The Dow Market Happenings For Tuesday, June 22, 2021 – Cisco (CSCO) +18.84% YTD

Dow stocks hitting 52 week highs include Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +32 points.

Monday the Dow was up +586.89 ((+1.76%) at 33,876.97.

Year-to-date the Dow is up +10.69%.

All 30 Dow stocks were up Monday.

The Dow stock winners Monday were led by American Express (AXP) 164.90, Boeing (BA) 245.28 (+3.34%), Chevron (CVX) 106.05 (+2.93%) Travelers (TRV) 148.65 (+2.69%), Goldman Sachs (GS) 357.54 (+2.50%) and IBM (IBM) 146.65 (+2.47%).

The Dow stock losers Monday were not to be found.

The 10-year Treasury yield has bounced around since last week’s Fed-driven spike and Monday’s brief dip to February lows. The 10-year yield ticked lower Tuesday to around 1.47%. Fed Chairman Jerome Powell goes before a House panel in the afternoon, and investors will be looking for more clues on policymakers’ inflation outlook boost and indications of two rate increases in 2023.

In prepared testimony, Powell said the economy is growing but faces continued threats from the Covid pandemic. He also noted that inflation has risen notably but repeated price pressures will be transitory. The Fed has kept short-term lending rates anchored near zero, while buying at least $120 billion of bonds each month.

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

The national average price of gasoline is down two-tenths of a cent at $3.069 per gallon.

Earnings Reports

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

Walgreens (WBA) reports earnings on 7/1/2021 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 53.18 (+2.13%) is up +18.84% in 2021.

Financial Calendar

8:55 AM ET Redbook

10:00 AM ET Existing Home Sales

10:00 AM ET Richmond Fed Manufacturing Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 2-Yr Note Auction

1:00 PM ET Money Supply

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