The Dow Market Happenings For Wednesday, December 1, 2021 – Cisco (CSCO) +22.55% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Amgen (AMGN), Disney (DIS) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +328 points.

Tuesday the Dow closed down -652.22 (-1.86%) at 34,483.72.

Year-to-date the Dow is up +12.67%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were Apple (AAPL) 165.30 (+3.16%) and Merck (MRK) 74.91 (+0.03%).

The Dow stock losers Tuesday were led by Salesforce (CRM) 284.96 (-3.97%), Travelers 146.95 (-3.58%), American Express (AXP) 152.30 (-3.52%) and 3M (MMM) 170.04 (-3.51%).

Fed Chairman Jerome Powell goes before a House panel Wednesday, one day after telling senators that central bankers are expected to discuss speeding up their tapering of bond purchases as they battle rising inflation.

Bond yields moved higher Wednesday, with the 10-year Treasury yield back near 1.48% after falling Tuesday on fears the pandemic would stifle economic growth. ADP’s private payroll data showed U.S. companies added a better-than-expected 534,000 jobs in November, lower than October’s slightly downwardly revised 570,000.

U.S. oil prices rebounded more than 4.5% on Wednesday, one day after falling over 5% on worries the omicron variant would curb demand. The American benchmark, West Texas Intermediate crude, dropped nearly 21% in November. OPEC and its international allies meet Thursday. Some analysts expect OPEC+ to pause plans to add 400,000 barrels per day of supply in January.

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

The national average price of gasoline is down five-tenths of a cent at $3.385 per gallon.

Earnings Reports

Salesforce (CRM) reports earnings on 11/30/2021 after the close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 54.84 (-1.65%) is up +22.55% in 2021.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:15 AM ET ADP Nonfarm Employment Change
09:45 AM ET Manufacturing PMI
10:00 AM ET Construction Spending
10:00 AM ET Fed Chair Powell Testifies
10:00 AM ET ISM Manufacturing Employment
10:00 AM ET ISM Manufacturing New Orders Index
10:00 AM ET ISM Manufacturing PMI
10:00 AM ET ISM Manufacturing Prices
10:00 AM ET Treasury Secretary Yellen Speaks
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates
10:30 AM ET Gasoline Inventories

DJIA Market Happenings For Tuesday, November 30, 2021 – Salesforce (CRM) +33.34% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Disney (DIS).

The Market

Premarket today, the Dow was indicated to open down -284 points.

Monday the Dow closed up +236.40 (+0.68%) at 35,135.94.

Year-to-date the Dow is up +14.80%.

There were 18 Dow stocks up Monday.

The Dow stock winner Monday were led by Salesforce (CRM) 296.74 (+4.41%), UnitedHealth (UNH) 452.00 (+2.75%) and Intel (INTC) 50.00 (+2.50%).

The Dow stock losers Monday were led by Merck (MRK) 74.89 (-5.39%), Walmart (WMT) 142.63 (-1.57%) and Caterpillar (CAT) 195.92 (-1.41%).

Dow futures are down sharply as omicron fears resurface.

Federal Reserve Chairman Jerome Powell, according to prepared remarks, is set to tell a Senate Banking Committee hearing Tuesday he believes the omicron variant and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.” Treasury Secretary Janet Yellen joins Powell for their quarterly report to Congress as part of the March 2020 Covid economic relief legislation. They go before the House Financial Services Committee on Wednesday.

President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of omicron. The U.S. on Monday began to temporarily bar visitors from South Africa, where scientists first reported the strain, and from Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi.

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

The national average price of gasoline is down four-tenths of a cent at $3.390 per gallon.

Earnings Reports

Salesforce (CRM) reports earnings on 11/30/2021 after the close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 296.74 (+4.41%) is up +33.34% in 2021.

Financial Calendar

08:55 AM ET Redbook (YoY)
09:00 AM ET House Price Index (YoY)
09:00 AM ET House Price Index (MoM)
09:00 AM ET House Price Index
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY)
09:45 AM ET Chicago PMI
10:00 AM ET CB Consumer Confidence
10:00 AM ET Fed Chair Powell Testifies
10:00 AM ET Treasury Secretary Yellen Speaks
10:30 AM ET Dallas Fed Services Revenues
10:30 AM ET FOMC Member Williams Speaks
10:30 AM ET Texas Services Sector Outlook
11:30 AM ET 52-Week Bill Auction
12:00 PM ET German Buba Vice President Buch Speaks
13:00 PM ET FOMC Member Clarida Speaks
16:30 PM ET API Weekly Crude Oil Stock

The Dow Market Happenings For Monday, November 29, 2021 – Caterpillar (CAT) +9.18% YTD


Dow stocks hitting 52-week highs include Procter & Gamble (PG). Dow stock 52-week lows include Disney (DIS), IBM (IBM) and Visa (V).

The Market

Premarket today, the Dow was indicated to open up +353 points.

Friday the Dow closed down -905.04 (-2.53%) at 34,899.34%.

Year-to-date the Dow is up +14.03%.

There was 1 Dow stock up Friday.

The Dow stock winner Friday was Verizon (VZ) 51.80 (+0.27%).

The Dow stock losers Friday were led by American Express (AXP) 156.82 (-8.62%), Boeing (BA) 199.21 (-5.41%), Caterpillar (CAT) 198.73 (-4.03%), Merck (MRK) 79.16 (-3.79%), Travelers (TRV) 153.66 (-3.34%) and Apple (AAPL) 156.81 (-3.17%).

The Dow, after Friday’s plunge, is set to bounce big to start the week as investors monitor the highly mutated Covid omicron variant.

The 10-year Treasury yield was up to over 1.54% and U.S. oil prices were up 5% to more than $71 per barrel.

White House chief medical advisor Dr. Anthony Fauci said Sunday that Americans need to be prepared to do “anything and everything” to fight omicron. The variant has several mutations to the spike protein that allows the virus to enter the body, and some of those mutations could lead to increased antibody resistance and transmissibility. However, Fauci said it will take about two weeks to have more definitive information on omicron’s transmissibility, severity and other characteristics.

The WHO urged countries around the world not to impose flight bans on southern African nations due to concerns over omicron. The U.S. plans to restrict travel for non-U.S. citizens from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi. The variant has been found in the U.K., Israel, Belgium, the Netherlands, Germany, Italy, Australia and Hong Kong. However, omicron has yet to be found in America. Fearing new travel bans, airline stocks were crushed Friday. But they were bouncing higher in Monday’s premarket trading, along with the broader strength in stocks.

Vaccine makers, including Moderna, Pfizer and Johnson & Johnson, said they’re studying omicron even as it remains to be seen how the variant responds to current shots or whether new formulations are required. Moderna said it could roll out a reformulated vaccine early next year.

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

The national average price of gasoline is unchanged at $3.394 per gallon.

Earnings Reports

Salesforce (CRM) reports earnings on 11/30/2021 after the close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 198.73 (-4.03%) is up +9.18% in 2021.

Financial Calendar

10:00 AM ET Fed Chair Powell Testifies
10:00 AM ET Pending Home Sales (MoM)
10:00 AM ET Pending Home Sales Index
10:00 AM ET Treasury Secretary Yellen Speaks
10:30 AM ET Dallas Fed Mfg Business Index
10:30 AM ET FOMC Member Williams Speaks
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
13:00 PM ET FOMC Member Clarida Speaks
15:00 PM ET FOMC Member Williams Speaks
15:05 PM ET FOMC Member Powell Speaks
17:05 PM ET FOMC Member Bowman Speaks