The Dow Market Happenings For Thursday, November 4, 2021 – Disney (DIS) -6.13% YTD

Dow stocks hitting 52 week highs include Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +10 points.

Wednesday the Dow closed up +104.95 (+0.29%) at 36,157.58.

Year-to-date the Dow is up +18.14%.

There were 22 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) 49.23 (+3.10%), Nike (NKE) 172.50 (+2.78%) and Amgen (AMGN) 218.13 (+1.81%).

The Dow stock losers Wednesday were led by Caterpillar (CAT) 203.55 (-1.72%), Goldman Sachs (GS) 417.90 (-1.40%) and Chevron (CVX) 113.01 (-0.72%).

Thanks to Jerome Powell, Wednesday was yet another record DJIA close.

The Fed will begin slowing down later this month the purchase of Treasurys and mortgage-backed securities by $15 billion each month from the current $120 billion per month. The central bank held interest rates steady at near zero, saying that tapering pandemic monetary stimulus should not be viewed as a signal that rate hikes are imminent.

One day before releasing its October employment report, the Labor Department reported Thursday initial jobless claims of 269,000 for last week, a better-than-expected reading and a drop to another pandemic low. On Wednesday morning, ADP’s October read on U.S. companies’ hiring was much better than expected.

The Biden administration ordered U.S. companies Thursday to ensure their employees are fully vaccinated or regularly tested for Covid by Jan. 4, giving them a reprieve over the holidays. The White House also pushed back the deadline for federal contractors to comply with a stricter set of vaccine requirements for staff from Dec. 8 to Jan. 4 to match the deadline set for other private companies and health-care providers.

The House is preparing to vote as soon as Thursday on a revised draft of President Joe Biden’s now-$1.85 trillion social and climate spending package and a separate bipartisan, Senate-passed $1 trillion infrastructure bill. In a flurry of last-minute adjustments, after months of negotiations, Democrats added back a new paid family leave program, work permits for immigrants, and changes to state and local tax deductions. Democrats want to make gains on Biden’s proposals after their party lost the tight Virginia governor’s race and barely hung on in New Jersey’s unexpectedly close gubernatorial contest.

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

The national average price of gasoline is up two-tenths of a cent at $3.405 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 10/13/2021 before the open with $3.74, beating estimates calling for $2.996 per share.

UnitedHealth (UNH) reported earnings on 10/14/2021 before the open with $4.52, beating estimates calling for $4.414 per share.

Walgreens (WBA) reported earnings on 10/14/2021 before the open with $1.17, beating estimates calling for $1.028 per share.

Goldman Sachs (GS) reported earnings on 10/15/2021 before the open with $14.93, crushing estimates calling for $10.18 per share.

Johnson & Johnson (JNJ) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.367 per share.

Procter & Gamble (PG) reported earnings on 10/19/2021 before the open with $1.61, beating estimates of $1.594 per share.

Travelers (TRV) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.002 per share.

Verizon (VZ) reported earnings on 10/20/2021 before the open with $1.55, beating estimates of $1.358 per share.

IBM (IBM) reported earnings on 10/20/2021 after the close with $2.52, beating estimates of $2.487 per share.

Dow (DOW) reported earnings on 10/21/2021 before the open with $2.75, beating estimates of $2.596 per share.

Intel (INTC) reported earnings on 10/21/2021 after the close with $1.71, beating estimates of $1.107 per share.

Honeywell (HON) reported earnings on 10/22/2021 before the open with $2.02, beating estimates of $2.008 per share.

American Express (AXP) reported earnings on 10/22/2021 before the open with $2.27, beating estimates of $1.78 per share.

3M (MMM) reported earnings on 10/26/2021 before the open with $2.45, beating estimates of $2.182 per share.

Microsoft (MSFT) reported earnings on 10/26/2021 after the close with $2.27, beating estimates of $2.058 per share.

Visa (V) reported earnings on 10/26/2021 after the close with $1.62, beating estimates of $1.528 per share.

Coca Cola (KO) reported earnings on 10/27/2021 before the open with $0.65, beating estimates of $0.576 per share.

McDonald’s (MCD) reported earnings on 10/27/2021 before the open with $2.76, beating estimates of $2.456 per share.

Boeing (BA) reported earnings on 10/27/2021 before the open with -$0.60, missing estimates of -$0.168 per share.

Caterpillar (CAT) reported earnings on 10/28/2021 before the open with $2.66, beating estimates of $2.257 per share.

Merck (MRK) reported earnings on 10/28/2021 before the open with $1.75, beating estimates of $1.542 per share.

Apple (AAPL) reported earnings on 10/28/2021 after the close with $1.24, almost meeting estimates of $1.244 per share.

Chevron (CVX) reported earnings on 10/29/2021 before the open with $2.96, beating estimates of $2.214 per share.

Amgen (AMGN) reported earnings on 11/2/2021 after the close with $4.67, beating estimates of $4.22 per share.

Disney (DIS) reports earnings on 11/10/2021 after the close.

Home Depot (HD) reports earnings on 11/16/2021 before the open.

Walmart (WMT) reports earnings on 11/16/2021 before the open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 170.08 (+0.15%) is down -6.13% in 2021.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET International Trade in Goods and Services

8:30 AM ET Jobless Claims

8:30 AM ET Productivity and Costs

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

4:30 PM ET Fed Balance Sheet

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