DJIA Market Happenings For Friday, June 14, 2024 – American Express (AXP) 222.19 Up +18.60% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 45.52 (-0.22%).

The Market

Premarket today, the Dow was indicated to be down -275 points.

Thursday the Dow closed down -45.11 (-0.17%) at 38,647.10.

Year-to-date the Dow is up +2.54%.

Thursday, (15) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were led by JPMorgan (JPM) 193.66 (+1.09%), Home Depot (HD) 347.88 (+1.09%) and UnitedHealth (UNH) 497.30 (+0.86%).

The Dow stock losers Thursday were led by Salesforce (CRM) 229.03 (-2.87%), Amazon (AMZN) 183.83 (-1.64%) and Boeing (BA) 180.70 (-1.08%).

The VIX closed Thursday at 11.94 (-0.83%) and the 10 YR at 4.266 (+0.76%). The VIX is currently at 12.71 (+6.45%). The 10YR is at 4.215 (-0.45%).

More evidence of a pullback in inflation came in May as prices for both imports and exports fell, the Bureau of Labor Statistics reported Friday. Import prices declined 0.4%, against the Dow Jones estimate for no change and a switch from the 0.9% jump in April. Export prices declined 0.6% after rising 0.6% the prior month. A 2% decline in fuel costs helped bring prices down, but food, feed and beverage prices also fell 1.6%.

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

The national average price of gasoline is up six-tenths of a cent at $3.460 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/27/24 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 222.19 (-0.83%) is up +18.60% in 2024.

Financial Calendar

08:30 AM ET Export Price Index (YoY), -1.0%
08:30 AM ET Export Price Index (MoM) (May), 0.0%, 0.5%
08:30 AM ET Import Price Index (MoM) (May), 0.0%, 0.9%
08:30 AM ET Import Price Index (YoY), 1.1%
10:00 AM ET Michigan 1-Year Inflation Expectations (Jun), 3.3%
10:00 AM ET Michigan 5-Year Inflation Expectations (Jun), 3.0%
10:00 AM ET Michigan Consumer Expectations (Jun), 70.0, 68.8
10:00 AM ET Michigan Consumer Sentiment (Jun), 72.1, 69.1
10:00 AM ET Michigan Current Conditions (Jun), 71.0, 69.6
11:00 AM ET Fed Monetary Policy Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 492
13:00 PM ET U.S. Baker Hughes Total Rig Count, 594
14:00 PM ET Fed Goolsbee Speaks
15:30 PM ET CFTC Aluminium speculative net positions, 1.0K
15:30 PM ET CFTC Copper speculative net positions, 61.1K
15:30 PM ET CFTC Corn speculative net positions, -119.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 210.7K
15:30 PM ET CFTC Gold speculative net positions, 237.3K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 2.0K
15:30 PM ET CFTC Natural Gas speculative net positions, -99.7K
15:30 PM ET CFTC S&P 500 speculative net positions, -65.0K
15:30 PM ET CFTC Silver speculative net positions, 56.4K
15:30 PM ET CFTC Soybeans speculative net positions, -52.0K
15:30 PM ET CFTC Wheat speculative net positions, -18.1K

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