DJIA Market Happenings For Wednesday, January 16, 2019

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +105 points.

Tuesday the Dow was up +155.75 (+0.65%) at 24,065.59.

Year-to-date the Dow is up +3.16%.

There were 23 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by JPMorgan (JPM) +1.03%, Goldman Sachs (GS) +1.01% and United Technologies (UTX) +0.82%.

The Dow stock losers Tuesday were led by Merck (MRK) -2.04%, Apple (AAPL) -1.50% and Walgreens (WBA) -1.48%.

Goldman Sachs (GS) smashed fourth quarter earnings estimates with a bottom line of $6.04 per share, well ahead of the consensus forecast of $4.45. Group revenues were also surprisingly solid, at $8.08 billion, sending shares nearly 6% higher and adding 45 points to the Dow Jones Industrial Average.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.242 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 1/15/2019 before the market open of $1.98, missing estimates calling for $2.24 per share.

UnitedHealth (UNH) reported earnings on 1/15/2019 before the market open of $2.28, just beating estimates of $2.272 per share.

Goldman Sachs (GS) reported earnings on 1/16/2019 before the market open of $$6.04, beating estimates calling for $4.30 per share.

American Express (AXP) reports earnings on 1/17/2019 after the market close.

Johnson & Johnson (JNJ) reports earnings on 1/22/2019 before the market open.

Travelers (TRV) reports earnings on 1/22/2019 before the market open.

IBM (IBM) reports earnings on 1/22/2019 after the market close.

Procter & Gamble (PG) reports earnings on 1/23/2019 before the market open.

United Technologies (UTX) reports earnings on 1/23/2019 after the market close.

Intel (INTC) reports earnings on 1/24/2019 before the market open.

Caterpillar (CAT) reports earnings on 1/28/2019 before the market open.

3M (MMM) reports earnings on 1/29/2019 before the market open.

Pfizer (PFE) reports earnings on 1/29/2019 before the market open.

Verizon (VZ) reports earnings on 1/29/2019 before the market open.

Apple (AAPL) reports earnings on 1/29/2019 after the market close.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +3.11% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Retail Sales

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET Neel Kashkari Speaks

2:00 PM ET Beige Book

4:00 PM ET Treasury International Capital

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