There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Dow (DOW) 44.77 (-0.47%), Intel (INTC) 28.07 (-1.40%), 3M (MMM) 114.14 (-0.58%), Microsoft (MSFT) 240.98 (+0.85%), Nike (NKE) 98.55 (-1.24%), Visa (V) 185.79 (-0.66%), Verizon (VZ) 39.93 (+1.14%) and Walgreens (WBA) 33.32 (-0.33%).

The Market

Premarket today, the Dow was indicated to open down -308 points.

Thursday the Dow closed down -107.10 (-0.35%) at 30,076.68.

Year-to-date the Dow is down -17.23%.

Thursday, (9) Dow stocks were up, (8) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Merck (MRK) 87.51 (+3.53%), Johnson & Johnson (JNJ) 166.18 (+1.78%) and Salesforce (CRM) 150.15 (+1.71%).

The Dow stock losers Wednesday were led by American Express (AXP) 143.03 (-3.82%), Boeing (BA) 138.71 (-3.20%) and Goldman Sachs (GS) 312.92 (-2.43%).

The 10 YR yield is currently at 3.696% and the VIX is at 28.48 (+4.13%).

The Dow tumbled again Thursday, a day after the Fed announced its decision to raise its benchmark rate by yet another three-quarters of a point to the highest mark in over 14 years. Yet the central bank’s warning that it could jack rates up to 4.6%, from the current 3% to 3.25%, prompted fears that policy makers might be doing too much, too late. Bond yields have also popped, triggering fears that a recession is on the way in 2023.

In commodity markets, crude oil fell, with West Texas Intermediate (WTI) futures down 2.3% to $81.57 per barrel and Brent crude oil off by 2% at $88.61 per barrel.

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

The national average price of gasoline is up five-tenths of a cent at $3.689 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reports earnings on 9/29/2022 after the market close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 150.15 (+1.71%) is down -40.92% in 2022.

Financial Calendar

09:45 AM ET Manufacturing PMI (Sep), 51.1, 51.5
09:45 AM ET S&P Global Composite PMI (Sep), 44.6
09:45 AM ET Services PMI (Sep), 45.0, 43.7
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 599
13:00 PM ET U.S. Baker Hughes Total Rig Count, 763
14:00 PM ET Fed Chair Powell Speaks
15:30 PM ET CFTC Aluminium speculative net positions, 6.8K
15:30 PM ET CFTC Copper speculative net positions, -19.0K
15:30 PM ET CFTC Corn speculative net positions, 294.6K
15:30 PM ET CFTC Crude Oil speculative net positions, 227.1K
15:30 PM ET CFTC Gold speculative net positions, 97.3K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 11.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -145.7K
15:30 PM ET CFTC S&P 500 speculative net positions, -281.0K
15:30 PM ET CFTC Silver speculative net positions, -4.6K
15:30 PM ET CFTC Soybeans speculative net positions, 92.1K
15:30 PM ET CFTC Wheat speculative net positions, -8.1K