The Dow Market Happenings For Tuesday, March 12, 2024 – Verizon (VZ) 40.13 Up +6.45% YTD

Dow stocks hitting 52-week highs include Procter & Gamble (PG) 161.55 (+0.75%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +20 points.

Monday the Dow closed up +46.97 (+0.12%) at 38,769.66.

Year-to-date the Dow is up +2.87%.

Monday, (20) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Monday were led by UnitedHealth (UNH) 489.15 (+2.64%), Intel (INTC) 44.86 (+1.95%) and Nike (NKE) 101.08 (+1.94%).

The Dow stock losers Monday were led by Boeing (BA) 192.49 (-3.02%), IBM (IBM) 191.73 (-2.15%) and Amazon (AMZN) 171.96 (-1.93%).

The VIX closed Monday at 15.22 (+3.26%) and the 10 YR at 4.097 (-0.12%). The VIX is currently at 14.4 (-4.93%). The 10YR is at 4.143 (+1.00%).

The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly gain was in line with expectations, but the annual rate was slightly ahead of the 3.1% forecast from the Dow Jones consensus. Excluding volatile food and energy prices, core CPI increased 0.4% on the month and was up 3.8% on the year. Both were one-tenth of a percentage point higher than forecast.

Thursday we get the producer-focused index. The CPI and PPI releases are among the last major economic reports expected before Federal Reserve leaders convene for their March 19-20 policy meeting.

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

The national average price of gasoline is down three-tenths of a cent at $3.394 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 3/21/24 after the market close.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 40.13 (+1.57%) is up +6.45% in 2024.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:00 AM ET OPEC Monthly Report
08:30 AM ET Core CPI (YoY) (Feb), 3.7%, 3.9%
08:30 AM ET Core CPI (MoM) (Feb), 0.3%, 0.4%
08:30 AM ET Core CPI Index (Feb), 314.44
08:30 AM ET CPI (MoM) (Feb), 0.4%, 0.3%
08:30 AM ET CPI (YoY) (Feb), 3.1%, 3.1%
08:30 AM ET CPI Index, n.s.a. (Feb), 308.42
08:30 AM ET CPI Index, s.a (Feb), 309.69
08:30 AM ET CPI, n.s.a (MoM) (Feb), 0.54%
08:30 AM ET Real Earnings (MoM) (Feb), -0.3%
08:55 AM ET Redbook (YoY), 3.1%
11:00 AM ET Cleveland CPI (MoM) (Feb), 0.5%
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 10-Year Note Auction, 4.093%
14:00 PM ET Federal Budget Balance (Feb), -298.5B, -22.0B
16:30 PM ET API Weekly Crude Oil Stock, 0.423M

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