The Dow Market Happenings For Thursday, October 7, 2021 – McDonald’s (MCD) +15.15% YTD

There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Amgen (AMGN).

The Market

Premarket today, the Dow was indicated to open up +267 points.

Wednesday the Dow closed up +102.32 (+0.30%) at 34,416.99.

Year-to-date the Dow is up +12.12%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) 293.11 (+1.51%), Procter & Gamble (PG) 141.19 (+1.33%) and Salesforce (CRM) 275.27 (+1.29%).

The Dow stock losers Wednesday were led by Dow (DOW) 57.16 (-3.28%), Cisco (CSCO) 53.94 (-1.37%) and Merck (MRK) 80.66 (-1.15%).

Dow futures rose 260 points Thursday as Democratic senators signaled they were receptive to a debt ceiling offer from Senate GOP leader Mitch McConnell that would allow an emergency increase into December.

The 10-year Treasury yield rose Thursday, trading above 1.54%, after the Labor Department announced better-than-expected weekly initial jobless claims figures. First-time filings for unemployment benefits fell to 326,000 for the week ended Oct. 2. Economists had expected 345,000 new claims. The government issues its September employment report Friday. ADP’s look at private sector hiring trends last month, released Wednesday, came in stronger than expected.

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

The national average price of gasoline is up 2.3 cents at $3.244 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 247.10 (+0.77%) is up +15.15% in 2021.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET Jobless Claims

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 3-Yr Note Announcement

11:00 AM ET 10-Yr Note Announcement

11:00 AM ET 30-Yr Bond Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

3:00 PM ET Consumer Credit

4:30 PM ET Fed Balance Sheet

DJIA Market Happenings For Wednesday, October 6, 2021 – Coca Cola (KO) -3.21% 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 down -289 points.

Tuesday the Dow closed up +311.75 (+0.92%) at 34,314.67.

Year-to-date the Dow is up +12.12%.

There were 26 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) 385.81 (+3.12%), Microsoft (MSFT) 288.76 (+2.00%) and UnitedHealth (UNH) 393.43 (+1.66%).

The Dow stock losers Tuesday were led by Merck (MRK) 81.60 (-1.81%), IBM (IBM) 142.15 (-0.67%) and Caterpillar (CAT) 192.50 (-0.33%).

The 10-year Treasury yield topped 1.55%.

Private sector employment increased by 568,000 jobs from August to September according to the September ADP® National Employment Report. Economists expected that U.S. companies created 425,000 new jobs during the month compared with 347,000 in August.

The Labor Department issues weekly jobless claims tomorrow morning and Friday brings us the September jobs report.

U.S. oil prices on Wednesday pulled back modestly from near seven-year highs, on track to break a four-session winning streak. West Texas Intermediate crude, however, gained 1.7% on Tuesday, settling at $78.93 per barrel after hitting a session high of almost $80. WTI has gained nearly 65% in 2021, adding price pressures in the U.S. at a time when the Federal Reserve is trying to gauge the staying power of higher inflation as policymakers consider whether to start reducing extraordinary Covid-era monetary stimulus measures.

President Joe Biden has conceded the final version of a $3.5 trillion package of social and environmental initiatives with only Democratic support will have to be considerably smaller. In virtual meetings with House Democrats this week, Biden said he reluctantly sees a price tag between $1.9 trillion and $2.3 trillion, a Democrat familiar with the sessions said Tuesday. Sen. Joe Manchin, a high-profile Democratic holdout, wants a bill closer to $1.5 trillion. For passage, Democrats need every vote in the 50-50 Senate and all but three in the House.

Biden said Democrats are considering a change to the Senate’s filibuster rules in order to quickly pass a debt ceiling increase needed avoid a devastating credit default. The deadline set by the Treasury Department is Oct. 18. Getting rid of the filibuster would lower the typical 60-vote threshold for passage to 50. With Vice President Kamala Harris breaking any tie, a simple majority would be enough for passage. Republicans want Democrats to utilize the reconciliation process they aim to use for the budget bill, to act on the debt ceiling.

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

The national average price of gasoline is up 1.7 cents at $3.221 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 53.08 (+0.17%) is down -3.21% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

10:30 AM ET EIA Petroleum Status Report

The Dow Market Happenings For Tuesday, October 5, 2021 – JPMorgan (JPM) +31.38% YTD

Dow stocks hitting 52 week highs include JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +129 points.

Monday the Dow closed down -323.54 (-0.94%) at 34,002.92.

Year-to-date the Dow is up +11.10%.

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by Merck (MRK) 83.10 (+2.09%), IBM (IBM) 144.11 (+0.55%) and Chevron (CVX) 104.72 (+0.37%).

The Dow stock losers Monday were led by Visa (V) 224.73 (-2.49%), Apple (AAPL) 139.14 (-2.46%) and Microsoft (MSFT) 283.11 (-2.07%).

The Dow was more than 4.5% away from its Aug. 16 record close.

Johnson & Johnson (JNJ) said Tuesday it has submitted data to the FDA for emergency use authorization of a booster shot of its Covid vaccine for all adults. J&J shares rose modestly.

Treasury Secretary Janet Yellen said on Tuesday she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. On Monday, President Joe Biden urged Republican senators to “get out of the way” on the debt ceiling. Senate Republican leader Mitch McConnell has said Democrats should use their majorities on Capitol Hill to act without GOP votes.

U.S. oil prices, as measured by West Texas Intermediate crude, rose modestly Tuesday morning to around seven-year highs near $78 per barrel. WTI jumped roughly 2.3% on Monday as international oil producers decided to keep a cap on supplies.

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

The national average price of gasoline is up four-tenths of a cent at $3.204 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 166.95 (-0.11%) is up +31.38% in 2021.

Financial Calendar

8:30 AM ET International Trade in Goods and Services

8:55 AM ET Redbook

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction