The Dow Market Happenings For Friday, June 18, 2021 – Caterpillar (CAT) +15.07% YTD

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 -303 points.

Thursday the Dow was down -210.22 (-0.62%) at 33,823.45.

Year-to-date the Dow is up +10.51%.

There were 12 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Microsoft (MSFT) 260.90 (+1.37%), Apple (AAPL) 131.79 (+1.26%) and Visa (V) 232.15 (+1.11%).

The Dow stock losers Thursday were led by Caterpillar (CAT) 209.45 (-3.55%), Dow (DOW) 63.54 (-3.13%) and JPMorgan (JPM) 151.76 (-2.89%).

Dow futures are down -63 points Thursday, one day after the 30-stock average closed off 265 points, or nearly 0.8%, as the Federal Reserve moved up its timetable on interest rate hikes.

U.S. stock futures are down sharply Friday as the Dow looks set up for its first five-session losing streak since January.

The 10-year Treasury yield continues to fluctuate after Wednesday’s Fed-driven spike to nearly 1.6%, trading Friday around 1.5%. Yields drifted lower despite rising inflation expectations from the Fed. The central bank on Wednesday afternoon also signaled two interest rate hikes in 2023. In March, policymakers said they saw no increases until at least 2024. Fed Chairman Jerome Powell has said he’s willing to let inflation run above the Fed’s traditional 2% target rate before adjusting policy in order to allow the economy more room to recover from the depths of the Covid pandemic.

Most federal workers will observe Juneteenth on Friday because the new holiday marking the end of slavery in the U.S. falls on a Saturday this year. The New York Stock Exchange will not close for Juneteenth but will evaluate closing for it in 2022. On Thursday, President Joe Biden signed a bill establishing Juneteenth, celebrated on June 19, as the first new federal holiday since Martin Luther King Jr. Day in 1983. Juneteenth marks the day in 1865 when Union soldiers arrived Galveston, Texas, and officially ended slavery in the state. It happened more than two years after then-President Abraham Lincoln issued the Emancipation Proclamation.

US futures are lower, European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down two-tenths of a cent at $3.073 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 209.45 (-3.55%) is up +15.07% in 2021.

Financial Calendar

1:00 PM ET Baker Hughes Rig Count

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