The Dow Market Happenings For Wednesday, September 29, 2021 – Honeywell (HON) +1.07% YTD

Dow stocks hitting 52 week highs include JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +144 points.

Tuesday the Dow closed down -569.38 (-1.63%) at 34,299.99.

Year-to-date the Dow is up +12.07%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were Chevron (CVX) 103.36 (+0.38%) and Caterpillar (CAT) 200.55 (+0.27%).

The Dow stock losers Tuesday were led by Microsoft (MSFT) 283.52 (-3.62%), Salesforce (CRM) 272.28 (-2.65%), Goldman Sachs (GS)389.50 (-2.58%) and Boeing (BA) 218.41 (-2.57%).

U.S. stocks are higher in Wednesday’s premarket as the runup in bond yields moderated.

The 10-year Treasury yield’s spike to three-month highs above 1.567% slammed tech stocks Tuesday.

With two days left in September, the Dow is down 3% for the month.

President Joe Biden canceled a trip to Chicago that was supposed to focus Covid vaccinations so he can stay at the White House on Wednesday to try to build support for his party’s $3.5 trillion budget plan. Democratic leaders want to use their slim majorities in the House and Senate to pass the package of social safety-net spending without GOP support.

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

The national average price of gasoline is up one-tenth of a cent at $3.188 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/23/2021 after the market close of $1.16, beating estimates of $1.119 per share.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 214.97 (-1.34%) is up +1.07% in 2021.

Financial Calendar

10:00 AM ET Pending Home Sales Index

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

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