The Dow Market Happenings For Friday, March 22, 2024 – Salesforce (CRM) 308.39 Up +17.20% YTD

Dow stocks hitting 52-week highs include Amazon (AMZN) 178.15 (0.00%), American Express (AXP) 229.12 (+0.53%), Caterpillar (CAT) 364.56 (+2.28%), Disney (DIS) 116.70 (+0.21%), Goldman Sachs (GS) 413.71 (+4.35%), Home Depot (HD) 395.20 (+2.81%), JPMorgan (JPM) 199.06 (+1.39%), Microsoft (MSFT) 429.37 (+0.97%), Travelers (TRV) 226.13 (+0.51%), Visa (V) 290.37 (+0.38%) and Walmart (WMT) 61.45 (+0.33%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -17 points.

Thursday the Dow closed up +269.24 (+0.68%) at 39,781.37.

Year-to-date the Dow is up +5.55%.

Thursday, (18) Dow stocks were up, none made 52-week lows and (11) made 52-week highs.

The Dow stock winners Thursday were led by Goldman Sachs 413.71 (+4.35%), Home Depot (HD) 395.20 (+2.81%) and Caterpillar (CAT) 364.56 (+2.28%).

The Dow stock losers Thursday were led by Apple (AAPL) 171.37 (-4.09%), IBM (IBM) 191.90 (-1.06%) and UnitedHealth (UNH) 491.69 (-0.51%).

The VIX closed Thursday at 12.92 (-0.92%) and the 10 YR at 4.267 (-0.02%). The VIX is currently at 13.01 (+0.70%). The 10YR is at 4.203 (-1.52%).

This week the Dow is up almost 2.8% through Thursday’s close.

Nike (NKE) slumped about 6% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third quarter, despite posting better-than-expected quarterly earnings and revenue, boosted by North American sales and price changes.

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

The national average price of gasoline is up five-tenths of a cent at $3.532 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/24 after the market close with $0.98, beating estimates of $0.691 per share.

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

Salesforce (CRM)

Salesforce (CRM) 308.39 (+0.75%) is up +17.20% in 2024.

Financial Calendar

12:00 PM ET Fed Vice Chair for Supervision Barr Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 510
13:00 PM ET U.S. Baker Hughes Total Rig Count, 629
16:00 PM ET FOMC Member Bostic Speaks
16:30 PM ET CFTC Aluminium speculative net positions, 2.4K
16:30 PM ET CFTC Copper speculative net positions, 5.4K
16:30 PM ET CFTC Corn speculative net positions, -189.0K
16:30 PM ET CFTC Crude Oil speculative net positions, 233.8K
16:30 PM ET CFTC Gold speculative net positions, 201.6K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 1.4K
16:30 PM ET CFTC Natural Gas speculative net positions, -101.5K
16:30 PM ET CFTC S&P 500 speculative net positions, -239.8K
16:30 PM ET CFTC Silver speculative net positions, 41.0K
16:30 PM ET CFTC Soybeans speculative net positions, -180.4K
16:30 PM ET CFTC Wheat speculative net positions, -53.8K

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