DJIA Market Happenings For Tuesday, June 18, 2024 – Caterpillar (CAT) 322.40 Up +9.04% YTD

Dow stocks hitting 52-week highs include Honeywell (HON) 211.95 (+1.64%) and Microsoft (MSFT) 448.37 (+1.31%). Dow stock 52-week lows include Cisco (CSCO) 45.69 (+0.02%).

The Market

Premarket today, the Dow was indicated to be down -42 points.

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

Year-to-date the Dow is up +2.89%.

Monday, (24) Dow stocks were up, (1) made 52-week lows and (2) made 52-week highs.

The Dow stock winners Friday were led by Apple (AAPL) 216.67 (+1.97%), Intel (INTC) 30.98 (+1.74%) and Nike 95.00 (+1.72%).

The Dow stock losers Friday were led by UnitedHealth (UNH) 489.23 (-1.17%), Merck (MRK) 127.50 (-0.94%) and Salesforce (CRM) 230.48 (-0.63%).

The VIX closed Friday at 12.75 (+0.75%) and the 10 YR at 4.265 (-0.23%). The VIX is currently at 12.62 (-1.02%). The 10YR is at 4.250 (-0.58%).

Retail sales rose 0.1% in May, versus the 0.2% growth forecasted by economists. Sales rose 2.3% on a year-over-year basis. Treasury yields fell following the retail sales report.

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

The national average price of gasoline is down seven-tenths of a cent at $3.440 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 322.40 (+0.29%) is up +9.04% in 2024.

Financial Calendar

08:30 AM ET Core Retail Sales (MoM) (May), 0.2%, 0.2%
08:30 AM ET Retail Control (MoM) (May), -0.3%
08:30 AM ET Retail Sales (MoM) (May), 0.3%, 0.0%
08:30 AM ET Retail Sales (YoY) (May), 3.04%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (May), -0.1%
08:55 AM ET Redbook (YoY), 5.5%
09:15 AM ET Capacity Utilization Rate (May), 78.6%, 78.4%
09:15 AM ET Industrial Production (YoY) (May), -0.38%
09:15 AM ET Industrial Production (MoM) (May), 0.3%, 0.0%
09:15 AM ET Manufacturing Production (MoM) (May), 0.3%, -0.3%
10:00 AM ET Business Inventories (MoM) (Apr), 0.3%, -0.1%
10:00 AM ET FOMC Member Barkin Speaks
10:00 AM ET Retail Inventories Ex Auto (Apr), 0.3%, -0.2%
10:00 AM ET Milk Auctions, 3,824.0
11:40 AM ET Fed Collins Speaks
13:00 PM ET 20-Year Bond Auction, 4.635%
13:00 PM ET Atlanta Fed GDPNow (Q2), 3.1%, 3.1%
13:00 PM ET Fed Logan Speaks
13:00 PM ET FOMC Member Kugler Speaks
14:00 PM ET Fed Goolsbee Speaks
16:00 PM ET US Foreign Buying, T-bonds (Apr), 42.20B
16:00 PM ET Overall Net Capital Flow (Apr), 102.10B
16:00 PM ET TIC Net Long-Term Transactions (Apr), 100.5B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Apr), 69.30B, 100.50B
16:30 PM ET API Weekly Crude Oil Stock, -2.428M

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