Dow stocks hitting 52-week highs include Amazon (AMZN) 185.19 (+0.06%) and Caterpillar (CAT) 373.47 (-1.54%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +23 points.

Monday the Dow closed down -11.24 (-0.03%) at 38,892.80.

Year-to-date the Dow is up +3.19%.

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

The Dow stock winners Monday were led by Nike (NKE) 90.00 (+1.31%), Home Depot (HD)362.05 (+1.17%) and 3M (MMM) 91.93 (+0.99%).

The Dow stock losers Monday were led by Intel (INTC) 37.98 (-1.89%), Caterpillar (CAT) 373.47 (-1.54%) and Merck (MRK) 126.56 (-1.12%).

The VIX closed Monday at 15.19 (-5.24%) and the 10 YR at 4.425 (+0.14%). The VIX is currently at 15.20 (+0.07%). The 10YR is at 4.387 (-0.72%).

Tomorrow we get the March’s consumer price index report as the latest gauge on inflation. CPI is expected to show an increase of 0.3% last month. Release of the Federal Reserve’s minutes from its March meeting are also slated for Wednesday.

President Joe Biden announced a new plan to forgive student debt on Monday. If enacted, all borrowers will get up to $20,000 of unpaid interest on their federal student debt forgiven. Some low and middle-income borrowers could have their entire interest canceled under Biden’s plan. In addition to canceling interest, the proposed rule will forgive the debt of those who have been in repayment for 20 years or longer on undergraduate loans or attended schools of questionable value.

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

The national average price of gasoline is up 1.0 cent at $3.608 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

JPMorgan (JPM)

JPMorgan (JPM) 198.48 (+0.52%) is up +16.68% in 2024.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Mar), 90.2, 89.4
08:55 AM ET Redbook (YoY), 5.2%
10:00 AM ET IBD/TIPP Economic Optimism, 44.2, 43.5
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction, 4.256%
16:30 PM ET API Weekly Crude Oil Stock, -2.286M