The Dow Market Happenings For Tuesday, May 28, 2024 – 3M (MMM) 99.67 Up +9.05% YTD

Dow stocks hitting 52-week highs include Walmart (WMT) 65.38 (+0.83%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -27 points.

Friday the Dow closed up +4.33 (+0.01%) at 39,069.59.

Year-to-date the Dow is up +3.66%.

Friday, (19) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 30.72 (+2.13%), JPMorgan (JPM) 200.71 (+1.92%) and Apple (AAPL) 189.98 (+1.66%).

The Dow stock losers Friday were led by Salesforce (CRM) 272.29 (+2.25%), Johnson & Johnson (JNJ) 146.97 (-0.82%) and UnitedHealth (UNH) 508.17 (-1.68%).

The VIX closed Friday at 12.36 (-3.21%) and the 10 YR at 4.460 (-0.22%). The VIX is currently at 12.49 (+4.69%). The 10YR is at 4.450 (-0.45%).

The Dow Jones Industrial Average is up +3.3% for the month and topped 40,000 for the first time ever in May.

This week we get inflation data in the form of the April personal income and expenditures report, which includes the PCE inflation reading and will drop on Friday.

Next week we JOLTS and ISM data.

Apple (AAPL) shares added nearly 2% in Tuesday premarket trading following data that reflected a rebound in China. iPhone shipments in China jumped about 52% in April from a year ago, according to data analyzed by UBS. But the firm warned that these figures can be “volatile,” and said investors shouldn’t jump to the conclusion that a regional turnaround is happening because of this month’s stats alone.

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

The national average price of gasoline is down six-tenths of a cent at $3.586 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) reported earnings on 5/14/24 before the market open with $3.63, beating estimates of $3.611 per share.

Cisco (CSCO) reported earnings on 5/15/24 after the market close with $0.88, beating estimates of $0.699 per share.

Walmart (WMT) reported earnings on 5/16/24 before the market open with $0.60, beating estimates of $0.523 per share.

Salesforce (CRM) reports earnings on 5/29/24 after the market close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 99.67 (+0.16%) is up +9.05% in 2024.

Financial Calendar

00:55 AM ET FOMC Member Bowman Speaks
00:55 AM ET FOMC Member Mester Speaks
09:00 AM ET House Price Index (YoY) (Mar), 7.0%
09:00 AM ET House Price Index (MoM) (Mar), 0.5%, 1.2%
09:00 AM ET House Price Index (Mar), 423.0
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Mar), 0.6%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Mar), 0.9%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar), 7.3%, 7.3%
09:55 AM ET FOMC Member Kashkari Speaks
10:00 AM ET CB Consumer Confidence (May), 96.1, 97.0
10:30 AM ET Dallas Fed Mfg Business Index (May), -14.5
11:30 AM ET 2-Year Note Auction, 4.898%
11:30 AM ET 3-Month Bill Auction, 5.245%
11:30 AM ET 6-Month Bill Auction, 5.160%
13:00 PM ET 5-Year Note Auction, 4.659%
13:00 PM ET M2 Money Supply (MoM), 20.84T
13:05 PM ET Fed Governor Cook Speaks

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