DJIA Market Happenings For Monday, March 1, 2021


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 +343 points.

Friday the Dow was down -469.64 (-1.50%) at 30,932.37.

Year-to-date the Dow is up +1.06%.

There were 5 Dow stocks up Friday.

The Dow stock winners Friday were led by Microsoft (MSFT) 232.38 (+1.48%), Home Depot (HD) 258.34 (+1.21%) and UnitedHealth (UNH) 332.22 (+1.02%).

The Dow stock losers Friday were led by Salesforce (CRM) 216.50 (-6.31%), Dow (DOW) 59.31 (-3.33%) and IBM (IBM) 118.93 (-2.89%).

The Dow is currently set to open up +1%. While rapidly rising bond yields pressured stocks last week, the 10-year Treasury yield dropped Monday from a one-year high, trading around 1.43%. Last week the Dow lost -1.8% and the S&P 500 fell nearly -2.5%.

The CDC signed off Sunday on Johnson & Johnson’s (JNJ) one-shot Covid-19 vaccine for people 18 years and older as the federal government prepares to ship out millions of doses this week. The FDA gave J&J’s vaccine, which demonstrated 72% efficacy in the U.S., emergency use authorization Saturday. While the other two vaccines cleared in the U.S. are two-shot regimes from Pfizer (PFE) and Moderna (MRNA), each showed over 90% efficacy. White House Chief Medical Advisor Dr. Anthony Fauci said Sunday all three are “really quite good” and that Americans should take whatever vaccine they can get.

The House early Saturday approved a $1.9 trillion economic stimulus bill championed by President Joe Biden. It included $1,400 direct payments to individuals, a $400-per-week federal unemployment boost through late August, and billions of dollars to distribute coronavirus vaccines and to assist schools and local governments. The measure goes to the Senate, where a provision to raise the federal minimum wage will likely be stripped out. However, the rest of the package appeared to be in good shape as Democrats aim to use a process that doesn’t require Republican support. Yes, Republicans in the House and Senate do not want Americans to get this economic stimulus.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.720 per gallon.

Earnings Reports

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

Coca Cola (KO)

Coca Cola (KO) 48.99 (-2.35%) is down -10.67% in 2021.

Financial Calendar

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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