DJIA Market Happenings For Wednesday, August 4, 2021 – Boeing (BA) +7.02% YTD

Dow stocks hitting 52 week highs include Cisco (CSCO), Johnson & Johnson (JNJ) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -143 points.

Tuesday the Dow closed up +278.24 (+0.80%) at 35,116.40.

Year-to-date the Dow is up +14.74%.

There were 25 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by IBM (IBM) 144.07 (+1.87%), Amgen (AMGN) 244.08 (+1.79%) and 3M (MMM) 201.03 (+1.78%).

The Dow stock losers Tuesday were led by Disney (DIS) 172.99 (-1..46%), McDonald’s (MCD) 236.95 (-1.31%) and Visa (V) 237.09 (-1.12%).

U.S. stock futures fell Wednesday after weaker-than-expected jobs data.

The 10-year Treasury yield fell Wednesday to around 1.14% after the before-the-bell release of ADP’s July private-sector employment report. U.S. companies added just 330,000 jobs last month, far short of estimates of 653,000 positions. During the Covid-era, the ADP report has not been a great indicator of what the government might report in its July employment report, which is set for release Friday.

The FDA has moved up its timetable to fully approve the Pfizer-BioNTech vaccine. Supposedly, the U.S. regulator’s unofficial deadline is Labor Day or sooner.

The CDC issued a new federal eviction moratorium. The ban, announced Tuesday, will be targeted at areas of the country experiencing high levels of coronavirus infections. It will last for 60 days until Oct. 3. The protection could cover around 90% of renters. The CDC’s original eviction ban, which had been in effect since September, expired at the end of last month.

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

The national average price of gasoline is up six-tenths of a cent at $3.188 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) reported earnings on 7/13/2021 before the market open of $15.02, beating estimates of $10.24 per share.

JPMorgan (JPM) reported earnings on 7/13/2021 before the market open of $3.78, beating estimates of $3.10 per share.

UnitedHealth (UNH) reported earnings on 7/15/2021 before the market open of $4.70, beating estimates of $4.407 per share.

IBM (IBM) reported earnings on 7/19/2021 after the market close of $2.33, beating estimates of $2.252 per share.

Travelers (TRV) reported earnings on 7/20/2021 before the market open of $3.45, beating estimates of $2.346 per share.

Johnson & Johnson (JNJ) reported earnings on 7/21/2021 before the market open of $2.48, beating estimates of $2.28 per share.

Coca Cola (KO) reported earnings on 7/21/2021 before the market open of $0.68, beating estimates of $0.566 per share.

Verizon (VZ) reported earnings on 7/21/2021 before the market open of $1.37, beating estimates of $1.303 per share.

Dow (DOW) reported earnings on 7/22/2021 before the market open of $2.72, beating estimates calling for $2.477 per share.

Intel (INTC) reported earnings on 7/22/2021 after the market close of $1.28, beating estimates of $1.057 per share.

American Express (AXP) reported earnings on 7/23/2021 before the market open of $2.80, beating estimates of $1.641 per share.

Honeywell (HON) reported earnings on 7/23/2021 before the market open of $2.02, beating estimates of $1.938 per share.

3M (MMM) reported earnings on 7/27/2021 before the market open of $2.59, beating estimates of $2.245 per share.

Apple (AAPL) reported earnings on 7/27/2021 after the market close of $1.30, beating estimates of $1.001 per share.

Microsoft (MSFT) reported earnings on 7/27/2021 after the market close of $2.17, beating estimates of $1.90 per share.

Visa (V) reported earnings on 7/27/2021 after the market close of $1.49, beating estimates of $1.334 per share.

Boeing (BA) reported earnings on 7/28/2021 before the market open of $0.40, beating estimates of -$0.654 per share.

McDonald’s (MCD) reported earnings on 7/28/2021 before the market open of $2.37, beating estimates of $2.123 per share.

Merck (MRK) reported earnings on 7/29/2021 before the market open of $1.30, missing estimates calling for $1.325 per share.

Caterpillar (CAT) reported earnings on 7/30/2021 before the market open of $2.56, beating estimates of $2.36 per share.

Chevron (CVX) reported earnings on 7/30/2021 before the market open of $1.60, beating estimates of $1.536 per share.

Procter & Gamble (PG) reported earnings on 7/30/2021 before the market open of $1.13, beating estimates of $1.083 per share.

Amgen (AMGN) reported earnings on 8/3/2021 after the market close of $4.38, beating estimates of $4.128 per share.

Disney (DIS) reports earnings on 8/12/2021 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 229.09 (+1.66%) is up +7.02% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET Treasury Refunding Announcement

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET 3-Yr Note Announcement

11:00 AM ET 10-Yr Note Announcement

11:00 AM ET 30-Yr Bond Announcement

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