The Dow Market Happenings For Monday, January 11, 2021

Dow stocks hitting 52 week highs include Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -305 points.

Friday the Dow was up +56.84 (+0.18%) at 31,097.97.

Year-to-date the Dow is up +1.61%.

There were 16 Dow stocks up Friday.

The Dow stock winners Friday were led by Coca Cola (KO) 51.08 (+2.24%), Amgen (AMGN) 238.49 (+1.91%) and Salesforce (CRM) 222.04 (+1.86%).

The Dow stock losers Friday were led by 3M (MMM) 166.62 (-1.83%), Boeing (BA) 209.90 (-1.32%) and Verizon (VZ) 57.80 (-1.25%).

Dow futures are down about 300 points Monday after the the Dow Jones Industrial Average, S&P 500 and Nasdaq closed at record highs Friday.

House Democratic leadership will seek a vote on a resolution calling on Vice President Mike Pence and Cabinet officials to invoke the 25th Amendment and remove President Donald Trump from office, with a full House vote expected Tuesday. After that, Pence and the Cabinet would have 24 hours to act before the House would move toward impeachment. Two Republicans senators, Pat Toomey from Pennsylvania and Lisa Murkowski from Alaska, said Trump needs to go as soon as possible.

Twitter issued a permanent suspension of Trump’s @realDonaldTrump account. Twitter said Friday it took the action due to the risk of further incitement of violence after Wednesday’s Capitol siege. Also last week, Facebook and its Instagram unit blocked the outgoing president’s accounts indefinitely.

Apple and Alphabet’s Google removed Parler from their app stores, and Amazon Web Services stopped hosting the social media operation favored by right-wing extremists after some rioters used the service to promote the Capitol attack.

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

The national average price of gasoline is up five-tenths of a cent at $2.318 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) will report earnings on 1/15/2021 before the market open.

Goldman Sachs (GS) will report earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) will report earnings on 1/20/2021 before the market open.

UnitedHealth (UNH) will report earnings on 1/20/2021 before the market open.

Coca Cola (KO) will report earnings on 1/21/2021 before the market open.

Travelers (TRV) will report earnings on 1/21/2021 before the market open.

Intel (INTC) will report earnings on 1/21/2021 after the market close.

IBM (IBM) will report earnings on 1/21/2021 after the market close.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 51.65 (-1.03%) is up +1.04% in 2021.

Financial Calendar

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

1:00 PM ET 3-Yr Note Auction

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