DJIA Market Happenings For Monday, April 17, 2023 – Microsoft (MSFT) 286.14 Up +19.31% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 288.98 (-0.03%) and Merck (MRK) 115.31 (-0.23%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +28 points.

Friday the Dow closed DOWN -143.22 (-0.22%) at 33,886.47.

Year-to-date the Dow is up +2.23%.

Friday, (28) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Friday were led by JPMorgan (JPM) 138.73 (+7.55%), Goldman Sachs (GS) 336.92 (+1.44%) and Caterpillar (CAT) 223.68 (+0.91%).

The Dow stock losers Friday were led by Boeing (BA) 201.71 (-5.56&), Travelers (TRV) 168.37 (-2.79%) and UnitedHealth (UNH) 511.79 (-4.10%).

The VIX closed Friday at 17.07 (-6.76%). The VIX is currently at 17.73 (+3.87%). The 10YR is at 3.568.

Discouraging retail sales data showed a slowdown in consumer spending by 1% in March and pulled markets lower Friday.

Despite Friday’s losses, the Dow rose for a fourth straight week, advancing 1.2%.

Johnson & Johnson (JNJ) and Goldman Sachs (GS) report earnings before the opening bell on Tuesday. Wednesday brings IBM (IBM) earnings after the close and Friday we have Procter & Gamble (PG) earnings before the market open.

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

The national average price of gasoline is up four-tenths of a cent at $3.673 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 4/14/23 before the market open with $4.10, beating estimates of $3.414 per share.

UnitedHealth (UNH) reported earnings on 4/14/23 before the market open with $6.26, beating estimates of $6.238 per share.

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.

Coca Cola (KO) reports earnings on 4/24/23 before the market open.

3M (MMM) reports earnings on 4/25/23 before the market open.

Dow (DOW) reports earnings on 4/25/23 before the market open.

Verizon (VZ) reports earnings on 4/25/23 before the market open.

Microsoft (MSFT) reports earnings on 4/25/23 after the market close.

Visa (V) reports earnings on 4/25/23 after the market close.

McDonald’s (MCD) reports earnings on 4/25/23 before the market open.

Boeing (BA) reports earnings on 4/26/23 before the market open.

Caterpillar (CAT) reports earnings on 4/27/23 before the market open.

Merck (MRK) reports earnings on 4/27/23 before the market open.

Honeywell (HON) reports earnings on 4/27/23 before the market open.

Amgen (AMGN) reports earnings on 4/27/23 after the market close.

Intel (INTC) reports earnings on 4/27/23 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 286.14 (-1.28%) is up +19.31% in 2023.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Apr), 44, 44
11:30 AM ET 3-Month Bill Auction, 4.980%
11:30 AM ET 6-Month Bill Auction, 4.795%
16:00 PM ET US Foreign Buying, T-bonds (Feb), 50.90B
16:00 PM ET Overall Net Capital Flow (Feb), 183.10B
16:00 PM ET TIC Net Long-Term Transactions (Feb), 31.9B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Feb), 22.30B

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