DJIA Market Happenings For Monday, September 21, 2020

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 -592 points.

Friday the Dow was down -244.56 (-0.88%) at 27,657.42.

Year-to-date the Dow is down -1.77%.

There were 4 Dow stocks up Friday.

The Dow stock winners Friday were led by Johnson & Johnson (JNJ) 149.18 (+1.37%), UnitedHealth (UNH) 308.02 (+1.00%) and Merck (MRK) 85.81 (+0.20%).

The Dow stock losers Friday were led by Boeing (BA) 161.14 (-3.81%), Apple (AAPL) 106.84 (-3.17%) and IBM (IBM) 122.76 (-1.73%).

Walmart (WMT) CEO Doug McMillon just sealed his most important deal (and there have been quite a few to speak of) since taking over as CEO in February 2014, McMillon over the weekend signed off on a partnership with Oracle that will find it as an investor in social media juggernaut TikTok. Walmart didn’t disclose how much it will pay for its 7.5% stake in the new TikTok Global (although reports have Walmart and Oracle shelling out a combined $12 billion for their total 20% stake).

Brent crude dropped 1.7% to $42.42 a barrel. Analysts said the drop was triggered by signals that Libya could renew its supply of oil to the global market at a time when demand for oil has dropped.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.180 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Visa (V)

Visa (V) 194.83 (-2.92%) is up +7.83% year-to-date. Visa (V) YTD low was 133.93 on 3/23/2020. Visa has provided a +51.28% gain off the YTD low.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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