The Dow Market Happenings For Wednesday, April 5, 2023 – Intel (INTC) 33.10 Up +25.24% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 282.28 (+0.05%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +45 points.

Tuesday the Dow closed down -198.77 (-0.59%) at 33,402.38.

Year-to-date the Dow is up +0.77%.

Tuesday, (9) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Nike (NKE) 123.69 (+1.66%), Amgen (AMGN) 247.53 (+1.26%) and Walgreens (WBA) 35.85 (+1.10%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 217.45 (-5.40%), 3M (MMM) 102.25 (-2.22%) and Travelers (TRV) 168.63 (-2.12%).

The VIX closed Tuesday at 19.00 (+2.43%). The VIX is currently at 19.70 (+3.68%). The 10YR is at 3.301.

Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an upwardly revised 261,000 in February and below the Dow Jones estimate for 210,000. That took first-quarter hiring to an average of just 175,000 jobs a month, down from 216,000 in the fourth quarter and a sharp reduction from the average of 397,000 in the first quarter of 2022. Annual pay rose at a 6.9% rate in March, down from 7.2% in February, according to the firm’s calculations.

Johnson & Johnson (JMJ) shares rose nearly 3% in premarket trading after the pharmaceutical company said Tuesday it would pay $8.9 billion over the next 25 years to settle claims that its talc products caused cancer.

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