Dow stocks hitting 52-week highs includes American Express (AXP) 276.52 (+0.13%), Goldman Sachs (GS) 522.75 (+1.25%), IBM (IBM) 235.26 (+0.86%), McDonald’s (MCD) 309.84 (+1.57%) and UnitedHealth (UNH) 605.40 (+1.23%). Dow stock 52-week lows include Boeing (BA) 148.99 (-1.34%).

The Market

Premarket today, the Dow was indicated to be down -198 points.

Monday the Dow closed up 201.36 (+0.47%) at 43,065.22.

Year-to-date the Dow is up +14.26%.

Monday, (21) Dow stocks were up, (1) made 52-week lows, and (5) made 52-week highs.

The Dow stock winners Monday were led by Apple (AAPL) 231.30 (+1.65%), McDonald’s (MCD) 309.84 (+1.57%) and Travelers (TRV) 240.12 (+1.50%).

The Dow stock losers Monday were led by Caterpillar (CAT) 393.95 (-2.01%), Boeing (BA) 148.99 (-1.34%) and Amgen (AMGN) 324.62 (-1.14%).

The VIX closed Monday at 19.70 (-3.71%) and the 10 YR at 4.095 (-0.36%). The VIX is currently at 19.57 (-0.66%). The 10YR is at 4.048 (-1.51%).

The Dow hit a new high yesterday to finish above the 43,000 mark for the first time.

UnitedHealth (UNH) shares were down despite the company posting an earnings and revenue beat.

Manufacturing activity in New York unexpectedly declined in October, according to a Federal Reserve report Tuesday. The New York Fed’s Empire State Manufacturing Index turned in a reading of -11.9 on the month for general business conditions, a decline of 23.4 points from September and well below the consensus estimate. The index measures the percentage difference between companies reporting expansion against contraction. Elsewhere in the survey, new orders plunged to -10.2 while shipments tumbled to -2.7 as both indexes showed declines of around 20 points. Also, the prices paid and received indexes both showed upticks, though employment rose 9.8 points to 4.1. While the headline index slumped, the expectations index for activity six months ahead rose to 38.7, an increase of 8.1 points.

Johnson & Johnson (JNJ) reported third-quarter financial results before the bell that beat expectations. Adjusted earnings per share came in at $2.42, topping the $2.21 expected from analysts. Its revenue was $22.47 billion, versus the $22.16 billion consensus estimate. The pharma giant also increased its full-year operational sales guidance to between $89.4 billion and $89.8 billion from its prior guidance of $89.2 billion and $89.6 billion. However, Johnson & Johnson lowered its full year adjusted EPS guidance to between $9.88 and $9.98 from its previous guidance of between $9.97 and $10.07. Shares of Johnson & Johnson were down about 1% in premarket trading.

U.S. crude oil futures sold off 4% on Tuesday, as a looming surplus next year overshadows the risk of a supply disruption in the Middle East. U.S. crude oil was down $3.01, or 4.08%, to $70.82 per barrel at 7:42 a.m. ET. Global benchmark Brent pulled back $2.94, or 3.8%, to $74.52 per barrel.

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

The national average price of gasoline is unchanged at $3.203 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 10/1/24 after the market close with $0.70, beating estimates for $0.514 per share.

JPMorgan (JPM) reported earnings on 10/11/24 before the market open with $4.37, beating estimates of $4.01 per share.

Goldman Sachs (GS) reports earnings on 10/15/24 before the market open.

Johnson & Johnson (JNJ) reported earnings on 10/15/24 before the market open with $2.41, beating estimates for $2.217 per share.

UnitedHealth (UNH) reported earnings on 10/15/24 before the market open with $7.15, beating estimates for $7.015per share.

Travelers (TRV) reports earnings on 10/17/24 before the market open.

American Express (AXP) reports earnings on 10/18/24 before the market open.

Procter & Gamble (PG) reports earnings on 10/18/24 before the market open.

Verizon (VZ) reports earnings on 10/22/24 before the market open.

Microsoft (MSFT) reports earnings on 10/22/24 after the market close.

Visa (V) reports earnings on 10/22/24 after the market close.

Boeing (BA) reports earnings on 10/23/24 before the market open.

Coca Cola (KO) reports earnings on 10/23/24 before the market open.

IBM (IBM) reports earnings on 10/23/24 after the market close.

Dow (DOW) reports earnings on 10/24/24 before the market open.

Honeywell (HON) reports earnings on 10/24/24 before the market open.

Amazon (AMZN) reports earnings on 10/24/24 after the market close.

3M (MMM) reports earnings on 10/29/24 before the market open.

McDonald’s (MCD) reports earnings on 10/29/24 before the market open.

Amgen (AMGN) reports earnings on 10/30/24 after the market close.

Intel (INTC) reports earnings on 10/31/24 after the market close.

Merck (MRK) reports earnings on 10/31/24 before the market open.

Apple) reports earnings on 10/31/24 after the market close.

Chevron (CVX) reports earnings on 11/01/24 before the market open.

Caterpillar (CAT) reports earnings on 11/05/24 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 605.40 (+1.23%) is up +14.99% in 2024.

Financial Calendar

05:00 AM ET IEA Monthly Report
08:00 AM ET Milk Auctions, 3,851.0
08:30 AM ET NY Empire State Manufacturing Index (Oct), 3.40, 11.50
08:55 AM ET Redbook (YoY), 5.4%
11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations (Sep), 3.0%
11:30 AM ET 3-Month Bill Auction, 4.550%
11:30 AM ET 6-Month Bill Auction, 4.305%
11:30 AM ET FOMC Member Daly Speaks
13:05 PM ET FOMC Member Kugler Speaks
14:00 PM ET Federal Budget Balance (Sep), 61.0B, -380.0B
19:00 PM ET FOMC Member Bostic Speaks