The Dow Market Happenings For Friday, January 12, 2024 – JPMorgan (JPM) 170.30 Up +0.12% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 271.38 (+2.74%), Home Depot (HD) 356.53 (-0.08%), Microsoft (MSFT) 384.63 (+0.40%), Travelers (TRV) 194.87 (+0.92%) and Visa (V) 264.03 (-0.20%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -63 points.

Thursday the Dow closed up +15.29 (+0.04%) at 37,711.02.

Year-to-date the Dow is up +0.06%.

Thursday, (15) Dow stocks were up, none were at 52-week lows and (5) were at 52-week highs.

The Dow stock winners Thursday were led by Salesforce (CRM) 271.38 (+2.74%), Nike (NKE) 105.90 (+2.05%) and Travelers (TRV) 194.87 (+0.92%).

The Dow stock losers Thursday were led by Verizon (VZ) 37.90 (-3.02%), Walgreens (WBA) 24.03 (-2.63%) and Boeing (BA) 222.66 (-2.27%).

The VIX closed Thursday at 12.44 (-1.97%) and the 10 YR at 3.973 (-0.002%). The VIX is currently at 12.58 (+1.13%). The 10YR is at 3.971 (-0.05%).

Today, the producer price index reported a dip of -0.1% in December, a sign that inflation may be easing. Economists had expected a gain of +0.1%.

JPMorgan (JPM) shares were up more than 2% in the premarket even after the bank reported a fourth-quarter profit decline due to a $2.9 billion fee related to last year’s regional bank failures. Specifically, the bank said earnings dropped 15% to 9.31 billion on a year-over-year basis.

Shares of UnitedHealth (UNH) were down more than 2% even after the health insurance giant posted fourth-quarter earnings and revenue that beat expectations. The company earned $6.16 per share, excluding items, beating estimates of $5.98 per share. Revenue came in at $94.43 billion, above a $92.16 billion forecast.

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

The national average price of gasoline is down three-tenths of a cent at $3.074 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.

JPMorgan (JPM) reported earnings on 1/12/24 before the open with $3.04, missing estimates of $3.726 per share.

UnitedHealth (UNH) reported earnings on 1/12/24 before the open with $6.16, beating estimates of $5.978 per share.

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

JPMorgan (JPM)

JPMorgan (JPM) 170.30 (-0.42%) is up +0.12% in 2024.

Financial Calendar

08:30 AM ET Core PPI (YoY) (Dec), 1.9%, 2.0%
08:30 AM ET Core PPI (MoM) (Dec), 0.2%, 0.0%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Dec), 0.1%
08:30 AM ET PPI (MoM) (Dec), 0.1%, 0.0%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Dec), 2.5%
08:30 AM ET PPI (YoY) (Dec), 1.3%, 0.9%
10:00 AM ET FOMC Member Kashkari Speaks
12:00 PM ET WASDE Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 501
13:00 PM ET U.S. Baker Hughes Total Rig Count, 621
15:30 PM ET CFTC Aluminium speculative net positions, 6.3K
15:30 PM ET CFTC Copper speculative net positions, 8.6K
15:30 PM ET CFTC Corn speculative net positions, -146.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 163.7K
15:30 PM ET CFTC Gold speculative net positions, 207.6K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 39.1K
15:30 PM ET CFTC Natural Gas speculative net positions, -91.6K
15:30 PM ET CFTC S&P 500 speculative net positions, -214.1K
15:30 PM ET CFTC Silver speculative net positions, 32.6K
15:30 PM ET CFTC Soybeans speculative net positions, -21.9K
15:30 PM ET CFTC Wheat speculative net positions, -33.6K

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