The Dow Market Happenings For Friday, June 28, 2024 – Home Depot (HD) 341.49 Down -1.46% YTD

Dow stocks hitting 52-week highs include Amazon (AMZN) 197.85 (+2.19%) and Microsoft (MSFT) 452.85 (+0.15%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +24 points.

Thursday the Dow closed up +36.26 (+0.09%) at 39,164.06.

Year-to-date the Dow is up +3.91%.

Thursday, (17) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Thursday were led by Salesforce (CRM) 252.85 (+3.99%), Boeing (BA) 182.51 (+2.25%) and Amazon (AMZN) 197.85 (+2.19%).

The Dow stock losers Thursday were led by Visa (V) 266.59 (-2.56%), Goldman Sachs (GS) 445.96 (-2.17%) and Merck (MRK) 129.82 (-1.28%).

The VIX closed Thursday at 12.24 (-2.47%) and the 10 YR at 4.283 (+0.12%). The VIX is currently at 12.36 (+0.98%). The 10YR is at 4.260 (-0.42%).

Inflation in May slowed to its lowest annual rate in more than three years, the Commerce Department reported on Friday. Core PCE rose just 0.1% last month and 2.6% from the prior year. Both estimates were in line with consensus estimates. The core PCE index is the Federal Reserve’s preferred inflation measure.

Nike (NKE) shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. The company now estimates that fiscal 2025 sales will fall in the mid-single digits.

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

The national average price of gasoline is unchanged at $3.503 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

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.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Verizon (VZ) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 341.49 (-0.10%) is down -1.46% in 2024.

Financial Calendar

06:40 AM ET FOMC Member Barkin Speaks
08:30 AM ET Core PCE Price Index (MoM) (May), 0.1%, 0.2%
08:30 AM ET Core PCE Price Index (YoY) (May), 2.6%, 2.8%
08:30 AM ET PCE Price index (YoY) (May), 2.6%, 2.7%
08:30 AM ET PCE price index (MoM) (May), 0.0%, 0.3%
08:30 AM ET Personal Income (MoM) (May), 0.4%, 0.3%
08:30 AM ET Personal Spending (MoM) (May), 0.3%, 0.2%
08:30 AM ET Real Personal Consumption (MoM) (May), -0.1%
09:00 AM ET Dallas Fed PCE (May), 2.70%
09:45 AM ET Chicago PMI (Jun), 39.7, 35.4
10:00 AM ET Michigan 1-Year Inflation Expectations (Jun), 3.3%, 3.3%
10:00 AM ET Michigan 5-Year Inflation Expectations (Jun), 3.1%, 3.0%
10:00 AM ET Michigan Consumer Expectations (Jun), 67.6, 68.8
10:00 AM ET Michigan Consumer Sentiment (Jun), 65.6, 69.1
10:00 AM ET Michigan Current Conditions (Jun), 62.5, 69.6
10:30 AM ET Atlanta Fed GDPNow (Q2), 2.7%, 2.7%
12:00 PM ET FOMC Member Bowman Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 485
13:00 PM ET U.S. Baker Hughes Total Rig Count, 588
15:30 PM ET CFTC Aluminium speculative net positions, 1.6K
15:30 PM ET CFTC Copper speculative net positions, 52.6K
15:30 PM ET CFTC Corn speculative net positions, -76.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 246.8K
15:30 PM ET CFTC Gold speculative net positions, 243.1K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, -3.8K
15:30 PM ET CFTC Natural Gas speculative net positions, -104.1K
15:30 PM ET CFTC S&P 500 speculative net positions, -114.1K
15:30 PM ET CFTC Silver speculative net positions, 51.9K
15:30 PM ET CFTC Soybeans speculative net positions, -74.3K
15:30 PM ET CFTC Wheat speculative net positions, -26.6K

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