DJIA Market Happenings For Tuesday, October 12, 2021 – Microsoft (MSFT) +32.29% YTD

There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Amgen (AMGN) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +20 points.

Monday the Dow closed down -250.19 (-0.72%) at 34,496.06.

Year-to-date the Dow is up +12.71%.

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by Home Depot (HD) 336.97 (+0.79%), Salesforce (CRM) 273.75 (+0.417%) and Procter & Gamble (PG) 142.32 (+0.42%).

The Dow stock losers Monday were led by Visa (V) 225.11 (-2.24%), JPMorgan (JPM) 166.64 (-2.10%) and Verizon (VZ) 52.18 (-1.99%).

U.S. stock futures were steady Tuesday as elevated bond yields and U.S. oil prices dipped. West Texas Intermediate crude was still around seven-year highs above $80 per barrel. The 10-year Treasury yield was trading back to June highs at about 1.6% ahead of the government’s 10 a.m. ET release of its latest Job Openings and Labor Turnover Survey. Economists expect 10.9 million job openings as of the end of August, unchanged from the record level posted at the end of July.

The House is set to vote Tuesday to approve a short-term debt ceiling hike, sending the measure to President Joe Biden for his signature. The $480 billion compromise increase will allow the federal government to pay its bills until early December. It cleared the Senate last week in a party-line Democratic vote. The standoff over an Oct. 18 deadline ended when Senate GOP leader Mitch McConnell agreed to help pass the short-term increase. But he insists he won’t do it again. McConnell wants Democrats to use their slim majorities on Capitol Hill to act alone on the debt ceiling through the reconciliation process.

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

The national average price of gasoline is up five-tenths of a cent at $3.279 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.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Verizon (VZ) reports earnings on 10/20/2021 before the open.

IBM (IBM) reports earnings on 10/20/2021 after the close.

Dow (DOW) reports earnings on 10/21/2021 before the open.

Intel (INTC) reports earnings on 10/21/2021 after the close.

Honeywell (HON) reports earnings on 10/22/2021 before the open.

American Express (AXP) reports earnings on 10/22/2021 before the open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 294.23 (-0.21%) is up +32.29% in 2021.

Financial Calendar

6:00 AM ET NFIB Small Business Optimism Index

8:55 AM ET Redbook

10:00 AM ET JOLTS

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 6-Month Bill Auction

11:30 AM ET 3-Yr Note Auction

1:00 PM ET 3-Month Bill Auction

1:00 PM ET 10-Yr Note Auction

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