The Dow Market Happenings For Monday, January 9, 2023 – McDonald’s (MCD) 269.47 Up +2.25% YTD

Dow stocks hitting 52-week highs include Caterpillar (CAT) 248.86 (+3.57%), Merck (MRK) 114.84 (+1.06%) and Travelers (TRV) 193.87 (+3.37%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +118 points.

Friday the Dow closed up +700.53 (+2.13%) at 33,630.61.

Year-to-date the Dow is up +1.46%.

Friday, all Dow 30 stocks were up, none were at 52-week lows and (3) were at 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 28.73 (+4.25%), Walgreens (WBA) 36.61 (+4.04%), Dow (DOW) 55.02 (+3.99%), Boeing (BA) 213.00 (+3.91%), Apple (AAPL) 129.62 (+3.68%) and Caterpillar (CAT) 248.86 (+3.57%).

The Dow stock losers Friday were not to be found.

The 10 YR yield closed Friday at 3.575 (+0.08%) and the VIX at 21.13 (-5.92%). The 10 YR is currently at 3.575 and VIX is at 21.74 (+2.89%).

Investors are hopeful the Federal Reserve is finished with its most aggressive action to bring down inflation, after data at the end of last week suggested the U.S. economy might be cooling off. This Thursday comes the latest consumer price index readout, and major banks report earnings on Friday.

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

The national average price of gasoline is down one-tenth of a cent at $3.280 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/5/23 before the market open with $1.16, beating estimates of $1.145 per share.

JPMorgan (JPM) will reports earnings on 1/13/23 before the market open.

UnitedHealth (UNH) reports earnings on 1/13/23 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/23 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/23 before the market open.

3M (MMM) reports earnings on 1/24/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/23 before the market open.

Microsoft (MSFT) reports earnings on 1/24/23 after the market close.

Travelers (TRV) reports earnings on 1/24/23 before the market open.

Verizon (VZ) reports earnings on 1/24/23 before the market open.

Boeing (BA) reports earnings on 1/25/23 before the market open.

IBM (IBM) reports earnings on 1/25/23 after the market close.

Intel (INTC) reports earnings on 1/25/23 after the market close.

McDonald’s (MCD) reports earnings on 1/26/23 before the market open.

Caterpillar (CAT) reports earnings on 1/26/23 before the market open.

Dow (DOW) reports earnings on 1/26/23 before the market open.

Apple (AAPL) reports earnings on 1/26/23 after the market close.

Visa (V) reports earnings on 1/26/23 after the market close.

American Express (AXP) reports earnings on 1/27/23 before the market open.

Chevron (CVX) reports earnings on 1/27/23 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 269.47 (+2.79%) is up +2.25% in 2023.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Dec), 117.65
11:30 AM ET 3-Month Bill Auction, 4.410%
11:30 AM ET 6-Month Bill Auction, 4.635%
15:00 PM ET Consumer Credit (Nov), 24.00B, 27.08B

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