DJIA Market Happenings For Thursday, March 21, 2024 – Caterpillar (CAT) 356.45 Up +20.56% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 227.91 (+2.81%), Caterpillar (CAT) 356.45 (+0.72), Disney (DIS) 116.46 (+1.70%), JPMorgan (JPM) 196.33 (+1.31%), Travelers (TRV) 224.99 (+0.61%) and Visa (V) 289.28 (+0.67%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +109 points.

Wednesday the Dow closed up +401.37 (+1.03%) at 39,512.13.

Year-to-date the Dow is up +4.84%.

Wednesday, (28) Dow stocks were up, none made 52-week lows and (6) made 52-week highs.

The Dow stock winners Wednesday were led by Boeing (BA) 187.78 (+3.67%), American Express (AXP) 227.91 (+2.81%), 3M (MMM) 108.11 (+2.65%) and Dow (DOW) 58.17 (+2.48%).

The Dow stock losers Wednesday were Chevron (CVX) 154.55 (-1.32%) and Johnson & Johnson (JNJ) 155.76 (-0.29%).

The VIX closed Wednesday at 13.04 (-5.64%) and the 10 YR at 4.255 (-0.26%). The VIX is currently at 14.07 (+1.41%). The 10YR is at 4.290 (-0.09%).

Yesterday, the Fed reiterated expectations for three cuts to interest rates this year. The central bank kept borrowing costs unchanged at its two-day March policy meeting.

Spot gold hit over $2,200 per ounce Thursday, notching a new high after the U.S. Federal Reserve reaffirmed plans for three rate cuts this year.

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

The national average price of gasoline is up 1.2 cents at $3.527 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.

Johnson & Johnson (JNJ) reports earnings on 4/16/24 before the market open.

UnitedHealth (UNH) reports earnings on 4/16/24 before the market open.

Travelers (TRV) reports earnings on 4/17/24 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 356.45 (+0.72%) is up +20.56% in 2024.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,811K
08:30 AM ET Current Account (Q4), -209.0B, -200.3B
08:30 AM ET Initial Jobless Claims, 212K, 209K
08:30 AM ET Jobless Claims 4-Week Avg., 208.00K
08:30 AM ET Philadelphia Fed Manufacturing Index (Mar), -2.6, 5.2
08:30 AM ET Philly Fed Business Conditions (Mar), 7.2
08:30 AM ET Philly Fed CAPEX Index (Mar), 12.70
08:30 AM ET Philly Fed Employment (Mar), -10.3
08:30 AM ET Philly Fed New Orders (Mar), -5.2
08:30 AM ET Philly Fed Prices Paid (Mar), 16.60
09:45 AM ET S&P Global US Manufacturing PMI (Mar), 51.8, 52.2
09:45 AM ET S&P Global Composite PMI (Mar), 52.5
09:45 AM ET S&P Global Services PMI (Mar), 52.0, 52.3
10:00 AM ET Existing Home Sales (Feb), 3.95M, 4.00M
10:00 AM ET Existing Home Sales (MoM) (Feb), 3.1%
10:00 AM ET US Leading Index (MoM) (Feb), -0.2%, -0.4%
10:30 AM ET Natural Gas Storage, 5B, -9B
11:30 AM ET 4-Week Bill Auction, 5.280%
11:30 AM ET 8-Week Bill Auction, 5.275%
12:00 PM ET Fed Vice Chair for Supervision Barr Speaks
13:00 PM ET 10-Year TIPS Auction, 1.810%
16:30 PM ET Fed’s Balance Sheet, 7,542B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.573T

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