The Dow Market Happenings For Monday, July 11, 2022 – Home Depot (HD) 286.47 Down -30.97% 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 down -169 points.

Friday the Dow closed down -46.40 (-0.15%) at 31,338.15.

Year-to-date the Dow is down -13.76%.

Friday, (9) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by UnitedHealth (UNH) 518.63 (+0.83%), American Express (AXP) 141.76 (+0.52%) and Apple (AAPL) 147.04 (+0.47%).

The Dow stock losers Friday were led by Walgreens (WBA) 37.55 (-1.73%), Dow (DOW) 51.38 (-1.72%) and Disney (DIS) 95.86 (-1.61%).

The 10 YR yield is currently at 3.010% and the VIX is at 26.46 (+7.43%).

Earnings season kicks off this week with JPMorgan (JPM) and UnitedHealth (UNH) reporting quarterly results.

Treasury yields slipped a little early Monday morning as investors are set to parse some key economic data out this week after digesting the strong June jobs report Friday. Inflation is expected to stay hot in the June consumer price index, which hits Wednesday. On Thursday, the producer price index will give investors another snapshot of inflation in the U.S. Then, on Friday, traders will chew over the latest University of Michigan consumer sentiment report for this month and June retail sales.

Chinese manufacturers are facing a pullback in demand from U.S. and European consumers, who are struggling with historic levels of inflation. While freight costs, which had surged during the Covid pandemic, are coming down a bit, there’s still potential for a protracted decline in demand.

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

The national average price of gasoline is down six-tenths of a cent at $4.678 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/22 after the market close with $0.90, beating estimates of $0.812 per share.

Walgreens (WBA) reported earnings on 6/30/22 before the market open with $0.96, beating estimates of $0.953 per share.

JPMorgan (JPM) reports earnings on 7/14/22 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/22 before the market open.

Goldman Sachs (GS) reports earnings on 7/18/22 before the market open.

IBM (IBM) reports earnings on 7/18/22 after the market close.

Johnson & Johnson (JNJ) reports earnings on 7/19/22 before the market open.

Dow (DOW) reports earnings on 7/21/22 before the market open.

Travelers (TRV) reports earnings on 7/21/22 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 286.47 (-0.08%) is down -30.97% in 2022.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Jun)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 3-Year Note Auction
11:30 AM ET 6-Month Bill Auction
14:00 PM ET FOMC Member Williams Speaks

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