DJIA Market Happenings For Wednesday, September 8, 2021 – Verizon (VZ) -6.69% YTD

Dow stocks hitting 52 week highs include Apple (AAPL). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -62 points.

Tuesday the Dow closed down -269.09 (-0.76%) at 35,100.00.

Year-to-date the Dow is up +14.68%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Disney (DIS) 184.34 (+1.85%), Apple (AAPL) 156.69 (+1.55%) and Visa (V) 226.27 (+0.52%).

The Dow stock losers Tuesday were led by 3M (MMM) 185.58 (-4.53%), Honeywell (HON) 222.93 (-2.38%) and Amgen (AMGN) 221.34 (-2.22%).

The 10-year Treasury yield, which moves inversely to price, dropped to 1.35% on Wednesday, ahead of the government’s release of its latest JOLTS, Job Openings and Labor Turnover Survey, at 10 a.m. ET. The Federal Reserve is out with its Beige Book survey of economic activity across its 12 districts at 2 p.m. ET.

The White House is proposing a stopgap spending measure to fund the government beyond the end of its fiscal year this month. The bill would include billions of dollars in aid to help people recover from Hurricane Ida and to assist in the relocation of Afghans who fled Kabul. The plan to avoid a government shutdown comes as lawmakers haggle over a bipartisan $1 trillion infrastructure bill and a Democrat-backed $3.5 trillion budget reconciliation package.

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

The national average price of gasoline is down five-tenths of a cent at $3.181 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 54.82 (-1.10%) is down -6.69% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:55 AM ET Redbook

10:00 AM ET JOLTS

1:00 PM ET 10-Yr Note Auction

2:00 PM ET Beige Book

3:00 PM ET Consumer Credit

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