There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 111.12 (-3.52%) and Verizon (VZ) 37.84 (-2.34%).

The Market

Premarket today, the Dow was indicated to open down -210 points.

Thursday the Dow closed down -346.93 (-1.15%) at 29,926.94.

Year-to-date the Dow is down -17.64%.

Thursday, (4) Dow stocks were up, (2) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were led by Chevron (CVX) 161.42 (+1.82%), Caterpillar (CAT) 178.81 (+0.24%) and Home Depot (HD) 290.39 (+0.19%).

The Dow stock losers Thursday were led by 3M (MMM) 111.12 (-3.52%), IBM (IBM) 122.23 (-2.79%) and Walgreens (WBA) 32.25 (-2.74%).

The 10 YR yield closed Wednesday at 3.826% and the VIX at 30.52 (+6.90%). The 10 YR is currently at 3.903 and VIX is at 31.74 (+4.00%).

This morning the Bureau of Labor Statistics reported the economy added 263,000 jobs in September, below the 275,000 economists had projected. The unemployment rate came in at 3.5%, under the estimated 3.7%.

President Joe Biden stunned the country Thursday, when he announced that he would pardon thousands of people for marijuana offenses. He also ordered members of his Cabinet to review how pot is classified under federal laws. Right now, it’s considered more serious at the federal level than fentanyl and is classifed at the same level of heroin, Biden noted: “It makes no sense.” He also encouraged governors to follow his lead, as states increasingly legalize marijuana. “Just as no one should be in a federal prison solely due to the possession of marijuana, no one should be in a local jail or state prison for that reason, either,” the president said.

This year’s Nobel Peace Prize will be split among activists in Russia, Ukraine and Belarus, as Russian forces’ unwarranted, monthslong invasion of Ukraine falters. One of the recipients, Ales Bialiatski, is a human-rights and democracy activist who is widely considered a political prisoner. He is locked up in Belarus, whose government provided Russian leader Vladimir Putin space to launch his attack on Ukraine earlier this year. The other winners are Ukrainian rights group the Center for Civil Liberties and Memorial, a Russian organization founded in 1987 to honor victims of political oppression.

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

The national average price of gasoline is up 2.4 cents at $3.891 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.

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

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

UnitedHealth (UNH) 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.

Travelers (TRV) reports earnings on 10/19/2022 before the market open.

IBM (IBM) reports earnings on 10/19/2022 after the market close.

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

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 161.91 (-1.94%) is down -5.35% in 2022.

08:30 AM ET Average Hourly Earnings (MoM) (Sep), 0.3%, 0.3%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Sep), 5.1%, 5.2%
08:30 AM ET Average Weekly Hours (Sep), 34.5, 34.5
08:30 AM ET Government Payrolls (Sep), 7.0K
08:30 AM ET Manufacturing Payrolls (Sep), 19K, 22K
08:30 AM ET Nonfarm Payrolls (Sep), 250K, 315K
08:30 AM ET Participation Rate (Sep), 62.4%
08:30 AM ET Private Nonfarm Payrolls (Sep), 265K, 308K
08:30 AM ET U6 Unemployment Rate (Sep), 7.0%
08:30 AM ET Unemployment Rate (Sep), 3.7%, 3.7%
10:00 AM ET FOMC Member Williams Speaks
10:00 AM ET Wholesale Trade Sales (MoM) (Aug), 0.4%, -1.4%
13:00 AM ET U.S. Baker Hughes Oil Rig Count, 604
13:00 AM ET U.S. Baker Hughes Total Rig Count, 765
15:00 AM ET Consumer Credit (Aug), 24.50B, 23.81B
15:30 AM ET CFTC Aluminium speculative net positions, 7.6K
15:30 AM ET CFTC Copper speculative net positions, -27.8K
15:30 AM ET CFTC Corn speculative net positions, 296.6K
15:30 AM ET CFTC Crude Oil speculative net positions, 226.1K
15:30 AM ET CFTC Gold speculative net positions, 52.1K
15:30 AM ET CFTC Nasdaq 100 speculative net positions, -0.0K
15:30 AM ET CFTC Natural Gas speculative net positions, -152.1K
15:30 AM ET CFTC S&P 500 speculative net positions, -150.2K
15:30 AM ET CFTC Silver speculative net positions, 0.8K
15:30 AM ET CFTC Soybeans speculative net positions, 80.1K
15:30 AM ET CFTC Wheat speculative net positions, 2.7K