DJIA Market Happenings For Friday, September 22, 2023 – Walmart (WMT) 161.92 Up +14.20% 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 be up +23 points.

Thursday the Dow closed down -370.46 (-1.08%) at 34,070.42.

Year-to-date the Dow is up +2.79%.

Thursday, (2) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were UnitedHealth (UNH) 501.14 (+1.83%) and Disney (DIS) 82.73 (+0.21%).

The Dow stock losers Thursday were led by Cisco (CSCO) 53.34 (-3.89%), Dow (DOW) 51.00 (-2.78%), Nike (NKE) 91.59 (-2.61%) and Caterpillar (CAT) 272.03 (-2.36%).

The VIX closed Thursday at 17.54 (+15.85%) and the 10 YR at 4.489 (+0.31%). The VIX is currently at 16.87 (-3.82%). The 10YR is at 4.464 (-0.25%).

Bond yields surged after the central bank forecast one more rate hike for 2023. The benchmark 10-year Treasury yield popped 15 basis point to hit a high of 4.498%, its highest level since 2007. Meanwhile, the 2-year rate topped 5.2%, touching its highest level since 2006.

West Texas Intermediate crude (WTI) gained 1.4%, or $1.23, at $90.92, trading back above the $90 threshold. Brent crude rose 1% to $94.26.

The Dow has slipped 1.6% so far this week. If that holds, it would mark the worst weekly performance since mid-August.

Bullish sentiment toward the six-month outlook for stocks dropped to a 16-week low of 31.3% from 34.4% previously in the latest weekly survey from the American Association of Individual Investors. Optimism has stood below the historical average of 37.5% for five of the past six weeks.

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

The national average price of gasoline is down eight-tenths of a cent at $3.859 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/28/23 after the market close.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 161.92 (-1.21%) is up +14.20% in 2023.

Financial Calendar

08:50 AM ET Fed Governor Cook Speaks
09:45 AM ET S&P Global US Manufacturing PMI (Sep), 48.0, 47.9
09:45 AM ET S&P Global Composite PMI (Sep), 50.2
09:45 AM ET S&P Global Services PMI (Sep), 50.6, 50.5
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 515
13:00 PM ET U.S. Baker Hughes Total Rig Count, 641
16:30 PM ET CFTC Aluminium speculative net positions, 5.1K
16:30 PM ET CFTC Copper speculative net positions, -12.3K
16:30 PM ET CFTC Corn speculative net positions, -88.0K
16:30 PM ET CFTC Crude Oil speculative net positions, 326.9K
16:30 PM ET CFTC Gold speculative net positions, 123.9K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 9.1K
16:30 PM ET CFTC Natural Gas speculative net positions, -112.0K
16:30 PM ET CFTC S&P 500 speculative net positions, -116.3K
16:30 PM ET CFTC Silver speculative net positions, 18.0K
16:30 PM ET CFTC Soybeans speculative net positions, 85.2K
16:30 PM ET CFTC Wheat speculative net positions, -49.6K

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