DJIA Market Happenings For Wednesday, April 1, 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 -841 points.

Tuesday the Dow was down -410.32 (-1.84%) at 21,917.16.

Year-to-date the Dow is down -23.20%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Caterpillar (CAT) +3.88%, Dow (DOW) +2.06% and Walgreens (WBA) +1.31%.

The Dow stock losers Tuesday were led by American Express (AXP) -5.16%, Home Depot (HD) -4.79% and Procter & Gamble (PG) -4.35%.

Trump warned Americans to brace for a “hell of a bad two weeks” ahead as the White House projected there could be 100,000 to 240,000 deaths in the U.S. The U.S. coronavirus death toll surpassed 4,000 early Wednesday. Worldwide, there are more than 42,000 deaths and 860,000 confirmed cases.

Payrolls processor ADP data released Wednesday showed that companies reduced payrolls by 27,000 in early March before the worst of the effects from the pandemic was seen in the labor market. The breakdown is below.

Large (500+) +56,000
Midize (50 to 499) +7,000
Small (1 to 49) -90,000

Friday we get the US Jobs Report.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down 1.3 cents at $1.984 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/24/2020 after the market close of $0.53, missing estimates calling for $0.618 per share.

Walgreens (WBA) reports earnings on 4/2/2020 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/14/20 before the market open.

JPMorgan (JPM) reports earnings on 4/14/20 before the market open.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -27.46% year-to-date (down -29.97% from 1/22/20 YTD high of 1141.87).

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

9:45 AM ET PMI Manufacturing Index

10:00 AM ET ISM Mfg Index

10:00 AM ET Construction Spending

10:30 AM ET EIA Petroleum Status Report

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