The Dow Market Happenings For Tuesday, October 5, 2021 – JPMorgan (JPM) +31.38% 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 +129 points.

Monday the Dow closed down -323.54 (-0.94%) at 34,002.92.

Year-to-date the Dow is up +11.10%.

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by Merck (MRK) 83.10 (+2.09%), IBM (IBM) 144.11 (+0.55%) and Chevron (CVX) 104.72 (+0.37%).

The Dow stock losers Monday were led by Visa (V) 224.73 (-2.49%), Apple (AAPL) 139.14 (-2.46%) and Microsoft (MSFT) 283.11 (-2.07%).

The Dow was more than 4.5% away from its Aug. 16 record close.

Johnson & Johnson (JNJ) said Tuesday it has submitted data to the FDA for emergency use authorization of a booster shot of its Covid vaccine for all adults. J&J shares rose modestly.

Treasury Secretary Janet Yellen said on Tuesday she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. On Monday, President Joe Biden urged Republican senators to “get out of the way” on the debt ceiling. Senate Republican leader Mitch McConnell has said Democrats should use their majorities on Capitol Hill to act without GOP votes.

U.S. oil prices, as measured by West Texas Intermediate crude, rose modestly Tuesday morning to around seven-year highs near $78 per barrel. WTI jumped roughly 2.3% on Monday as international oil producers decided to keep a cap on supplies.

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

The national average price of gasoline is up four-tenths of a cent at $3.204 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 166.95 (-0.11%) is up +31.38% in 2021.

Financial Calendar

8:30 AM ET International Trade in Goods and Services

8:55 AM ET Redbook

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

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