The Dow Market Happenings For Monday, July 12, 2021 – JPMorgan (JPM) +22.59% YTD

Dow stocks hitting 52 week highs include Apple (AAPL) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -110 points.

Friday the Dow was up +448.23 (+1.30%).

Year-to-date the Dow is up +13.93%.

There were 28 Dow stocks up Friday.

The Dow stock winners Friday were led by Goldman Sachs (GS) 371.76 (+3.57%), Travelers (TRV) 153.33 (+3.24%) and JPMorgan (JPM) 155.77 (+3.20%).

The Dow stock losers Friday were Salesforce (CRM) 245.06 (-0.30%) and Merck (MRK) 77.99 (-0.17%).

Dow futures dropped more than 100 points Monday, indicating a retreat at Wall Street’s open for the 30-stock average from Friday’s record high close. The Dow finished last week jumping 448 points, or 1.3%.

The 10-year Treasury yield dipped Monday to around 1.33% today. The benchmark yield went as low as 1.25% on Thursday to levels not seen since February. The 10-year yield hit a 14-month high of 1.78% in March. It began 2021 at less than 1%.

The banks kick off the quarterly reporting, with JPMorgan Chase (JPM) and Goldman Sachs (GS) on Tuesday.

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

The national average price of gasoline is up three-tenths of a cent at $3.147 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reports earnings on 7/13/2021 before the market open.

JPMorgan (JPM) reports earnings on 7/13/2021 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/2021 before the market open.

IBM (IBM) reports earnings on 7/19/2021 after the market close.

Travelers (TRV) reports earnings on 7/20/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/21/2021 before the market open.

Coca Cola (KO) reports earnings on 7/21/2021 before the market open.

Verizon (VZ) reports earnings on 7/21/2021 before the market open.

Microsoft (MSFT) reports earnings on 7/21/2021 after the market close.

Dow (DOW) reports earnings on 7/22/2021 before the market open.

Intel (INTC) reports earnings on 7/22/2021 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 155.77 (+3.20%) is up +22.59% in 2021.

Financial Calendar

11:30 AM ET 6-Month Bill Auction

11:30 AM ET 3-Yr Note Auction

1:00 PM ET 3-Month Bill Auction

1:00 PM ET 10-Yr Note Auction

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