The Dow Market Happenings For Monday, March 18, 2024 – Amazon (AMZN) 174.42 Up +14.80% YTD

Dow stocks hitting 52-week highs include Dow Caterpillar (CAT) 346.97 (+1.48%)). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +75 points.

Friday the Dow closed down -190.89 (-0.49%) at 38,714.77.

Year-to-date the Dow is up +2.72%.

Friday, (18) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Friday were led by Microsoft (MSFT) 425.22 (+2.44%), Amazon (AMZN) 178.75 (+1.24%) and Chevron (CVX) 155.70 (+1.18%).

The Dow stock losers Friday were led by JPMorgan (JPM) 187.97 (-1.78%), Honeywell (HON) 196.35 (-1.69%) and IBM (IBM) 193.43 (-1.66%).

The VIX closed Friday at 14.41 (+0.07%) and the 10 YR at 4.292 (-0.19%). The VIX is currently at 14.51 (+0.69%). The 10YR is at 4.325 (+0.58%).

This week we get the Fed’s two-day policy meeting, which starts Tuesday and end with an announcement Wednesday at 11 am PDT.

Fed funds futures are currently pricing in a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week.

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

The national average price of gasoline is up six-tenths of a cent at $3.467 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Amazon (AMZN)

Amazon (AMZN) 174.42 (-2.42%) is up +14.80% in 2024.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Mar), 48, 48
11:30 AM ET 3-Month Bill Auction, 5.250%
11:30 AM ET 6-Month Bill Auction, 5.100%

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