The Dow Market Happenings For Tuesday, October 18, 2022 – Nike (NKE) 89.97 Down -46.02% 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 up +543 points.

Monday the Dow closed up +550.99 (+1.86%) at 30,185.82.

Year-to-date the Dow is down -16.93%.

Monday, (29) Dow stocks were up, none made 52-week lows and none made 52-week highs.

The Dow stock winners Monday were led by JPMorgan (JPM) 115.86 (+4.20%), Microsoft (MSFT) 237.53 (+3.92%), Salesforce (CRM) 147.18 (+3.49%), American Express (AXP) 141.54 (+3.46%) and Disney (DIS) 97.33 (+3.05%).

The Dow stock loser Monday was Walgreens (WBA) 33.00 (-0.72%).

The 10 YR yield closed Monday at 4.017% and the VIX at 31.37 (-2.03%). The 10 YR is currently at 3.935 and VIX is at 31.72 (-0.94%).

Is this a rally follow-thru day? Guess we will see.

Microsoft (MSFT) laid off more employees as the tech giant faces slowing revenue growth, particularly as the PC market cools down, the company confirmed Monday. The number of layoffs is unclear, but the move comes three months after Microsoft cut less than 1% of its workforce, which was 181,000 strong as recently as summer 2021.

It’s getting colder, and the holiday season will get into full swing soon. That means more parties and dinners – and more people getting sick, whether it’s from the flu, the common cold or Covid. Seniors still face the highest risk of hospitalization and death from Covid, even as vaccines and treatments have become stronger and more prevalent. That’s why the White House’s Covid czar is urging seniors to get boosters as soon as possible. “If you’re over 50, certainly if you’re over 65, you’ve got to go get these vaccines because it actually, literally could save your life,” Dr. Ashish Jha said Monday. “It’s a difference between life and death.” Indeed, earlier this month, Jha said that about 70% of people dying from Covid these days are 75 and older. More than 300 people in the United States are dying each day from the disease.

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

The national average price of gasoline is down 1.8 cents at $3.870 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

Nike (NKE)

Nike (NKE) 89.97 (+2.76%) is down -46.02% in 2022.

08:55 AM ET Redbook (YoY), 8.3%
09:15 AM ET Capacity Utilization Rate (Sep), 80.0%, 80.0%
09:15 AM ET Industrial Production (YoY) (Sep), 3.68%
09:15 AM ET Industrial Production (MoM) (Sep), 0.1%, -0.2%
09:15 AM ET Manufacturing Production (MoM) (Sep), 0.2%, 0.1%
10:00 AM ET NAHB Housing Market Index (Oct), 43, 46
16:00 PM ET US Foreign Buying, T-bonds (Aug), 23.10B
16:00 PM ET Overall Net Capital Flow (Aug), 153.50B
16:00 PM ET TIC Net Long-Term Transactions (Aug), 28.2B, 21.4B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Aug), 6.00B
16:30 PM ET API Weekly Crude Oil Stock, 7.054M

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