The Dow Market Happenings For Friday, May 27, 2022 – Intel (INTC) 43.48 Down -13.90% YTD

Dow stocks hitting 52-week highs include Chevron (CVX) 176.59 (+0.67%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +112 points.

Thursday the Dow closed up +516.91 (+1.61%) at 32,637.19.

Year-to-date the Dow is down -10.19%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 127.73 (+4.65%), Nike (NKE) 112.94 (+4.38%) and Home Depot (HD) 302.81 (+3.15%).

The Dow stock losers Thursday were Merck (MRK) 92.31 (-1.54%), Verizon (VZ) 50.99 (-0.49%) and Johnson & Johnson (JNJ) 179.46 (-0.09%).

The 10 YR yield is currently at 2.725% and the VIX closed Thursday at 27.50 (-3.07%).

The Federal Reserve’s preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could be easing a bit, the Commerce Department reported Friday. That increase in the core personal consumption expenditures price index was in line with expectations and reflected a slowing pace from the 5.2% reported in March. The number excludes volatile food and energy prices that have been a major contributor to inflation running around a 40-year peak. The 0.3% increase on a monthly basis was the same as March and in line with estimates.

Not much happening this morning but Markets look to be continuing higher (I hope).

Have a fun and safe Memorial Day Weekend.

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

The national average price of gasoline is down one-tenth of a cent at $4.599 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) 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

Intel (INTC)

Intel (INTC) 43.48 (+3.03%) is down -13.90% in 2022.

Financial Calendar

07:35 AM ET FOMC Member Bullard Speaks
08:30 AM ET Core PCE Price Index (MoM) (Apr)
08:30 AM ET Core PCE Price Index (YoY) (Apr)
08:30 AM ET Goods Trade Balance (Apr)
08:30 AM ET PCE price index (MoM) (Apr)
08:30 AM ET PCE Price index (YoY) (Apr)
08:30 AM ET Personal Income (MoM) (Apr)
08:30 AM ET Personal Spending (MoM) (Apr)
08:30 AM ET Real Personal Consumption (MoM) (Apr)
08:30 AM ET Retail Inventories Ex Auto (Apr)
10:00 AM ET Michigan 5-Year Inflation Expectations (May)
10:00 AM ET Michigan Consumer Expectations (May)
10:00 AM ET Michigan Consumer Sentiment (May)
10:00 AM ET Michigan Current Conditions (May)
10:00 AM ET Michigan Inflation Expectations (May)
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC Aluminium speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
15:30 PM ET CFTC Natural Gas speculative net positions
15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions

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