DJIA Market Happenings For Monday, December 5, 2022 – UnitedHealth (UNH) 536.16 Up +6.78% 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.

Friday the Dow closed up +34.87 (+0.10%) at 34,429.88.

Year-to-date the Dow is down -5.25%.

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

The Dow stock winners Friday were led by Boeing (BA) 182.87 (+4.03%), Nike (NKE) 112.20 (+1.29%) and Dow (DOW) 51.55 (+0.94%).

The Dow stock losers Friday were Salesforce (CRM) 144.56 (-1.66%), Intel (INTC) 29.41 (-1.41%) and Goldman Sachs (GS) 380.58 (-0.84%).

The 10 YR yield closed Friday at 3.498 and the VIX at 19.06 (-3.93%). The 10 YR is currently at 3.527 and VIX is at 20.13 (+5.61%).

U.S. stock futures are down this morning as investors await more economic data ahead of CPI data and the Federal Reserve’s December policy meeting next week.

Fed Chair Jerome Powell has signaled that smaller interest rate hikes could start in December. The Fed is slated to meet Dec. 13-14 and is expected to raise rates by 50 basis points, or 0.5 percentage points. On Friday, stronger-than-expected jobs report initially rattled markets, but traders later shook it off.

Today, investors are expecting the November ISM services data at 10 a.m. ET. Economists expect a reading of 53.7.

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

The national average price of gasoline is down 1.0 cent at $3.403 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 536.16 (+0.17%) is up +6.78% in 2022.

Financial Calendar

09:45 AM ET S&P Global Composite PMI (Nov), 46.3
09:45 AM ET Services PMI (Nov), 46.1
10:00 AM ET CB Employment Trends Index (Nov), 119.57
10:00 AM ET Durables Excluding Defense (MoM) (Oct), 0.8%
10:00 AM ET Durables Excluding Transport (MoM) (Oct), 0.5%
10:00 AM ET Factory Orders (MoM) (Oct), 0.7%, 0.3%
10:00 AM ET Factory orders ex transportation (MoM) (Oct), -0.1%
10:00 AM ET ISM Non-Manufacturing Business Activity (Nov), 55.7
10:00 AM ET ISM Non-Manufacturing Employment (Nov), 49.1
10:00 AM ET ISM Non-Manufacturing New Orders (Nov), 56.5
10:00 AM ET ISM Non-Manufacturing PMI (Nov), 53.1, 54.4
10:00 AM ET ISM Non-Manufacturing Prices (Nov), 70.7
11:30 AM ET 3-Month Bill Auction, 4.285%
11:30 AM ET 6-Month Bill Auction, 4.550%

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