The Dow Market Happenings For Tuesday, March 16, 2021

Dow stocks hitting 52 week highs include Boeing (BA), Caterpillar (CAT), Cisco (CSCO), Goldman Sachs (GS), Honeywell (HON) and 3M (MMM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -22 points.

Monday the Dow was up +174.82 (+0.53%) at 32,953.46.

Year-to-date the Dow is up +7.67%.

There were 19 Dow stocks up Monday.

The Dow stock winners Monday were led by McDonald’s (MCD) 220.46 (+3.82%), Walgreens (WBA) 55.05 (+3.46%) and Nike (NKE) 144.94 (+3.20%)

The Dow stock losers Monday were led by Dow (DOW) 62.90 (-2.24%), Boeing (BA) 265.63 (-1.32%) and Chevron (CVX) 110.25 (-1.17%).

The Federal Reserve, which begins its two-day March meeting Tuesday, will be watching bond yields and the latest reading on retail sales. The Commerce Department said before-the-bell that February retail sales fell 3%, a surprisingly weak number. Estimates had called for a 0.4% increase. However, January’s reading was revised higher to a strong 7.6%, getting a bump from the December Covid package. With the Fed’s extraordinarily easy monetary measures during Covid under scrutiny, the nation’s central bank is set to release Wednesday afternoon new economic and interest rate forecasts along with its policy statement.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up nine-tenths of a cent at $2.873 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Walgreens (WBA) reports earnings on 3/31/2021 before the market open.

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 55.05 (+3.46%) is up +38.04% in 2021.

Financial Calendar

FOMC Meeting Begins

8:30 AM ET Retail Sales

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 20-Yr Bond Auction

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