The Dow Market Happenings For Friday, July 19, 2024 – UnitedHealth (UNH) 564.34 Up +7.19% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 330.97 (-1.40%), American Express (AXP) 249.20 (-0.30%), Honeywell (HON) 217.67 (-1.15%), Coca Cola (KO) 65.19 (-0.03%), Procter & Gamble (PG) 168.44 (-0.59%), UnitedHealth (UNH 564.34 (-1.56%) and Walmart (WMT) 70.82 (-0.30%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -118 points.

Thursday the Dow closed down -533.06 (-1.29%) at 40,665.02.

Year-to-date the Dow is up +7.90%.

Thursday, (3) Dow stocks were up, none made 52-week lows and (7) made 52-week highs.

The Dow stock winners Thursday were Intel (INTC) 34.87 (+1.19%), Chevron (CVX) 161.97 (+0.46%) and Verizon (VZ) 42.07 (+0.10%).

The Dow stock losers Thursday were led by Goldman Sachs (GS) 486.21 (-3.18%), JPMorgan (JPM) 209.98 (-3.18%) and Boeing (BA) 180.23 (-2.49%).

The VIX closed Thursday at 15.93 (+10.01%) and the 10 YR at 4.202 (+1.50%). The VIX is currently at 14.38 (-0.69%). The 10YR is at 4.179 (+0.94%).

With the tech outage this morning, the New York Stock Exchange and Nasdaq said they are operating normally and should open as expected.

American Express (AXP) falls nearly 2% after reporting a second-quarter revenue miss. However, its adjusted earnings per share came in above estimates. The company posted $16.33 billion in revenue for its second quarter, less than the consensus forecast of $16.59 from analysts. On the other hand, American Express saw $3.49 in earnings per share, excluding items, which exceeded the figure of $3.24 per share anticipated by analysts. Shares are up about +33% in 2024.

The Dow is up +1.66% week to date, on pace for its third positive week in a row.

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

The national average price of gasoline is down six-tenths of a cent at $3.506 per gallon. It looks like it isn’t updating though. Maybe it’s affected by the tech outage.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Verizon (VZ) reports earnings on 7/22/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Boeing (BA) reports earnings on 7/31/24 before the market open.

Apple (AAPL) reports earnings on 8/1/24 after the market close.

Amazon (AMZN) reports earnings on 8/1/24 after the market close.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 564.34 (-1.56%) is up +7.19% in 2024.

Financial Calendar

10:40 AM ET FOMC Member Williams Speaks
12:45 PM ET FOMC Member Bostic Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 478
13:00 PM ET U.S. Baker Hughes Total Rig Count, 584
15:30 PM ET CFTC Aluminium speculative net positions, 2.2K
15:30 PM ET CFTC Copper speculative net positions, 56.0K
15:30 PM ET CFTC Corn speculative net positions, -239.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 283.9K
15:30 PM ET CFTC Gold speculative net positions, 254.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 5.2K
15:30 PM ET CFTC Natural Gas speculative net positions, -105.5K
15:30 PM ET CFTC S&P 500 speculative net positions, -55.0K
15:30 PM ET CFTC Silver speculative net positions, 61.1K
15:30 PM ET CFTC Soybeans speculative net positions, -150.2K
15:30 PM ET CFTC Wheat speculative net positions, -34.8K

Dow 30 Components Closing Prices For Thursday, July 18, 2024

Dow 30 Components Closing Prices Thursday 07/18/2024

Symbol, Last, Net Chng, %Change
AAPL,224.18,-4.70,-2.05%
AMGN,330.97,-4.70,-1.40%
AMZN,183.75,-4.18,-2.22%
AXP,249.20,-.76,-0.30%
BA,180.23,-4.61,-2.49%
CAT,356.03,-1.77,-0.49%
CRM,247.35,-3.87,-1.54%
CSCO,48.04,-.48,-0.99%
CVX,161.97,+.74,+0.46%
DIS,96.79,-.52,-0.53%
DOW,54.77,-.64,-1.16%
GS,486.21,-15.97,-3.18%
HD,366.08,-5.81,-1.56%
HON,217.67,-2.54,-1.15%
IBM,185.22,-2.23,-1.19%
INTC,34.87,+.41,+1.19%
JNJ,155.42,-1.16,-0.74%
JPM,209.98,-6.89,-3.18%
KO,65.19,-.02,-0.03%
MCD,259.52,-1.48,-0.57%
MMM,104.02,-.62,-0.59%
MRK,124.25,-1.64,-1.30%
MSFT,440.37,-3.15,-0.71%
NKE,72.38,-.69,-0.94%
PG,168.44,-1.00,-0.59%
TRV,220.60,-.20,-0.09%
UNH,564.34,-8.94,-1.56%
V,269.15,-3.55,-1.30%
VZ,42.07,+.04,+0.10%
WMT,70.82,-.21,-0.30%

The Dow fell -1.29% today with (3) components up.

DJIA Market Happenings For Thursday, July 18, 2024 – Travelers (TRV) 220.80 Up +15.91% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 335.67 (+0.76%), American Express (AXP) 249.96 (+0.13%), Goldman Sachs (GS) 502.18 (-0.17%), Honeywell (HON) 22.21 (+0.80%), JPMorgan (JPM) 216.87 (+1.52%), Coca Cola (KO) 65.21 (+1.46%), Procter & Gamble (PG) 169.44 (+1.49%), UnitedHealth (UNH 573.28 (+4.45%) and Walmart (WMT) 71.03 (+1.49%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -127 points.

Wednesday the Dow closed up +243.60 (+0.59%) at 41,198.08.

Year-to-date the Dow is up +9.31%.

Wednesday, (22) Dow stocks were up, none made 52-week lows and (9) made 52-week highs.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) 548.87 (+6.50%), Caterpillar (CAT) 360.58 (+4.28%) and Boeing (BA) 186.05 (+3.87%).

The Dow stock losers Wednesday were led by Merck (MRK) 125.44 (-2.09%), Microsoft (MSFT) 449.52 (-0.98%) and Intel (INTC) 34.34 (-0.35%).

The VIX closed Wednesday at 14.48 (+9.78%) and the 10 YR at 4.162 (+0.53%). The VIX is currently at 14.38 (-0.69%). The 10YR is at 4.179 (+0.94%).

Initial filings for unemployment benefits surged last week while continuing claims hit their highest level since late 2021, the Labor Department reported Thursday. Jobless claims totaled 243,000 for the week ending July 13, up 20,000 from the previous period and ahead of the Dow Jones estimate for 229,000. The number tied for the highest since Aug. 12, 2023. Continuing claims, which run a week behind, also rose by 20,000, hitting 1.867 million, the highest since Nov. 27, 2021 and slightly above the FactSet estimate for 1.863 million.

The Philadelphia Federal Reserve’s manufacturing index unexpectedly rose to 13.9 in July, up 13 points on the month and better than the estimate for 2.9. The number represents the difference between companies reporting expansion against contraction.

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

The national average price of gasoline is down six-tenths of a cent at $3.506 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reports earnings on 7/19/24 before the market open.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Verizon (VZ) reports earnings on 7/22/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Boeing (BA) reports earnings on 7/31/24 before the market open.

Apple (AAPL) reports earnings on 8/1/24 after the market close.

Amazon (AMZN) reports earnings on 8/1/24 after the market close.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) 220.80 (+1.38%) is up +15.91% in 2024.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,860K, 1,852K
08:30 AM ET Initial Jobless Claims, 229K, 222K
08:30 AM ET Jobless Claims 4-Week Avg., 233.50K
08:30 AM ET Philadelphia Fed Manufacturing Index (Jul), 2.7, 1.3
08:30 AM ET Philly Fed Business Conditions (Jul), 13.8
08:30 AM ET Philly Fed CAPEX Index (Jul), 12.10
08:30 AM ET Philly Fed Employment (Jul), -2.5
08:30 AM ET Philly Fed New Orders (Jul), -2.2
08:30 AM ET Philly Fed Prices Paid (Jul), 22.50
10:00 AM ET US Leading Index (MoM) (Jun), -0.3%, -0.5%
10:30 AM ET Natural Gas Storage, 27B, 65B
10:30 AM ET Natural Gas Storage, 65B
11:30 AM ET 4-Week Bill Auction, 5.270%
11:30 AM ET 8-Week Bill Auction, 5.260%
13:00 PM ET 10-Year TIPS Auction, 2.184%
13:45 PM ET Fed Logan Speaks
16:00 PM ET US Foreign Buying, T-bonds (May), 75.00B
16:00 PM ET Overall Net Capital Flow (May), 66.20B
16:00 PM ET TIC Net Long-Term Transactions (May), 98.4B, 123.1B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (May), 123.10B
16:30 PM ET Fed’s Balance Sheet, 7,224B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.341T
18:05 PM ET FOMC Member Daly Speaks