DJIA Market Happenings For Friday, May 21, 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 up +136 points.

Thursday the Dow was up +188.11 (+0.55%) at 34,084.15.

Year-to-date the Dow is up +11.36%.

There were 24 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) 127.31 (+2.10%). Boeing (BA) 227.65 (+1.44%) and Microsoft (MSFT) 246.48 (+1.38%).

The Dow stock losers Thursday were led by Caterpillar (CAT) 234.99 (-0.79%), Dow (DOW) 68.26 (-0.42%) and Walgreens (WBA) 54.60 (-0.38%).

The Biden administration is proposing a global minimum corporate tax rate of 15%. However, the Treasury Department said Thursday the final rate could go even higher, calling 15% a “floor and that discussions should continue to be ambitious and push that rate higher.” Treasury Secretary Janet Yellen, who was Jerome Powell’s predecessor as Federal Reserve chair, has said that establishing a global minimum rate would help halt the “race to the bottom” globally for tax rates.

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

The national average price of gasoline is down one-tenth of a cent at $3.042 per gallon.

Earnings Reports

Disney (DIS) reported earnings on 5/13/2021 after the market close of $0.79, beating estimates of $0.312 per share.

Home Depot (HD) reported earnings on 5/18/2021 before the market open of $3.86, beating estimates of $3.04 per share.

Walmart (WMT) reported earnings on 5/18/2021 before the market open of $1.69, beating estimates of $1.216 per share.

Cisco (CSCO) reports earnings on 5/19/2021 after the market close of $0.83, beating estimates of $0.742 per share.

Salesforce (CRM) reports earnings of 5/27/2021 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 171.07 (+0.58%) is up +8.70% in 2021.

Financial Calendar

9:45 AM ET PMI Composite Flash

10:00 AM ET Existing Home Sales

1:00 PM ET Baker Hughes Rig Count

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