DJIA Market Happenings For Friday, January 26, 2024 – UnitedHealth (UNH) 493.40 Down -6.28% YTD

Dow stocks hitting 52-week highs include Caterpillar (CAT) 300.77 (+3.47%), IBM (IBM) 190.43 (+9.49%), Merck (MRK) 120.13 (+1.05%) and Microsoft (MSFT) 404.87 (+0.57%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -78 points.

Thursday the Dow closed up +242.74 (+0.64%) at 38,049.13.

Year-to-date the Dow is up +0.95%.

Thursday, (26) Dow stocks were up, none made 52-week lows and (4) made 52-week highs.

The Dow stock winners Thursday were led by Chevron (CVX) 144.92 (+1.99%), Boeing (BA) 214.13 (+1.24%) and Microsoft (MSFT) 402.56 (+0.92%).

The Dow stock losers Thursday were led by 3M (MMM) 93.24 (-2.98%), Verizon (VZ) 41.28 (-2.25%) and Coca Cola (KO) 58.91 (-1.57%).

The VIX closed Thursday at 13.45 (+2.36%) and the 10 YR at 4.125 (-1.29%). The VIX is currently at 13.55 (+0.74%). The 10YR is at 4.147 (+0.34%).

The Commerce Department’s personal consumption expenditures price index for December, an important gauge for the Federal Reserve, increased 0.2% on the month and was up 2.9% on a yearly basis, excluding food and energy. Economists had been looking for respective increases of 0.2% and 3%. On a monthly basis, core inflation increased from 0.1% in November. However, the annual rate declined from 3.2%. The 12-month rate is the lowest since March 2021. Including volatile food and energy costs, headline inflation also rose 0.2% for the month and held steady at 2.6% annually.

Intel (INTC) slumped more than 10% after issuing lower-than-expect first-quarter guidance.

Shares of American Express (AXP) popped more than 2% in the premarket even after the card issuer reported weaker-than-expected fourth-quarter results. The company earned $2.62 per share on revenue of $15.8 billion. Analysts polled by LSEG expected a profit of $2.64 per share on revenue of $16 billion. The company issued full-year earnings guidance of $12.65 per share to $13.15 per share, beating a consensus estimate of $12.38 per share.

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

The national average price of gasoline is up one-tenth of a cent at $3.103 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) reported earnings on 1/19/24 before the open with $7.01, beating estimates of $5.038per share.

3M (MMM) reported earnings on 1/23/24 before the open with $2.42, beating estimates of $2.309 per share.

Johnson & Johnson (JNJ) reported earnings on 1/23/24 before the open with $2.29, beating estimates of $2.268 per share.

Procter & Gamble (PG) reported earnings on 1/23/24 before the open with $1.84, beating estimates of $1.703 per share.

Verizon (VZ) reported earnings on 1/23/24 before the open with $1.08, beating estimates of $1.073 per share.

IBM (IBM) reported earnings on 1/24/24 after the close with $3.87, beating estimates of $3.776 per share.

Dow (DOW) reported earnings on 1/25/24 before the open with $0.43, beating estimates of $0.397 per share.

Intel (INTC) reports earnings on 1/25/24 after the close with $0.54, beating estimates of $0.267 per share.

Visa (V) reports earnings on 1/25/24 after the close with $2.41, beating estimates of $2.334 per share.

American Express (AXP) reports earnings on 1/26/24 before the open with $2.62, beating estimates of $2.648 per share.

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

UnitedHealth (UNH)

UnitedHealth (UNH) 493.40 (-3.86%) is down -6.28% in 2024.

Financial Calendar

08:30 AM ET Core PCE Price Index (YoY) (Dec), 3.0%, 3.2%
08:30 AM ET Core PCE Price Index (MoM) (Dec), 0.2%, 0.1%
08:30 AM ET PCE Price index (YoY) (Dec), 2.6%, 2.6%
08:30 AM ET PCE price index (MoM) (Dec), 0.2%, -0.1%
08:30 AM ET Personal Income (MoM) (Dec), 0.3%, 0.4%
08:30 AM ET Personal Spending (MoM) (Dec), 0.4%, 0.2%
08:30 AM ET Real Personal Consumption (MoM) (Dec), 0.3%
09:00 AM ET Dallas Fed PCE (Dec), 1.50%
10:00 AM ET Pending Home Sales (MoM) (Dec), 1.5%, 0.0%
10:00 AM ET Pending Home Sales Index (Dec), 71.6
11:30 AM ET Atlanta Fed GDPNow (Q1)
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 497
13:00 PM ET U.S. Baker Hughes Total Rig Count, 620
15:30 PM ET CFTC Aluminium speculative net positions, 5.3K
15:30 PM ET CFTC Copper speculative net positions, -25.3K
15:30 PM ET CFTC Corn speculative net positions, -220.0K
15:30 PM ET CFTC Crude Oil speculative net positions, 162.0K
15:30 PM ET CFTC Gold speculative net positions, 179.9K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 36.6K
15:30 PM ET CFTC Natural Gas speculative net positions, -56.5K
15:30 PM ET CFTC S&P 500 speculative net positions, -169.2K
15:30 PM ET CFTC Silver speculative net positions, 25.6K
15:30 PM ET CFTC Soybeans speculative net positions, -93.7K
15:30 PM ET CFTC Wheat speculative net positions, -46.6K

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