DJIA Market Happenings For Monday, September 19, 2022 – Amgen (AMGN) 231.14 Up +2.74% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Verizon (VZ) 41.25 (+0.54%) and Walgreens (WBA) 34.27 (+0.12%).

The Market

Premarket today, the Dow was indicated to open down -238 points.

Friday the Dow closed down -139.40 (-0.45%) at 30,822.42..

Year-to-date the Dow is down -15.18%.

Friday, (14) Dow stocks were up, (2) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Home Depot (HD) 275.97 (+1.63%), Amgen (AMGN) 231.14 (+1.53%) and Johnson & Johnson (JNJ) 167.60 (+1.53%).

The Dow stock losers Friday were led by Boeing (BA) 144.29 (-3.67%), Chevron (CVX) 156.45 (-2.60%) and Disney (DIS) 108.25 (-2.27%).

The 10 YR yield is currently at 3.482% and the VIX is at 27.60 (+4.94%).

U.S. equities markets look to open lower Monday morning, adding to the misery lingering from last week’s losses. Investors are looking ahead to finding out this week whether the Federal Reserve’s policy-setting committee will raise its benchmark rate by three-quarters of a point or more. Data from last week showed that inflation remained hot in August, which is likely to stiffen the Fed’s resolve in aggressively attacking price increases with more rate hikes. The Fed meeting kicks off Tuesday, and its rate announcement is slated for Wednesday 11 am PT.

Hurricane Fiona, striking on the 33rd anniversary of Hurricane Hugo, tore through Puerto Rico, leaving behind wide swaths of devastation and knocking out power to the whole island. Biden declared a state of emergency as the island’s authorities assess the disaster. Meteorologists said there is more torrential rain to come, even as the storm moves toward the Dominican Republic. It’s unclear when Puerto Rico’s power grid will be back up, conjuring memories of 2017, when Hurricane Maria knocked out power, leaving some neighborhoods without electricity for a year.

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

The national average price of gasoline is down one-tenth of a cent at $3.677 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

Amgen (AMGN)

Amgen (AMGN) 231.14 (-1.10%) is up +2.74% in 2022.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Sep), 47, 49 11:30 AM ET 3-Month Bill Auction, 3.075% 11:30 AM ET 6-Month Bill Auction, 3.465%

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