The Dow Market Happenings For Monday, August 29, 2022 – Coca Cola (KO) 62.73 Up +5.94% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 32.94 (-1.26%), 3M (MMM) 126.44 (-2.09%), Verizon (VZ) 43.33 (+0.18%) and Walgreens (WBA) 35.96 (-0.11%).

The Market

Premarket today, the Dow was indicated to open up +133 points.

Monday the Dow closed down -184.41 (-0.57%) at 32,098.99.

Year-to-date the Dow is down -11.67%.

Monday, (5) Dow 30 stocks were up, (4) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Walmart (WMT) 132.88 (+0.97%), Chevron (CVX) 164.63 (+0.75%) and Boeing (BA) 165.42 (+0.54%).

The Dow stock losers Monday were led by Salesforce (CRM) 160.21 (-3.04%), 3M (MMM) 126.44 (-2.09%) and Merck (MRK) 87.59 (-1.87%).

The 10 YR yield is currently at 3.105% and the VIX is at 25.61 (-2.29%).

Will today be a rally day? Investors are looking for a path forward after Fed Chairman Jerome Powell’s remarks last Friday, in which he said the central bank would continue its aggressive rate hikes to put a lid on four-decade-high inflation. Fresh economic data is on the docket for Tuesday, including the Conference Board’s latest consumer confidence survey.

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

The national average price of gasoline is down six-tenths of a cent at $3.844 per gallon.

Latest Dow 30 Earnings Reports

There are no Dow 30 companies set to report earnings in the near term.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 62.73 (-0.60%) is up +5.94% in 2022.

Financial Calendar

08:55 AM ET Redbook (YoY), 13.5%
09:00 AM ET House Price Index (YoY) (Jun), 18.3%
09:00 AM ET House Price Index (MoM) (Jun), 1.4%
09:00 AM ET House Price Index (Jun), 398.1
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Jun), 1.0%, 1.3%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jun), 1.5%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jun), 19.5%, 20.5%
10:00 AM ET CB Consumer Confidence (Aug), 97.9, 95.7
10:00 AM ET JOLTs Job Openings (Jul), 10.475M, 10.698M
10:30 AM ET Dallas Fed Services Revenues (Aug), 9.5
10:30 AM ET Texas Services Sector Outlook (Aug), -10.9
11:00 AM ET FOMC Member Williams Speaks
16:30 PM ET API Weekly Crude Oil Stock, -5.632M

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