The Dow Market Happenings For Friday, December 16, 2022 – Caterpillar (CAT) 230.66 Up +11.57% 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 -409 points.

Thursday the Dow closed down -764.13 (-2.25%) at 33,202.22.

Year-to-date the Dow is down -8.63%.

Thursday, (1) Dow 30 stock was up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday was Verizon (VZ) 37.77 (+0.85%).

The Dow stock losers Thursday were led by IBM (IBM) 142.36 (-5.00%), Apple (AAPL) 136.50 (-4.69%), Intel (INTC) 27.15 (-3.93%), Disney (DIS) 90.49 (-3.89%), Dow 49.53 (-3.56%) and Salesforce (CRM) 130.44 (-3.20%).

The 10 YR yield closed Wednesday at 3.462 (+0.62%) and the VIX at 22.83 (+7.99%). The 10 YR is currently at 3.548 and VIX is at 23.54 (+3.11%).

U.S. equities are on the verge of their second straight losing week. Markets fell steeply Thursday as investors digested Federal Reserve Chairman Jerome Powell’s hawkish remarks and outlook from the day before. Sluggish retail sales heading into the holidays didn’t help, either, even though they indicated a slowing economy, which is what the Fed wants as it tries to beat back inflation. Instead, it’s shaping up to be an environment where the Fed keeps rates higher for a longer period of time, regardless of what happens in the next few months. A Santa Claus rally is fading.

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

The national average price of gasoline is down 1.5 cents at $3.178 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 230.66 (-1.63%) is up +11.57% in 2022.

Financial Calendar

09:45 AM ET Manufacturing PMI (Dec), 47.7, 47.7
09:45 AM ET S&P Global Composite PMI (Dec), 47.0, 46.4
09:45 AM ET Services PMI (Dec), 46.8, 46.2
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 625
13:00 PM ET U.S. Baker Hughes Total Rig Count, 780
15:30 PM ET CFTC Aluminium speculative net positions, 5.6K
15:30 PM ET CFTC Copper speculative net positions, 1.7K
15:30 PM ET CFTC Corn speculative net positions, 198.4K
15:30 PM ET CFTC Crude Oil speculative net positions, 231.7K
15:30 PM ET CFTC Gold speculative net positions, 115.1K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 13.5K
15:30 PM ET CFTC Natural Gas speculative net positions, -164.0K
15:30 PM ET CFTC S&P 500 speculative net positions, -203.7K
15:30 PM ET CFTC Silver speculative net positions, 19.2K
15:30 PM ET CFTC Soybeans speculative net positions, 89.7K
15:30 PM ET CFTC Wheat speculative net positions, -39.9K

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