DJIA Market Happenings For Wednesday, March 3, 2021


Dow stocks hitting 52 week highs include Dow (DOW) and Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -4 points.

Tuesday the Dow was down -143.99 (-0.46%) at 31,391.52.

Year-to-date the Dow is up +2.56%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) 62.73 (+1.93%), Merck (MRK) 72.85 (+0.65%) and Coca Cola (KO) 50.10 (+0.40%).

The Dow stock losers Tuesday were Intel (INTC) 61.24 (-2.61%), Apple (AAPL) 125.12 (-2.09%) and Salesforce (CRM) 213.47 (-1.87%).

U.S. companies added a disappointing 117,000 new jobs in February, according the latest ADP private sector employment report. Economists had expected gains of 225,000 positions. January’s additions were upwardly revised to 195,000. Friday we get the Jobs Report.

The Senate is expected to start debate as soon as Wednesday on its version of the House-passed, $1.9 trillion Covid relief bill. However, it excludes a federal minimum wage boost to $15 per hour. President Joe Biden on Tuesday urged Democrats to stand united and approve the measure, even as some party moderates sought to dial back parts of the package. Democrats, with the slimmest of margins in the Senate, are using special rules that would allow them to pass the bill without GOP support.

The U.S. will have a large enough supply of coronavirus vaccines to inoculate every adult in America by the end of May, two months earlier than expected, Biden said Tuesday. The announcement came as the administration works to increase production of Johnson & Johnson’s (JNJ) newly cleared single-shot vaccine, and rival Merck (MRK) agrees to pitch in.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up eight-tenths of a cent at $2.737 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

3M (MMM)

3M (MMM) 177.11 (+0.40%) is up +1.33% in 2021.

Financial Calendar

8:15 AM ET ADP Employment Report

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.