The Dow Market Happenings For Friday, February 26, 2021

Dow stocks hitting 52 week highs include Chevron (CVX), Goldman Sachs (GS) and JPMorgan (JPM).

There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -21 points.

Thursday the Dow was down -559.85 (-1.75%) at 31,402.01.

Year-to-date the Dow is up +2.60%.

There were 3 Dow stocks up Thursday.

The Dow stock winners Thursday were 3M (MMM) 178.76 (+0.64%), Johnson & Johnson (JNJ) 162.76 (+0.10%) and Merck (MRK) 74.62 (+0.07%).

The Dow stock losers Thursday were led by Boeing (BA) 216.45 (-5.62%), Intel (INTC) 60.40 (-4.42%) and Salesforce (CRM) 231.08 (-3.90%). See Salesforce (CRM) earnings below.

The Dow Jones Industrial Average on Thursday sank 559 points, or 1.8%, from a record closing high the previous session. The Dow had its worst day in nearly a month because of the rapid rise in bond yields.

The 10-year Treasury yield retreated Friday morning, but remained above 1.4%, after surging to 1.6% in the previous session to its highest level since February 2020 and more than 0.5% higher since the end of January. The spike in the 10-year yield, which is used as a benchmark for mortgage rates and auto loans, has been driven by expectations of improving economic conditions as coronavirus vaccines are rolled out, as well as fears of higher inflation.

Democrats on Capitol Hill are trying to push their relief measure, including a federal minimum wage boost to $15 per hour, through without GOP support. However, a key nonpartisan official, the Senate parliamentarian, ruled Democrats cannot include the minimum wage increase in the bill. The decision means the Senate will likely pass a different version of the bill than the House, and representatives will have to approve the plan a second time.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up 2.1 cents at $2.699 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) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

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

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reported earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.

Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.

Disney (DIS) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.

Walmart (WMT) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.

Home Depot (HD) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.

Salesforce (CRM) reported earnings on 2/25/2021 after the market close of $1.04, beating estimates of $0.302 per share.

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 151.18 (-1.36%) is up +18.97% in 2021.

Financial Calendar

8:30 AM ET International Trade in Goods (Advance)

8:30 AM ET Personal Income and Outlays

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Farm Prices

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