The Dow Market Happenings For Monday, March 22, 2021

Dow stocks hitting 52 week highs include UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -19 points.

Friday the Dow was down -234.33 (-0.71%) at 32,627.97.

Year-to-date the Dow is up +6.60%.

There were 9 Dow stocks up Friday.

The Dow stock winners Friday were led by Home Depot (HD) 289.10 (+2.10%), Walmart (WMT) 131.74 (+1.33%) and Salesforce (CRM) 212.20 (+1.30%).

The Dow stock losers Friday were led by Visa (V) 206.90 (-6.24%), Travelers (TRV) 149.30 (-4.80%) and Nike (NKE) 137.49 (-3.97%).

The Dow last closed at record highs Wednesday.

Even as the pace of vaccinations accelerates in the U.S., Covid cases are increasing in 21 states and highly infectious variants are spreading as governors relax restrictions on businesses. Public health officials warn that while roughly 2.5 million people around the country are receiving shots every day, infection levels have plateaued this month. Nationwide, new infections are holding around 54,000 on average in the past seven days. That’s a dramatic drop from January’s peak. While fatalities are much lower as well, an average of 1,000 people died from Covid each day over the past seven days.

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

The national average price of gasoline is unchanged at $2.882 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/18/2021 after the market close of $0.90, beating estimates of $0.752 per share.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 140.71 (-1.31%) is up +16.38% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

9:00 AM ET Jerome Powell Speaks

10:00 AM ET Existing Home Sales

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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