DJIA Market Happenings For Friday, September 9, 2022 – Travelers (TRV) 164.51 Up +5.17% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Dow (DOW) 49.40 (+0.88%), Intel (INTC) 30.75 (+0.33%) and Verizon (VZ) 41.32 (+0.58%).

The Market

Premarket today, the Dow was indicated to open up +213 points.

Thursday the Dow closed up +193.24 (+0.61%) at 31,774.52.

Year-to-date the Dow is down -12.56%.

Thursday, (24) Dow 30 stocks were up, (3) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Salesforce (CRM) 156.90 (+2.36%), JPMorgan (JPM) 118.60 (+2.33%) and Goldman Sachs (GS) 335.38 (+1.46%).

The Dow stock losers Thursday were led by 3M (MMM) 119.27 (-1.06%), Apple (AAPL) 154.46 (-0.96%) and Honeywell (HON) 187.82 (-0.67%).

The 10 YR yield is currently at 3.321% and the VIX is at 23.61 (-4.18%).

Looks like another up day ahead.

Queen Elizabeth II died Thursday at age 96, concluding a 70-year reign that covered Britain’s recovery from World War II, the final decline of the empire, Margaret Thatcher’s battles with trade unions, the formation of the European Union and the U.K.‘s exit from it, and the Covid pandemic. Elizabeth’s passing marks a new era of uncertainty for Britain. Just days before her death, the queen met with a new prime minister, Liz Truss, who is tasked with taming the most challenging economy the nation has encountered in years. The pound hit a 37-year low this week, and Truss’s government is aiming to alleviate the country’s cost-of-living crisis with caps on energy bills. It’ll be tough medicine, and Elizabeth won’t be there to rally Britons’ morale. That’s up to King Charles III now.

The Emmys are Monday, and Apple TV+ is a contender for several major awards. The streaming service is under three years old, and it doesn’t churn out the volume of content that, say, Netflix or HBO do. But with buzzy, critically acclaimed shows like “Ted Lasso” and “Severance,” Apple (AAPL), already the elite personal gadget maker, is trying to stake its claim as a prestige player in streaming. Apple TV+ made showbiz Hollywood history earlier this year when its “Coda” became the first streaming service release to win Best Picture at the Oscars.

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

The national average price of gasoline is down 1.3 cents at $3.738 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

Travelers (TRV)

Travelers (TRV) 164.51 (+0.87%) is up +5.17% in 2022.

Financial Calendar

10:00 AM ET Wholesale Inventories (MoM), 0.8%, 1.8%
10:00 AM ET Wholesale Trade Sales (MoM) (Jul), 1.4%, 1.8%
12:00 PM ET Fed Waller Speaks
12:00 PM ET FOMC Member George Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 596
13:00 PM ET U.S. Baker Hughes Total Rig Count, 760
15:30 PM ET CFTC Aluminium speculative net positions, 6.6K
15:30 PM ET CFTC Copper speculative net positions, -23.3K
15:30 PM ET CFTC Corn speculative net positions, 283.4K
15:30 PM ET CFTC Crude Oil speculative net positions, 229.2K
15:30 PM ET CFTC Gold speculative net positions, 117.7K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 26.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -128.8K
15:30 PM ET CFTC S&P 500 speculative net positions, -239.6K
15:30 PM ET CFTC Silver speculative net positions, -8.3K
15:30 PM ET CFTC Soybeans speculative net positions, 83.6K
15:30 PM ET CFTC Wheat speculative net positions, -11.5K

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