The Dow Market Happenings For Tuesday, November 1, 2022 – American Express (AXP) 148.45 Down -9.26% YTD

Dow stocks hitting 52-week highs include Chevron (CVX) 180.90 (+0.51%) and UnitedHealth (UNH) 555.15 (+0.71%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +214 points.

Monday the Dow closed down -128.85 (-0.39%) at 32,732.95.

Year-to-date the Dow is down -9.92%.

Monday, (6) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Monday were led by Travelers (TRV) 184.46 (+1.37%), Goldman Sachs (GS) 344.51 (+0.79%) and UnitedHealth (UNH) 555.15 (+0.71%).

The Dow stock losers Monday were led by Intel (INTC) 28.43 (-2.20%), Microsoft (MSFT) 232.13 (-1.59%) and Dow (DOW) 46.74 (-1.56%).

The 10 YR yield closed Monday at 4.051% and the VIX at 25.88 (+0.50%). The 10 YR is currently at 3.960 and VIX is at 25.77 (-0.43%).

October was a volatile but ultimately successful time for stocks. The Dow rose nearly 14%, the composite’s best month since January 1976.

The Federal Reserve is widely expected to raise its benchmark interest rate by three-quarters of a percentage point for the fourth meeting in a row on Wednesday after two days of Federal Open Market Committee meetings. Then markets expect the central bank to come off its hawkish stance to lower inflation and slow down the pace of rate hikes unless data continues to show stubbornly hot inflation.

Homebuilders who thrived during the earlier days of the Covid pandemic are now experiencing a suddenly cooler market, due to skyrocketing mortgage rates. Home prices have already cooled, sellers have become more reluctant to part ways with their low rates, and buyers are spooked by high prices and surging rates.

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

The national average price of gasoline is down four-tenths of a cent at $3.758 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) reported earnings on 10/19/2022 after the market close with $1.81, beating estimates of $1.776 per share.

Dow (DOW) reported earnings on 10/20/2022 before the market open with $1.11, beating estimates of $1.026 per share.

American Express (AXP) reported earnings on 10/21/2022 before the market open with $2.47, beating estimates of $2.385 per share.

Verizon (VZ) reported earnings on 10/21/2022 before the market open with $1.32, beating estimates of $1.285 per share.

Coca Cola (KO) reported earnings on 10/25/2022 before the market open with $0.69, beating estimates of $0.636 per share.

3M (MMM) reported earnings on 10/25/2022 before the market open with $2.69, beating estimates of $2.612 per share.

Microsoft (MSFT) reported earnings on 10/25/2022 after the market close with $2.35, beating estimates of $2.29 per share.

Visa (V) reported earnings on 10/25/2022 after the market close with $1.93, beating estimates of $1.857 per share.

Boeing (BA) reported earnings on 10/26/2022 before the market open with -$6.18, missing estimates of -$0.006 per share.

Caterpillar (CAT) reported earnings on 10/27/2022 before the market open with $3.95, beating estimates of $3.186 per share.

Honeywell (HON) reported earnings on 10/27/2022 before the market open with $2.25, beating estimates of $2.163 per share.

McDonald’s (MCD) reported earnings on 10/27/2022 before the market open with $2.68, beating estimates of $2.57 per share.

Merck (MRK) reported earnings on 10/27/2022 before the market open with $1.85, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 10/27/2022 after the market close with $1.29, beating estimates of $1.261 per share.

Intel (INTC) reported earnings on 10/27/2022 after the market close with $0.59, beating estimates of $0.34 per share.

Chevron (CVX) reported earnings on 10/28/2022 before the market open with $5.56, beating estimates of $5.019 per share.

Amgen (AMGN) reports earnings on 11/3/2022 after the market close.

Disney (DIS) reports earnings on 11/8/2022 after the market close.

Home Depot (HD) reports earnings on 11/15/2022 before the market open.

Walmart (WMT) reports earnings on 11/15/2022 before the market open.

Cisco (CSCO) reports earnings on 11/16/2022 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 148.45 (-1.32%) is down -9.26% in 2022.

06:00 AM ET OPEC Meeting
08:55 AM ET Redbook (YoY), 8.2%
09:45 AM ET Manufacturing PMI (Oct), 49.9, 49.9
10:00 AM ET Construction Spending (MoM) (Sep), -0.5%, -0.7%
10:00 AM ET ISM Manufacturing Employment (Oct), 53.0, 48.7
10:00 AM ET ISM Manufacturing New Orders Index (Oct), 47.1
10:00 AM ET ISM Manufacturing PMI (Oct), 50.0, 50.9
10:00 AM ET ISM Manufacturing Prices (Oct), 52.5, 51.7
10:00 AM ET JOLTs Job Openings (Sep), 10.000M, 10.053M
10:30 AM ET Dallas Fed Services Revenues (Oct), 5.9
10:30 AM ET Texas Services Sector Outlook (Oct), -5.4
11:30 AM ET 52-Week Bill Auction, 3.955%
16:30 PM ET API Weekly Crude Oil Stock, 4.520M

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