The Dow Market Happenings For Wednesday, April 8, 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 up +308 points.

Tuesday the Dow was down -26.13 (-0.12%) at 22,653.86.

Year-to-date the Dow is down -20.62%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) +5.86%, Goldman Sachs (GS) +4.92% and American Express (AXP) +4.42%.

The Dow stock losers Tuesday were led by Boeing (BA) -4.83%, Procter & Gamble (PG) -4.28% and Walmart (WMT) -3.24%.

Disney (DIS) may require visitors to have their temperatures checked when it reopens its theme parks, according to Executive Chairman Bob Iger. The temperature check is one way to make the public feel safe about returning to the parks.

Boeing (BA) is implementing two new software updates for its grounded 737 Max jet, as it moves toward securing regulatory approval to return the jet to service.

UnitedHealth (UNH) is moving to speed up payments to doctors and hospitals, with the nation’s largest health insurer saying it was making the move to ease the financial stress experienced by health care providers. The accelerated payments will begin with $2 billion next week.

The Federal Reserve releases the minutes from its most recent meeting at 2 p.m. ET. The meeting in question was the emergency weekend session at which the Fed cut rates to a range of zero to 0.25%.

U.S. coronavirus cases surpassed 400,000 on Wednesday, with 12,864 fatalities nationwide.

Global coronavirus cases topped 1.4 million with 83,148 deaths and over 281,300 recoveries.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one cent at $1.908 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) reported earnings on 4/2/2020 before the market open of $1.52, beating estimates calling for $1.479 per share.

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.

Goldman Sachs (GS) reports earnings on 4/15/20 before the market open.

UnitedHealth (UNH) reports earnings on 4/15/20 before the market open.

IBM (IBM) reports earnings on 4/20/2020 after the market close.

Coca Cola (KO) reports earnings on 4/21/20 before the market open.

Procter & Gamble (PG) reports earnings on 4/21/20 before the market open.

Travelers (TRV) reports earnings on 4/21/20 before the market open.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) is up +2.65% year-to-date. Walmart (WMT) is down -4.76% from it’s 3/18/20 high of 128.08.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Minutes

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781