows earlier this spring, first-time filings for unemployment benefits have gradually been creeping higher.
U.S. futures are lower, European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is up 4.2 cents at $4.589 per gallon.
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) reported earnings on 5/17/2022 before the market open with $1.30, missing estimates of $1.462 per share.
Cisco (CSCO) reported earnings on 5/18/2022 after the market close with $0.87, beating estimates of $0.77 per share.
Salesforce (CRM) reports earnings on 5/31/2022 after the market close.
Today’s Featured Dow Stock
Disney (DIS) 104.30 (-3.99%) is down -32.66% in 2022.
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