DJIA Market Happenings For Thursday, January 11, 2024 – Johnson & Johnson (JNJ) 161.87 Up +3.27% YTD

Dow stocks hitting 52-week highs include Home Depot (HD) 356.80 (+3.06%) and Visa (V) 2634.56 (+0.47%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -55 points.

Wednesday the Dow closed up +170.57 (+0.45%) at 37,695.73.

Year-to-date the Dow is up +0.02%.

Wednesday, (20) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Wednesday were led by Home Depot (HD) 356.80 (+3.06%), Microsoft (MSFT) 382.77 (+1.86%) and Walmart (WMT) 161.29 (+1.24%).

The Dow stock losers Wednesday were led by Walgreens (WBA) 24.68 (-2.68%), Intel (INTC) 47.47 (-1.21%) and Dow (DOW).

The VIX closed Wednesday at 12.69 (-0.55%) and the 10 YR at 4.03 (+0.13%). The VIX is currently at 12.65 (-0.32%). The 10YR is at 7.064 (+0.034%).

December’s consumer price index report came out slightly higher-than-expected, reflecting a 0.3% increase in consumer prices for the month, pushing the annual rate to 3.4%. Economists had predicted that the CPI rose 0.2% in December and 3.2% on a year-over-year basis. Core CPI, which strips out food and energy prices, was in line pointing to a possible easing of pricing pressures.

Tomorrow we get the PPI report.

Unemployment insurance weekly claims in the week ending January 6, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 1,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 202,000 to 203,000. The 4-week moving average was 207,750, a decrease of 250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 207,750 to 208,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 30, a decrease of 0.1 percentage point from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 1.2 to 1.3 percent.

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

The national average price of gasoline is down one-tenth of a cent at $3.077 per gallon.

Earnings Reports

Salesforce (CRM) reported earnings 11/29/23 after the close with $2.11, beating estimates of $1.512 per share.

Nike (NKE) reported earnings on 12/21/23 after the close with $1.03, beating estimates of $0.839 per share.

Walgreens (WBA) reported earnings on 1/4/24 before the open with $0.66, beating estimates of $0.656 per share.

IBM (IBM) reports earnings on 1/12/24 before the open.

JPMorgan (JPM) reports earnings on 1/12/24 before the open.

UnitedHealth (UNH) reports earnings on 1/12/24 before the open.

Goldman Sachs (GS) reports earnings on 1/16/24 before the open.

Travelers (TRV) reports earnings on 1/19/24 before the open.

3M (MMM) reports earnings on 1/23/24 before the open.

Johnson & Johnson (JNJ) reports earnings on 1/23/24 before the open.

Procter & Gamble (PG) reports earnings on 1/23/24 before the open.

Verizon (VZ) reports earnings on 1/23/24 before the open.

Microsoft (MSFT) reports earnings on 1/23/24 after the close.

Visa (V) reports earnings on 1/23/24 after the close.

Boeing (BA) reports earnings on 1/24/24 before the open.

IBM (IBM) reports earnings on 1/24/24 after the close.

Dow (DOW) reports earnings on 1/25/24 before the open.

Intel (INTC) reports earnings on 1/25/24 after the close.

Chevron (CVX) reports earnings on 1/26/24 before the open.

American Express (AXP) reports earnings on 1/26/24 before the open.

Amgen (AMGN) reports earnings on 1/30/24 before the open.

Caterpillar (CAT) reports earnings on 1/30/24 before the open.

McDonald’s (MCD) reports earnings on 1/30/24 before the open.

Honeywell (HON) reports earnings on 2/1/24 before the open.

Merck (MRK) reports earnings on 2/1/24 before the open.

Apple (AAPL) reports earnings on 2/1/24 after the close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 161.87 (+0.15%) is up +3.27% in 2024.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,871K, 1,855K
08:30 AM ET Core CPI (YoY) (Dec), 3.8%, 4.0%
08:30 AM ET Core CPI (MoM) (Dec), 0.3%, 0.3%
08:30 AM ET Core CPI Index (Dec), 313.00, 312.25
08:30 AM ET CPI (MoM) (Dec), 0.2%, 0.1%
08:30 AM ET CPI (YoY) (Dec), 3.2%, 3.1%
08:30 AM ET CPI Index, n.s.a. (Dec), 306.61, 307.05
08:30 AM ET CPI Index, s.a (Dec), 307.92
08:30 AM ET CPI, n.s.a (MoM) (Dec), -0.20%
08:30 AM ET Initial Jobless Claims, 210K, 202K
08:30 AM ET Jobless Claims 4-Week Avg., 207.75K
08:30 AM ET Real Earnings (MoM) (Dec), 0.5%
10:30 AM ET Natural Gas Storage, -14B
11:00 AM ET Cleveland CPI (MoM) (Dec), 0.4%
11:30 AM ET 4-Week Bill Auction, 5.290%
11:30 AM ET 8-Week Bill Auction, 5.285%
12:40 PM ET FOMC Member Barkin Speaks
13:00 PM ET 30-Year Bond Auction, 4.344%
14:00 PM ET Federal Budget Balance (Dec), -65.3B, -314.0B
16:30 PM ET Fed’s Balance Sheet, 7,681B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.459T

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