DJIA Market Happenings For Wednesday, April 3, 2024 – Honeywell (HON) 200.23 Down -4.52% YTD

Dow stocks hitting 52-week highs include Dow (DOW) 59.29 (+1.77%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -45 points.

Tuesday the Dow closed down -396.61 (-1.00%) at 39,170.24.

Year-to-date the Dow is up +3.93%.

Tuesday, (7) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Dow (DOW) 59.29 (+1.77%), Disney (DIS) 122.82 (+1.06%) and Verizon (VZ) 42.54 (+0.61%).

The Dow stock losers Tuesday were led by UnitedHealth (UNH) 458.14 (-6.44%), Amgen (AMGN) 276.21 (-2.41%) and Nike (NKE) 90.95 (-1.74%).

The VIX closed Tuesday at 14.61 (+7.03%) and the 10 YR at 4.341 (-0.41%). The VIX is currently at 15.09 (+3.29%). The 10YR is at 4.405 (+1.06%).

ADP data released Wednesday morning showed private payrolls grew more than expected in March. It offered another sign of resiliency in the economy and sent bond yields higher as investors grow increasingly concerned about the path of rate cuts from the Federal Reserve. ADP data reported Wednesday morning showed private payrolls increased by 184,000 workers in the month. That’s higher than the 155,000 estimate by analysts and marked the fastest pace of growth since July 2023.

Intel (INTC) fell more than 4% in extended trading after revealing a growing operating loss in its semiconductor manufacturing business. The California-based company reported an operating loss of $7 billion in 2023 for the arm of the company, which is commonly referred to as the foundry business. That’s wider than the $5.2 billion loss seen in the prior year. Sales came in at $18.9 billion for 2023, smaller than the $27.5 billion posted in 2022. The numbers, which were disclosed as part of a regulatory filing, come amid a tough period for Intel’s stock. Shares have bucked the broader market uptrend in 2024 with a drop of more than 12%. That marks a reversal after the stock soared more than 90% in 2023.

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

The national average price of gasoline is up 1.4 cents at $3.549 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.

American Express (AXP) reports earnings on 4/19/24 before the market open.

Procter & Gamble (PG) reports earnings on 4/19/24 before the market open.

Coca Cola (KO) reports earnings on 4/22/24 before the market open.

Verizon (VZ) reports earnings on 4/22/24 before the market open.

3M (MMM) reports earnings on 4/23/24 before the market open.

Microsoft (MSFT) reports earnings on 4/23/24 after the market close.

Visa (V) reports earnings on 4/23/24 after the market close.

IBM (IBM) reports earnings on 4/24/24 after the market close.

Caterpillar (CAT) reports earnings on 4/25/24 before the market open.

Dow (DOW) reports earnings on 4/25/24 before the market open.

Honeywell (HON) reports earnings on 4/25/24 before the market open.

Merck (MRK) reports earnings on 4/25/24 before the market open.

Intel (INTC) reports earnings on 4/25/24 after the market close.

Amazon (AMZN) reports earnings on 4/25/24 after the market close.

Chevron (CVX) reports earnings on 4/26/24 before the market open.

Coca Cola (KO) reports earnings on 4/30/24 before the market open.

McDonald’s (MCD) reports earnings on 4/30/24 before the market open.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 200.23 (-0.88%) is down -4.52% in 2024.

Financial Calendar

05:15 AM ET OPEC Meeting
07:00 AM ET MBA 30-Year Mortgage Rate, 6.93%
07:00 AM ET MBA Mortgage Applications (WoW), -0.7%
07:00 AM ET MBA Purchase Index, 145.7
07:00 AM ET Mortgage Market Index, 196.8
07:00 AM ET Mortgage Refinance Index, 460.9
08:15 AM ET ADP Nonfarm Employment Change (Mar), 148K, 140K
09:45 AM ET FOMC Member Bowman Speaks
09:45 AM ET S&P Global Composite PMI (Mar), 52.2, 52.5
09:45 AM ET S&P Global Services PMI (Mar), 51.7, 52.3
10:00 AM ET ISM Non-Manufacturing Business Activity (Mar), 56.7, 57.2
10:00 AM ET ISM Non-Manufacturing Employment (Mar), 48.0
10:00 AM ET ISM Non-Manufacturing New Orders (Mar), 56.1
10:00 AM ET ISM Non-Manufacturing PMI (Mar), 52.8, 52.6
10:00 AM ET ISM Non-Manufacturing Prices (Mar), 58.6
10:00 AM ET Total Vehicle Sales, 15.90M, 15.81M
10:30 AM ET Crude Oil Inventories, -2.000M, 3.165M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.147M
10:30 AM ET Crude Oil Imports, 1.124M
10:30 AM ET Cushing Crude Oil Inventories, 2.107M
10:30 AM ET Distillate Fuel Production, 0.124M
10:30 AM ET EIA Weekly Distillates Stocks, -0.400M, -1.185M
10:30 AM ET Gasoline Production, -0.435M
10:30 AM ET Heating Oil Stockpiles, -0.609M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.9%
10:30 AM ET Gasoline Inventories, -2.000M, 1.299M
11:00 AM ET Milk Auctions, 3,497.0
12:00 PM ET Fed Goolsbee Speaks
12:10 PM ET Fed Chair Powell Speaks
13:10 PM ET Fed Vice Chair for Supervision Barr Speaks
16:30 PM ET FOMC Member Kugler Speaks

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