The Dow Market Happenings For Wednesday, November 30, 2022 – Nike (NKE) 106.25 Down -36.25% YTD

Dow stocks hitting 52-week highs include Merck (MRK) 108.84 (+0.36%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +11 points.

Tuesday the Dow closed up +3.07 (+0.01%) at 33,852.53.

Year-to-date the Dow is down -6.84%.

Tuesday, (17) of the Dow 30 stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by American Express (AXP) 154.42 (+2.35%), Dow (DOW) 50.65 (+2.32%) and Boeing (BA) 175.32 (+2.03%).

The Dow stock losers Tuesday were led by Apple (AAPL) 141.17 (-2.11%), Salesforce (CRM) 151.68 (-1.31%) and Disney (DIS) 94.69 (-1.05%).

The 10 YR yield closed Tuesday at 3.766 and the VIX at 21.89 (-1.44%). The 10 YR is currently at 3.787 and VIX is at 22.18 (+1.32%).

Federal Reserve Chair Jerome Powell is scheduled to speak at the Brookings Institution today, and investors will be listening for any clues on whether the central bank will slow or stop interest rate hikes. After four straight 0.75 percentage point increases to tame high inflation, many expect a smaller 0.5 percentage point increase at the Fed’s meeting next month. A pause in rate hikes, or a pivot, would likely send markets higher. Stock futures were up ahead of Powell’s speech and as the market awaited other economic data expected Wednesday, including the ADP private payrolls report and the Job Openings and Labor Turnover Survey.

Congressional leaders are moving to adopt a tentative contract agreement for rail workers ahead of a strike deadline next month. President Joe Biden had called on Congress to intervene after talks stalled between railroads and four unions over paid sick days. Biden has said he’s reluctant to override the unions’ vote against the contract, but that a rail shutdown would “devastate” the economy. The House is expected to take up legislation to adopt an agreement Wednesday. Senate Majority Leader Chuck Schumer, a New York Democrat, has promised swift action in the Senate as well.

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

The national average price of gasoline is down 2.6 cents at $3.495 per gallon.

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) reported earnings on 11/3/2022 after the market close with $4.70, beating estimates of $4.427 per share.

Disney (DIS) reports earnings on 11/8/2022 after the market close with $0.30, missing estimates of $0.503 per share.

Home Depot (HD) reported earnings on 11/15/2022 before the market open with $4.24, beating estimates of $4.109 per share.

Walmart (WMT) reported earnings on 11/15/2022 before the market open with $1.50, beating estimates of $1.315 per share.

Cisco (CSCO) reported earnings on 11/16/2022 after the market close with $0.86, beating estimates of $0.733 per share.

Salesforce (CRM) reports earnings on 11/30/2022 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 106.25 (+1.23%) is down -36.25% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.67%
07:00 AM ET MBA Mortgage Applications (WoW), 2.2%
07:00 AM ET MBA Purchase Index, 174.4
07:00 AM ET Mortgage Market Index, 209.8
07:00 AM ET Mortgage Refinance Index, 373.6
08:15 AM ET ADP Nonfarm Employment Change (Nov), 200K, 239K
08:30 AM ET Core PCE Prices (Q3), 4.50%, 4.70%
08:30 AM ET Corporate Profits (QoQ) (Q3), 3.1%, 6.2%
08:30 AM ET GDP (QoQ) (Q3), 2.7%, 2.6%
08:30 AM ET GDP Price Index (QoQ) (Q3), 4.1%, 9.0%
08:30 AM ET GDP Sales (Q3), 3.3%, 1.3%
08:30 AM ET Goods Trade Balance (Oct), -90.20B, -92.22B
08:30 AM ET PCE Prices (Q3), 4.2%, 7.3%
08:30 AM ET Real Consumer Spending (Q3), 1.4%, 2.0%
08:30 AM ET Retail Inventories Ex Auto (Oct), -0.2%, -0.1%
08:30 AM ET Wholesale Inventories (MoM), 0.5%, 0.6%
09:45 AM ET Chicago PMI (Nov), 47.0, 45.2
10:00 AM ET JOLTs Job Openings (Oct), 10.300M, 10.717M
10:00 AM ET Pending Home Sales (MoM) (Oct), -5.0%, -10.2%
10:00 AM ET Pending Home Sales Index (Oct), 79.5
10:00 AM ET M2 Money Supply (MoM), 21.42T
10:30 AM ET Crude Oil Inventories, -2.758M, -3.691M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.258M
10:30 AM ET Crude Oil Imports, 1.124M
10:30 AM ET Cushing Crude Oil Inventories, -0.887M
10:30 AM ET Distillate Fuel Production, 0.014M
10:30 AM ET EIA Weekly Distillates Stocks, 1.457M, 1.718M
10:30 AM ET Gasoline Production, -0.625M
10:30 AM ET Heating Oil Stockpiles, 0.961M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.2%, 1.0%
10:30 AM ET Gasoline Inventories, 1.625M, 3.058M
12:35 PM ET Fed Governor Cook Speaks
13:30 PM ET Fed Chair Powell Speaks
14:00 PM ET Beige Book

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