The Dow Market Happenings For Friday, October 14, 2022 – Merck (MRK) 92.49 Up +20.68% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows (in the morning) include American Express (AXP) 141.55 (+3.91%), Salesforce (CRM) 145.44 (+2.21%), Cisco (CSCO) 40.61 (+3.41%), Dow (DOW) 45.92 (+4.82%), Intel (INTC) 26.42 (+4.30%), 3M (MMM) 114.26 (+4.87%), Microsoft (MSFT) 234.24 (+3.76%)JPMorgan (JPM) 103.61 (+1.62%), Microsoft (MSFT) 225.75 (+0.15%), Visa (V) 184.66 (+3.60%) and Verizon (VZ) 36.40 (+2.02%). As you can see, they all made large daily gains to close the day.

The Market

Premarket today, the Dow was indicated to open up +306 points.

Thursday the Dow closed up +827.87 (+2.83%) at 30,038.72.

Year-to-date the Dow is down -17.34%.

Thursday, all 30 Dow stocks were up, (9) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were led by JPMorgan (JPM) 109.37 (+5.56%), Walgreens (WBA) 33.65 (+.35%), 3M (MMM) 114.26 (+4.87%), Chevron (CVX)165.28 (+4.85%), Dow (DOW) 45.92 (+4.82%) and Intel (INTC)26.42 (+4.30%).

The Dow stock losers Thursday were not to be found.

The 10 YR yield closed Wednesday at 3.942% and the VIX at 31.94 (-4.86%). The 10 YR is currently at 3.878 and VIX is at 31.23 (-2.22%).

Yesterday, stocks plunged in the morning on a hot CPI inflation report, but then roared back. The Dow Jones surged more than 1,300 points from the bear market intraday lows.

UnitedHealth (UNH) reported earnings Friday morning with better-than-expected third-quarter earnings and revenue. The Dow giant also raised full-year EPS views, largely on the Q3 beat. UNH stock edged higher before the open.

JPMorgan (JPM) posted profit and revenue above analysts’ expectations, as its results were driven in part by gains from interest income.

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

The national average price of gasoline is down one cent at $3.903 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) reported earnings on 10/13/2022 before the market open with $0.80, beating estimates of $0.779 per share.

JPMorgan (JPM) reported earnings on 10/14/2022 before the market open with $3.12, beating estimates of $2.961 per share.

UnitedHealth (UNH) reported earnings on 10/14/2022 before the market open $5.79, beating estimates of $5.451 per share.

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.

Microsoft (MSFT) reports earnings on 10/25/2022 after the market close.

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

Merck (MRK)

Merck (MRK) 92.49 (+2.29%) is up +20.68% in 2022.

08:30 AM ET Core Retail Sales (MoM) (Sep), -0.1%, -0.3%
08:30 AM ET Export Price Index (MoM) (Sep), -1.0%, -1.6%
08:30 AM ET Import Price Index (MoM) (Sep), -1.1%, -1.0%
08:30 AM ET Retail Control (MoM) (Sep), 0.3%, 0.4%
08:30 AM ET Retail Sales (YoY) (Sep), 9.15%
08:30 AM ET Retail Sales (MoM) (Sep), 0.2%, 0.3%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Sep), 0.3%
10:00 AM ET Business Inventories (MoM) (Aug), 0.9%, 0.6%
10:00 AM ET Michigan 5-Year Inflation Expectations (Oct), 2.70%
10:00 AM ET Michigan Consumer Expectations (Oct), 58.5, 58.0
10:00 AM ET Michigan Consumer Sentiment (Oct), 59.0, 58.6
10:00 AM ET Michigan Current Conditions (Oct), 59.9, 59.7
10:00 AM ET Michigan Inflation Expectations (Oct), 4.7%
10:00 AM ET Retail Inventories Ex Auto (Aug), 0.6%
10:30 AM ET Fed Governor Cook Speaks
11:00 AM ET IMF Meetings
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 602
13:00 PM ET U.S. Baker Hughes Total Rig Count, 762
15:30 PM ET CFTC Aluminium speculative net positions, 7.5K
15:30 PM ET CFTC Copper speculative net positions, -18.3K
15:30 PM ET CFTC Corn speculative net positions, 305.0K
15:30 PM ET CFTC Crude Oil speculative net positions, 242.0K
15:30 PM ET CFTC Gold speculative net positions, 88.4K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, -3.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -159.1K
15:30 PM ET CFTC S&P 500 speculative net positions, -209.3K
15:30 PM ET CFTC Silver speculative net positions, 8.7K
15:30 PM ET CFTC Soybeans speculative net positions, 66.8K
15:30 PM ET CFTC Wheat speculative net positions, 5.6K

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