DJIA Market Happenings For Thursday, September 16, 2020

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 down -165 points.

Wednesday the Dow was up +36.78 (+0.13%) at 28,032.38.

Year-to-date the Dow is down -1.77%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Chevron (CVX) 78.56 (+2.89%), Walgreens (WBA) 36.28 (+2.86%) and Boeing (BA) 167.46 (+2.43%).

The Dow stock losers Wednesday were led by Apple (AAPL) 112.13 (-2.95%), Dow (DOW) 49.70 (-2.68%) and Microsoft (MSFT) 205.05 (-1.79%).

Unemployment insurance weekly claims in the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous week’s revised average. The previous week’s average was revised up by 2,250 from 970,750 to 973,000. The advance seasonally adjusted insured unemployment rate was 8.6 percent for the week ending September 5, a decrease of 0.7 percentage point from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 9.2 to 9.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending September 5 was 12,628,000, a decrease of 916,000 from the previous week’s revised level. The previous week’s level was revised up 159,000 from 13,385,000 to 13,544,000. The 4-week moving average was 13,489,000, a decrease of 532,750 from the previous week’s revised average. The previous week’s average was revised up by 39,750 from 13,982,000 to 14,021,750.

Yesterday the Fed released its most recent policy update and kept its benchmark interest rate at a range between 0% and 0.25%, some investors believe that the U.S. central bank Chairman Jerome Powell may have unsettled the stock market by emphasizing the challenges that the U.S. economy faces as it attempts to emerge from recession brought on by the coronavirus pandemic. The Fed said it expected interest rates would stay near zero until at least 2023 but also signaled that the road ahead for the economy could be a long one, despite the run-up in equity values this year, as the U.S. is still dealing with millions of people who are unemployed.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.182 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) 113.17 (+0.91%) is down -17.36% year-to-date. Travelers (TRV) YTD low was 76.99 on 3/18/2020. Travelers has provided a +46.99% gain off the YTD low.

Financial Calendar

8:30 AM ET Housing Starts and Permits

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Manufacturing Index

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 2-Yr FRN Note Announcement

11:00 AM ET 2-Yr Note Announcement

11:00 AM ET 5-Yr Note Announcement

11:00 AM ET 7-Yr Note Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 10-Yr TIPS Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

The Dow Market Happenings For Wednesday, September 16, 2020

Dow stocks hitting 52 week highs include McDonald’s (MCD) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +95 points.

Tuesday the Dow was up +2.27 (+0.01%) at 27,995.60.

Year-to-date the Dow is down -1.90%.

There were 17 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Salesforce (CRM) 251.68 (+2.04%), Dow (DOW) 51.07 (+1.96%) and Home Depot (HD) 285.58 (+1.76%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 148.60 (-3.20%), JPMorgan (JPM) 99.28 (-3.11%) and Travelers (TRV) 112.15 (-2.02%).

The two day FOMC meeting ends today with announcement at 11:00 am PDT.

U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the Covid-19 recession is faltering.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is down four-tenths of a cent at $2.182 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 204.03 (-0.65%) is up +11.00% year-to-date. Procter & Gamble (PG) YTD low was 94.34 on 3/23/2020. Procter & Gamble has provided a +46.95% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Retail Sales

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Announcement

2:30 PM ET Fed Chair Press Conference

4:00 PM ET Treasury International Capital

DJIA Market Happenings For Tuesday, September 15, 2020

Dow stocks hitting 52 week highs include McDonald’s (MCD) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +213 points.

Monday the Dow was up +327.69 (+1.18%) at 27,993.33.

Year-to-date the Dow is down -1.91%.

There were 27 Dow stocks up Monday.

The Dow stock winners Monday were led by American Express (AXP) 107.27 (+3.78%), Boeing (BA) 165.35 (+3.20%) and Apple (AAPL) 115.355 (+3.00%).

The Dow stock losers Monday were led by Chevron (CVX) 77.29 (-0.51%), Disney (DIS) 131.25 (-0.38%) and Caterpillar (CAT) 153.51 (-0.21%).

The two day FOMC meeting starts today.

Apple (AAPL) has an event today at 10 am PDT. What will they bring out?

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down six-tenths of a cent at $2.186 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 204.03 (-0.65%) is up +29.38% year-to-date. Nike (NKE) YTD low was 132.52 on 3/23/2020. Nike has provided a +53.96% gain off the YTD low.

Financial Calendar

FOMC Meeting Begins

8:30 AM ET Empire State Manufacturing Index

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

9:15 AM ET Industrial Production

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement