The Dow Market Happenings For Thursday, December 29, 2022 – Honeywell (HON) 212.19 Up +1.76% YTD

Dow stocks hitting 52-week highs include Merck (MRK) 111.08 (-0.93%) and Travelers (TRV) 188.13 (-1.23%). Dow stock 52-week lows include Apple (AAPL) 126.04 (-3.07%) and Disney (DIS) 84.17 (-2.55%).

The Market

Premarket today, the Dow was indicated to open up +160 points.

Wednesday the Dow closed down -365.85 (-1.10%) at 32,875.71.

Year-to-date the Dow is down -9.53%.

Wednesday, (1) Dow 30 stock was up, (2) were at 52-week lows and (2) were at 52-week highs.

The Dow stock winner Wednesday was JPMorgan (JPM) 132.46 (+0.55%).

The Dow stock losers Wednesday were led by Apple (AAPL) 126.04 (-3.07%), Disney (DIS) 84.17 (-2.55%), Dow (DOW) 49.99 (-2.34%), Nike (NKE) 114.98 (-2.19%) and Walgreens (WBA) 37.358 (-1.91%).

The 10 YR yield closed Wednesday at 3.866 (-0.23%) and the VIX at 22.14 (+2.26%). The 10 YR is currently at 3.830 and VIX is at 21.68 (+0.14%).

Only two trading days left in 2022 with futures up this morning. Stock futures pushed higher after the Labor Department Thursday reported an increase in jobless claims from last week, amid Federal Reserve efforts to cool the economy and in particular the labor market.

First-time filings for unemployment benefits totaled 225,000 for the week ended Dec. 24, according to the report. That was an increase of 9,000 from the previous week and slightly above a 223,000 estimate. Longer-term, continuing claims, which run a week behind the headline number, jumped to 1.71 million, an increase of 41,000 to the highest level since early February.

Apple (AAPL) is up 1% in premarket trading after closing Wednesday at a 1-1/2 year low. Apple is down 29% for 2022.

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

The national average price of gasoline is up 2.6 cents at $3.159 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

Honeywell (HON)

Honeywell (HON) 212.19 (-1.26%) is up +1.76% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,686K, 1,672K
08:30 AM ET Initial Jobless Claims, 225K, 216K
08:30 AM ET Jobless Claims 4-Week Avg., 221.75K
10:30 AM ET Natural Gas Storage, -201B, -87B
11:00 AM ET Crude Oil Inventories, -1.520M, -5.894M
11:00 AM ET EIA Refinery Crude Runs (WoW), -0.150M
11:00 AM ET Crude Oil Imports, -1.092M
11:00 AM ET Cushing Crude Oil Inventories, 0.853M
11:00 AM ET Distillate Fuel Production, -0.066M
11:00 AM ET EIA Weekly Distillates Stocks, -2.050M, -0.242M
11:00 AM ET Gasoline Production, 0.358M
11:00 AM ET Heating Oil Stockpiles, -0.239M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.1%, -1.3%
11:00 AM ET Gasoline Inventories, 0.520M, 2.530M
11:30 AM ET 4-Week Bill Auction, 3.610%
11:30 AM ET 8-Week Bill Auction, 3.985%
13:00 PM ET 7-Year Note Auction, 3.890%

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