The Dow Market Happenings For Friday, November 10, 2023 – Caterpillar (CAT) 234.15 Down -2.26% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Chevron (CVX) 141.94 (-0.32%).

The Market

Premarket today, the Dow was indicated to be up +113 points.

Thursday the Dow closed down -220.33 (-0.65%) 33,981.94.

Year-to-date the Dow is up +2.25%.

Thursday, (7) Dow stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Disney (DIS) 90.34 (+6.91%), Boeing (BA) 193.33 (+0.78%) and UnitedHealth (UNH) 539.00 (+0.42%).

The Dow stock losers Thursday were led by Amgen (AMGN) 264.06 (-3.37%), Home Depot (HD) 287.87 (-2.72%) and Walgreens (WBA) 20.45 (-2.62%).

The VIX closed Thursday at 15.29 (+5.81%) and the 10 YR at 4.617 (-0.41%). The VIX is currently at 14.88 (-2.66%). The 10YR is at 4.579 (-0.51%).

Yesterday, stocks sold off after Federal Reserve Chair Jerome Powell said the central bank is “not confident” it has done enough in the battle against inflation. “The Federal Open Market Committee is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 percent over time; we are not confident that we have achieved such a stance,” he said in prepared remarks at an International Monetary Fund event.

Oil prices rose slightly Friday but are down for the week after a sell-off in response to signs that demand is wavering and as fears of a broader Middle East War ease. Brent crude contracts for January rose Friday by 87 cents, or 1.09%, to $80.88 per barrel, while West Texas Intermediate contracts for December were up 75 cents, or .99%, at $76.50. Oil futures are down 5% on the week after China reported falling exports and as U.S. crude consumption is expected to decline for the year. Israel has agreed to daily humanitarian pauses in Gaza, according to the White House.

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

The national average price of gasoline is down 1.1 cents at $3.390 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/28/23 after the market close with $0.94, beating estimates of $0.739 per share.

Walgreens (WBA) reported earnings on 10/12/23 before the market open with $0.67, beating estimates of $0.682.

JPMorgan (JPM) reported earnings on 10/13/23 before the market open with $4.33, beating estimates of $3.96 per share.

UnitedHealth (UNH) reported earnings on 10/13/23 before the market open with $6.56, beating estimates of $6.327 per share.

Goldman Sachs (GS) reported earnings on 10/17/23 before the market open with $5.47, beating estimates of $5.31 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/23 before the market open with $2.66, beating estimates of $2.524 per share.

Travelers (TRV) reports earnings on 10/18/23 before the market open with $1.95, missing estimates of $2.932 per share.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open with $1.83, beating estimates of $1.71per share.

American Express (AXP) reported earnings on 10/20/23 before the market open with $3.30, missing estimates of $2.961 per share.

3M (MMM) reported earnings on 10/24/23 before the market open with $2.68, beating estimates of $2.335 per share.

Coca Cola (KO) reported earnings on 10/24/23 before the market open with $0.74, beating estimates of $0.687 per share.

Dow (DOW) reported earnings on 10/24/23 before the market open with $0.48, beating estimates of $0.435 per share.

Verizon (VZ) reported earnings on 10/24/23 before the market open with $1.22, beating estimates of $1.174 per share.

Microsoft (MSFT) reported earnings on 10/24/23 after the market close with $2.99, beating estimates of $2.65 per share.

Visa (v) reported earnings on 10/24/23 after the market close with $2.33, beating estimates of $2.233 per share.

Boeing (BA) reported earnings on 10/25/23 before the market open with -$3.26, missing estimates of -$3.205 per share.

IBM (IBM) reported earnings on 10/25/23 after the market close with $2.20, beating estimates of $2.12 per share.

Honeywell (HON) reported earnings on 10/26/23 before the market open with $2.27, beating estimates of $2.224 per share.

Merck (MRK) reported earnings on 10/26/23 before the market open with $2.13, beating estimates of $1.942 per share.

Intel (INTC) reported earnings on 10/26/23 after the market close with $0.41, beating estimates of $0.034 per share.

Chevron (CVX) reported earnings on 10/27/23 before the market open with $3.05, missing estimates of $3.678 per share.

McDonald’s (MCD) reported earnings on 10/30/23 before the market open with $3.17, beating estimates of $3.003 per share.

Amgen (AMGN) reported earnings on 10/31/23 before the market open with $4.96, beating estimates of $4.655 per share.

Caterpillar (CAT) reported earnings on 10/31/23 before the market open with $5.52, beating estimates of $4.753 per share.

Apple (AAPL) reported earnings on 11/2/23 after the market close with $1.46, beating estimates of $1.392 per share.

Disney (DIS) reported earnings on 11/8/23 after the market close with $0.82, beating estimates of $0.67 per share.

Home Depot (HD) reports earnings on 11/14/23 before the market open.

Cisco (CSCO) reports earnings on 11/15/23 after the market close.

Walmart (WMT) reports earnings on 11/16/23 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 234.15 (-0.29%) is down -2.26% in 2023.

Financial Calendar

07:30 AM ET Fed Logan Speaks
10:00 AM ET Michigan 1-Year Inflation Expectations (Nov), 4.2%
10:00 AM ET Michigan 5-Year Inflation Expectations (Nov), 3.0%
10:00 AM ET Michigan Consumer Expectations (Nov), 59.3
10:00 AM ET Michigan Consumer Sentiment (Nov), 64.0, 63.8
10:00 AM ET Michigan Current Conditions (Nov), 70.6
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 496
13:00 PM ET U.S. Baker Hughes Total Rig Count, 618
15:30 PM ET CFTC Aluminium speculative net positions, 7.1K
15:30 PM ET CFTC Copper speculative net positions, -17.2K
15:30 PM ET CFTC Corn speculative net positions, -87.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 262.3K
15:30 PM ET CFTC Gold speculative net positions, 163.4K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 6.7K
15:30 PM ET CFTC Natural Gas speculative net positions, -54.7K
15:30 PM ET CFTC S&P 500 speculative net positions, 4.3K
15:30 PM ET CFTC Silver speculative net positions, 20.2K
15:30 PM ET CFTC Soybeans speculative net positions, 16.3K
15:30 PM ET CFTC Wheat speculative net positions, -69.6K

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