DJIA Market Happenings For Monday, October 5, 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 +223 points.

Friday the Dow was down -134.09 (-0.48%) at 27,682.81.

Year-to-date the Dow is down -3.00%.

There were 13 Dow stocks up Friday.

The Dow stock winners Friday were led by Dow (DOW) 47.31 (+2.60%), Caterpillar (CAT) 149.94 (+2.20%) and McDonald’s (MCD) 222.67 (+1.40%).

The Dow stock losers Friday were led by Amgen (AMGN) 245.41 (-3.91%), Apple (AAPL) 113.02 (-3.23%) and Microsoft (MSFT) 206.19 (-2.95%).

Coca Cola (KO) is discontinuing its Zico coconut water brand and considering axing some less-popular versions of Coke and Diet Coke as it slashes its product offerings in response to the coronavirus pandemic.

The Dow Jones Industrial Average looks set for a higher open as the stock market bets that a Covid relief package will get done.

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

The national average price of gasoline is down one-tenth of a cent at $2.186 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reports earnings on Tuesday 10/13/2020 before the market open.

JPMorgan (JPM) 96.27 (+0.96%) reports earnings on Tuesday 10/13/2020 before the market open.

Goldman Sachs (GS) reports earnings on Wednesday 10/14/2020 before the market open.

UnitedHealth (UNH) reports earnings on Wednesday 10/14/2020 before the market open.

Walgreens (WBA) reports earnings on Thursday 10/15/2020 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 38.27 (-1.37%) is down -20.20% year-to-date. Cisco (CSCO) YTD low was 32.40 on 3/16/2020. Cisco has provided a +18.12% gain off the YTD low.

Financial Calendar

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

12:30 PM ET Investor Movement Index

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