The Dow Market Happenings For Friday, September 13, 2019

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +63 points.

Thursday the Dow was up +45.41 (+0.17%) at 27,182.45.

Year-to-date the Dow is up +16.53%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Visa (V) +1.71%, 3M (MMM) +1.49% and Travelers (TRV) +1.42%.

The Dow stock losers Thursday were led by Walgreens (WBA) -431%, Boeing (BA) -1.91% and UnitedHealth (UNH) -1.75%.

President Donald Trump suggested he would consider an interim trade deal with China, even though he would rather have a full agreement to end the yearlong trade war between the two countries. After Trump’s delay of planned tariff rate increases on $250 billion in Chinese goods, Beijing said it plans to exclude American farm goods, including soybeans, from tariffs, in the latest move to ease tensions before high-level trade talks restart next month.

Trump also revealed that the White House has a new tax cut in the works for middle-class Americans. “It will be a very, very substantial tax cut for middle-income folks, who work so hard,” the president said at a GOP retreat in Baltimore on Thursday night.

Goldman Sachs significantly cut its price target for Apple (AAPL), predicting a 26% downside from Thursday’s $223 close.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down one-tenth of a cent at $2.570 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/24/2019 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is up +11.61% year-to-date.

Financial Calendar

8:30 AM ET Retail Sales

8:30 AM ET Import and Export Prices

10:00 AM ET Business Inventories

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker-Hughes Rig Count

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