There are no Dow stocks at 52 week highs.Dow stock 52 week lows include AAPL, AXP, BA, CAT, CVX, DD, GE, IBM, INTC, JNJ, JPM, KO, MCD, MRK, MSFT, PG, UTX, VZ, WMT and XOM. That’s two-thirds of the Dow 30 stocks at year lows.
Premarket today, the Dow was indicated to open up +580 points.
Monday, the Dow was down -588.40 (-3.57%) at 15,871.35.
Year-to-date the Dow is down -10.95%.
There were no Dow stocks up Monday.
There were no Dow stock winners Monday
Dow stock losers Monday were led by JPMorgan (JPM) -5.27%, UnitedHealth (UNH) -5.03%, Cisco (CSCO) -4.84%, Chevron (CVX) -4.80% and Exxon Mobil (XOM) -4.73%. Also down more than 4% were GS, MCD, PFE and TRV.
China’s central bank cut its benchmark lending and deposit rates by 0.25 percentage point.
Apple (AAPL -2.50%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo.
JPMorgan Chase (JPM -5.27%) was upgraded to ‘Buy’ from ‘Outperform’ at CLSA.
European stocks are higher and Asian markets ended mixed.
The national average price of gasoline is down 1.8 cents at $2.577 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
United Technologies (UTX) is down -20.98% year-to-date.
0900 ET Jun FHFA house price index expected +0.4% m/m, May +0.4% m/m.
0900 ET Jun S&P CaseShiller composite-20 home price index expected +0.10% m/m and +5.10% y/y, May -0.18% m/m and +4.94% y/y.
0945 ET Aug Markit services PMI expected -0.6 to 55.1, Jul +0.9 to 55.7. Aug Markit composite PMI, Jul +1.1 to 5
1000 ET Jul new home sales expected +5.8% to 510,000, Jun -6.8% to 482,000.
1000 ET Aug consumer confidence (Conference Board) expected +2.5 to 93.4, Jul -8.9 to 90.9.
1000 ET Aug Richmond Fed manufacturing index expected -3 to 10, Jul +7 to 13.
1000 ET U.S. Congressional Budget Office releases budget and economic outlook.
1300 ET Treasury auctions $26 billion of 2-year T-notes.