The Dow Market Happenings For Wednesday, September 30, 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 up +3 points.

Tuesday the Dow was down -131.40 (-0.48%) at 27,452.66.

Year-to-date the Dow is down -3.80%.

There were 4 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) 126.35 (+1.63%), Amgen (AMGN) 248.30 (+0.51%) and Salesforce (CRM) 247.45 (+0.32%).

The Dow stock losers Tuesday were led by Chevron (CVX) 71.90 (-2.75%), Travelers (TRV) 107.44 (-2.52%) and Dow (DOW) 46.57 (-1.92%).

Disney (DIS) is laying off 28,000 people in the United States as the pandemic hammers its parks and resorts business.

The cumulative total of coronavirus cases worldwide since the beginning of the outbreak rose above 33.87 million early Wednesday. Deaths rose to more than 1.01 million globally. In the U.S., the total cumulative case count topped 7.4 million, with deaths at more than 210,000.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is up six-tenths of a cent at $2.188 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 163.60 (-1.49%) is down -49.78% year-to-date. Boeing (BA) YTD low was 89.00 on 3/18/2020. Boeing has provided a +83.82% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET GDP

8:30 AM ET Corporate Profits

9:45 AM ET Chicago PMI

10:00 AM ET Pending Home Sales Index

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

3:00 PM ET Farm Prices

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