The Dow Market Happenings For Wednesday, March 20, 2024 – Boeing (BA) 181.14 Down -30.51% YTD

Dow stocks hitting 52-week highs include Dow Caterpillar (CAT) 353.90 (+0.57%), JPMorgan (JPM) 193.79 (+0.59%) and Travelers (TRV) 223.63 (+0.77%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -59 points.

Tuesday the Dow closed up +320.33 (+0.83%) at 39,110.76.

Year-to-date the Dow is up +2.92%.

Tuesday, (27) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Tuesday were led by Home Depot (HD) 379.41 (+2.02%), McDonald’s (MCD) 282.87 (+1.54%) and Apple (AAPL) 176.08 (+1.36%).

The Dow stock losers Tuesday were Intel (INTC) 42.05 (-1.55%), Johnson & Johnson (JNJ) 156.21 (-0.35%) and Cisco (CSCO) 49.14 (-0.26%).

The VIX closed Tuesday at 13.82 (-3.56%) and the 10 YR at 4.294 (0.00%). The VIX is currently at 14.07 (+1.41%). The 10YR is at 4.290 (-0.09%).

Later today (11 am PST) we get the FOMC rate decision.

Intel (INTC) rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion in CHIPS Act grants.

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

The national average price of gasoline is up 2.6 cents at $3.515 per gallon.

Earnings Reports

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

JPMorgan (JPM) reports earnings on 4/12/24 before the market open.

Goldman Sachs (GS) reports earnings on 4/15/24 before the market open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 181.14 (+0.72%) is down -30.51% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.84%
07:00 AM ET MBA Mortgage Applications (WoW), 7.1%
07:00 AM ET MBA Purchase Index, 147.7
07:00 AM ET Mortgage Market Index, 201.5
07:00 AM ET Mortgage Refinance Index, 480.3
10:30 AM ET Crude Oil Inventories, -0.025M, -1.536M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.390M
10:30 AM ET Crude Oil Imports, -0.241M
10:30 AM ET Cushing Crude Oil Inventories, -0.220M
10:30 AM ET Distillate Fuel Production, 0.217M
10:30 AM ET EIA Weekly Distillates Stocks, 0.077M, 0.888M
10:30 AM ET Gasoline Production, 0.285M
10:30 AM ET Heating Oil Stockpiles, 0.867M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.9%
10:30 AM ET Gasoline Inventories, -2.600M, -5.662M
14:00 PM ET Interest Rate Projection – 1st Yr (Q1), 4.6%
14:00 PM ET Interest Rate Projection – 2nd Yr (Q1), 3.6%
14:00 PM ET Interest Rate Projection – Current (Q1), 5.4%
14:00 PM ET Interest Rate Projection – Longer (Q1), 2.5%
14:00 PM ET FOMC Economic Projections
14:00 PM ET FOMC Statement
14:00 PM ET Fed Interest Rate Decision, 5.50%, 5.50%
14:30 PM ET FOMC Press Conference

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