The Dow Market Happenings For Friday, May 5, 2023 – Verizon (VZ) 37.35 Down -5.20% 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 up +241 points.

Thursday the Dow closed down -286.50 (-0.86%) at 33,127.74.

Year-to-date the Dow is down -0.06%.

Thursday, (6) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were Intel (INTC) 31.24 (+1.92%), Amgen (AMGN) 231.89 (+1.13%) and Dow (DOW) 53.36 (+0.68%).

The Dow stock losers Thursday were led by Disney (DIS) 97.45 (-3.38%), Home Depot (HD) 285.75 (-2.50%) and Caterpillar (CAT) 210.38 (-2.44%).

The VIX closed Thursday at 20.09 (+9.54%) and the 10 YR at 3.357 (+0.60%). The VIX is currently at 18.38 (-8.51%). The 10YR is at 3.428 (+2.73%).

We got a stronger-than-expected April jobs report. The economy added 253,000 jobs last month, much more than the 180,000 expected by economists. The unemployment rate is down to 3.4%, tied for the lowest level since 1969. All that said, job growth has slowed somewhat, while gains for February and March were revised down.

Apple’s (AAPL) revenue and profit fell last quarter, but the results still beat Wall Street’s low expectations. Better-than-hoped iPhone sales helped make that happen. Sales for the ubiquitous gadget easily cleared the bar set by analysts, while Mac and iPad sales came up short. In all, iPhone sales rose 2% for the quarter, an indication that supply chain problems may be less of an issue.

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

The national average price of gasoline is down 1.3 cents at $3.561 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 4/14/23 before the market open with $4.10, beating estimates of $3.414 per share.

UnitedHealth (UNH) reported earnings on 4/14/23 before the market open with $6.26, beating estimates of $6.238 per share.

Goldman Sachs (GS) reported earnings on 4/18/23 before the market open with $8.79, beating estimates of $8.10 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/23 before the market open with $2.68, beating estimates of $2.506 per share.

Travelers (TRV) reported earnings on 4/19/23 before the market open with $4.11, beating estimates of $3.636 per share.

IBM (IBM) reported earnings on 4/19/23 after the market close with $1.36, beating estimates of $1.273 per share.

American Express (AXP) reported earnings on 4/20/23 before the market open with $2.40, missing estimates of $2.603 per share.

Procter & Gamble (PG) reported earnings on 4/21/23 before the market open with $1.37, beating estimates of $1.317per share.

Coca Cola (KO) reported earnings on 4/24/23 before the market open with $0.68, beating estimates of $0.647 per share.

3M (MMM) reported earnings on 4/25/23 before the market open with $1.97, beating estimates of $1.602per share.

Dow (DOW) reports earnings on 4/25/23 before the market open with $0.58, beating estimates of $0.369 per share.

Verizon (VZ) reports earnings on 4/25/23 before the market open with $1.20, beating estimates of $1.192 per share.

Microsoft (MSFT) reported earnings on 4/25/23 after the market close with $2.45, beating estimates of $2.216 per share.

Visa (V) reported earnings on 4/25/23 after the market close with $2.09, beating estimates of $1.969per share.

McDonald’s (MCD) reported earnings on 4/25/23 before the market open with $2.45, beating estimates of $2.307 per share.

Boeing (BA) reported earnings on 4/26/23 before the market open with -$1.27, beating estimates of $0.981 per share.

Caterpillar (CAT) reported earnings on 4/27/23 before the market open with $4.91, beating estimates of $3.786 per share.

Merck (MRK) reported earnings on 4/27/23 before the market open with $1.40, beating estimates of $1.341 per share.

Honeywell (HON) reported earnings on 4/27/23 before the market open with $2.07, beating estimates of $1.927 per share.

Amgen (AMGN) reported earnings on 4/27/23 after the market close with $3.98, beating estimates of $3.838 per share.

Intel (INTC) reported earnings on 4/27/23 after the market close with -$0.04, beating estimates of -$0.157 per share.

Chevron (CVX) reported earnings on 4/28/23 before the market open with $3.55, beating estimates of $3.362 per share.

Apple (AAPL) reported earnings on 5/4/23 after the market close with $1.52, beating estimates of $1.438 per share.

Disney (DIS) reports earnings on 5/10/23 after the market close.

Home Depot (HD) reports earnings on 5/16/23 before the market open.

Cisco (CSCO) reports earnings on 5/17/23 after the market close.

Walmart (WMT) reports earnings on 5/18/23 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 37.35 (-1.66%) is down -5.20% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Apr), 0.3%, 0.3%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Apr), 4.2%, 4.2%
08:30 AM ET Average Weekly Hours (Apr), 34.4, 34.4
08:30 AM ET Government Payrolls (Apr), -8.0K, 47.0K
08:30 AM ET Manufacturing Payrolls (Apr), -5K, -1K
08:30 AM ET Nonfarm Payrolls (Apr), 180K, 236K
08:30 AM ET Participation Rate (Apr), 62.5%, 62.6%
08:30 AM ET Private Nonfarm Payrolls (Apr), 160K, 189K
08:30 AM ET U6 Unemployment Rate (Apr), 6.7%, 6.7%
08:30 AM ET Unemployment Rate (Apr), 3.6%, 3.5%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 591
13:00 PM ET Fed Governor Cook Speaks
13:00 PM ET U.S. Baker Hughes Total Rig Count, 755
15:00 PM ET Consumer Credit (Mar), 16.50B, 15.29B
16:30 PM ET CFTC Aluminium speculative net positions, 6.2K
16:30 PM ET CFTC Copper speculative net positions, -17.0K
16:30 PM ET CFTC Corn speculative net positions, 24.6K
16:30 PM ET CFTC Crude Oil speculative net positions, 236.4K
16:30 PM ET CFTC Gold speculative net positions, 185.3K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 5.1K
16:30 PM ET CFTC Natural Gas speculative net positions, -136.2K
16:30 PM ET CFTC S&P 500 speculative net positions, -363.3K
16:30 PM ET CFTC Silver speculative net positions, 30.6K
16:30 PM ET CFTC Soybeans speculative net positions, 104.1K
16:30 PM ET CFTC Wheat speculative net positions, -83.2K

Both comments and pings are currently closed.

Comments are closed.