The Dow Market Happenings For Wednesday, April 10, 2024 – Coca Cola (KO) 59.72 Up +1.34% YTD

Dow stocks hitting 52-week highs include Amazon (AMZN) 185.67 (+0.26%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -400 points.

Tuesday the Dow closed down -9.13 (-0.02%) at 38,883.67.

Year-to-date the Dow is up +3.17%.

Tuesday, (21) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Cisco (CSCO)50.01 (+3.67%), Nike (NKE) 91.00 (+1.11%) and Intel (INTC) 38.33 (+0.92%).

The Dow stock losers Tuesday were led by Travelers (TRV) 223.84 (-2.93%), American Express (AXP)219.84 (-1.91%) and Boeing (BA) 178.12 (-1.89%).

The VIX closed Tuesday at 14.98 (-1.38%) and the 10 YR at 4.350 (-0.28%). The VIX is currently at 15.20 (+0.07%). The 10YR is at 4.387 (-0.72%).

The CPI rose 0.4% for the month and 3.5% year-over-year. Economists had forecasted an increase of 0.3% month over month and 3.4% year on year. Core CPI, which excludes volatile food and energy prices, accelerated 0.4% from the previous month while rising 3.8% from a year ago, compared to estimates for 0.3% and 3.7%, respectively.

The 10-year Treasury yield, a benchmark for mortgage and other loans, soared back above 4.5% as March CPI reaccelerated from the prior month, defying a Federal Reserve hoping for inflation to slow back to its 2% target. CPI in April increased at a 3.2% pace.

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

The national average price of gasoline is up 1.1 cents at $3.619 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

Coca Cola (KO)

Coca Cola (KO) 59.72 (+0.76%) is up +1.34% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.91%
07:00 AM ET MBA Mortgage Applications (WoW), -0.6%
07:00 AM ET MBA Purchase Index, 145.6
07:00 AM ET Mortgage Market Index, 195.6
07:00 AM ET Mortgage Refinance Index, 453.5
08:30 AM ET Core CPI (MoM) (Mar), 0.3%, 0.4%
08:30 AM ET Core CPI (YoY) (Mar), 3.7%, 3.8%
08:30 AM ET Core CPI Index (Mar), 316.57, 315.57
08:30 AM ET CPI (YoY) (Mar), 3.4%, 3.2%
08:30 AM ET CPI (MoM) (Mar), 0.3%, 0.4% 08:30 AM ET CPI Index, n.s.a. (Mar), 312.10, 310.33
08:30 AM ET CPI Index, s.a (Mar), 311.05
08:30 AM ET CPI, n.s.a (MoM) (Mar), 0.62%
08:30 AM ET Real Earnings (MoM) (Mar), 0.0%
08:45 AM ET FOMC Member Bowman Speaks
10:00 AM ET Wholesale Inventories (MoM) (Feb), 0.5%, -0.3%
10:00 AM ET Wholesale Trade Sales (MoM) (Feb), -1.7%
10:30 AM ET Crude Oil Inventories, 2.415M, 3.210M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.035M
10:30 AM ET Crude Oil Imports, 0.075M
10:30 AM ET Cushing Crude Oil Inventories, -0.377M
10:30 AM ET Distillate Fuel Production, -0.208M
10:30 AM ET EIA Weekly Distillates Stocks, -1.182M, -1.268M
10:30 AM ET Gasoline Production, 0.767M
10:30 AM ET Heating Oil Stockpiles, -0.613M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.1%
10:30 AM ET Gasoline Inventories, -1.750M, -4.256M
11:00 AM ET Cleveland CPI (MoM) (Mar), 0.4%
11:00 AM ET Thomson Reuters IPSOS PCSI (Apr), 53.15
12:45 PM ET Fed Goolsbee Speaks
12:45 PM ET FOMC Member Barkin Speaks
13:00 PM ET 10-Year Note Auction, 4.166%
14:00 PM ET Federal Budget Balance (Mar), -191.2B, -296.0B
14:00 PM ET FOMC Meeting Minutes

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