DJIA / Market Close for Monday, April 16, 2012

The Dow closed up +71.82 (+0.56%) at 12,921.41 on retail sales data. Nasdaq was down as Apple and Google both fell today. The S&P 500 was down too but the Russell 2000 squeeked out a gain. All in all, I believe we are in the process of a retracement on the order of 50% or so.

This week brings earnings reports from 84 of the companies in the S&P 500, and 12 of the 30 companies in the Dow Jones industrial average.

European stocks closed higher and Asian markets closed lower.

The dollar rose against the euro and British pound, but fell versus the Japanese yen.

Oil for May delivery was up 10 cents to settle at $102.93 a barrel.

Gold futures for April delivery dropped $10.40 to $1,648.70 an ounce.

The price on the benchmark 10-year U.S. Treasury dropped, pushing the yield up to 1.99%.

Tomorrow before the open, notable stocks expected to report earnings include KO, CMA, FRX, GS, JNJ, MMR, EDU, NTRS, OMC, STT, AMTD, USB, USG, GWW, and WBS.

Also tomorrow before the open there are two economic reports scheduled to be released: 1) Housing Starts (Consensus 700K) and Building Permits (Consensus 700K) and 2) Industrial Production (Consensus 0.2%) and Capacity Utilization (Consensus 78.5%).

Upcoming Dow Component Earnings Reports

MMM – 4/24/12 BMO
AA – Reported 0.10 (-0.041 est) on 4/10/12.
AXP – 4/18/12 AMC
T – 4/24/12 BMO
BA – 4/25/12 BMO
BAC – 4/19/12 BMO
CAT – 4/25/12 BMO
CVX – 4/27/12 BMO
CSCO – 5/9/12 AMC
KO – 4/17/12 BMO
DD – 4/19/12 BMO
XOM – 4/26/12 BMO
GE – 4/20/12 BMO
HPQ – Reported 0.92 (0.87 est) on 2/22/12.
HD – Reported 0.50 (0.419 est) on 2/21/12.
INTC – 4/17/12 AMC
IBM – 4/17/12 AMC
JNJ – 4/17/12 BMO
JPM – Reported 1.31 (1.165 est) on 4/13/12.
KFT – 5/3/12 AMC
MCD – 4/20/12 BMO
MRK – 4/27/12 BMO
MSFT – 4/19/12 AMC
PFE – 5/1/12 BMO
PG – 4/27/12 BMO
TRV – 4/19/12 BMO
UTX – 4/24/12 BMO
VZ – 4/19/12 BMO
WMT – Reported 1.52 (1.451 est) on 2/21/12.
DIS – 5/8/12 AMC

AMC = After market close.
BMO = Before market open.

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