DJIA Market Happenings For Tuesday, April 11, 2023 – Coca Cola (KO) 62.69 Up +1.45% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +38 points.

Monday the Dow closed up +101.23 (+0.30%) at 33,586.52.

Year-to-date the Dow is up +1.33%.

Monday, (19) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Caterpillar (CAT) 215.53 (+3.04%), Dow (DOW) 55.81 (+2.10%) and American Express AXP) 161.14 (+1.45%).

The Dow stock losers Monday were led by Apple (AAPL) 162.03 (-1.60%), Amgen (AMGN) 250.90 (-0.96%) and Intel (INTC) 32.52 (-0.88%).

The VIX closed Monday at 18.97 (+3.10%). The VIX is currently at 19.03 (+0.32%). The 10YR is at 3.419.

Investors are anticipating the March readings of the consumer price index, due Wednesday, and the producer price index, out Thursday. Both inflation metrics could give further clarity into how the Federal Reserve might proceed on its rate-hiking campaign.

A monthly survey by the New York Federal Reserve, out Monday, found the share of respondents who reported that credit is much or somewhat harder to get than a year ago rose to 58.2% last month. That level was the highest ever in a data series that dates back to June 2013. The share of respondents who expect credit to be more difficult to get a year from now also rose, to nearly 53%, as did respondents’ perceived probability of missing a minimum debt payment in the next three months. The survey comes as the Federal Reserve works to tamp down persistent inflation and suggests consumers aren’t confident in its efforts to do so to date.

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

The national average price of gasoline is up four-tenths of a cent at $3.608 per gallon.

Earnings Reports

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JPMorgan (PM) reports earnings on 4/14/23 before the market open.

UnitedHealth (UNH) reports earnings on 4/14/23 before the market open.

Goldman Sachs (GS) reports earnings on 4/18/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/18/23 before the market open.

Travelers (TRV) reports earnings on 4/19/23 before the market open.

IBM (IBM) reports earnings on 4/19/23 after the market close.

American Express (AXP) reports earnings on 4/20/23 before the market open.

Procter & Gamble (PG) reports earnings on 4/21/23 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 62.69 (-0.24%) is up +1.45% in 2023.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Mar), 89.0, 90.9
08:55 AM ET Redbook (YoY), 3.7%
11:00 AM ET IMF Meetings
12:00 PM ET EIA Short-Term Energy Outlook
12:00 PM ET WASDE Report
13:00 PM ET 3-Year Note Auction, 4.635%
16:00 PM ET FOMC Member Harker Speaks
16:30 PM ET API Weekly Crude Oil Stock, -4.346M
19:30 PM ET FOMC Member Kashkari Speaks

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