The Dow Market Happenings For Thursday, April 2, 2020

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 -62 points.

Wednesday the Dow was down -973.65 (-4.44%) at 20,943.51.

Year-to-date the Dow is down -26.61%.

There was 1 Dow stock up Wednesday.

The lone Dow stock winner Wednesday was Walmart (WMT) +0.46%.

The Dow stock losers Wednesday were led by Boeing (BA) -12.36%, American Express (AXP) -9.08%, Dow (DOW) -7.52%, JPMorgan (JPM) -6.30% and Goldman Sachs (GS) -6.02%.

Unemployment insurance weekly claims in the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week’s revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week’s level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week’s revised average. The previous week’s average was revised up by 6,000 from 998,250 to 1,004,250. The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending March 21, an
increase of 0.9 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 21 was 3,029,000, an increase of 1,245,000 from the previous
week’s revised level. This is the highest level for insured unemployment since July 6, 2013 when it was 3,079,000. The previous week’s level was revised down by 19,000 from 1,803,000 to 1,784,000. The 4-week moving average was
2,053,500, an increase of 327,250 from the previous week’s revised average. This is the highest level for this average since January 14, 2017 when it was 2,062,000. The previous week’s average was revised down by 4,750 from 1,731,000 to 1,726,250.

Friday we get the US Jobs Report.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down 1.4 cents at $1.970 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/24/2020 after the market close of $0.53, missing estimates calling for $0.618 per share.

Walgreens (WBA) reports earnings on 4/2/2020 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/14/20 before the market open.

JPMorgan (JPM) reports earnings on 4/14/20 before the market open.

Goldman Sachs (GS) reports earnings on 4/15/20 before the market open.

UnitedHealth (UNH) reports earnings on 4/15/20 before the market open.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is down -27.46% year-to-date (down -42.33% from 2/11/20 YTD high of 158.44). United Technologies (UTX) YTD low was 69.02 on 3/18/20.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET International Trade

10:00 AM ET Factory Orders

10:00 AM ET Jobless Claims

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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