DJIA Market Happenings For Thursday, April 18, 2024 – Nike (NKE) 94.84 Down -12.65% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +117 points.

Wednesday the Dow closed down -45.66 (-0.12%) at 37,753.31.

Year-to-date the Dow is up +0.17%.

Wednesday, (11) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) 478.99 (+2.15%), Goldman Sachs (GS) 403.91 (+1.78%) and McDonald’s (MCD)269.95 (+1.70%).

The Dow stock losers Wednesday were led by Travelers (TRV) 206.58 (-7.41%), Intel (INTC) 35.68 (-1.60%) and Amazon (AMZN) 181.28 (-1.10%).

The VIX closed Wednesday at 18.21 (-1.03%) and the 10 YR at 4.587 (+0.13%). The VIX is currently at 17.89 (-1.76%). The 10YR is at 4.600 (+0.41%).

A gauge measuring manufacturing activity in the Philadelphia region posted an unexpectedly sharp gain in April, due in good part to a jump in an inflation measure. The Philadelphia Federal Reserve’s manufacturing index rose to 15.5 for the month, up more than 12 points from March and better than the Dow Jones estimate for 2.5. The index measures the percentage difference between companies reporting expansion and contraction, so anything above zero is positive. Most of the gain came from three categories: prices paid, which saw a nearly 20-point surge to 23; new orders, which increased nearly 7 points to 12.2, and shipments, which posted a nearly 8-point gain to 19.1. The employment index edged lower to -10.7 and the average work week plunged to -18.7, a drop of 18.5 points.

Initial filings for unemployment claims held steady at 212,000 for the week ended April 13, indicating that companies remain reluctant to lay off workers, the Labor Department reported Thursday. The claims number was slightly below the Dow Jones estimate for 215,000 and reflected a still-tight labor market despite the Federal Reserve holding its benchmark interest rate at the highest level in 23 years. Continuing claims, which run a week behind, were little changed, rising 2,000 to 1.81 million, meeting the FactSet estimate.

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

The national average price of gasoline is up 1.4 cents at $3.674 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) reported earnings on 4/12/24 before the market open with $4.44, beating estimates of $4.184 per share.

Goldman Sachs (GS) reported earnings on 4/15/24 before the market open with $6.91, beating estimates of $6.633 per share.

Johnson & Johnson (JNJ) reported earnings on 4/16/24 before the market open with $2.71, beating estimates of $2.639 per share.

UnitedHealth (UNH) reported earnings on 4/16/24 before the market open with $6.91, beating estimates of $6.633 per share.

Travelers (TRV) reported earnings on 4/17/24 before the market open with $4.69, beating estimates of $4.746 per share.

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.

Disney (DIS) reports earnings on 5/7/24 before the market open.

Home Depot (HD) reports earnings on 5/14/24 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 94.84 (+1.55%) is down -12.65% in 2024.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,817K,
08:30 AM ET Initial Jobless Claims, 215K, 211K
08:30 AM ET Jobless Claims 4-Week Avg., 214.25K
08:30 AM ET Philadelphia Fed Manufacturing Index (Apr), 1.5, 3.2
08:30 AM ET Philly Fed Business Conditions (Apr), 38.6
08:30 AM ET Philly Fed CAPEX Index (Apr), 23.60
08:30 AM ET Philly Fed Employment (Apr), -9.6
08:30 AM ET Philly Fed New Orders (Apr), 5.4
08:30 AM ET Philly Fed Prices Paid (Apr), 3.70
09:05 AM ET FOMC Member Bowman Speaks
09:15 AM ET FOMC Member Bowman Speaks
09:15 AM ET FOMC Member Williams Speaks
10:00 AM ET Existing Home Sales (Mar), 4.20M, 4.38M
10:00 AM ET Existing Home Sales (MoM) (Mar), 9.5%
10:00 AM ET US Leading Index (MoM) (Mar), -0.1%, 0.1%
10:30 AM ET Natural Gas Storage, 54B, 24B
11:00 AM ET FOMC Member Bostic Speaks
11:30 AM ET 4-Week Bill Auction, 5.270%
11:30 AM ET 8-Week Bill Auction, 5.270%
13:00 PM ET 5-Year TIPS Auction, 1.710%
16:30 PM ET Fed’s Balance Sheet, 7,438B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.616T
17:45 PM ET FOMC Member Bostic Speaks

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