DJIA Market Happenings For Wednesday, September 22, 2021 – Chevron (CVX) +12.32% 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 +176 points.

Tuesday the Dow closed down -50.63 (-0.15%) at 33,919.84.

Year-to-date the Dow is up +10.83%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by American Express (AXP) 163.27 (+1.68%), Home Depot (HD) 334.22 (+0.91%) and McDonald’s (MCD) 240.50 (+0.59%).

The Dow stock losers Tuesday were led by Disney (DIS) 171.17 (-4.17%), 3M (MMM) 178.42 (-1.17%) and Dow (DOW) 55.53 (-1.16%).

The Fed concludes its two-day September meeting Wednesday, releasing its latest policy statement along with quarterly economic and interest rate forecasts at 2 p.m. ET. Fed Chairman Jerome Powell is expected to brief the media 30 minutes later. The central bank is widely expected to indicate that it’s getting ready to announce a timetable for paring back its $120 billion in monthly purchases of Treasurys and mortgage-backed securities. No change in near-zero rates is expected. Powell has said that raising borrowing costs will be considered separately from tapering.

The House passed a bill to prevent a federal government shutdown and suspend the debt limit in a step toward preventing possible economic calamity. Tuesday’s vote was 220-211, with all Democrats supporting it and all Republicans opposing it. As the measure heads to the Senate, Republicans are threatening to block it, which could leave Democrats scrambling to find another way forward. Congress has to pass a funding plan by Sept. 30 to prevent a shutdown. The U.S. also will exhaust all of its options to keep paying its bills sometime in October, Treasury Secretary Janet Yellen has told congressional leaders.

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

The national average price of gasoline is down two-tenths of a cent at $3.190 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 94.85 (+0.07%) is up +12.32% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

10:00 AM ET EC Consumer Confidence Flash

10:00 AM ET Existing Home Sales

10:30 AM ET EIA Petroleum Status Report

11:30 AM ET 2-Yr FRN Note Auction

2:00 PM ET FOMC Announcement

2:30 PM ET Fed Chair Press Conference

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