DJIA Market Happenings For Wednesday, July 20, 2022 – McDonald’s (MCD) 256.50 Down -4.32% 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 -41 points.

Tuesday the Dow closed up +754.44 (+2.43%) at 31,827.05.

Year-to-date the Dow is down -12.41%.

Monday, (28) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Boeing (BA) 156.13 (+5.69%), Goldman Sachs (GS) 318.05 (+5.57%), Nike (NKE) 109.19 (+5.05%) and Caterpillar (CAT) 179.49 (+4.18%).

The Dow stock losers Monday were IBM (IBM) 130.88 (-5.25%) and Johnson & Johnson (JNJ) 171.69 (-1.46%).

The 10 YR yield is currently at 2.984% and the VIX is at 24.64 (+0.57%).

Equities futures fell Wednesday morning after a strong close Tuesday for the major U.S. indexes. Earnings have largely come in stronger than expected, or at least not as bad as they could have been, given the inflation squeeze on U.S. consumers.

Demand for mortgages fell to the lowest point in 22 years last week, according to new data Wednesday from the Mortgage Bankers Association. Week over week, applications for a mortgage to purchase a home dropped 7%, and they were 19% lower than the same week in 2021. Home prices were already sky high coming into this year. But potential buyers still had low mortgage rates on their side. Then borrowing costs for homebuyers ballooned after inflation went berserk and the Federal Reserve started hiking rates to tame surging prices. Another rate rise is likely on the way next week, too, as policymakers at the central bank lean toward a 75 basis point increase.

The Centers for Disease Control and Prevention approved the Novavax Covid vaccine for adults. It joins shots from Pfizer, Moderna and Johnson & Johnson, which have been widely available since last year. More than 75% of adults in the United States are now vaccinated against the disease, which has killed more than a million people in the U.S., and sickened millions more. The CDC is hoping that the Novavax vaccine, which uses more conventional technology that has been in utilized for three decades, will coax skeptics into getting the shot.

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

The national average price of gasoline is down 2.8 cents at $4.467 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) reported earnings on 7/14/22 before the market open with $2.76, missing estimates of $2.854 per share.

UnitedHealth (UNH) reported earnings on 7/15/22 before the market open with $5.57, beating estimates of $5.243 per shaare.

Goldman Sachs (GS) reports earnings on 7/18/22 before the market open with $7.33, beating estimates of $6.992 per share.

IBM (IBM) reported earnings on 7/18/22 after the market close with $2.31, beating estimates of $2.288 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/22 before the market open with $2.59, beating estimates of $2.57 per share.

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

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

American Express (AXP) reports earnings on 7/22/22 before the market open.

Verizon (VZ) reports earnings on 7/22/22 before the market open.

3M (MMM) reports earnings on 7/26/22 before the market open.

Coca Cola (KO) reports earnings on 7/26/22 before the market open.

McDonald’s (MCD) reports earnings on 7/26/22 before the market open.

Microsoft (MSFT) reports earnings on 7/26/22 after the market close.

Visa (V) reports earnings on 7/26/22 after the market close.

Boeing (BA) reports earnings on 7/27/22 before the market open.

Honeywell (HON) reports earnings on 7/28/22 before the market open.

Merck (MRK) reports earnings on 7/28/22 before the market open.

Apple (AAPL) reports earnings on 7/28/22 after the market close.

Intel (INTC) reports earnings on 7/28/22 after the market close.

Caterpillar (CAT) reports earnings on 7/29/22 before the market open.

Chevron (CVX) reports earnings on 7/29/22 before the market open.

Procter & Gamble (PG) reports earnings on 7/29/22 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 256.50 (+1.62%) is down -4.32% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 5.74%
07:00 AM ET MBA Mortgage Applications (WoW), -1.7%
07:00 AM ET MBA Purchase Index, 224.3
07:00 AM ET Mortgage Market Index, 300.0
07:00 AM ET Mortgage Refinance Index, 685.3
10:00 AM ET Existing Home Sales (Jun), 5.38M, 5.41M
10:00 AM ET Existing Home Sales (MoM) (Jun), -3.4%
10:30 AM ET Crude Oil Inventories, 1.357M , 3.254M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.202M
10:30 AM ET Crude Oil Imports, -0.576M
10:30 AM ET Cushing Crude Oil Inventories, 0.316M
10:30 AM ET Distillate Fuel Production, -0.246M
10:30 AM ET EIA Weekly Distillates Stocks, 1.169M, 2.668M
10:30 AM ET Gasoline Production, -1.425M
10:30 AM ET Heating Oil Stockpiles, -0.619M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.2% , 0.4%
10:30 AM ET Gasoline Inventories, 0.071M, 5.825M

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781