DJIA Market Happenings For Wednesday, April 19, 2023 – Procter & Gamble (PG) 151.21 Up +0.23% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 290.91 (+0.55%) and Salesforce (CRM) 198.50 (+0.72%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -86 points.

Tuesday the Dow closed down -10.55 (-0.03%) at 33,976.63.

Year-to-date the Dow is up +2.50%.

Tuesday, (15) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Tuesday were led by Boeing (BA) 208.37 (+1.63%), Home Depot (HD) 298.95 (+4.20%) and JPMorgan (JPM) 141.40 (+1.12%).

The Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) 161.01 (-2.81%), Goldman Sachs (GS) 333.91 (-1.70%) and Verizon (VZ) 38.94 (-1.32%).

The VIX closed Tuesday at 16.83 (-0.71%). The VIX is currently at 16.87 (+0.24%). The 10YR is at 3.611.

IBM (IBM) reports earnings today after the close.

Apple (AAPL) began a new era Tuesday by opening its first store in India, a heavily populated market with a growing middle class. Indeed, India may well have surpassed China as the world’s most populous country. And the expansion is so momentous for Apple that CEO Tim Cook is visiting India this week.

And markets are down this morning supposedly because U.K. inflation rose 10.1% on annual basis, above expectations for it to slow below a double-digit increase. U.K. CPI inflation increased 0.8% on a monthly basis, above the economists’ consensus of 0.5%.

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

The national average price of gasoline is up eight-tenths of a cent at $3.684 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) reported earnings on 4/18/23 before the market open with $8.79, beating estimates of $8.10 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/23 before the market open with $2.68, beating estimates of $2.506 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 151.21 (+0.11%) is up +0.23% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.30%
07:00 AM ET MBA Mortgage Applications (WoW), 5.3%
07:00 AM ET MBA Purchase Index, 179.6
07:00 AM ET Mortgage Market Index, 229.5
07:00 AM ET Mortgage Refinance Index, 477.5
10:30 AM ET Crude Oil Inventories, -1.088M, 0.597M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.030M
10:30 AM ET Crude Oil Imports, -0.778M, 1.561M
10:30 AM ET Cushing Crude Oil Inventories, 0.622M, -0.409M
10:30 AM ET Distillate Fuel Production, -0.014M, -0.157M
10:30 AM ET EIA Weekly Distillates Stocks, -0.927M -0.606M
10:30 AM ET Gasoline Production, -0.051M, -0.033M
10:30 AM ET Heating Oil Stockpiles, 0.081M, 1.015M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.5%, -0.3%
10:30 AM ET Gasoline Inventories, -1.267M, -0.331M
13:00 PM ET 20-Year Bond Auction, 3.909%
14:00 PM ET Beige Book
19:00 PM ET FOMC Member Williams Speaks

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