There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Merck (MRK).
Premarket today, the Dow was indicated to open down -636 points.
Friday the Dow closed down -166.44 (-0.48%) at 34,584.88.
Year-to-date the Dow is up +13.00%.
There were 6 Dow stocks up Friday.
The Dow stock winners Friday were led by Amgen (AMGN) 219.38 (+0.93%), UnitedHealth (UNH) 420.16 (+0.80%) and American Express (AXP) 163.92 (+0.79%).
The Dow stock losers Friday were led by Dow (DOW) 57.75 (-2.89%), Caterpillar (CAT) 199.75 (-1.89%) and Apple (AAPL) 146.06 (-1.83%).
Global stock markets tumbled Monday, with Dow futures’ decline of nearly 650 points, or nearly 2%, leading the way lower in the United States.
Hong Kong’s Hang Seng Index dropped more than 3% overnight on concern about a possible market contagion stemming from embattled Chinese property developer Evergrande Group, which is teetering on bankruptcy.
The Federal Reserve’s two-day September policy meeting, which starts Tuesday, is also a wild card for markets. Central bankers are considering when to begin tapering bond purchases against a backdrop of elevated inflation and a recovering economy. Fed Chairman Jerome Powell has maintained that rising prices pressures will be temporary.
U.S. Treasury Secretary Janet Yellen issued another plea to Congress to raise the federal debt ceiling. In a Wall Street Journal op-ed Sunday, Yellen said failure to do so would lead to a first-ever U.S. default and a historic financial crisis that would compound the damage from the Covid pandemic. Yellen, chair of the Fed before Powell, said last week that the Treasury would exhaust its emergency efforts to make payments on debt already incurred sometime in October.
The 10-year Treasury yield, which moves inversely to price, dropped Monday to around 1.31%.
U.S. oil prices fell 2% on Monday.
Pfizer and BioNTech said Monday their Covid vaccine is safe and generates a “robust” immune response in a clinical trial of kids 5 to 11. The companies tested a two-shot regimen of about a third the dosage used for adolescents and adults administered three weeks apart. Pfizer and BioNTech will submit their findings to the FDA and other U.S. regulators “as soon as possible.”
The FDA is expected to issue a decision sometime this week on which groups are eligible to get a third dose, or booster shot, of the Pfizer’s Covid vaccine. An FDA advisory committee Friday unanimously recommended Pfizer booster shots for people 65 and older and other vulnerable Americans.
US futures are lower, European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is up two-tenths of a cent at $3.195 per gallon.
Nike (NKE) reports earnings on 9/23/2021 after the market close.
Today’s Featured Dow Stock
Salesforce (CRM) 260.53 (-1.89%) is up +17.08% in 2021.
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