The US indices continue to see a lot of buying pressures over the longer-term, and now look like they could very well break much higher.
The earnings docket is in focus amid a slew of megacap reports , with a handful of Dow components stepping into the confessional as well.
Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent Dow's shares tumbling 6.3% in morning trading.
DOW faces headwinds from continued soft macroeconomic conditions and weaker prices, which weighed on its Q4 performance.
Ahead of Thursday's open, we see a drop in the blue-chip Dow index — perhaps a function of market participants spending more time with Big Tech stocks, many of which are posting, or have posted, earnings this week. The Dow has sold off -95 points at this hour, with the S&P +13 and the tech-heavy Nasdaq up an even +100.
Dow Inc. (NYSE:DOW ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Andrew Riker - VP, IR Jim Fitterling - Chairman and Chief Executive Officer Karen S. Carter - Chief Operating Officer Jeff Tate - Chief Financial Officer Conference Call Participants Vincent Andrews - Morgan Stanley Mike Sison - Wells Fargo Hassan Ahmed - Alembic Global Jeff Zekauskas - JPMorgan David Begleiter - Deutsche Bank Josh Spector - UBS Chris Parkinson - Wolfe Research Frank Mitsch - Fermium Research Patrick Cunningham - Citi Kevin McCarthy - Vertical Research Partners John Roberts - Mizuho Securities Duffy Fischer - Goldman Sachs Michael Leithead - Barclays Aleksey Yefremov - KeyBanc Operator Greetings, and welcome to the Dow Fourth Quarter 2024 Earnings Conference Call.
Dow (DOW -6.53%), a leading materials science company, released its earnings for the fourth quarter of 2024 on Jan. 30. The results highlighted a challenging quarter, with adjusted earnings per share (EPS) coming in at $0, missing analysts' estimates of $0.24.
Although the revenue and EPS for Dow Inc. (DOW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Thursday.
The US indices continue to see a lot of noisy trading, but somewhat positive behavior in the early hours of Thursday, which continues to see more of a “buy on the dips” area.
Dow Inc. (DOW) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.23. This compares to earnings of $0.43 per share a year ago.
The US indices look solid in the early hours of Wednesday, a day that will feature the Federal Reserve announcement on interest rates, and monetary policy later in the day.