The Dow Market Happenings For WEdnesday, February 14, 2024 – Dow (DOW) 53.18 Down -3.03% YTD

Dow stocks hitting 52-week highs include Travelers (TRV) 215.95 (+0.59%) and Walmart (WMT) 169.14 (-0.68%). There are no Dow stock 52-week lows.

The Market

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

Tuesday the Dow closed down -524.63 (-1.35%) at 38,272.75.

Year-to-date the Dow is up +1.55%.

Tuesday, (25) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Disney (DIS) 110.46 (+1.07%), Travelers (TRV) 215.95 (+0.59%) and Visa (V) 275.81 (+0.27%).

The Dow stock losers Tuesday were led by Walgreens (WBA) 21.55 (-4.77%), Goldman Sachs (GS) 378.75 (-3.54%) and Dow (DOW) 53.18 (-2.94%).

The VIX closed Tuesday at 15.85 (+13.78%) and the 10 YR at 4.310 (-0.16%). The VIX is currently at 14.43 (-8.96%). The 10YR is at 4.307 (-0.23%).

Yesterday’s Dow -1.35% decline was its worst day since March 2023.

The consumer price index gained 0.3% in January on a monthly basis and rose 3.1% year over year. Meanwhile, economists were forecasting a 0.2% month-over-month increase and 2.9% from the prior year.

So far it looks like maybe a bounce today. Guess we will see.

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

The national average price of gasoline is up 3.1 cents at $3.256 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.

Microsoft (MSFT) reports earnings on 1/30/24 after the close with $2.93, beating estimates of $2.756 per share.

Boeing (BA) reports earnings on 1/31/24 before the open with -$0.47, beating estimates of $0.76 per share.

Honeywell (HON) reported earnings on 2/1/24 before the open with $2.60, beating estimates of $2.597 per share.

Merck (MRK) reported earnings on 2/1/24 before the open with $0.03, beating estimates of -$0.094 per share.

Apple (AAPL) reported earnings on 2/1/24 after the close with $2.18, beating estimates of $2.089 per share.

Chevron (CVX) reported earnings on 2/2/24 before the open with $3.45, beating estimates of $3.285 per share.

Caterpillar (CAT) reported earnings on 2/5/24 before the open with $5.23, beating estimates of $4.763 per share.

McDonald’s (MCD) reported earnings on 2/5/24 before the open with $2.95, beating estimates of $2.807 per share.

Amgen (AMGN) reported earnings on 2/6/24 after the close with $4.71, beating estimates of $4.656 per share.

Disney (DIS) reported earnings on 2/7/24 after the close with $1.22, beating estimates of $0.973 per share.

Coca Cola (KO) reported earnings on 2/13/24 before the open with $0.46, missing estimates of $0.484 per share.

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

Home Depot (HD) reports earnings on 2/20/24 before the open.

Walmart (WMT) reports earnings on 2/20/24 before the open.

Salesforce (CRM) reports earnings on 2/28/24 after the close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 53.18 (-2.24%) is down -3.03% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.80%
07:00 AM ET MBA Mortgage Applications (WoW), 3.7%
07:00 AM ET MBA Purchase Index, 153.5
07:00 AM ET Mortgage Market Index, 210.0
07:00 AM ET Mortgage Refinance Index, 500.2
09:30 AM ET Fed Goolsbee Speaks
10:00 AM ET Thomson Reuters IPSOS PCSI (Feb), 52.90
10:30 AM ET Crude Oil Inventories, 2.600M, 5.521M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.008M
10:30 AM ET Crude Oil Imports, 1.600M
10:30 AM ET Cushing Crude Oil Inventories, -0.033M
10:30 AM ET Distillate Fuel Production, -0.028M
10:30 AM ET EIA Weekly Distillates Stocks, -1.500M, -3.220M
10:30 AM ET Gasoline Production, -0.270M
10:30 AM ET Heating Oil Stockpiles, -0.222M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.5%
10:30 AM ET Gasoline Inventories, -1.000M, -3.145M

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