The Dow Market Happenings For Wednesday, February 3, 2021

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 -43 points.

Tuesday the Dow was up +475.57 (+1.57%) at 30,687.48.

Year-to-date the Dow is up +0.26%.

There were 25 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) 286.97 (+4.46%), Caterpillar (CAT) 192.50 (+4.21%) and Dow (DOW) 54.61 (+3.53%).

The Dow stock losers Tuesday were led by IBM (IBM) 119.44 (-0.91%), Johnson & Johnson (JNJ) 161.25 (-0.90%) and Walgreens (WBA) 48.44 (-0.80%).

Yellen and President Joe Biden joined Democratic senators for a private virtual meeting Tuesday, and they declared a GOP offer of $618 billion in Covid stimulus as too small. They urged big, fast action to stem the pandemic and the resulting economic fallout. As the White House still tries to reach a bipartisan relief bill, Democrats marshaled their slim Senate majority to start a lengthy process for approving Biden’s $1.9 trillion proposal with or without Republican support.

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

The national average price of gasoline is up seven-tenths of a cent at $2.431 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reported earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reports earnings on 2/4/2021 before the market open.

Cisco (CSCO) reports earnings on 2/9/2021 after the market close.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Disney (DIS) reports earnings on 2/11/2021 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 134.99 (+0.63%) is up +1.73% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET 3-Yr Note Announcement

8:30 AM ET 10-Yr Note Announcement

8:30 AM ET 30-Yr Bond Announcement

8:30 AM ET Treasury Refunding Announcement

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

10:30 AM ET EIA Petroleum Status Report

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