DJIA Market Happenings For Wednesday, April 24, 2024 – Visa (V) 274.11 Up +1.77% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 238.96 (+2.56%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +10 points.

Tuesday the Dow closed up +263.71 (+0.69%) at 38,503.69.

Year-to-date the Dow is up +2.16%.

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

The Dow stock winners Tuesday were led by Verizon (VZ) 39.70 (+2.85%), American Express (AXP) 238.96 (+2.56%) and Microsoft (MSFT) 407.57 (+1.65%).

The Dow stock losers Tuesday were led by Walmart (WMT) 59.09 (-1.75%), UnitedHealth (UNH) 486.18 (-1.63%) and Boeing (BA) 169.18 (-0.76%).

The VIX closed Tuesday at 15.69 (-7.38%) and the 10 YR at 4.618 (+0.46%). The VIX is currently at 15.76 (+0.45%). The 10YR is at 4.641 (+0.96%).

Boeing (BA) on Wednesday reported a narrower-than-expected loss and less cash burn than analysts forecast. The company said it is stabilizing its supply chain as it deals with the fallout from the midair loss of a door plug on a 737 Max 9 plane in January. The FAA has barred Boeing from increasing output of its Max planes and found several noncompliance issues with their supply chain. Shares of Boeing were up about 4% shortly following the earnings release.

Visa (V) jumped more than 2% on the back of stronger-than-expected reports.

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

The national average price of gasoline is down seven-tenths of a cent at $3.660 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.

Verizon (VZ) reported earnings on 4/22/24 before the market open with $1.15, beating estimates of $1.12 per share.

Visa (V) reported earnings on 4/23/24 after the market close with $2.51, beating estimates of $2.426 per share.

Boeing (BA) reports earnings on 4/24/24 before the market open with -$1.13, beating estimates of -$1.429 per share.

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.

Microsoft (MSFT) 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.

Amazon (AMZN) reports earnings on 4/30/24 after the market close.

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.

Cisco (CSCO) reports earnings on 5/15/24 after the market close.

Walmart (WMT) reports earnings on 5/16/24 before the market open.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 274.11 (+0.65%) is up +1.77% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.13%
07:00 AM ET MBA Mortgage Applications (WoW), 3.3%
07:00 AM ET MBA Purchase Index, 145.6
07:00 AM ET Mortgage Market Index, 202.1
07:00 AM ET Mortgage Refinance Index, 500.7
08:30 AM ET Core Durable Goods Orders (MoM) (Mar), 0.3%, 0.3%
08:30 AM ET Durable Goods Orders (MoM) (Mar), 2.5%, 1.3%
08:30 AM ET Durables Excluding Defense (MoM) (Mar), 2.1%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Mar), 0.2%, 0.7%
10:30 AM ET Crude Oil Inventories, 1.700M, 2.735M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.131M
10:30 AM ET Crude Oil Imports, -1.991M
10:30 AM ET Cushing Crude Oil Inventories, 0.033M
10:30 AM ET Distillate Fuel Production, -0.038M
10:30 AM ET EIA Weekly Distillates Stocks, -0.900M, -2.760M
10:30 AM ET Gasoline Production, -0.025M
10:30 AM ET Heating Oil Stockpiles, -0.714M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.2%
10:30 AM ET Gasoline Inventories, -1.400M, -1.154M
12:30 PM ET Atlanta Fed GDPNow (Q1), 2.9%, 2.9%
13:00 PM ET 5-Year Note Auction, 4.235%

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