DJIA Market Happenings For Monday, June 27, 2022 – American Express (AXP) 146.15 Down -10.37% 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 +39 points.

Friday the Dow closed up +823.32 (+2.68%) at 31,500.68.

Year-to-date the Dow is down -15.58%.

There were 2 Dow stocks up Friday.

The Dow stock winners Friday were led by Salesforce (CRM) 185.92 (+7.44%), Goldman Sachs (GS) 302.75 (+5.79%), Boeing (BA) 141.53 (+5.64%) and Nike (NKE) 112.91 (+4.55%).

The Dow stock losers Friday were Verizon (VZ) 50.96 (-2.17%) and UnitedHealth (UNH) 495.64 (-0.83%).

The 10 YR yield is currently at 3.179% and the VIX is at 28.16 (+3.42%).

Stocks look like they want to build off last week’s rebound. Today we get the monthly reading on durable goods orders at 8:30 a.m. ET and pending home sales at 10 a.m.

The Russian government had about $100 million in debt payments due Sunday, the conclusion of a grace period that began May 27. There were reports that bondholders didn’t receive payments, as Western nations’ sanctions have cracked down on Russia’s ability to use rubles, its sovereign currency, to make payments. This would mark Russia’s first default since 1918, the year after the Russian Revolution.

Leaders of the Group of Seven nations are pursuing multiple new sanctions against Russia, including a ban on imports of Russian gold, while bolstering military and humanitarian support for Ukraine. The G-7 also reportedly aims to cap purchase prices for Russian oil. Countering China remains a priority for G-7 nations, as well. On Sunday, the leaders pledged $600 billion in private and public funds over five years to finance infrastructure in developing countries as China pursues its Belt and Road initiative, which is the nation’s bid to create a new version of the ancient Silk Road trade route that connected Europe and Asia.

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

The national average price of gasoline is down three-tenths of a cent at $4.897 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/27/22 after the market close.

Walgreens (WBA) reports earnings on 6/30/22 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 146.15 (+3.18%) is down -10.37% in 2022.

Financial Calendar

07:30 AM ET FOMC Member Bullard Speaks
10:00 AM ET Michigan 5-Year Inflation Expectations (Jun)
10:00 AM ET Michigan Consumer Expectations (Jun)
10:00 AM ET Michigan Consumer Sentiment (Jun)
10:00 AM ET Michigan Current Conditions (Jun)
10:00 AM ET Michigan Inflation Expectations (Jun)
10:00 AM ET New Home Sales (MoM) (May)
10:00 AM ET New Home Sales (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
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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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