The Dow Market Happenings For Wednesday, June 10, 2020

Dow stocks at 52 week highs include Apple (AAPL), Home Depot (HD) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -120 points.

Tuesday the Dow was down -300.14 (-1.09%) at 27,272.30.

There were 3 Dow stocks up Tuesday.

The Dow stock winners Tuesday were Apple (AAPL) +3.16%, Microsoft (MSFT) +0.76% and Walmart (WMT) +0.09%.

The Dow stock losers Tuesday were led by Boeing (BA) -5.97%, Raytheon (RTX) -4.88%, Walgreens (WBA) -3.70%, Dow (DOW) -3.25% and IBM (IBM) -2.86%.

The two day FOMC meeting ends today with announcement at 11:00 am PDT. The Fed’s balance sheet has ballooned from about $4 trillion in March to $7.21 trillion as of last week with its policy interest rate steady at a range of 0% and 0.25%.

Merck (MRK) said late Tuesday that its drug Keytruda didn’t reach its goals in a late-stage clinical study for the treatment of bladder cancer.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up 1.9 cents at $2.071 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +17.58% year-to-date. Home Depot (HD) YTD low was 140.63 on 3/18/2020. That’s a +83.67% gain from the 2020 low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET CPI

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Meeting Announcement

2:00 PM ET Treasury Budget

2:30 PM ET Fed Chair Press Conference

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