The Dow Market Happenings For Thursday, October 6, 2022 – Intel (INTC) 27.64 Down -46.33% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

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

Wednesday the Dow closed down -42.45 (-0.14%) at 30,273.87.

Year-to-date the Dow is down -16.69%.

Wednesday, (12) Dow stocks were up, none made 52-week lows and none made 52-week highs.

The Dow stock winners Wednesday were led by Nike (NKE) 91.10 (+2.78%), Visa (V) 187.67 (+1.09%) and UnitedHealth (UNH) 527.07 (+0.75%).

The Dow stock losers Wednesday were led by Goldman Sachs (GS) 309.00 (-1.86%), JPMorgan (JPM) 110.39 (-1.23%) and Dow (DOW) 46.06 (-1.20%).

The 10 YR yield closed Wednesday at 3.751% and the VIX at 28.55 (-1.79%). The 10 YR is currently at 3.780 and VIX is at 28.98 (+1.51%).

Private businesses added 208,000 jobs last month, according to ADP, topping estimates. The government, meanwhile, will report monthly jobs data Friday. A hot job market will likely fuel the Fed’s rationale to hike rates further.

The oil-producing nations of OPEC+ on Wednesday agreed to the group’s largest supply cut since 2020, aiming to limit supplies as prices have fallen while concerns about a decline in worldwide demand have grown. The decision came at a moment fraught with political tension. The United States is in the midst of a tight election campaign that will decide the balance of power in Congress. The move drew anger from President Joe Biden’s administration and could result in some major blowback for key OPEC nation Saudi Arabia, which also counts itself as an ally of the U.S.

The Labor Department’s first-time unemployment claims came out at 8:30 a.m. ET. Initial claims rose to 219,000, above estimates that called for a rise to 203,000 from 193,000 in the previous week.

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

The national average price of gasoline is up 3.6 cents at $3.867 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reported earnings on 9/29/2022 after the market close with $0.93, beating estimates of $0.913 per share.

UnitedHealth (UNH) reports earnings on 10/13/2022 before the market open.

Walgreens (WBA) reports earnings on 10/13/2022 before the market open.

JPMorgan (JPM) reports earnings on 10/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 10/18/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 10/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 10/19/2022 before the market open.

Dow (DOW) reports earnings on 10/20/2022 before the market open.

American Express (AXP) reports earnings on 10/21/2022 before the market open.

Verizon (VZ) reports earnings on 10/21/2022 before the market open.

Coca Cola (KO) reports earnings on 10/25/2022 before the market open.

3M (MMM) reports earnings on 10/25/2022 before the market open.

Caterpillar (CAT) reports earnings on 10/27/2022 before the market open.

Honeywell (HON) reports earnings on 10/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 10/27/2022 before the market open.

Merck (MRK) reports earnings on 10/27/2022 before the market open.

Apple (AAPL) reports earnings on 10/27/2022 after the market close.

Intel (INTC) reports earnings on 10/27/2022 after the market close.

Chevron (CVX) reports earnings on 10/28/2022 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 27.64 (-0.22%) is down -46.33% in 2022.

07:30 AM ET Challenger Job Cuts (YoY), 30.3%
07:30 AM ET Challenger Job Cuts (Sep), 20.485K
08:30 AM ET Continuing Jobless Claims, 1,345K, 1,347K
08:30 AM ET Initial Jobless Claims, 203K, 193K
08:30 AM ET Jobless Claims 4-Week Avg., 207.00K
10:30 AM ET Natural Gas Storage, 113B, 103B
11:30 AM ET 4-Week Bill Auction, 2.660%
11:30 AM ET 8-Week Bill Auction, 2.990%
13:00 PM ET Chicago Fed President Evans Speaks
13:00 PM ET Fed Governor Cook Speaks
17:00 PM ET Fed Waller Speaks
18:30 PM ET FOMC Member Mester Speaks
20:00 PM ET Total Vehicle Sales, 13.20M

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