DJIA Market Happenings For Monday, June 21, 2021 – Salesforce (CRM) +9.10% YTD

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 +250 points.

Friday the Dow was down -533.37 (-1.37%) at 33,290.08.

Year-to-date the Dow is up +8.77%.

There were absolutely no Dow stocks up Friday.

The Dow stock winners Friday were not to be found.

The Dow stock losers Friday were led by Chevron (CVX) 103.03 (-3.77%), Walgreens (WBA) 50.84 (-3.73%), Goldman Sachs (GS) 348.83 (-3.50%), Travelers (TRV) 144.76 (-2.76%), Intel (INTC) 55.67 (-2.64%) and JPMorgan (JPM) 147.92 (-2.53%).

The Fed last Wednesday increased its inflation forecast and indicated two rate hikes in 2023. Fed Chairman Jerome Powell said central bankers were considering tapering their massive Covid-era bond purchases. Fed speakers will get a lot of attention this week, including Tuesday’s congressional testimony from Powell. The 10-year Treasury yield continued to back away from last week’s Fed-driven spike, trading early Monday just above 1.4%. It briefly dipped to 1.354%, the lowest level since late February. Today we are getting a market bounce from last weeks sell off.

US futures are higher, European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up one-tenth of a cent at $3.071 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Walgreens (WBA) reports earnings on 7/1/2021 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 242.78 (-0.68%) is up +9.10% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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