DJIA Market Happenings For Friday, August 5, 2022 – Apple (AAPL) 165.81 Down -6.61% 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 -216 points.

Thursday the Dow closed down -85.68 (-0.26%) at 32,726.82.

Year-to-date the Dow is down -9.94%.

Thursday, (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 Thursday were led by 3M (MMM) 148.12 (+3.23%), Visa (V) 213.47 (+2.39%) and American Express (AXP) 156.87 (+0.93%).

The Dow stock losers Thursday were led by Walmart (WMT) 125.57 (-3.78%), Chevron (CVX) 151.14 (-2.72%) and Intel (INTC) 35.66 (-2.35%).

The 10 YR yield is currently at 2.698% and the VIX is at 21.44 (-2.32%).

Stock futures are down this morning after a much stronger-than-expected July nonfarm payrolls report, signaling to investors the Federal Reserve is likely to stay in rate-hiking mode. The move in futures was relatively muted prior to the release of the labor market data.

The U.S. added 528,000 jobs in July, the Bureau of Labor Statistics said Friday, far exceeding the Dow Jones estimate of 258,000 and countering other recent data that suggested the economic recovery is slowing down. The unemployment rate fell to 3.5%, when economists had expected it to remain steady at 3.6%. Wages rose 0.5% on a month-over-month basis, topping estimates for a 0.3% gain. The sector with the most job gains in July was leisure and hospitality, with payrolls growing by 96,000.

China said Friday it’s putting a stop to cooperation with the U.S. on issues including climate change and military relations after House Speaker Nancy Pelosi earlier this week visited Taiwan, the democratic island that Beijing claims as its own territory. China also imposed sanctions on Pelosi personally for the visit, which further stoked tensions between the world’s two largest economies. U.S. Secretary of State Antony Blinken criticized China for launching missiles during military exercises near Taiwan this week, saying those actions represented an “extreme, disproportionate and escalatory” response.

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

The national average price of gasoline is down 2.6 cents at $4.113 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) reported earnings on 7/21/22 before the market open with $2.31, beating estimates of $2.14 per share.

Travelers (TRV) reported earnings on 7/21/22 before the market open with $2.57, beating estimates of $1.998 per share.

American Express (AXP) reported earnings on 7/22/22 before the market open with $2.57, beating estimates of $2.371 per share.

Verizon (VZ) reported earnings on 7/22/22 before the market open with $1.31, missing estimates of $1.338 per share.

3M (MMM) reported earnings on 7/26/22 before the market open with $2.48, beating estimates of $2.407 per share.

Coca Cola (KO) reported earnings on 7/26/22 before the market open with $0.70, beating estimates of $0.673 per share.

McDonald’s (MCD) reported earnings on 7/26/22 before the market open with $2.55, beating estimates of $2.456 per share.

Microsoft (MSFT) reported earnings on 7/26/22 after the market close with $2.23, missing estimates of $2.284 per share.

Visa (V) reported earnings on 7/26/22 after the market close with $1.98, beating estimates of $1.739 per share.

Boeing (BA) reported earnings on 7/27/22 before the market open with -$0.37, missing estimates of $-$0.078 per share.

Honeywell (HON) reported earnings on 7/28/22 before the market open with $2.10, beating estimates of $2.027 per share.

Merck (MRK) reported earnings on 7/28/22 before the market open with $1.87, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 7/28/22 after the market close with $1.20, beating estimates of $1.138 per share.

Intel (INTC) reports earnings on 7/28/22 after the market close with $0.29, missing estimates of $0.689 per share.

Chevron (CVX) reported earnings on 7/29/22 before the market open with $55.95, beating estimates of $5.017 per share.

Procter & Gamble (PG) reported earnings on 7/29/22 before the market open with $1.21, missing estimates of $1.232 per share.

Caterpillar (CAT) reported earnings on 8/2/22 before the market open with $3.18, beating estimates of $2.996 per share.

Amgen (AMGN) reports earnings on 8/4/22 after the market close with $4.65, beating estimates of $4.405 per share.

Disney (DIS) reports earnings on 8/10/22 after the market close.

Home Depot (HD) reports earnings on 8/16/22 before the market open.

Walmart (WMT) reports earnings on 8/16/22 before the market open.

Cisco (CSCO)) reports earnings on 8/17/22 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 165.81 (-0.19%) is down -6.61% in 2022.

Financial Calendar

08:00 AM ET FOMC Member Barkin Speaks
08:30 AM ET Average Hourly Earnings (MoM) (Jul), 0.3%, 0.3%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Jul), 4.9%, 5.1%
08:30 AM ET Average Weekly Hours (Jul), 34.5, 34.5
08:30 AM ET Government Payrolls (Jul), -9.0K
08:30 AM ET Manufacturing Payrolls (Jul), 17K, 29K
08:30 AM ET Nonfarm Payrolls (Jul), 250K, 372K
08:30 AM ET Participation Rate (Jul), 62.2%
08:30 AM ET Private Nonfarm Payrolls (Jul), 230K, 381K
08:30 AM ET U6 Unemployment Rate (Jul), 6.7%
08:30 AM ET Unemployment Rate (Jul), 3.6%, 3.6%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 605
13:00 PM ET U.S. Baker Hughes Total Rig Count, 767
15:00 PM ET Consumer Credit (Jun), 25.00B, 22.35B
15:30 PM ET CFTC Aluminium speculative net positions, 4.2K
15:30 PM ET CFTC Copper speculative net positions, -26.6K
15:30 PM ET CFTC Corn speculative net positions, 186.5K
15:30 PM ET CFTC Crude Oil speculative net positions, 259.3K
15:30 PM ET CFTC Gold speculative net positions, 92.7K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 31.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -118.3K
15:30 PM ET CFTC S&P 500 speculative net positions, -237.6K
15:30 PM ET CFTC Silver speculative net positions, -4.5K
15:30 PM ET CFTC Soybeans speculative net positions, 85.2K
15:30 PM ET CFTC Wheat speculative net positions, 0.0K

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