The Dow Market Happenings For Tuesday, September 17, 2019

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -59 points.

Monday the Dow was down -142.70 (-0.52%) at 27,076.82.

Year-to-date the Dow is up +16.07%.

There were 7 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) +2.16%, Dow (DOW) +1.68% and Exxon Mobil (XOM) +1.50%.

The Dow stock losers Monday were led by Procter & Gamble (PG) -1.94%, Disney (DIS) -1.61% and Walmart (WMT) -1.58%.

The Fed begins its two-day FOMC meeting. Market expectations for no interest rate cut were rising from near zero particularly last week to about 34% odds.

One former and two current JPMorgan (JPM) traders were charged on Monday with market manipulation in precious-metals trading, the US Department of Justice said.

US oil producers in the S&P 500 surged on Monday as crude prices surged following a drone attack on Saudi Arabian facilities that wiped out 5% of the world’s supply. The sector jumped after Saturday drone strikes forced Saudi Arabia to shut down half its oil production. The price of crude oil spiked more than 20%, marking the biggest intraday increase since 1988. Though later stabilizing, the attacks have resulted in the highest oil prices since early July.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up 2.8 cents at $2.592 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/24/2019 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +13.96% year-to-date.

Financial Calendar

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Housing Market Index

4:00 PM ET Treasury International Capital

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