DJIA Market Happenings For Friday, December 9, 2022 – Walmart (WMT) 148.78 Up +2.83% YTD

Dow stocks hitting 52-week highs include Merck (MRK) 110.85 (+0.69%). Dow stock 52-week lows include Salesforce (CRM) 130.13 (-0.27%).

The Market

Premarket today, the Dow was indicated to open down -99 points.

Thursday the Dow closed up +183.56 (+0.55%) at 33,781.48.

Year-to-date the Dow is down -7.17%.

Thursday, (22) Dow 30 stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Thursday were led by Nike (NKE) 111.36 (+2.80%), Cisco (CSCO) 48.99 (+1.68%) and Boeing (BA) 179.08 (+1.46%).

The Dow stock losers Wednesday were led by Goldman Sachs (GS) 358.08 (-0.51%), American Express (AXP) 154.12 (-0.42%) and 3M (MMM) 126.00 (-0.28%).

The 10 YR yield closed Wednesday at 3.463 (-1.14%) and the VIX at 22.29 (-1.72%). The 10 YR is currently at 3.537 and VIX is at 22.87 (+2.60%).

Stock futures are down after wholesale prices rose more than expected in November, putting a damper on some hopes that inflation may be cooling off.

November’s producer price index showed wholesale prices rise 0.3% last month and 7.4% over the previous year. That topped the 0.2% gain expected. Core PPI, which excludes food and energy, rose 0.4%, topping an estimate of 0.2%.

Next week we get the CPI report and the FOMC meeting.

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

The national average price of gasoline is down 1.4 cents at $3.315 per gallon.

Earnings Reports

Nike (NKE) will report earnings on 12/20/22 after the market close.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 148.78 (+0.15%) is up +2.83% in 2022.

Financial Calendar

08:30 AM ET Core PPI (YoY) (Nov), 5.9%, 6.7%
08:30 AM ET Core PPI (MoM) (Nov), 0.2%, 0.0%
08:30 AM ET PPI (YoY) (Nov), 7.2%, 8.0%
08:30 AM ET PPI (MoM) (Nov), 0.2%, 0.2%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Nov), 0.2%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Nov), 5.4%
10:00 AM ET Michigan 5-Year Inflation Expectations (Dec), 3.00%
10:00 AM ET Michigan Consumer Expectations (Dec), 56.0, 55.6
10:00 AM ET Michigan Consumer Sentiment (Dec), 56.9, 56.8
10:00 AM ET Michigan Current Conditions (Dec), 58.0, 58.8
10:00 AM ET Michigan Inflation Expectations (Dec), 4.9%
10:00 AM ET Wholesale Inventories (MoM), 0.8%, 0.8%
10:00 AM ET Wholesale Trade Sales (MoM) (Oct), 0.4%
12:00 PM ET WASDE Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 627
13:00 PM ET U.S. Baker Hughes Total Rig Count, 784
15:30 PM ET CFTC Aluminium speculative net positions, 6.4K
15:30 PM ET CFTC Copper speculative net positions, 2.0K
15:30 PM ET CFTC Corn speculative net positions, 270.2K
15:30 PM ET CFTC Crude Oil speculative net positions, 239.7K
15:30 PM ET CFTC Gold speculative net positions, 110.0K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 9.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -163.4K
15:30 PM ET CFTC S&P 500 speculative net positions, -204.2K
15:30 PM ET CFTC S&P 500 speculative net positions, -204.2K
15:30 PM ET CFTC Silver speculative net positions, 17.5K
15:30 PM ET CFTC Soybeans speculative net positions, 87.2K
15:30 PM ET CFTC Wheat speculative net positions, -33.3K

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