There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 39.89 (-0.94%), Intel (INTC) 25.20 (-2.02%), Microsoft (MSFT) 229.25 (-2.13%), Procter & Gamble (PG) 123.76 (-0.41%) and Verizon (VZ) 36.62 (-0.62%).
The Market
Premarket today, the Dow was indicated to open down -49 points.
Monday the Dow closed down -93.91 (-0.32%) at 29,202.88.
Year-to-date the Dow is down -19.64%.
Monday, (13) Dow stocks were up, (5) made 52-week lows and none made 52-week highs.
The Dow stock winners Monday were led by Walgreens (WBA) 31.84 (+4.33%), Merck (MRK) 90.48 (+3.29%) and Boeing (BA) 131.90 (+1.63%).
The Dow stock losers Monday were led by Salesforce (CRM) 145.64 (-3.09%), Microosoft (MSFT) 229.25 (-2.13%) and Disney (DIS) 95.16 (-2.06%).
The 10 YR yield closed Monday at 3.975% and the VIX at 32.45 (+3.48%). The 10 YR is currently at 3.897 and VIX is at 32.39 (+3.28%).
JPMorgan CEO Jamie Dimon, days before his bank reports quarterly earnings, said that he thinks the S&P 500 could fall another 20% depending on how the Federal Reserve continues to handle its battle against decades-high inflation. Investors are looking forward to reams of economic data this week, including inflation reports Wednesday and Thursday.
Slowing demand and persistent supply chain problems are taking a toll on the global personal computer market. Shipments declined 15% year-over-year during the third quarter, according to new findings from International Data Corp. Lenovo, HP and Dell saw shipments decline by particularly large margins: 16%, 28% and 21%, respectively. Apple (AAPL) was the sole bright spot among PC makers during the quarter. The tech giant posted a 40% increase in shipments. Still, according to IDC, PC shipments are higher than they were before the Covid pandemic, which sent millions of people home to work remotely. Even as employees return to offices, hybrid work arrangements look like they are here to stay.
U.S. futures are lower, European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is up four-tenths of a cent at $3.923 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.
Visa (V) reports earnings on 10/25/2022 after the market close.
Boeing (BA) reports earnings on 10/26/2022 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.
Amgen (AMGN) reports earnings on 11/3/2022 after the market close.
Today’s Featured Dow Stock
Coca Cola (KO) 54.39 (-0.22%) is down -8.14% in 2022.
06:00 AM ET NFIB Small Business Optimism (Sep), 91.2, 91.8
08:55 AM ET Redbook (YoY), 12.3%
10:00 AM ET IBD/TIPP Economic Optimism, 40.5, 44.7
11:00 AM ET Consumer Inflation Expectations
11:00 AM ET IMF Meetings
11:30 AM ET 3-Month Bill Auction, 3.340%
11:30 AM ET 6-Month Bill Auction, 3.850%
11:30 AM ET FOMC Member Harker Speaks
12:00 PM ET FOMC Member Mester Speaks
13:00 PM ET 3-Year Note Auction, 3.564%