The Dow Market Happenings For Wednesday, June 16, 2021 – American Express (AXP) +37.52% 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 -16 points.

Tuesday the Dow was down -94.42 (-0.27%) at 34,299.33.

Year-to-date the Dow is up +12.07%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Chevron (CVX) 110.30 (+2.16%), American Express (AXP) 166.27 (+1.50%) and Travelers (TRV) 154.62 (+0.89%).

The Dow stock losers Tuesday were led by JPMorgan (JPM) 155.18 (-1.52%), Salesforce (CRM) 242.58 (-1.49%) and Disney (DIS) 175.86 (-1.30%).

U.S. stock futures were flat ahead of Wednesday afternoon’s conclusion of the Federal Reserve’s two-day meeting. No policy changes are expected, but Wall Street wants to know whether the Fed still thinks rising inflation is transitory and whether its latest view will lead to a sooner-than-expected rate hike and a tapering of its massive bond buying program.

The 10-year Treasury yield was also awaiting the Fed, with rates at 1.5%. Bonds were little changed Tuesday after the government’s May producer price index showed a 6.6% gain on an annual basis, the largest 12-month increase on record. The PPI data came less than a week after a 5% year-over-year rise in consumer prices in May, the fastest pace since August 2008.

Housing starts and building permits for May, the final piece of major economic data before the Fed’s decision, was released Wednesday morning. New construction in May rose 3.6% to a seasonally adjusted annual rate of 1.57 million units. Building permit activity was also below estimates, dropping 3% last month to a seasonally adjusted annual rate of 1.68 million. Both starts and permits were revised lower for April.

In one of the most highly anticipated geopolitical events of the year, the meeting of U.S. President Joe Biden and Russian President Vladimir Putin got underway Wednesday in Geneva. The summit comes as relations between the two nations have deteriorated, with the U.S. accusing Russia of election meddling as well as involvement in human rights abuses and recent cyberattacks. Russia has always denied the multiple accusations leveled against it, saying it’s a victim of anti-Russian sentiment in the West.

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

The national average price of gasoline is down one-tenth of a cent at $3.075 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 166.27 (+1.50%) is up +37.52% in 2021.

Financial Calendar

FOMC Meeting Ends

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Housing Starts and Permits

8:30 AM ET Import and Export Prices

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

DJIA Market Happenings For Tuesday, June 15, 2021 – Amgen (AMGN) +4.90% 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 +4 points.

Monday the Dow was down -85.85 (-0.25%) at 34,393.75.

Year-to-date the Dow is up +12.37%.

There were 10 Dow stocks up Monday.

The Dow stock winners Monday were led by Salesforce (CRM) 246.26 (+2.48%), Apple (AAPL) 130.48 (+2.46%) and Microsoft (MSFT) 259.89 (+0.78%).

The Dow stock losers Monday were led by Dow (DOW) 66.96 (-1.353%), Goldman Sachs (GS) 372.92 (-1.36%) and Cisco (CSCO) 54.17 (-1.10%).

The 10-year Treasury yield ticked higher Tuesday, trading around 1.5%, after the Labor Department’s May produce price index and the Commerce Department’s May read on retail sales. Headline PPI rose a hot 6.6% year over year, the largest 12-month increase on record. May retail sales dropped a greater-than-expected 1.3%. Those data points, and Wednesday morning’s May housing starts, will be the last reports for central bankers to consider before releasing their policy statement Wednesday afternoon, followed by Fed Chairman Jerome Powell’s news conference.

The EU and the United States have resolved a 17-year dispute concerning government subsidies for their respective aircraft makers Boeing and Airbus. The two sides agreed to suspend for five years trade tariffs that stem from the dispute.

President Biden, who’s been meeting this week with European allies at a G-7 summit in the U.K. and a NATO summit in Belgium, is set to meet Wednesday in Geneva with Russian President Vladimir Putin. It will be the third time Geneva has hosted U.S. and Russian leaders for talks. The first, in 1955, involved President Dwight D. Eisenhower and Soviet leader Nikita Khrushchev. Thirty years later, President Ronald Reagan and Soviet counterpart Mikhail Gorbachev met there. Both of those meetings made progress toward defusing tensions. This time, there are hopes the Biden-Putin meeting can produce a modest improvement on the current U.S.-Russia chill over issues like Ukraine, human rights and cyberattacks.

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

The national average price of gasoline is down four-tenths of a cent at $3.076 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 241.19 (-0.65%) is up +4.90% in 2021.

Financial Calendar

FOMC Meeting Begins

8:30 AM ET PPI-Final Demand

8:30 AM ET Retail Sales

8:30 AM ET Empire State Manufacturing Index

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market 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

1:00 PM ET 20-Yr Bond Auction

4:00 PM ET Treasury International Capital

The Dow Market Happenings For Monday, June 14, 2021 – Apple (AAPL) -4.02% YTD

Dow stocks hitting 52 week highs include Cisco (CSCO). Dow stock 52 week lows include Merck (MRK).

The Market

Premarket today, the Dow was indicated to open down -30 points.

Friday the Dow was up +13.36 (+0.04%) at 34,479.60.

Year-to-date the Dow is up +12.65%.

There were 17 Dow stocks up Friday.

The Dow stock winners Friday were led by American Express (AXP) 164.51 (+1.41%), Goldman Sachs (GS) 378.05 (+1.10%) and McDonald’s (MCD) 236.93 (+1.00%).

The Dow stock losers Friday were led by Caterpillar (CAT) 220.70 (-2.23%), Johnson & Johnson (JNJ) 164.96 (-1.27%) and UnitedHealth (UNH) 397.89 (-0.90%).

The Dow’s slight advance Friday inched the 30-stock average to less than 1% closer to last month’s record high close.

The 10-year Treasury yield was steady early Monday, firmly below 1.5%, ahead of the Federal Reserve’s June meeting on Tuesday and Wednesday. Inflation will be front and center on investors’ minds after last week’s hotter-than-expected consumer price index reading for May.

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

The national average price of gasoline is up two-tenths of a cent at $3.080 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 127.35 (+0.98%) is down -4.02% in 2021.

Financial Calendar

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction