There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Caterpillar (CAT) 164.24 (-3.70%), Salesforce (CRM) 147.01 (-2.09%), Cisco (CSCO) 40.66 (-1.19%), Dow (DOW) 43.90 (-1.94%), Intel (INTC) 27.52 (-1.96%), 3M (MMM) 112.99 (-1.01%), Microsoft (MSFT) 237.92 (-1.27%), Nike (NKE) 97.02 (-1.55%), Visa (V) 183.96 (-0.98%), Verizon (VZ) 39.52 (-1.03%) and Walgreens (WBA) 32.83 (-1.47%).

The Market

Premarket today, the Dow was indicated to open down -93 points.

Friday the Dow closed down -486.27 (-1.62%) at 29,590.41.

Year-to-date the Dow is down -18.57%.

Friday, (2) Dow stocks were up, (11) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were Home Depot (HD) 270.94 (+0.67%) and Johnson & Johnson (JNJ) 166.72 (+0.32%).

The Dow stock losers Friday were led by Chevron (CVX) 144.77 (-6.53%), Boeing (BA) 131.26 (-5.37%), Caterpillar (CAT) 164.24 (-3.70%) and Goldman Sachs (GS) 301.97 (-3.50%).

The 10 YR yield is currently at 3.691% and the VIX is at 29.92 (+9.40%).

Last Friday, the Dow hit a new intraday low for 2022. Investors are trying to figure out how to play the Federal Reserve’s aggressive plan to fight inflation with rate hikes. Right now, the central bank’s benchmark rate sits at 3% to 3.25%, but policy makers said they could raise the rate as high as 4.6%, and fairly soon, to bring inflation down.

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

The national average price of gasoline is up 1.1 cents at $3.725 per gallon.

Latest Dow 30 Earnings Reports

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

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 40.66 (-1.19%) is down -35.84% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Aug), 0.27
10:30 AM ET Dallas Fed Mfg Business Index (Sep), -12.9
10:30 AM ET Dallas Fed Mfg Business Index, -12.9
11:30 AM ET 3-Month Bill Auction, 3.270%
11:30 AM ET 6-Month Bill Auction, 3.780%
13:00 PM ET 2-Year Note Auction, 3.307%
16:00 PM ET FOMC Member Mester Speaks