DJIA Market Happenings For Monday, June 6, 2022 – 3M (MMM) 145.97 Down -17.82% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +281 points.

Friday the Dow closed down -348.58 (-1.05%) at 32,899.70.

Year-to-date the Dow is down -9.46%.

There were 4 Dow stocks up Friday.

The Dow stock winners Friday were led by Caterpillar (CAT) 222.90 (+1.32%), Chevron (CVX) 177.60 (+0.91%) and IBM (IBM) 141.18 (+0.73%).

The Dow stock losers Friday were led by Apple (AAPL) 145.38(-3.86%), Intel (INTC) 43.39 (-3.23%) and Travelers (TRV) 174.19 (-2.17%).

The 10 YR yield is currently at 2.998% and the VIX closed Friday at 24.79 (+0.28%).

Apple (AAPL) is set to hold its annual developers’ conference today.

The national average at the pump reached nearly $4.87 per gallon as of Monday. California continued as the highest of any state, with gas costing an average of $6.34 per gallon there. It was $5.18 yesterday at Costco here in Gig Harbor, WA. The reasons for the dizzying increases: more demand ahead of the summer driving season and a continued rise in oil prices. In fact, West Texas Intermediate and Brent crude traded to around $120 per barrel as traders doubted whether a 50% increase in OPEC+’s monthly output target would help ease tight supply.

Hopefully we will have a nice up week.

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

The national average price of gasoline is up 1.7 cents at $4.865 per gallon.

Earnings Reports

There are no Dow 30 stocks set to report earnings in the near term.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 145.97 (-1.49%) is down -17.82% in 2022.

Financial Calendar

10:00 AM ET CB Employment Trends Index (May)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction

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