The Dow Market Happenings For Tuesday, June 30, 2020

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -123 points.

Monday the Dow was up +580.25 (+2.32%) at 25,595.80.

Year-to-date the Dow is down -10.31%.

There were 29 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) +14.40%, Raytheon Technologies (RTX) +4.77%, Dow (DOW) +2.96%, Verizon (VZ) +2.88% and Walgreens (WBA) +2.79%.

The Dow stock loser Monday was Cisco (CSCO) -0.35%.

Investors await a congressional hearing today featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to the rising numbers of coronavirus cases.

Visa (V) and Microsoft (MSFT) were higher ahead of the open in today’s stock market, looking to extend Monday’s sharp gains. Apple (AAPL) stock fell 0.5% on news that 5G iPhone shipments in 2020 may be much weaker than expected.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is down one-tenth of a cent at $2.178 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reports earnings on 7/9/2020 before the market open.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is down -13.42% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. That’s a +8.85% gain from the 2020 low.

Financial Calendar

8:55 AM ET Redbook

9:00 AM ET S&P Corelogic Case-Shiller HPI

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Confidence

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

12:30 PM ET Jerome Powell Speaks

3:00 PM ET Farm Prices

DJIA Market Happenings For Monday, June 29, 2020

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +110 points.

Friday the Dow was down -730.05 (-2.84%) at 25,015.55.

Year-to-date the Dow is down -12.34%.

There was one Dow stock up Friday.

The Dow stock winner Friday was Cisco (CSCO) +2.41%.

The Dow stock losers Friday were led by Goldman Sachs (GS) -8.65%, Nike (NKE) -7.62%, JPMorgan (JPM) -5.48%, American Express (AXP) -4.53% and Exxon Mobil (XOM) -3.43%.

The Fed bought $428 million worth of corporate bonds in its first foray into company debt as part of its response to the coronavirus, snapping up debt in household names like Walmart, Coca-Cola, AT&T, and Berkshire Hathaway in the process.

A July cash cliff spells trouble for U.S. unemployed, and everyone else.

Shares of Boeing (BA), which have been slammed over 45% in 2020, were rising more than 3% in Monday’s premarket as reports that pilots and test crew members from the Federal Aviation Administration and the aircraft maker are scheduled to begin a three-day certification test campaign for the 737 Max on Monday.

Nancy Pelosi calls for CDC to mandate Americans wear masks. Yay!!

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.179 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reports earnings on 7/9/2020 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -13.42% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. That’s a +8.85% gain from the 2020 low.

Financial Calendar

10:00 AM ET Pending Home Sales Index

10:30 AM ET Dallas Fed Mfg Survey

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

The Dow Market Happenings For Friday, June 26, 2020

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -172 points.

Thursday the Dow was up +299.66 (+118%) at 25,745.60.

Year-to-date the Dow is down -9.79%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Goldman Sachs (GS) +4.59%, Dow (DOW) +3.98% and JPMorgan (JPM) +3.49%.

The Dow stock losers Thursday were led by Raytheon Technologies (RTX) -1.07%, Boeing (BA) -1.02% and Intel (INTC) -0.98%.

Nike (NKE) shares slide 3% after the bell on the back of a surprising quarterly loss for the apparel giant. The company reported a loss of 51 cents per share and revenue of $6.31 billion for its fiscal fourth quarter. Nike’s quarterly revenue reflected a drop of 38% on a year-over-year basis.

U.S. infections rise by nearly 40,000 Thursday, the biggest single-day gain on record, as the potential for a second wave of the pandemic continues to escalate.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up five-tenths of a cent at $2.176 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reports earnings on 7/9/2020 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +0.76% year-to-date. UnitedHealth (UNH) YTD low was 187.72 on 3/23/2020. That’s a +36.63% gain from the 2020 low.

Financial Calendar

8:30 AM ET Personal Income and Outlays

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker-Hughes Rig Count