The Dow Market Happenings For Monday, April 8, 2024 – Johnson & Johnson (JNJ) 152.39 Down -2.78% YTD

Dow stocks hitting 52-week highs include Amazon (AMZN) 185.07 (+2.82%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +50 points.

Friday the Dow closed up +307.66 (+0.80%) at 38,904.04.

Year-to-date the Dow is up +3.22%.

Friday, (23) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Friday were led by Amazon (AMZN) 185.07 (+2.82%), Salesforce (CRM) 301.91 (+2.64%) and Caterpillar (CAT) 379.30 (+2.57%).

The Dow stock losers Friday were led by Intel (INTC) 38.71 (-2.57%), McDonald’s (MCD) 266.69 (-1.26%) and Verizon (VZ) 42.12 (-0.78%).

The VIX closed Friday at 16.03 (-1.96%) and the 10 YR at 4.420 (+1.10%). The VIX is currently at 16.46 (+0.67%). The 10YR is at 4.387 (+1.95%).

The 30-stock Dow fell 2.3% last week, posting its worst weekly performance March 2023. Friday’s rise came after the Labor Department reported job growth of 303,000 in March, much greater than the expected increase of 200,000.

Fed Chairman Jerome Powell on Wednesday maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank’s 2% guideline before rates can come down.

This week we get the CPI number, scheduled for released Wednesday morning.

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

The national average price of gasoline is up five-tenths of a cent at $3.598 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.

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

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

Boeing (BA) reports earnings on 4/24/24 before the market open.

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.

3M (MMM) reports earnings on 4/30/24 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.

Amgen (AMGN) reports earnings on 5/2/24 after the market close.

Apple (AAPL) reports earnings on 5/2/24 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 152.39 (-0.07%) is down -2.78% in 2024.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Mar), 112.29
11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations, 3.00%
11:30 AM ET 3-Month Bill Auction, 5.230%
11:30 AM ET 6-Month Bill Auction, 5.125%
19:00 AM ET FOMC Member Kashkari Speaks

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