DJIA Market Happenings For Tuesday, June 25, 2024 – Disney (DIS) 101.98 Up +12.95% YTD

Dow stocks hitting 52-week highs include Honeywell (HON) 215.89 (+0.37%), Merck (MRK) 132.96 (+1.71%), Microsoft (MSFT) 447.67 (-0.47%), Procter & Gamble (PG) 168.45 (+0.11%) and Walmart (WMT) 68.90 (+1.46%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -65 points.

Monday the Dow closed up +260.88 (+0.67%) at 39,411.21.

Year-to-date the Dow is up +4.57%.

Monday, (22) Dow stocks were up, none made 52-week lows and (5) made 52-week highs.

The Dow stock winners Monday were led by Amgen (AMGN) 318.15 (+3.24%), Goldman Sachs (GS) 462.09 (+2.65%) and Chevron (CVX) 159.31 (+2.60%).

The Dow stock losers Monday were led by Salesforce (CRM) 239.94 (-2.09%), Amazon (AMZN) 185.57 (-1.86%) and Intel (INTC) 30.57 (-1.67%).

The VIX closed Monday at 13.33 (+0.98%) and the 10 YR at 4.234 (-0.26%). The VIX is currently at 13.37 (+0.30%). The 10YR is at 4.253 (+0.19%).

Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding that she would be open to raising rates again if inflation doesn’t pull back.

Regulators at the European Union said Tuesday that Microsoft (MSFT) is breaching antitrust rules in the region with “abusive” bundling of Teams and Office. “The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365 and Microsoft 365,” the European Commission — the EU’s executive arm — said in a statement.

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

The national average price of gasoline is up 2.1 cents at $3.469 per gallon.

Earnings Reports

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

JPMorgan (JPM) reports earnings on 7/12/24 before the market open.

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.

Johnson & Johnson (JNJ) reports earnings on 7/17/24 before the market open.

American Express (AXP) reports earnings on 7/19/24 before the market open.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 101.98 (-0.28%) is up +12.95% in 2024.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (May), -0.23
08:55 AM ET Redbook (YoY), 5.9%
09:00 AM ET House Price Index (YoY) (Apr), 6.7%
09:00 AM ET House Price Index (MoM) (Apr), 0.5%, 0.1%
09:00 AM ET House Price Index (Apr), 423.4
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Apr), 0.3%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Apr), 1.6%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Apr), 7.0%, 7.4%
10:00 AM ET CB Consumer Confidence (Jun), 100.2, 102.0
10:00 AM ET Richmond Manufacturing Index (Jun), 2, 0
10:00 AM ET Richmond Manufacturing Shipments (Jun), 13
10:00 AM ET Richmond Services Index (Jun), 3
10:30 AM ET Dallas Fed Services Revenues (Jun), 6.7
10:30 AM ET Texas Services Sector Outlook (Jun), -12.1
12:00 PM ET Fed Governor Cook Speaks
13:00 PM ET 2-Year Note Auction, 4.917%
13:00 PM ET M2 Money Supply (MoM), 20.87T
14:15 PM ET FOMC Member Bowman Speaks
16:30 PM ET API Weekly Crude Oil Stock, 2.264M

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