DJIA Market Happenings For Wednesday, December 28, 2022 – Home Depot (HD) 319.55 Down -23.00% YTD

Dow stocks hitting 52-week highs include Caterpillar (CAT) 243.14 (+1.36%) and Merck (MRK) 112.12 (+0.23%). Dow stock 52-week lows include Apple (AAPL) 130.03 (-1.39%).

The Market

Premarket today, the Dow was indicated to open up +36 points.

Monday the Dow closed up +37.63 (+0.11%) at 33,241.56.

Year-to-date the Dow is down -8.52%.

Monday, (20) Dow 30 stocks were up, (1) was at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Monday were led by Verizon (VZ) 39.25 (+2.19%), Caterpillar (CAT) 243.14 (+1.36%) and Chevron (CVX) 179.63 (+1.26%).

The Dow stock losers Monday were led by Disney (DIS) 86.37 (-1.86%), Apple (AAPL) 130.03 (-1.39%) and Goldman Sachs (GS) 341.97 (-1.02%).

The 10 YR yield closed Monday at 3.840 (-0.36%) and the VIX at 21.65 (+3.74%). The 10 YR is currently at 3.830 and VIX is at 21.68 (+0.14%).

Looks like another soft trading day.

The Supreme Court on Tuesday left in place a rule that allows the U.S. to deport migrants at the Mexican border as a health precaution. More than 2 million migrants have been deported under the rule, called Title 42, since it went into effect in 2020, as the country struggled to respond to the spread of Covid. The justices also agreed to hear oral arguments on the rule in February. A ruling is expected in June. The policy will stick around at least until then.

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

The national average price of gasoline is up 2.9 cents at $3.133 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

Home Depot (HD)

Home Depot (HD) 319.55 (+0.26%) is down -23.00% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.34%
07:00 AM ET MBA Mortgage Applications (WoW), 0.9%
07:00 AM ET MBA Purchase Index, 182.5
07:00 AM ET Mortgage Market Index, 212.5
07:00 AM ET Mortgage Refinance Index, 371.4
08:55 AM ET Redbook (YoY), 7.6%
10:00 AM ET Pending Home Sales (MoM) (Nov), -0.8%, -4.6%
10:00 AM ET Pending Home Sales Index (Nov), 77.1
10:00 AM ET Richmond Manufacturing Index (Dec), -10, -9
10:00 AM ET Richmond Manufacturing Shipments (Dec), -8
10:00 AM ET Richmond Services Index (Dec), -2
10:30 AM ET Dallas Fed Services Revenues (Dec), 5.5
10:30 AM ET Texas Services Sector Outlook (Dec), -11.0
11:37 AM ET 2-Year Note Auction, 4.373%
13:00 PM ET 5-Year Note Auction, 3.974%
16:30 PM ET API Weekly Crude Oil Stock, -3.069M

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