The Dow Market Happenings For Tuesday, September 22, 2020

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

The Market

Premarket today, the Dow was indicated to open up +11 points.

Monday the Dow was down -509.72 (-1.84%) at 27,147.70.

Year-to-date the Dow is down -4.87%.

There were 4 Dow stocks up Monday.

The Dow stock winners Monday were led by Apple (AAPL) 110.08 (+3.03%), Walmart (WMT) 137.07 (+1.32%) and Microsoft (MSFT) 202.54 (+1.07%).

The Dow stock losers Monday were led by American Express (AXP) 98.17 (-5.09%), Dow (DOW) 47.91 (-4.88%) and 3M (MMM) 161.36 (-4.83%).

A late-session turnaround in tech stocks Monday, led by Apple, helped the Dow Jones Industrial Average cut a nearly 1,000 point decline almost in half and nearly lifted the Nasdaq into positive territory.

Federal Reserve Chairman Jerome Powell, in prepared testimony for Tuesday’s House Financial Services Committee hearing, pledged continued support for an economy that he said has shown substantial improvement since the depths of the coronavirus pandemic lockdown but still needs more work. Powell also appears before House Select Subcommittee on the Coronavirus Crisis on Wednesday and the Senate Banking Committee on Thursday.

Total coronavirus deaths in the U.S. were nearing 200,000 on Tuesday, according to data from Johns Hopkins University. New cases on Monday exceeded 52,000, the highest daily total since Aug. 14. As the coronavirus surge in Europe intensifies, British Prime Minister Boris Johnson announced Tuesday a tightening of mitigation efforts but stopped short of reimposing a full lockdown. Just weeks after urging people to start returning to their offices, Johnson is now advising them to work from home if they can.

Nike (NKE) reports its fiscal first-quarter earnings after today’s close.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $2.183 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 194.83 (-2.92%) is down -2.92% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. Verizon has provided a +22.05% gain off the YTD low.

Financial Calendar

8:55 AM ET Redbook

10:00 AM ET Existing Home Sales

10:00 AM ET Richmond Fed Manufacturing Index

10:30 AM ET Jerome Powell Speaks

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 2-Yr Note Auction

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