DJIA Market Happenings For Wednesday, October 18, 2022 – Procter & Gamble (PG) 128.37 Down -21.52% 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 -159 points.

Tuesday the Dow closed up +337.98 (+1.12%) at 30,523.80.

Year-to-date the Dow is down -16.00%.

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

The Dow stock winners Tuesday were led by Salesforce (CRM) 153.53 (+4.31%), American Express (AXP) 145.99 (+3.14%) and JPMorgan (JPM) 118.84 (+2.57%).

The Dow stock losers Tuesday were led by Intel (INTC) 25.87 (-2.08%), Johnson & Johnson (JNJ) 166.01 (-0.35%) and Nike (NKE) 89.68 (-0.32%).

The 10 YR yield closed Tuesday at 4.004% and the VIX at 30.50 (-2.77%). The 10 YR is currently at 3.935 and VIX is at 31.72 (-0.94%).

Markets are edging lower so far this morning.

Procter & Gamble (PG), the consumer goods giant known for producing Tide detergent and Crest toothpaste, said it expects foreign exchange to weigh on its results during the fiscal year. The U.S. dollar has strengthened considerably against other nations’ currency in recent months as the Federal Reserve has jacked up interest rates to fight surging inflation. The company’s earnings and revenue, by the way, topped expectations in the most recent quarter, as price increases offset a decline in sales volumes.

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

The national average price of gasoline is down 1.6 cents at $3.854 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 with $5.79, beating estimates of $5.451 per share.

Goldman Sachs (GS) reported earnings on 10/18/2022 before the market open with $8.25, beating estimates of $7.69 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2022 before the market open with $2.55, beating estimates of $2.494 per share.

Procter & Gamble (PG) reported earnings on 10/19/2022 before the market open with $1.57, beating estimates of $1.548 per share.

Travelers (TRV) reported earnings on 10/19/2022 before the market open with $2.20, beating estimates of $1.77 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 128.37 (+0.81%) is down -21.52% in 2022.

07:00 AM ET MBA 30-Year Mortgage Rate, 6.81%
07:00 AM ET MBA Mortgage Applications (WoW), -2.0%
07:00 AM ET MBA Purchase Index, 170.5
07:00 AM ET Mortgage Market Index, 214.3
07:00 AM ET Mortgage Refinance Index, 423.2
08:30 AM ET Building Permits (MoM) (Sep), -8.5%
08:30 AM ET Building Permits (Sep), 1.530M, 1.542M
08:30 AM ET Housing Starts (Sep), 1.475M, 1.575M
08:30 AM ET Housing Starts (MoM) (Sep), 12.2%
10:30 AM ET Crude Oil Inventories, 1.380M, 9.880M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.278M
10:30 AM ET Crude Oil Imports, 1.795M
10:30 AM ET Cushing Crude Oil Inventories, -0.309M
10:30 AM ET Distillate Fuel Production, -0.325M
10:30 AM ET EIA Weekly Distillates Stocks, -2.167M, -4.853M
10:30 AM ET Gasoline Production, -0.846M
10:30 AM ET Heating Oil Stockpiles, 0.431M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.3%, -1.4%
10:30 AM ET Gasoline Inventories, -1.114M, 2.023M
13:00 PM ET 20-Year Bond Auction, 3.820%
13:00 PM ET FOMC Member Kashkari Speaks

14:00 PM ET Beige Book
18:30 PM ET Chicago Fed President Evans Speaks

19:30 PM ET FOMC Member Bullard Speaks

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