DJIA Market Happenings For Friday, December 30, 2022 – IBM (IBM) 141.06 Up +5.54% 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 -150 points.

Thursday the Dow closed up +345.09 (+1.05%) at 33,220.80.

Year-to-date the Dow is down -8.58%.

Thursday, (28) Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Disney (DIS) 87.18 (+3.58%), Salesforce (CRM) 132.54 (+3.17%), Apple (AAPL) 129.61 (+2.83%) and Microsoft (MSFT) 241.01 (+2.76%).

The Dow stock losers Thursday were Walgreens (WBA) 37.47 (-0.29%) and Merck (MRK) 110.82 (-0.23%).

The 10 YR yield closed Thursday at 3.821 (-0.21%) and the VIX at 21.44 (-3.16%). The 10 YR is currently at 3.856 and VIX is at 22.21 (+3.59%).

Welcome to the last trading day of 2022. Personally, I hope the market tanks from here as I am only 1% invested. Yep, I’m 99% cash, waiting for the VIX to move much higher.

All three of the major averages are moving toward their worst year since 2008 and will snap a three-year win streak. The Dow has fared the best of the indexes in 2022, down 8.58%, while the S&P and Nasdaq tumbled 19.24% and 33.03%, respectively.

A trial in China showed that VV116, an experimental antiviral drug for treating Covid, was just as effective as Pfizer’s Paxlovid in limiting illness in people at high risk for severe disease. The findings also indicated that the new pill could have fewer side effects that Paxlovid. VV116, made by Junshi Biosciences and Vigonvita Life Science, is similar to remdesivir, which is approved as an IV infusion, but the new drug comes in pill form. The news about VV116 comes as China confronts a surge in coronavirus infections after Xi Jinping’s government abruptly ended its zero Covid policy.

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

The national average price of gasoline is up 2.0 cents at $3.179 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


IBM (IBM) 141.06 (+0.74%) is up +5.54% in 2022.

Financial Calendar

09:45 AM ET Chicago PMI (Dec), 40.0, 37.2
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 622
13:00 PM ET U.S. Baker Hughes Total Rig Count, 779
15:30 PM ET CFTC Aluminium speculative net positions, 5.0K
15:30 PM ET CFTC Copper speculative net positions, 0.8K
15:30 PM ET CFTC Corn speculative net positions, 200.0K
15:30 PM ET CFTC Crude Oil speculative net positions, 238.2K
15:30 PM ET CFTC Gold speculative net positions, 128.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 4.5K
15:30 PM ET CFTC Natural Gas speculative net positions, -152.8K
15:30 PM ET CFTC S&P 500 speculative net positions, -159.8K
15:30 PM ET CFTC Silver speculative net positions, 29.8K
15:30 PM ET CFTC Soybeans speculative net positions, 124.7K
15:30 PM ET CFTC Wheat speculative net positions, -37.0K

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