DJIA Market Happenings For Friday, June 14, 2024 – American Express (AXP) 222.19 Up +18.60% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 45.52 (-0.22%).

The Market

Premarket today, the Dow was indicated to be down -275 points.

Thursday the Dow closed down -45.11 (-0.17%) at 38,647.10.

Year-to-date the Dow is up +2.54%.

Thursday, (15) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Thursday were led by JPMorgan (JPM) 193.66 (+1.09%), Home Depot (HD) 347.88 (+1.09%) and UnitedHealth (UNH) 497.30 (+0.86%).

The Dow stock losers Thursday were led by Salesforce (CRM) 229.03 (-2.87%), Amazon (AMZN) 183.83 (-1.64%) and Boeing (BA) 180.70 (-1.08%).

The VIX closed Thursday at 11.94 (-0.83%) and the 10 YR at 4.266 (+0.76%). The VIX is currently at 12.71 (+6.45%). The 10YR is at 4.215 (-0.45%).

More evidence of a pullback in inflation came in May as prices for both imports and exports fell, the Bureau of Labor Statistics reported Friday. Import prices declined 0.4%, against the Dow Jones estimate for no change and a switch from the 0.9% jump in April. Export prices declined 0.6% after rising 0.6% the prior month. A 2% decline in fuel costs helped bring prices down, but food, feed and beverage prices also fell 1.6%.

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

The national average price of gasoline is up six-tenths of a cent at $3.460 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 222.19 (-0.83%) is up +18.60% in 2024.

Financial Calendar

08:30 AM ET Export Price Index (YoY), -1.0%
08:30 AM ET Export Price Index (MoM) (May), 0.0%, 0.5%
08:30 AM ET Import Price Index (MoM) (May), 0.0%, 0.9%
08:30 AM ET Import Price Index (YoY), 1.1%
10:00 AM ET Michigan 1-Year Inflation Expectations (Jun), 3.3%
10:00 AM ET Michigan 5-Year Inflation Expectations (Jun), 3.0%
10:00 AM ET Michigan Consumer Expectations (Jun), 70.0, 68.8
10:00 AM ET Michigan Consumer Sentiment (Jun), 72.1, 69.1
10:00 AM ET Michigan Current Conditions (Jun), 71.0, 69.6
11:00 AM ET Fed Monetary Policy Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 492
13:00 PM ET U.S. Baker Hughes Total Rig Count, 594
14:00 PM ET Fed Goolsbee Speaks
15:30 PM ET CFTC Aluminium speculative net positions, 1.0K
15:30 PM ET CFTC Copper speculative net positions, 61.1K
15:30 PM ET CFTC Corn speculative net positions, -119.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 210.7K
15:30 PM ET CFTC Gold speculative net positions, 237.3K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 2.0K
15:30 PM ET CFTC Natural Gas speculative net positions, -99.7K
15:30 PM ET CFTC S&P 500 speculative net positions, -65.0K
15:30 PM ET CFTC Silver speculative net positions, 56.4K
15:30 PM ET CFTC Soybeans speculative net positions, -52.0K
15:30 PM ET CFTC Wheat speculative net positions, -18.1K

Dow 30 Components Closing Prices For Thursday, June 13, 2024

Dow 30 Components Closing Prices Thursday 06/13/2024

Symbol, Last, Net Chng, %Change
AAPL,214.24,+1.17,+0.55%
AMGN,298.50,-2.58,-0.86%
AMZN,183.83,-3.06,-1.64%
AXP,222.19,-1.85,-0.83%
BA,180.70,-1.97,-1.08%
CAT,326.36,-2.37,-0.72%
CRM,229.03,-6.77,-2.87%
CSCO,45.52,-.10,-0.22%
CVX,152.84,-1.38,-0.89%
DIS,100.09,-.71,-0.70%
DOW,56.06,-.19,-0.34%
GS,446.35,-2.35,-0.52%
HD,347.88,+3.74,+1.09%
HON,208.63,+.13,+0.06%
IBM,169.12,+.12,+0.07%
INTC,30.46,-.30,-0.98%
JNJ,145.45,+.04,+0.03%
JPM,193.66,+2.13,+1.11%
KO,62.99,+.11,+0.17%
MCD,253.70,-.78,-0.31%
MMM,101.54,+.33,+0.33%
MRK,129.37,-.83,-0.64%
MSFT,441.58,+.52,+0.12%
NKE,94.18,+.50,+0.53%
PG,166.41,+1.23,+0.74%
TRV,207.07,-.19,-0.09%
UNH,497.30,+4.23,+0.86%
V,271.19,+.87,+0.32%
VZ,39.78,+.01,+0.03%
WMT,66.70,+.39,+0.59%

The Dow fell -0.17% today with (15) components up.

The Dow Market Happenings For Thursday, June 13, 2024 – Amazon (AMZN) 186.89 Up +23.00% YTD

Dow stocks hitting 52-week highs include Apple (AAPL) 213.07 (+2.86%), Honeywell (HON) 208.50 (-0.47%) and Microsoft (MSFT) 441.06 (+1.94%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -60 points.

Wednesday the Dow closed down -35.21 (-0.09%) at 38,712.21.

Year-to-date the Dow is up +2.71%.

Wednesday, (8) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Wednesday were led by Apple (AAPL) 213.07 (+2.86%), Home Depot (HD) 344.14 (+2.51%) and Microsoft (MSFT) 441.06 (+1.94%).

The Dow stock losers Wednesday were led by Nike (NKE) 93.68 (-2.38%), Salesforce (CRM) 235.80 (-2.15%) and Verizon (VZ) 39.77 (-1.61%).

The VIX closed Wednesday at 12.04 (-6.30%) and the 10 YR at 4.308 (+0.42%). The VIX is currently at 13.37 (-3.74%). The 10YR is at 4.297 (-2.34%).

Yesterday, the Federal Reserve signaled that it’s expecting just one rate cut before the end of the year. That’s down from three rate cuts the Federal Open Market Committee had indicated in March. The central bank also kept its key interest rate unchanged, at a range of 5.25% to 5.5%. Meanwhile, the consumer price index released early Wednesday showed no increase in May, though it rose 3.3% from a year ago. Federal Reserve Chair Jerome Powell noted at a press conference that the CPI report showed progress but added “We don’t see ourselves as having the confidence that would warrant beginning to loosen policy at this time.”

This morning, the producer price index, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month, the Labor Department’s Bureau of Labor Statistics reported. That reversed a 0.5% increase in April and compared to the Dow Jones estimate for a 0.1% increase. Excluding food, energy and trade services, PPI was unchanged, compared to expectations for a 0.3% increase.

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

The national average price of gasoline is up six-tenths of a cent at $3.460 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Amazon (AMZN)

Amazon (AMZN) 186.89 (-0.18%) is up +23.00% in 2024.

Financial Calendar

08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (May), 0.4%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (May), 3.1%
08:30 AM ET Continuing Jobless Claims, 1,800K, 1,792K
08:30 AM ET Core PPI (YoY) (May), 2.4%, 2.4%
08:30 AM ET Core PPI (MoM) (May), 0.3%, 0.5%
08:30 AM ET Initial Jobless Claims, 225K, 229K
08:30 AM ET Jobless Claims 4-Week Avg., 222.25K
08:30 AM ET PPI (MoM) (May), 0.1%, 0.5%
08:30 AM ET PPI (YoY) (May), 2.5%, 2.2%
10:30 AM ET Natural Gas Storage, 75B, 98B
11:30 AM ET 4-Week Bill Auction, 5.270%
11:30 AM ET 8-Week Bill Auction, 5.265%
12:00 PM ET FOMC Member Williams Speaks
12:00 PM ET Treasury Secretary Yellen Speaks
13:00 PM ET 30-Year Bond Auction, 4.635%
16:30 PM ET Fed’s Balance Sheet, 7,256B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.458T