Dow stocks hitting 52 week highs included McDonald’s (MCD) and Nike (NKE). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +195 points.
Tuesday the Dow was down -375.88 (-1.34%) at 27,772.76.
Year-to-date the Dow is down -2.68%.
There was 1 Dow stock up Tuesday.
The lone Dow stock winner Tuesday was Procter & Gamble (PG) 139.61 (+0.16%).
The Dow stock losers Tuesday were led by Boeing (BA) 159.54 (-6.81%), Apple (AAPL) 113.16 (-2.87%), Microsoft (MSFT) 205.91 (-2.12%), American Express (AXP) 101.76 (-2.05%) and Home Depot (HD) 276.47 (-2.00%).
Stocks collapsed Tuesday afternoon after Trump said he ordered an end to stimulus negotiations until after the November election. The Dow swung more than 600 points following the announcement and closed down -1.34%.
Hours before Trump tweeted, Federal Reserve Chair Jerome Powell warned of the risks of passing too little relief. An inadequate fiscal stimulus could give way to a “weak recovery” and create “unnecessary hardship for households and businesses,” the central-bank chief said in a Tuesday keynote speech to the National Association for Business Economics. Conversely, he said, the “risks of overdoing it seem, for now, to be smaller,” as extraneous stimulus funds would still be put to use.
In response to Trump’s demand for his team to call off stimulus negotiations, Pelosi said Tuesday the president was “putting himself first at the expense of the country.” Ms. Pelosi also accused him of showing “his contempt for science, his disdain for our heroes — in health care, first responders, sanitation, transportation, food workers, teachers and others.”
European stocks are mostly lower and Asian markets ended mostly lower.
The national average price of gasoline is up one-tenth of a cent at $2.183 per gallon.
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.
IBM (IBM) reports earnings on Monday 10/19/2020 after the market close.
Today’s Featured Dow Stock
Disney (DIS) 38.27 (-1.37%) is down -16.39% year-to-date. Disney (DIS) YTD low was 79.07 on 3/18/2020. Disney has provided a +52.94% gain off the YTD low.
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