Dow stocks hitting 52-week highs include Amgen (AMGN) 334.30 (-0.39%) and Coca Cola (KO) 66.07 (+0.40%). Dow stock 52-week lows include Nike (NKE) 71.41 (+0.45%).

The Market

Premarket today, the Dow was indicated to be up +235 points.

Thursday the Dow closed up +81.20 (+0.20%) at 39,935.07.

Year-to-date the Dow is up +5.96%.

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

The Dow stock winners Thursday were led by IBM (IBM) 191.98 (+4.33%), Salesforce (CRM) 256.52 (+2.70%) and Caterpillar (CAT) 344.30 (+2.46%).

The Dow stock losers Thursday were led by Honeywell (HON) 202.45 (-5.24%), Microsoft (MSFT)418.40 (-2.45%) and Intel (INTC) 31.10 (-1.89%).

The VIX closed Thursday at 18.46 (+2.33%) and the 10 YR at 4.244 (-0.31%). The VIX is currently at 17.54 (-4.98%). The 10YR is at 4.207 (-1.17%).

The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with estimates, the Commerce Department reported Friday. The year-over-year gain in May was 2.6%, while the monthly measure was unchanged. Fed officials use the PCE measure as their main baseline to gauge inflation, which continues to run above the central bank’s 2% long-range target. Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year, both also in line with expectations. Policymakers tend to focus even more on core as a better gauge of longer-run trends as gas and groceries costs tend to fluctuate more than other items. Goods prices fell 0.2% on the month, while services increased 0.2%. Housing-related prices in June rose 0.3%, a slight deceleration from the 0.4% increase in each of the last three months and the smallest monthly gain going back at least to January 2023. The report also indicated that personal income rose just 0.2%, below the 0.4% estimate. Spending increased 0.3%, meeting the forecast.

Looks like and up day today.

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

The national average price of gasoline is down two-tenths of a cent at $3.519 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) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reported earnings on 7/19/24 before the market open with $2.51, beating estimates for $2.224 per share.

Verizon (VZ) reported earnings on 7/22/24 before the market open with $1.15, beating estimates for $1.141 per share.

Coca Cola (KO) reported earnings on 7/23/24 before the market open with $0.84, beating estimates for $0.802 per share.

Visa (V) reported earnings on 7/23/24 after the market close with $2.42, beating estimates for $2.411 per share.

IBM (IBM) reported earnings on 7/24/24 after the market close with $2.43, beating estimates for $2.16 per share.

Dow (DOW) reported earnings on 7/25/24 before the market open with $0.68, missing estimates for $0.718 per share.

Honeywell (HON) reported earnings on 7/25/24 before the market open with $2.49, beating estimates for $2.418 per share.

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

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Boeing (BA) reports earnings on 7/31/24 before the market open.

Apple (AAPL) reports earnings on 8/1/24 after the market close.

Amazon (AMZN) reports earnings on 8/1/24 after the market close.

Intel (INTC) reports earnings on 8/1/24 after the market close.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 334.30 (-0.39%) is up +16.07% in 2024.

Financial Calendar

08:30 AM ET Core PCE Price Index (YoY) (Jun), 2.5%, 2.6%
08:30 AM ET Core PCE Price Index (MoM) (Jun), 0.2%, 0.1%
08:30 AM ET PCE price index (MoM) (Jun), 0.1%, 0.0%
08:30 AM ET PCE Price index (YoY) (Jun), 2.4%, 2.6%
08:30 AM ET Personal Income (MoM) (Jun), 0.4%, 0.5%
08:30 AM ET Personal Spending (MoM) (Jun), 0.3%, 0.2%
08:30 AM ET Real Personal Consumption (MoM) (Jun), 0.3%
09:00 AM ET Dallas Fed PCE (Jun), 1.40%
10:00 AM ET Michigan 1-Year Inflation Expectations (Jul), 2.9%, 2.9%
10:00 AM ET Michigan 5-Year Inflation Expectations (Jul), 2.9%, 2.9%
10:00 AM ET Michigan Consumer Expectations (Jul), 67.2, 67.2
10:00 AM ET Michigan Consumer Sentiment (Jul), 66.0, 66.0
10:00 AM ET Michigan Current Conditions (Jul), 64.1, 64.1
10:30 AM ET Atlanta Fed GDPNow (Q3)
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 477
13:00 PM ET U.S. Baker Hughes Total Rig Count, 586
15:30 PM ET CFTC Aluminium speculative net positions, 2.2K
15:30 PM ET CFTC Copper speculative net positions, 56.0K
15:30 PM ET CFTC Corn speculative net positions, -238.8K
15:30 PM ET CFTC Crude Oil speculative net positions, 287.6K
15:30 PM ET CFTC Gold speculative net positions, 254.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 5.2K
15:30 PM ET CFTC Natural Gas speculative net positions, -93.5K
15:30 PM ET CFTC S&P 500 speculative net positions, -55.0K
15:30 PM ET CFTC Silver speculative net positions, 61.1K
15:30 PM ET CFTC Soybeans speculative net positions, -161.5K
15:30 PM ET CFTC Wheat speculative net positions, -36.1K