The Dow Market Happenings For Monday, September 13, 2021 – Apple (AAPL) +12.27% 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 +239 points.

Friday the Dow closed down -271.66 (-0.78%) at 34,607.72.

Year-to-date the Dow is up +13.07%.

There were 7 Dow stocks up Friday.

The Dow stock winners Friday were led by Intel (INTC) 53.84 (+0.82%), McDonald’s (MCD) 239.18 (+0.24%) and Dow (DOW) 60.41 (+0.22%).

The Dow stock losers Friday were led by Apple (AAPL) 148.97 (-3.31%), UnitedHealth (UNH) 403.91 (-2.22%) and Walgreens (WBA) 49.45 (-2.21%).

The Dow Jones Industrial Average looks set to open 200 points higher Monday, bouncing after five straight sessions of losses. For the past week, the Dow dropped almost 2.2%.

House Democrats are expected to propose sweeping tax increases on U.S. companies, wealthy Americans and investors to help pay for their $3.5 trillion budget bill. The plan calls for a corporate tax hike rate to 26.5% from 21% and a 3% surtax on individual income above $5 million. Democrats are also considering raising the top capital gains tax rate to 28.8% from 23.8%. The House returns from its summer recess on Sept. 20. The Senate comes back Monday.

U.S.-based Pfizer’s Covid vaccine, developed in conjunction with German partner BioNTech, could be authorized for use in kids 5-11 as soon as next month. Pfizer is expected to have enough study data by then to submit an application for emergency use to the FDA. The two-dose Pfizer shot is already on emergency use for adolescents 12-15 and full approval for people 16 and older.

Disney (DIS) says they will show the remainder of its slate of movies this year exclusively in theaters, rather than making them simultaneously available on its Disney+ streaming service.

Tuesday, investors will be watching for economic data including the Core CPI, consumer price index which will be closely watched after producer prices surged 8.3% annually in August, the most on record.

Apple’s (AAPL) highly anticipated “California Streaming” event will also be broadcast live from Apple Park on Tuesday. The event, which kicks off at 10 a.m. Pacific Time, is expected to reveal the new iPhone 13 and the Apple Watch Series 7.

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

The national average price of gasoline is up one-tenth of a cent at $3.176 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/23/2021 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 148.97 (-3.31%) is up +12.27% in 2021.

Financial Calendar

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

2:00 PM ET Treasury Statement

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.