DJIA Market Happenings For Friday, May 12, 2023 – American Express (AXP) 147.99 Up +0.16% 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 down -104 points.

Thursday the Dow closed down -221.82 (-0.66%) at 33,309.51.

Year-to-date the Dow is up +0.49%.

Thursday, (6) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Coca Cola (KO) 63.86 (+0.57%), Boeing (BA) 201.84 ()+0.50%) and Walmart (WMT) 153.12 (+0.37%).

The Dow stock losers Thursday were led by Disney (DIS) 92.31 (-8.73%), Intel (INTC) 28.86 (-3.70%) and Dow (DOW) 52.34 (-2.08%).

The VIX closed Thursday at 16.93 (-0.06%) and the 10 YR at 3.382 (-0.27%). The VIX is currently at 17.80 (+5.08%). The 10YR is at 3.445 (-2.39%).

Today we get consumer sentiment data, set to release at 10 am ET. Economists are expecting a May reading of 63.0, which would be lower than the level of 63.5 in the previous reading.

The debt ceiling meeting slated for Friday between President Joe Biden and top congressional leaders has been postponed until early next week. Biden was set to sit down with House Speaker Kevin McCarthy, R-Calif., Senate Minority Leader Mitch McConnell, R-Ky., Senate Majority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y. The U.S. government faces a potential default as soon as June 1 if Congress doesn’t address the debt limit.

The United States ended its public health emergency for Covid on Thursday after three years, more than a million deaths, and a bevy of sweeping, still-developing societal and economic changes. Deaths and hospitalizations from the disease have fallen dramatically, with vaccines and antiviral medicines on the market.

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

The national average price of gasoline is up three-tenths of a cent at $3.542 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) reported earnings on 4/19/23 before the market open with $4.11, beating estimates of $3.636 per share.

IBM (IBM) reported earnings on 4/19/23 after the market close with $1.36, beating estimates of $1.273 per share.

American Express (AXP) reported earnings on 4/20/23 before the market open with $2.40, missing estimates of $2.603 per share.

Procter & Gamble (PG) reported earnings on 4/21/23 before the market open with $1.37, beating estimates of $1.317per share.

Coca Cola (KO) reported earnings on 4/24/23 before the market open with $0.68, beating estimates of $0.647 per share.

3M (MMM) reported earnings on 4/25/23 before the market open with $1.97, beating estimates of $1.602per share.

Dow (DOW) reports earnings on 4/25/23 before the market open with $0.58, beating estimates of $0.369 per share.

Verizon (VZ) reports earnings on 4/25/23 before the market open with $1.20, beating estimates of $1.192 per share.

Microsoft (MSFT) reported earnings on 4/25/23 after the market close with $2.45, beating estimates of $2.216 per share.

Visa (V) reported earnings on 4/25/23 after the market close with $2.09, beating estimates of $1.969per share.

McDonald’s (MCD) reported earnings on 4/25/23 before the market open with $2.45, beating estimates of $2.307 per share.

Boeing (BA) reported earnings on 4/26/23 before the market open with -$1.27, beating estimates of $0.981 per share.

Caterpillar (CAT) reported earnings on 4/27/23 before the market open with $4.91, beating estimates of $3.786 per share.

Merck (MRK) reported earnings on 4/27/23 before the market open with $1.40, beating estimates of $1.341 per share.

Honeywell (HON) reported earnings on 4/27/23 before the market open with $2.07, beating estimates of $1.927 per share.

Amgen (AMGN) reported earnings on 4/27/23 after the market close with $3.98, beating estimates of $3.838 per share.

Intel (INTC) reported earnings on 4/27/23 after the market close with -$0.04, beating estimates of -$0.157 per share.

Chevron (CVX) reported earnings on 4/28/23 before the market open with $3.55, beating estimates of $3.362 per share.

Apple (AAPL) reported earnings on 5/4/23 after the market close with $1.52, beating estimates of $1.438 per share.

Disney (DIS) reported earnings on 5/10/23 after the market close with $0.93, beating estimates of $0.893 per share.

Home Depot (HD) reports earnings on 5/16/23 before the market open.

Cisco (CSCO) reports earnings on 5/17/23 after the market close.

Walmart (WMT) reports earnings on 5/18/23 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 147.99 (-0.46%) is up +0.16% in 2023.

Financial Calendar

08:30 AM ET Export Price Index (MoM) (Apr), 0.2%, -0.3%
08:30 AM ET Import Price Index (MoM) (Apr), 0.3%, -0.6%
10:00 AM ET Michigan 5-Year Inflation Expectations (May), 3.00%
10:00 AM ET Michigan Consumer Expectations (May), 59.8, 60.5
10:00 AM ET Michigan Consumer Sentiment (May), 63.0, 63.5
10:00 AM ET Michigan Current Conditions (May), 67.0, 68.2
10:00 AM ET Michigan Inflation Expectations (May), 4.6%
12:00 PM ET WASDE Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 588
13:00 PM ET U.S. Baker Hughes Total Rig Count, 748
16:30 PM ET CFTC Aluminium speculative net positions, 5.7K
16:30 PM ET CFTC Copper speculative net positions, -21.7K
16:30 PM ET CFTC Corn speculative net positions, -60.6K
16:30 PM ET CFTC Crude Oil speculative net positions, 214.8K
16:30 PM ET CFTC Gold speculative net positions, 195.6K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 13.3K
16:30 PM ET CFTC Natural Gas speculative net positions, -141.3K
16:30 PM ET CFTC S&P 500 speculative net positions, -355.4K
16:30 PM ET CFTC Silver speculative net positions, 32.0K
16:30 PM ET CFTC Soybeans speculative net positions, 75.1K
16:30 PM ET CFTC Wheat speculative net positions, -90.2K

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