DJIA Market Happenings For Wednesday, September 2, 2020

There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Walgreens (WBA) 36.76 (-3.31%).

The Market

Premarket today, the Dow was indicated to open up +134 points.

Tuesday the Dow was up +215.61 (+0.76%) at 28,645.66.

Year-to-date the Dow is up +0.38%.

There were 17 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Walmart (WMT) 147.59 (+6.29%), Dow (DOW) 47.27 (+4.77%) and Apple (AAPL) 134.18 (+3.98%).

The Dow stock losers Tuesday were led by Walgreens (WBA) 36.76 (-3.31%), Johnson & Johnson (JNJ) 151.52 (-1.23%) and Travelers (TRV) 114.69 (-1.16%).

The ADP employment report came in quite a lot worse than expected. Economists had predicted 950,000 new jobs in the private payrolls report for August, but ADP reported just 428,000 jobs were added last month. Friday we get the government Jobs Report

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $2.234 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 50.79 (-0.31%) is down -15.14% year-to-date. Intel (INTC) YTD low was 43.63 on 3/16/2020. Intel has provided a +16.41% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

10:00 AM ET Factory Orders

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

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