The Dow Market Happenings For Wednesday, May 12, 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 -103 points.

Tuesday the Dow was down -473.66 (-1.36%) at 34,269.16.

Year-to-date the Dow is up +11.97%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were Salesforce (CRM) 215.56 (+0.78%) and Nike (NKE) 137.12 (+0.53%).

The Dow stock losers Tuesday were led by Travelers (TRV) 156.69 (-3.08%), Home Depot (HD) 330.66 (-3.07%), American Express (AXP) 154.43 and Chevron (CVX) 106.70 (-2.62%).

Inflation accelerated at its fastest pace since 2008 last month with the Consumer Price Index spiking 4.2% from a year ago, compared to estimates for a 3.6% increase. The monthly gain was 0.8%, versus an expected 0.2%.

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

The national average price of gasoline is up 2.3 cents at $3.008 per gallon.

Earnings Reports

Disney (DIS) reports earnings on 5/13/2021 after the market close.

Home Depot (HD) reports earnings on 5/18/2021 before the market open.

Walmart (WMT) reports earnings on 5/18/2021 before the market open.

Cisco (CSCO) reports earnings on 5/19/2021 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 181.67 (-1.43%) is up +0.02% in 2021.

Financial Calendar

8:30 AM ET CPI

10:30 AM ET EIA Petroleum Status Report

10:45 AM ET Atlanta Fed Business Inflation Expectations

1:00 PM ET 10-Yr Note Auction

2:00 PM ET Treasury Statement

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