DJIA / Market Close for Tuesday, April 17, 2012

The Dow closed up +194.13 (+1.50%) at 13,115.54.

All 30 Dow component stocks closed higher today led by DIS (+2.45%), KFT, IBM, GE WMT and KO. Dow laggards were INTC, PG, JNJ, MCD and AXP.

Following a 9% decline over five straight down days, shares of Apple (AAPL) rebounded today more than 5%. Despite its recent pullback, Apple remains one of the top-performing stocks this year, up more than 40% year-to-date.

The International Monetary Fund boosted its global growth outlook to 3.5% for 2012, up slightly from a previous prediction of 3.3%.

IBM (IBM) shares fell after the closing bell when the company said its sales narrowly missed analysts’ forecasts. The tech giant reported a profit of $3.1 billion, an increase of 7% versus last year, with earnings per share coming in at $2.78, above estimates of $2.65.

Intel (INTC) $0.53 earnings beat Wall Street estimates of $0.51, but the chipmaker’s profit fell to $2.7 billion, down 13% from a year earlier. Sales held steady at $12.9 billion, just edging past analysts’ forecasts of $12.8 billion. PC sales slipped 1%. Shares of Intel (INTC) dropped in after-hours trading.

The dollar dropped against the British pound, but gained against the euro and Japanese yen.

Oil for May delivery was up $1.27 to settle at $104.20 a barrel.

Gold futures for April delivery climbed $1.60 to settle at $1,650.30 an ounce.

The price on the benchmark 10-year U.S. Treasury dipped , pushing the yield up to 2% from 1.97% late Monday.

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 – Reported 0.89 (0.87 est) on 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 – Reported 0.53 (0.51 est) on 4/17/12 AMC.
IBM – Reported $2.78 ($2.65 est) on 4/17/12 AMC.
JNJ – Reported 1.41 (1.35 est) on 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.

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2740