The Dow Market Happenings For Monday, May 13, 2024 – Dow (DOW) 59.41 Up +8.33% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 242.30 (+1.32%), Goldman Sachs (GS) 454.73 (-0.18%) and Procter & Gamble (PG) 166.85 (+0.49%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +115 points.

Friday the Dow closed up +125.08 (+0.32%) at 39,512.84.

Year-to-date the Dow is up +4.84%.

Friday, (18) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Friday were led by McDonald’s (MCD) 275.00 (+2.63%), 3M (MMM) 98.93 (+1.64%) and Verizon (VZ) 40.40 (+1.53%).

The Dow stock losers Friday were led by Nike (NKE) 90.94 (-2.62%) and Amazon (AMZN) 187.48 (-1.07%).

The VIX closed Friday at 12.55 (-1.10%) and the 10 YR at 4.493 (-0.09%). The VIX is currently at 13.28 (+5.82%). The 10YR is at 4.462 (-0.78%).

Tuesday, we get the producer price index which is expected to have risen 0.3% month over month.

Wednesday, we get the consumer price index report. Economists expect the CPI to have risen in April by 0.4% month over month and 3.4% year on year. Core CPI, which excluded food and energy, is expected to have risen 0.3% from March and 3.6% year over year.

Wednesday’s consumer price index report will give much needed insight to where the Federal Reserve will take monetary policy from here.

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

The national average price of gasoline is down six-tenths of a cent at $3.636 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 $1.936 per 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) reported earnings on 4/30/24 before the market open with $2.39, beating estimates of $2.082 per share.

Coca Cola (KO) reported earnings on 4/30/24 before the market open with $0.74, beating estimates of $0.694 per share.

McDonald’s (MCD) reported earnings on 4/30/24 before the market open with $2.66, beating estimates of $2.712 per share.

Amazon (AMZN) reports earnings on 4/30/24 after the market close with $0.98, beating estimates of $0.809 per share.

Amgen (AMGN) reported earnings on 5/2/24 after the market close with $3.96, beating estimates of $3.756 per share.

Apple (AAPL) reported earnings on 5/2/24 after the market close with $1.53, beating estimates of $1.507 per share.

Disney (DIS) reported earnings on 5/7/24 before the market open with $1.21, beating estimates of $1.117 per share.

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

Dow (DOW)

Dow (DOW) 59.41 (-0.07%) is up +8.33% in 2024.

Financial Calendar

09:00 AM ET Fed Governor Jefferson Speaks
09:00 AM ET FOMC Member Mester Speaks
11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations, 3.00%
11:30 AM ET 3-Month Bill Auction, 5.250%
11:30 AM ET 6-Month Bill Auction, 5.155%

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