The Dow Market Happenings For Monday, June 17, 2024 – Boeing (BA) 177.27 Down -31.99% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 45.68 (+0.35%).

The Market

Premarket today, the Dow was indicated to be down -92 points.

Friday the Dow closed down -57.94 (-0.15%) at 38,589.16.

Year-to-date the Dow is up +2.39%.

Friday, (13) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Friday were led by Salesforce (CRM) 231.94 (+1.27%), AMerican Express (AXP) 224.82 (+1.18%) and Walmart (WMT) 67.02 (+0.48%).

The Dow stock losers Friday were led by Boeing (BA) 177.27 (-1.90%), Dow (DOW) 55.02 (-1.86%) and Caterpillar (CAT) 321.47 (-1.50%).

The VIX closed Friday at 12.66 (0.00%) and the 10 YR at 4.238 (+0.64%). The VIX is currently at 13.09 (+3.40%). The 10YR is at 4.277 (+1.54%).

This week will be a holiday-shortened week, with markets closed Wednesday for the Juneteenth holiday.

Tuesday, we get May retail sales data.

Manufacturing activity improved in the New York area while the six-month outlook surged to its best level since early 2022, according to a Federal Reserve survey released Monday. The Empire State Manufacturing Index, though still negative, improved to -6 for June, up 9.6 points from May and better than the -10.5 estimate from the Dow Jones consensus. Within the survey, the expectations index for general business conditions leaped to 30.1, up 15.6 points on the month. Other measures saw sharp improvements in new orders and delivery times, while price measures decreased though remained positive. The survey registers the percentage difference between companies seeing expansion and contraction.

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

Boeing (BA)

Boeing (BA) 177.27 (-1.90%) is down -31.99% in 2024.

Financial Calendar

11:30 AM ET 3-Month Bill Auction, 5.250%
11:30 AM ET 6-Month Bill Auction, 5.165%
12:00 PM ET FOMC Member Williams Speaks
13:00 PM ET FOMC Member Harker Speaks

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