The Dow Market Happenings For Thursday, April 1, 2021

Dow stocks hitting 52 week highs include Home Depot (HD) and Walgreens (WBA). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +56 points.

Wednesday the Dow was down -85.41 (-0.26%) at 32,981.55.

Year-to-date the Dow is up +7.76%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) 54.90 (+3.62%), Apple (AAPL) 122.15 (+1.88%) and Microsoft (MSFT) 235.77 (+1.69%).

The Dow stock losers Wednesday were led by Travelers (TRV) 150.40 (-2.36%), Goldman Sachs (GS) 327.00 (-1.51%) and JPMorgan (JPM) 152.23 (-1.46%).

Unemployment insurance weekly claims in the week ending March 27, the advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week’s revised level. The previous week’s level was revised down by 26,000 from 684,000 to 658,000. The 4-week moving average was 719,000, a decrease of 10,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised down by 6,500 from 736,000 to 729,500. The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending March 20, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 20 was 3,794,000, a decrease of 46,000 from the previous week’s revised level. The previous week’s level was revised down by 30,000 from 3,870,000 to 3,840,000. The 4-week moving average was 3,978,500, a decrease of 147,250 from the previous week’s revised average. The previous week’s average was revised up by 5,000 from 4,120,750 to 4,125,750. The total number of continued weeks claimed for benefits in all programs for the week ending March 13 was 18,213,575, a decrease of 1,517,926 from the previous week. There were 2,102,852 weekly claims filed for benefits in all programs in the comparable week in 2020.

The 10-year Treasury yield, which is used as a benchmark for many corporate and consumer loan rates, hit a 14-month high over 1.77% on Tuesday. Today, it traded lower, below 1.7%, after the government reported a higher-than-expected 719,000 new filings for unemployment benefits last week.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up two-tenths of a cent at $2.876 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 3/31/2021 before the market open of $1.40, beating estimates calling for $1.103 per share.

Goldman Sachs (GS) reports earnings on 4/14/2021 before the market open.

JPMorgan (JPM) reports earnings on 4/14/2021 before the market open.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 327.00 (-1.51%) is up +24.00% in 2021.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET Jobless Claims

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET Baker Hughes Rig Count

4:30 PM ET Fed Balance Sheet

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