DJIA Market Happenings For Wednesday, September 1, 2021 – Procter & Gamble (PG) +2.34% 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 up +50 points.

Tuesday the Dow closed down -39.11 (-0.11%) at 35,360.73.

Year-to-date the Dow is up +15.53%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Walgreens (WBA) 50.75 (+4.36%), American Express (AXP) 165.96 (+1.03%) and IBM (IBM) 140.34 (+0.99%).

The Dow stock losers Tuesday were led by Nike (NKE) 164.74 (-1.96%), Dow (DOW) 62.90 (-1.69%) and Chevron (CVX) 96.77 (-1.65%).

The Dow Jones Industrial Average rose 1.2% in August.

ADP said on Wednesday that U.S. companies added just 374,000 jobs in August, far short of estimates for 600,000. ADP’s look at July private sector jobs gains was also a big miss. These numbers have not been a great barometer during Covid of what the government’s monthly jobs data might show. Economists expect the Labor Department’s report Friday to show 720,000 nonfarm payrolls additions in August and a dip in the nation’s unemployment rate to 5.2%. The economy created a better-than-expected 943,000 new jobs in July as the unemployment rate dropped to 5.4%. The latest weekly tally of initial jobless claims is out Thursday.

CDC director Dr. Rochelle Walensky is advising unvaccinated Americans against traveling over the Labor Day weekend, as the U.S. battles a surge in Covid hospitalizations driven by the spread of the highly contagious delta variant. Walensky on Tuesday also recommended spending time outside with other vaccinated family members during the holiday, urging people to wear masks indoors. As of Monday, the seven-day average of new daily Covid cases in the U.S. rose 6% to nearly 160,000. Over the same period, new U.S. Covid deaths on average increased 29% from a week ago to 1,329.

US futures are higher, European stocks are higher and Asian markets ended mostly higher. Ahead of Wednesday’s open, the Dow was just over 0.7% away from last month’s record close.

The national average price of gasoline is up 1.5 cents at $3.174 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 142.39 (-0.38%) is up +2.34% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

10:30 AM ET EIA Petroleum Status Report

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781