The Dow Market Happenings For Monday, December 27, 2022 – Goldman Sachs (GS) 345.51 Down -9.68% 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 up +43 points.

Friday the Dow closed up +176.44 (+0.53%) at 33,203.93.

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

Friday, (25) 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 Chevron (CVX) 177.40 (+3.09%), Disney (DIS) 88.01 (+1.55%) and Dow (DOW) 50.86 (+1.38%).

The Dow stock losers Friday were led by 3M (MMM) 120.14 (-1.19%), Amgen (AMGN) 263.92 (-0.51%) and Nike (NKE) 116.25 (-0.39%).

The 10 YR yield closed Thursday at 3.747 (+0.03%) and the VIX at 20.87 (-5.01%). The 10 YR is currently at 3.664 and VIX is at 20.51 (+2.19%).

Stocks are headed for their worst yearly performance since 2008 and another down month.

Markets were closed Monday for the Christmas holiday, but in this shortened trading week, investors are expecting either relative quiet or further volatility due to low trading volumes.

Shares of China-based companies trading on U.S. exchanges rose in the premarket as the country eases Covid restrictions. China announced it plans to lift quarantine requirements for travelers beginning Jan. 8.

The Dow is down -4.01% month to date, on pace to break a 2-month win streak. The Dow is also down -8.63% year to date, on pace to break a 3-year win streak with its worst yearly performance since 2008 when it fell -33.84%.

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

The national average price of gasoline is up two-tenths of a cent at $3.104 per gallon.

Earnings Reports

Nike (NKE) will report earnings on 12/20/22 after the market close with $0.85, beating estimates of $0.654 per share.

Walgreens (WBA) will report earnings on 1/5/22 before the market open.

JPMorgan (JPM) will report earnings on 1/13/22 before the market open.

UnitedHealth (UNH)) will report earnings on 1/13/22 before the market open.

Goldman Sachs (GS) will report earnings on 1/17/22 before the market open.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 345.51 (-0.02%) is down -9.68% in 2022.

Financial Calendar

08:30 AM ET Goods Trade Balance (Nov), -96.90B, -98.80B
08:30 AM ET Retail Inventories Ex Auto (Nov), -0.5%
08:30 AM ET Wholesale Inventories (MoM), 0.4%, 0.5%
09:00 AM ET House Price Index (MoM) (Oct), -0.6%, 0.1%
09:00 AM ET House Price Index (YoY) (Oct), 11.0%
09:00 AM ET House Price Index (Oct), 392.3
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Oct), -1.2%, -1.2%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Oct), 8.0%, 10.4%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Oct), -1.5%
10:30 AM ET Dallas Fed Mfg Business Index (Dec), -14.4
11:30 AM ET 3-Month Bill Auction, 4.290%
11:30 AM ET 52-Week Bill Auction, 4.555%
11:30 AM ET 6-Month Bill Auction, 4.550%
13:00 PM ET 2-Year Note Auction, 4.505%

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