The Dow Market Happenings For Monday, April 13, 2020

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 down -66 points.

Thursday the Dow was up +285.80 (+1.22%) at 23,719.37.

Year-to-date the Dow is down -16.89%.

There were 18 Dow stocks up Thursday.

The Dow stock winners Thursday were led by JPMorgan (JPM) +8.97%, Dow (DOW) +5.09% and Travelers (TRV) +4.57%.

The Dow stock losers Thursday were Intel (INTC) -3.12%, Chevron (CVX) -1.94% and Caterpillar (CAT) -1.86%.

JPMorgan economists now foresee a 40% decline in the nation’s gross domestic product for the second quarter and a surge in April’s unemployment rate to 20% with 25 million jobs lost. They also see a second-half recovery, based on the assumption that disruptions from the pandemic fade by June.

Oil prices have already given up gains posted early Monday after OPEC+ reached an unprecedented deal to slash production.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down four-tenths of a cent at $1.862 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/24/2020 after the market close of $0.53, missing estimates calling for $0.618 per share.

Walgreens (WBA) reported earnings on 4/2/2020 before the market open of $1.52, beating estimates calling for $1.479 per share.

Johnson & Johnson (JNJ) reports earnings on 4/14/20 before the market open.

JPMorgan (JPM) reports earnings on 4/14/20 before the market open.

Goldman Sachs (GS) reports earnings on 4/15/20 before the market open.

UnitedHealth (UNH) reports earnings on 4/15/20 before the market open.

IBM (IBM) reports earnings on 4/20/2020 after the market close.

Coca Cola (KO) reports earnings on 4/21/20 before the market open.

Procter & Gamble (PG) reports earnings on 4/21/20 before the market open.

Travelers (TRV) reports earnings on 4/21/20 before the market open.

Boeing (BA) reports earnings on 4/22/20 before the market open.

Visa (V) reports earnings on 4/22/2020 after the market close.

Intel (INTC) reports earnings on 4/23/2020 after the market close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -16.23% year-to-date.

Financial Calendar

None Listed

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