The Dow Market Happenings For Wednesday, August 10, 2022 – Boeing (BA) 164.85 Down -18.12% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 34.52 (-2.43%).

The Market

Premarket today, the Dow was indicated to open up +416 points.

Tuesday the Dow closed down -58.13 (-0.18%) at 32,774.41.

Year-to-date the Dow is down -9.81%.

Tuesday, (17) of the Dow 30 stocks were up, (1) was at a 52-week low and none were at 52-week highs.

The Dow stock winners Tuesday were led by Travelers (TRV) 162.92 (+1.84%), Chevron (CVX) 155.41 (+1.30%) ad McDonald’s 260.06 (+1.27%).

The Dow stock losers Tuesday were led by Salesforce (CRM) 182.24 (-3.96%), Nike (NKE) 110.11 (-3.41%) and Intel (INTC) 34.52 (-2.43%).

The 10 YR yield is currently at 2.762% and the VIX is at 20.74 (-4.73%).

The rate of inflation slowed last month as gas prices eased. The consumer price index rose at a year-over-year rate of 8.5%, according to the Bureau of Labor Statistics. Economists had expected the year-over-year figure to show 8.7% growth, versus the 9.1% yearly increase in June. Month to month, the CPI didn’t change at all, while economists had projected 0.2% growth. Excluding volatile food and energy prices, so-called core CPI rose 5.9% annually and 0.3% monthly, compared to respective estimates of 6.1% and 0.5%. Despite the slowing rate, inflation is still high, and the Fed is still likely on track for another rate hike at its September meeting following back-to-back increases of three-quarters of a point.

Fed officials scheduled to speak Wednesday include Federal Reserve Bank of Chicago President Charles Evans at 11:00 am ET in Des Moines and Minneapolis Fed President Neel Kashkari will talk later during a panel about stagflation at the Aspen Economic Strategy Group.

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

The national average price of gasoline is down 2.3 cents at $4.010 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

Boeing (BA)

Boeing (BA) 164.85 (-0.63%) is down -18.12% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 5.43%
07:00 AM ET MBA Mortgage Applications (WoW), 1.2%
07:00 AM ET MBA Purchase Index, 208.4
07:00 AM ET Mortgage Market Index, 279.2
07:00 AM ET Mortgage Refinance Index, 640.6
08:30 AM ET Core CPI (MoM) (Jul), 0.5%, 0.7%
08:30 AM ET Core CPI (YoY) (Jul), 6.1%, 5.9%
08:30 AM ET Core CPI Index (Jul), 294.35
08:30 AM ET CPI (YoY) (Jul), 8.7%, 9.1%
08:30 AM ET CPI (MoM) (Jul), 0.2%, 1.3%
08:30 AM ET CPI Index, n.s.a. (Jul), 296.67, 296.31
08:30 AM ET CPI Index, s.a (Jul), 295.33
08:30 AM ET CPI, n.s.a (MoM) (Jul), 1.37%
08:30 AM ET Real Earnings (MoM) (Jul), -1.0%
10:00 AM ET Wholesale Inventories (MoM), 1.9%, 1.8%
10:00 AM ET Wholesale Trade Sales (MoM) (Jun), 0.9%, 0.5%
10:30 AM ET Crude Oil Inventories, 0.073M , 4.467M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.174M
10:30 AM ET Crude Oil Imports, 2.214M
10:30 AM ET Cushing Crude Oil Inventories, 0.926M
10:30 AM ET Distillate Fuel Production, -0.076M
10:30 AM ET EIA Weekly Distillates Stocks, -0.667M, -2.400M
10:30 AM ET Gasoline Production, -0.366M
10:30 AM ET Heating Oil Stockpiles, 0.023M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.7%,, -1.2%
10:30 AM ET Gasoline Inventories, -0.633M, 0.163M
11:00 AM ET Cleveland CPI (MoM) (Jul), 0.7%
12:00 PM ET Thomson Reuters IPSOS PCSI (Aug), 49.50
13:00 PM ET 10-Year Note Auction, 2.960%
14:00 PM ET Federal Budget Balance (Jul), -194.0B, -89.0B

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