DJIA Market Happenings For Wednesday, July 7, 2021 – IBM (IBM) +10.25% YTD

Dow stocks hitting 52 week highs include American Express (AXP), Microsoft (MSFT), Nike (NKE) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -48 points.

Tuesday the Dow was down -208.98 (-0.60%) at 34,577.37.

Year-to-date the Dow is up +13.66%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) 142.02 (+1.47%), Salesforce (CRM) 250.25 (+0.83%) and American Express (AXP) 169.56 (+0.63%).

The Dow stock losers Tuesday were led by Dow (DOW) 61.93 (-2.49%), Amgen (AMGN) 243.65 (-2.03%) and Chevron (CVX) 103.99 (-1.96%).

The 10-year Treasury yield fell early Wednesday, trading around 1.34%, ahead of the afternoon release of the minutes from the June meeting of the Federal Reserve’s policymaking committee.

Mortgage demand declined for the second straight week as low inventory and high home prices continued to weigh on the hot housing market. Mortgage applications decreased 1.8% last week.

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

The national average price of gasoline is up three-tenths of a cent at $3.137 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reports earnings on 7/13/2021 before the market open.

JPMorgan (JPM) reports earnings on 7/13/2021 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/2021 before the market open.

IBM (IBM) reports earnings on 7/19/2021 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 138.78 (-0.89%) is up +10.25% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:55 AM ET Redbook

10:00 AM ET JOLTS

2:00 PM ET FOMC Minutes

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