DJIA Market Happenings For Monday, April 5, 2021

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

The Market

Premarket today, the Dow was indicated to open up +242 points.

Thursday the Dow was up +171.66 (+0.52%) at 33,153.21. Friday was a holiday (Good Friday).

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

There were 19 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Salesforce (CRM) 218.72 (+3.23%), Microsoft (MSFT) 242.35 (+2.749%) and Visa (V) 216.86 (+2.42%).

The Dow stock losers Thursday were led by UnitedHealth (UNH) 367.07 (-1.34%), Johnson & Johnson (JNJ) 162.83 (-0.92%) and Procter & Gamble (PG) 134.28 (-0.85%).

Dow futures are up over 200 points Monday after Friday’s blowout jobs report. While the U.S. stock market was closed on Good Friday, the government still issued its monthly employment data. Nonfarm payrolls increased by 916,000 in March. A much stronger than expected number and the highest total since August 2020. The 10-year Treasury yield ticked higher Monday but remained below its recent 14-month high.

Treasury Secretary Janet Yellen on Monday morning will call for a minimum tax on corporations around the world in an effort to keep companies from relocating to find lower rates. “We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Yellen will tell a conference held by the Chicago Council on Global Affairs. This comes as President Biden is looking to raise the U.S. corporate tax rate as a way to pay for a $2 trillion infrastructure improvement plan. And of course, Senate Minority Leader Mitch McConnell, R-Ky., said last week the $2 trillion package would not receive Republican support. Republicans want a much smaller $615 billion plan.

The U.S. has now put Johnson & Johnson in charge of the Emergent BioSolutions plant that ruined 15 million doses of the drugmaker’s one-shot Covid vaccine, a senior health official said Saturday. The government also prohibited AstraZeneca from using the facility. Emergent BioSolutions workers at the plant in question mixed ingredients for the J&J and AstraZeneca vaccines. AstraZeneca, whose vaccine has not been approved in the U.S., said it will work with the Biden administration to find an alternate production site.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is unchanged at $2.873 per gallon.

Earnings Reports

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

Home Depot (HD)

Home Depot (HD) 307.75 (+0.82%) is up +15.86% in 2021.

Financial Calendar

9:45 AM ET PMI Composite Final

10:00 AM ET Factory Orders

10:00 AM ET ISM Services Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

12:30 PM ET Investor Movement Index

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