DJIA Market Happenings For Friday, May 31, 2024 – Nike (NKE) 93.45 Down -13.93% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +83 points.

Thursday the Dow closed down -330.06 (-0.86%) at 38,111.48.

Year-to-date the Dow is up +1.12%.

Thursday, (22) Dow stocks were up, none made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were Verizon (VZ) 40.33 (+3.15%), Honeywell (HON) 200.91 (+1.95%) and Nike (NKE) 93.45 (+1.94%).

The Dow stock losers Thursday were led by Salesforce (CRM) 218.01 (-19.74%), Microsoft (MSFT) 414.67 (-3.38%) and AMazon (AMZN) 179.32 (-1.48%).

The VIX closed Thursday at 14.47 (+1.33%) and the 10 YR at 4.549 (-1.54%). The VIX is currently at 13.66 (-5.60%). The 10YR is at 4.526 (-0.57%).

Former President Donald Trump was found guilty on all 34 felony charges against him in his hush money trial, a historic first for a former U.S. president.

Inflation rose about as expected in April. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period, in line with estimates. On annual basis, core PCE was up 2.8%, or 0.1 percentage point higher than estimates. Including the volatile food and energy category, PCE inflation was at 2.7% on an annual basis and 0.3% from a month ago. Those numbers were in line with forecasts.

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

The national average price of gasoline is down 1.0 cent at $3.559 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) reported earnings on 5/29/24 after the market close with $2.44, beating estimates of $1.818 per share.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 93.45 (+1.94%) is down -13.93% in 2024.

Financial Calendar

08:30 AM ET Core PCE Price Index (MoM) (Apr), 0.3%, 0.3%
08:30 AM ET Core PCE Price Index (YoY) (Apr), 2.8%, 2.8%
08:30 AM ET PCE Price index (YoY) (Apr), 2.7%, 2.7%
08:30 AM ET PCE price index (MoM) (Apr), 0.3%
08:30 AM ET Personal Income (MoM) (Apr), 0.3%, 0.5%
08:30 AM ET Personal Spending (MoM) (Apr), 0.3%, 0.8%
08:30 AM ET Real Personal Consumption (MoM) (Apr), 0.5%
09:00 AM ET Dallas Fed PCE (Apr), 2.90%
09:45 AM ET Chicago PMI (May), 41.1, 37.9
10:30 AM ET Atlanta Fed GDPNow (Q2), 3.5%, 3.5%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 497
13:00 PM ET U.S. Baker Hughes Total Rig Count, 600
15:30 PM ET CFTC Aluminium speculative net positions, 1.1K
15:30 PM ET CFTC Copper speculative net positions, 71.7K
15:30 PM ET CFTC Corn speculative net positions, -41.8K
15:30 PM ET CFTC Crude Oil speculative net positions, 219.3K
15:30 PM ET CFTC Gold speculative net positions, 229.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 4.7K
15:30 PM ET CFTC Natural Gas speculative net positions, -90.1K
15:30 PM ET CFTC S&P 500 speculative net positions, -22.8K
15:30 PM ET CFTC Silver speculative net positions, 59.6K
15:30 PM ET CFTC Soybeans speculative net positions, -45.0K
15:30 PM ET CFTC Wheat speculative net positions, -12.5K

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