The Dow Market Happenings For Thursday, June 20, 2024 – Salesforce (CRM) 231.81 Down -11.91% YTD

Dow stocks hitting 52-week highs include Honeywell (HON) 212.87 (+0.43%) and Walmart (WMT) 67.60 (+0.27%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -43 points.

Tuesday the Dow closed up +56.76 (+0.15%) at 38,834.86.

Year-to-date the Dow is up +3.04%.

Tuesday, (20) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) 457.43 (+1.61%), Verizon (VZ) 40.08 (+1.57%) and Home Depot (HD) 353.87 (+1.25%).

The Dow stock losers Tuesday were led by Boeing (BA) 174.99 (-1.391%), UnitedHealth (UNH) 481.05 (-1.67%) and Intel (INTC) 30.63 (-1.13%).

The VIX closed Tuesday at 12.30 (-3.53%) and the 10 YR at 4.225 (+0.24%). The VIX is currently at 12.56 (+2.11%). The 10YR is at 4.277 (+1.47%).

Initial unemployment claims were higher than expected last week. First-time filings for jobless benefits totaled 238,000 for the week ended June 15, down 5,000 from the previous week but above the 235,000 Dow Jones estimate. Continuing claims totaled 1.828 million, up 15,000.

Housing starts in May totaled 1.277 million, a 5.5% decrease and below the 1.38 million estimate. Building permits totaled 1.386 million, a 3.8% decline from a month ago and short of the 1.45 million forecast.

The Philadelphia Federal Reserve Manufacturing Index for June was at 1.3 in June, down from 4.5 in May and below the 5.0 estimate. Prices indexes rose while employment improved but was still negative.

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

The national average price of gasoline is up six-tenths of a cent at $3.455 per gallon.

Earnings Reports

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

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/24 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 231.81 (+0.58%) is down -11.91% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.02%
07:00 AM ET MBA Mortgage Applications (WoW), 15.6%
07:00 AM ET MBA Purchase Index, 143.7
07:00 AM ET Mortgage Market Index, 208.5
07:00 AM ET Mortgage Refinance Index, 554.7
10:00 AM ET NAHB Housing Market Index (Jun), 45, 45

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