The Dow Market Happenings For Friday, September 17, 2021 – Caterpillar (CAT) +11.86% YTD

There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Merck (MRK).

The Market

Premarket today, the Dow was indicated to open down -9 points.

Thursday the Dow closed down -63.07 (-0.18%) at 34,751.32.

Year-to-date the Dow is up +13.54%.

There were 7 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Salesforce (CRM) 260.36 (+1.64%), McDonald’s (MCD) 243.21 (+0.93%) and Home Depot (HD) 336.39 (+0.91%).

The Dow stock losers Thursday were led by Goldman Sachs (GS) 396.68 (-1.31%), Dow (DOW) 59.47 (-1.21%) and Merck (MRK) 71.97 (-1.15%).

The Federal Reserve holds its two-day September policy meeting next week.

Fed Chairman Jerome Powell has called for a review of the central bank’s ethics rules for appropriate financial activities after disclosures that several senior Fed officials held significant investments and others made multimillion-dollar stock trades in 2020. Last year was when monetary policymakers were implementing extraordinary measures to support the crumbling economy during the pandemic. News of the Powell inquiry followed letters sent by Sen. Elizabeth Warren, D-Mass., to the Fed’s regional bank presidents demanding stricter ethics.

The FDA vaccine advisory committee meets Friday to debate and vote on Pfizer’s application to offer vaccine booster shots to the general public.

Biden convenes world leaders Friday for a discussion about efforts to tackle climate change, seeking to build momentum ahead of an international summit on global warming later this year. Biden has been repeatedly emphasizing climate change, a top domestic and global priority, in recent weeks following devastating floods and wildfires in the U.S. Biden is trying to make the Oct. 31-Nov. 12 U.N. climate conference in Glasgow, Scotland, a success.

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

The national average price of gasoline is up three-tenths of a cent at $3.194 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/23/2021 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 203.60 (-1.04%) is up +11.86% in 2021.

Financial Calendar

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count

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