DJIA Market Happenings For Wednesday, November 3, 2021 – Chevron (CVX) +34.79% YTD

Dow stocks hitting 52 week highs include Goldman Sachs (GS), McDonald’s (MCD), Merck (MRK) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -76 points.

Tuesday the Dow closed up +138.79 (+0.39%) at 36,052.63. It’s first close above 36,000.

Year-to-date the Dow is up +17.79%.

There were 18 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Cisco (CSCO) 57.62 (+2.71%), Amgen (AMGN) 214.26 (+2.13%) and Dow (DOW) 58.47 (+1.79%).

The Dow stock losers Tuesday were led by Visas (V) 209.14 (-1.56%), Boeing (BA) 212.77 (-0.84%) and Travelers (TRV) 158.82 (-0.81%).

Tuesday was another record DJIA close.

The Federal Reserve’s two-day November meeting ends today.

ADP said Wednesday that U.S. companies added a much better-than-expected 571,000 jobs in October. During the pandemic, ADP has not been a great indicator of the government’s jobs report, which will be released Friday.

Children ages 5 to 11 will be able to get a Covid-19 vaccine after the CDC cleared Pfizer’s doses for younger kids Tuesday night, allowing many parents across the U.S. to breathe a sigh of relief. Vaccinations for young kids are expected to begin immediately. The FDA granted emergency approval for the shots Friday. The White House said Monday it began the process of moving 15 million doses from Pfizer’s freezers and facilities to distribution centers.

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

The national average price of gasoline is up two-tenths of a cent at $3.403 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 10/13/2021 before the open with $3.74, beating estimates calling for $2.996 per share.

UnitedHealth (UNH) reported earnings on 10/14/2021 before the open with $4.52, beating estimates calling for $4.414 per share.

Walgreens (WBA) reported earnings on 10/14/2021 before the open with $1.17, beating estimates calling for $1.028 per share.

Goldman Sachs (GS) reported earnings on 10/15/2021 before the open with $14.93, crushing estimates calling for $10.18 per share.

Johnson & Johnson (JNJ) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.367 per share.

Procter & Gamble (PG) reported earnings on 10/19/2021 before the open with $1.61, beating estimates of $1.594 per share.

Travelers (TRV) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.002 per share.

Verizon (VZ) reported earnings on 10/20/2021 before the open with $1.55, beating estimates of $1.358 per share.

IBM (IBM) reported earnings on 10/20/2021 after the close with $2.52, beating estimates of $2.487 per share.

Dow (DOW) reported earnings on 10/21/2021 before the open with $2.75, beating estimates of $2.596 per share.

Intel (INTC) reported earnings on 10/21/2021 after the close with $1.71, beating estimates of $1.107 per share.

Honeywell (HON) reported earnings on 10/22/2021 before the open with $2.02, beating estimates of $2.008 per share.

American Express (AXP) reported earnings on 10/22/2021 before the open with $2.27, beating estimates of $1.78 per share.

3M (MMM) reported earnings on 10/26/2021 before the open with $2.45, beating estimates of $2.182 per share.

Microsoft (MSFT) reported earnings on 10/26/2021 after the close with $2.27, beating estimates of $2.058 per share.

Visa (V) reported earnings on 10/26/2021 after the close with $1.62, beating estimates of $1.528 per share.

Coca Cola (KO) reported earnings on 10/27/2021 before the open with $0.65, beating estimates of $0.576 per share.

McDonald’s (MCD) reported earnings on 10/27/2021 before the open with $2.76, beating estimates of $2.456 per share.

Boeing (BA) reported earnings on 10/27/2021 before the open with -$0.60, missing estimates of -$0.168 per share.

Caterpillar (CAT) reported earnings on 10/28/2021 before the open with $2.66, beating estimates of $2.257 per share.

Merck (MRK) reported earnings on 10/28/2021 before the open with $1.75, beating estimates of $1.542 per share.

Apple (AAPL) reported earnings on 10/28/2021 after the close with $1.24, almost meeting estimates of $1.244 per share.

Chevron (CVX) reported earnings on 10/29/2021 before the open with $2.96, beating estimates of $2.214 per share.

Amgen (AMGN) reported earnings on 11/2/2021 after the close with $4.67, beating estimates of $4.22 per share.

Disney (DIS) reports earnings on 11/10/2021 after the close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 113.83 (-0.61%) is up +34.79% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET 3-Yr Note Announcement

8:30 AM ET 10-Yr Note Announcement

8:30 AM ET 30-Yr Bond Announcement

8:30 AM ET Treasury Refunding Announcement

9:45 AM ET PMI Composite Final

10:00 AM ET Factory Orders

10:00 AM ET ISM Services Index

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Announcement

2:30 PM ET Fed Chair Press Conference

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