The Dow Market Happenings For Friday, January 19, 2024 – Merck (MRK) 118.54 Up +8.73% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 274.46 (+1.11%) and Visa (V) 268.14 (+0.57%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +147 points.

Thursday the Dow closed up +201.94 (+0.54%) at 37,468.61.

Year-to-date the Dow is down -0.59%.

Thursday, (24) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Thursday were led by Boeing (BA) 211.61 (+4.21%), Apple (AAPL) 188.63 (+3.26%) and Disney (DIS) 92.21 (+2.07%).

The Dow stock losers Thursday were led by UnitedHealth (UNH) 516.34 (-1.64%), Chevron (CVX) 141.82 (-0.91%) and American Express (AXP) 179.79 (-0.67%).

The VIX closed Thursday at 14.13 (-4.46%) and the 10 YR at 4.157 (+0.36%). The VIX is currently at 13.69 (-3.11%). The 10YR is at 4.164 (+0.53%).

Congress has passed a bill to avert a partial government shutdown. This stopgap measure keeps the federal government funded through March 1 and March 8. The Senate voted 77-18 to pass the bill, while the House voted to move it forward, 314-108. The bill goes to President Joe Biden for signing. This is the third such stopgap bill to be passed since last September, while lawmakers work on forming a full-year government funding bill.

So far it looks like markets are going higher today.

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

The national average price of gasoline is down six-tenths of a cent at $3.088 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) reported earnings on 1/16/24 before the open with $5.48, beating estimates of $3.51 per share.

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.

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.

Visa (V) reports earnings on 1/25/24 after the close.

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

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

Microsoft (MSFT) reports earnings on 1/30/24 after the close.

Boeing (BA) reports earnings on 1/31/24 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.

Chevron (CVX) reports earnings on 2/2/24 before the open.

McDonald’s (MCD) reports earnings on 2/5/24 before the open.

Amgen (AMGN) reports earnings on 2/6/24 after the close.

Disney (DIS) reports earnings on 2/7/24 after the close.

Coca Cola (KO) reports earnings on 2/13/24 before the open.

Cisco (CSCO) reports earnings on 2/14/24 after the close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 118.54 (+0.35%) is up +8.73% in 2024.

Financial Calendar

08:30 AM ET Building Permits (MoM) (Dec), -2.1%
08:30 AM ET Building Permits (Dec), 1.480M, 1.467M
08:30 AM ET Continuing Jobless Claims, 1,845K, 1,834K
08:30 AM ET Housing Starts (Dec), 1.426M, 1.560M
08:30 AM ET Housing Starts (MoM) (Dec), 14.8%
08:30 AM ET Initial Jobless Claims, 207K, 202K
08:30 AM ET Jobless Claims 4-Week Avg., 207.75K
08:30 AM ET Philadelphia Fed Manufacturing Index (Jan), -7.0, -10.5
08:30 AM ET Philly Fed Business Conditions (Jan), 12.1
08:30 AM ET Philly Fed CAPEX Index (Jan), -7.50
08:30 AM ET Philly Fed Employment (Jan), -1.7
08:30 AM ET Philly Fed New Orders (Jan), -25.6
08:30 AM ET Philly Fed Prices Paid (Jan), 25.10
08:55 AM ET Redbook (YoY), 5.9%
10:30 AM ET Natural Gas Storage, -140B
11:00 AM ET Crude Oil Inventories, -2.400M, 1.338M
11:00 AM ET EIA Refinery Crude Runs (WoW), -0.161M
11:00 AM ET Crude Oil Imports, 1.316M
11:00 AM ET Cushing Crude Oil Inventories, -0.506M
11:00 AM ET Distillate Fuel Production, -0.064M
11:00 AM ET EIA Weekly Distillates Stocks, 1.200M, 6.528M
11:00 AM ET Gasoline Production, 0.901M
11:00 AM ET Heating Oil Stockpiles, -0.623M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.6%
11:00 AM ET Gasoline Inventories, 2.000M, 8.029M
11:30 AM ET 4-Week Bill Auction, 5.280%
11:30 AM ET 8-Week Bill Auction, 5.275%
11:30 AM ET Atlanta Fed GDPNow (Q4), 2.4%, 2.4%
11:30 AM ET FOMC Member Bostic Speaks
13:00 PM ET 10-Year TIPS Auction, 2.180%
16:30 PM ET Fed’s Balance Sheet, 7,687B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.537T

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