DJIA Market Happenings For Wednesday, May 27, 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 up +334 points.

Tuesday the Dow was up +529.95 (+2.17%) at 24,995.11.

Year-to-date the Dow is down -12.42%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +8.96%, Raytheon Technologies (RTX) +7.45% and Dow (DOW) +7.39%

The Dow stock losers Tuesday were led by Microsoft (MSFT) -1.06%, Apple (AAPL) -0.68% and Procter & Gamble (PG) -0.51%.

Boeing (BA) plans to announce 2,500 voluntary layoffs this week, according to union officials. This would be the first phase of wider job cuts that Boeing has said will amount to about 10% of its workforce.

Disney (DIS) will submit a plan today to Orange County officials for reopening its Walt Disney World resort. Disney needs approval from the county and then from the governor before Walt Disney World can reopen.

Walmart (WMT) has struck a deal with second-hand apparel seller ThredUp, allowing customers to browse ThredUp offerings on its website and get free shipping if they spend $35 or more.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $1.964 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +7.86% year-to-date. Apple (AAPL) YTD low was 212.67 on 3/23/2020.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:55 AM ET Redbook

10:00 AM ET Richmond Fed Manufacturing Index

10:00 AM ET State Street Investor Confidence Index

11:00 AM ET Survey of Business Uncertainty

11:30 AM ET 2-Yr FRN Note Auction

1:00 PM ET 5-Yr Note Auction

2:00 PM ET Beige Book

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