The Dow Market Happenings For Wednesday, August 26, 2020

Dow stocks hitting 52 week highs include Nike (NKE) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -7 points.

Tuesday the Dow was down -60.02 (-0.21%) at 28,248.44.

Year-to-date the Dow is down -1.02%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Microsoft (MSFT) 216.47 (+1.30%), UnitedHealth (UNH) 312.22 (+1.09%) and Visa (V) 208.10 (+0.82%).

The Dow stock losers Tuesday were led by Exxon Mobil (XOM) 40.88 (-3.17%), Boeing (BA) 174.73 (-1.99%) and Raytheon Technologies (RTX) 60.95 (-1.50%).

Shares of Exxon Mobil, Pfizer and Raytheon Technologies all slipped in their first trading after an announcement that they’ll drop out of the Dow Jones Industrial Average before trading opens next Monday. Exxon has been the longest-running member of the blue-chip stock measure. It was first added in 1928 when it was still named Standard Oil of New Jersey.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is up 1.7 cents at $2.208 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 206.00 (-0.65%) is down -10.41% year-to-date. Goldman Sachs (GS) YTD low was 130.85 on 3/16/2020. Goldman Sachs has provided a +57.43% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Durable Goods Orders

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

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

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