DJIA Market Happenings For Friday, October 9, 2020

Dow stocks hitting 52 week highs included Caterpillar (CAT), Nike (NKE), Procter & Gamble (PG) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +145 points.

Thursday the Dow was up +122.05 (+0.43%) at 28,425.51.

Year-to-date the Dow is down -0.40%.

There were 25 Dow stocks up Thursday.

The Dow stock winners Thursday were led by IBM (IBM) 131.49 (+5.98%), American Express (AXP) 106.06 (+3.02%) and Dow (DOW) 49.38 (+2.24%).

The Dow stock losers Thursday were led by Amgen (AMGN) 240.09 (-6.82%), McDonald’s (MCD) 225.80 (-0.30%) and Nike (NKE) 129.71 (-0.27%).

Stocks are set to open higher as stimulus talks resume, again. In a tweet after the market closed, Pelosi’s deputy chief of staff also said Mnuchin made clear President Donald Trump’s “interest in reaching such an agreement.” That tweet came after Pelosi told reporters that she would not back aid to U.S. airlines without a broader stimulus package.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $2.189 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.

IBM (IBM) reports earnings on Monday 10/19/2020 after the market close.

Procter & Gamble (PG) reports earnings on Tuesday 10/20/2020 before the market open.

Travelers (TRV) reports earnings on Tuesday 10/20/2020 before the market open.

Verizon (VZ) reports earnings on Wednesday 10/21/2020 before the market open.

Microsoft (MSFT) reports earnings on Wednesday 10/21/2020 after the market close.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 207.98 (+2.15%) is down -9.55% year-to-date. Goldman Sachs (GS) YTD low was 130.85 on 3/19/2020. Goldman Sachs has provided a +58.95% gain off the YTD low.

Financial Calendar

10:00 AM ET Wholesale Inventories (Preliminary)

1:00 PM ET Baker Hughes Rig Count

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