DJIA Market Happenings For Friday, April 26, 2024 – Walmart (WMT) 60.21 Up +14.58% YTD

Dow stocks hitting 52-week highs include Procter & Gamble (PG) 162.55 (-0.03%). Dow stock 52-week lows include Boeing (BA) 166.81 (+1.51%).

The Market

Premarket today, the Dow was indicated to be up +13 points.

Thursday the Dow closed down -375.12 (-0.98%) at 38,085.80.

Year-to-date the Dow is up +1.05%.

Thursday, (11) Dow stocks were up, (1) made 52-week lows and (1) made 52-week highs.

The Dow stock winners Thursday were led by .

The Dow stock losers Thursday were led by .

The VIX closed Thursday at 15.37 (+-3.76%) and the 10 YR at 4.704 (+1.18%). The VIX is currently at 15.48 (+0.72%). The 10YR is at 4.669 (-0.72%).

Thursday’s sell-off was triggered by new U.S. economic data that showed a sharp slowdown in growth and pointed to persistent inflation. Gross domestic product expanded by 1.6% in the first quarter, compared to a forecast of 2.4%.

This morning the personal consumption expenditures price index rose more than expected in March. The inflation measure increased 2.8% from a year ago, excluding food and energy. That came in ahead of an estimate for 2.7%. Including food and energy, the price gauge rose 2.7%, ahead of the 2.6% estimate. Both measures increased 0.3% and were in line with expectations on a monthly basis.

Chevron (CVX) declined nearly 1% after the oil giant posted revenue that fell short of Wall Street’s expectations. The company posted adjusted earnings of $2.93 per share, topping the $2.87 expected by analysts. Revenue came in at $48.72 billion and fell from a year ago. Analysts had expected revenue to come in at $50.66 billion.

Intel (INTC) slid 8% in extended trading after the company missed expectations for first-quarter sales and gave a weak forecast for the current quarter.

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

The national average price of gasoline is up two-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) reported earnings on 4/24/24 before the market open with -$1.13, beating estimates of -$1.429 per share.

IBM (IBM) reported earnings on 4/24/24 after the market close with $1.68, beating estimates of $1.589 per share.

Caterpillar (CAT) reported earnings on 4/25/24 before the market open with $5.60, beating estimates of $5.118 per share.

Dow (DOW) reported earnings on 4/25/24 before the market open with $0.56, beating estimates of $0.473 per share.

Honeywell (HON) reported earnings on 4/25/24 before the market open with $2.25, beating estimates of $2.176 per share.

Merck (MRK) reported earnings on 4/25/24 before the market open with $2.07, beating estimates of $1.936per share.

Intel (INTC) reported earnings on 4/25/24 after the market close with $0.18, beating estimates of -$0.035 per share.

Microsoft (MSFT) reported earnings on 4/25/24 after the market close with $2.94, beating estimates of $2.815 per share.

Chevron (CVX) reports earnings on 4/26/24 before the market open with $2.93, beating estimates of $2.837 per share.

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

Walmart (WMT)

Walmart (WMT) 60.21 (+0.57%) is up +14.58% in 2024.

Financial Calendar

08:30 AM ET Core PCE Price Index (MoM) (Mar), 0.3%, 0.3%
08:30 AM ET Core PCE Price Index (YoY) (Mar), 2.6%, 2.8%
08:30 AM ET PCE price index (MoM) (Mar), 0.3%, 0.3%
08:30 AM ET PCE Price index (YoY) (Mar), 2.6%, 2.5%
08:30 AM ET Personal Income (MoM) (Mar), 0.5%, 0.3%
08:30 AM ET Personal Spending (MoM) (Mar), 0.6%, 0.8%
08:30 AM ET Real Personal Consumption (MoM) (Mar), 0.4%
09:00 AM ET Dallas Fed PCE (Mar), 3.40%
10:00 AM ET Michigan 1-Year Inflation Expectations (Apr), 3.1%, 2.9%
10:00 AM ET Michigan 5-Year Inflation Expectations (Apr), 3.0%, 2.8%
10:00 AM ET Michigan Consumer Expectations (Apr), 77.0, 77.4
10:00 AM ET Michigan Consumer Sentiment (Apr), 77.8, 79.4
10:00 AM ET Michigan Current Conditions (Apr), 79.3, 82.5
12:30 PM ET Atlanta Fed GDPNow (Q2)
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 511
13:00 PM ET U.S. Baker Hughes Total Rig Count, 619
15:30 PM ET CFTC Aluminium speculative net positions, 1.0K
15:30 PM ET CFTC Copper speculative net positions, 47.6K
15:30 PM ET CFTC Corn speculative net positions, -204.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 290.5K
15:30 PM ET CFTC Gold speculative net positions, 201.9K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 8.5K
15:30 PM ET CFTC Natural Gas speculative net positions, -131.9K
15:30 PM ET CFTC S&P 500 speculative net positions, 74.1K
15:30 PM ET CFTC Silver speculative net positions, 53.4K
15:30 PM ET CFTC Soybeans speculative net positions, -171.9K
15:30 PM ET CFTC Wheat speculative net positions, -62.9K

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