The Dow Market Happenings For Friday, April 19, 2024 – Procter & Gamble (PG) 157.29 Up +7.34% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Johnson & Johnson (JNJ) 145.74 (+0.67%).

The Market

Premarket today, the Dow was indicated to be down -24 points.

Thursday the Dow closed up +22.07 (+0.06%) at 37,775.38.

Year-to-date the Dow is up +0.23%.

Thursday, (15) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were led by UnitedHealth (UNH) 493.18 (+2.96%), Travelers (TRV) 210.42 (+1.86%) and Nike (NKE) 95.74 (+0.95%).

The Dow stock losers Thursday were led by Microsoft (MSFT) 404.27 (-1.84%), Intel (INTC) 35.04 (-1.79%) and Salesforce (CRM) 271.92 (-1.59%).

The VIX closed Thursday at 18.00 (-1.15%) and the 10 YR at 4.630 (-0.30%). The VIX is currently at 18.66 (+3.67%). The 10YR is at 4.609 (-0.75%).

Mortgage rates are at their highest level of the year, with the 30-year fixed mortgage rate now sitting around 7.5% according to Mortgage News Daily. Though mortgage applications to purchase a home rose 5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, affordability is weakening. Meanwhile, despite a surge in supply, March home sales dropped, largely due to rising mortgage rates. The spring housing market is moving faster and becoming more competitive, with an average home sitting on the market for just 33 days, compared with 38 days in February.

There was news that Israel conducted a limited strike against Iran. Earlier, Iran’s Fars news agency reported explosions were heard near the airport at the country’s central Isfahan city, but the reason was unknown. Oil prices briefly spiked more than 3% in Asia morning trading, with global benchmark Brent crude futures topping $90 a barrel. Crude futures have since given up those gains, with both the international benchmark and West Texas Intermediate futures down slightly.

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

The national average price of gasoline is up five-tenths of a cent at $3.679 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) reported earnings on 4/19/24 before the market open with $3.33, beating estimates of $2.965 per share.

Procter & Gamble (PG) reported earnings on 4/19/24 before the market open with $1.52, beating estimates of $1.418 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 157.29 (+0.86%) is up +7.34% in 2024.

Financial Calendar

10:30 AM ET Fed Goolsbee Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 506
13:00 PM ET U.S. Baker Hughes Total Rig Count, 617
15:30 PM ET CFTC Aluminium speculative net positions, 2.6K
15:30 PM ET CFTC Copper speculative net positions, 42.7K
15:30 PM ET CFTC Corn speculative net positions, -190.2K
15:30 PM ET CFTC Crude Oil speculative net positions, 297.1K
15:30 PM ET CFTC Gold speculative net positions, 202.4K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 7.5K
15:30 PM ET CFTC Natural Gas speculative net positions, -127.9K
15:30 PM ET CFTC S&P 500 speculative net positions, -62.9K
15:30 PM ET CFTC Silver speculative net positions, 53.2K
15:30 PM ET CFTC Soybeans speculative net positions, -158.5K
15:30 PM ET CFTC Wheat speculative net positions, -52.4K

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