The Dow Market Happenings For Tuesday, July 2, 2024 – IBM (IBM) 175.10 Up +7.06% YTD

Dow stocks hitting 52-week highs include JPMorgan (JPM) 205.45 (+1.58%) and Microsoft (MSFT) 456.73 (+2.19%). Dow stock 52-week lows include Nike (NKE) 76.83 (+1.94%).

The Market

Premarket today, the Dow was indicated to be down -104 points.

Monday the Dow closed up +50.66 (+0.13%) at 39,169.52.

Year-to-date the Dow is up +3.93%.

Monday, (15) Dow stocks were up, (1) made 52-week lows and (2) made 52-week highs.

The Dow stock winners Monday were led by Merck (MRK) 127.90 (+3.31%), Apple (AAPL) 216.75 (+2.91%) and Boeing (BA) 186.70 (+2.58%).

The Dow stock losers Monday were led by UnitedHealth (UNH) 494.65 (-2.87%), Home Depot (HD) 336.19 (-2.34%) and McDonald’s (MCD) 249.99 (-1.90%).

The VIX closed Thursday at 12.22 (-1.77%) and the 10 YR at 4.443 (-0.65%). The VIX is currently at 12.58 (+2.95%). The 10YR is at 4.417 (-1.23%).

Federal Reserve Chair Jerome Powell speaks Tuesday at 9:30 a.m. ET before a policy panel at the European Central Bank Forum. The central bank leader will be part of a panel discussion and will not be issuing prepared remarks beforehand.

The May job openings and labor turnover report is also due out today at 7 am PST. Economists anticipate the number of job openings last month to be 7.9 million, down from 8.1 million in April.

Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report.

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

The national average price of gasoline is up one cent at $3.501 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.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 175.10 (+1.24%) is up +7.06% in 2024.

Financial Calendar

08:55 AM ET Redbook (YoY), 5.3%
09:30 AM ET Fed Chair Powell Speaks
10:00 AM ET JOLTs Job Openings (May), 7.860M, 8.059M
10:00 AM ET Total Vehicle Sales, 15.90M, 15.90M
10:10 AM ET IBD/TIPP Economic Optimism, 41.2, 40.5
16:30 PM ET API Weekly Crude Oil Stock, 0.914M

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