The Dow Market Happenings For Monday, June 3, 2019

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include 3M (MMM) and Walgreens (WBA).

The Market

Premarket today, the Dow was indicated to open down -21 points.

Friday the Dow was down -354.84 (-1.41%) at 24,815.04.

Year-to-date the Dow is up +6.38%.

There was 1 Dow stock up Friday.

The Dow stock winner Friday was McDonald’s (MCD) +0.10%.

The Dow stock losers Friday were led by Verizon (VZ) -4.36%, Dow (DOW) -3.53%, Cisco (CSCO) -2.87%, Goldman Sachs (GS) -2.60% and Nike (NKE) -2.40%.

The 10-year yield slides to its lowest level in 21 months. The US 10-year yield is down 2.2 basis points at 2.10%, its lowest since September 2017.

Traders are more sure than ever that the Fed’s next move is a rate cut. Traders on Friday were pricing in a 50% chance that the Federal Reserve would cut rates at its July meeting and a 91.4% probability that the central bank would lower rates this year.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.813 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +22.28% year-to-date.

Financial Calendar

9:45 AM ET PMI Manufacturing Index

10:00 AM ET ISM Mfg Index

10:00 AM ET Construction Spending

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