The Dow Market Happenings For Wednesday, November 10, 2021 – Nike (NKE) +22.87% YTD

Dow stocks hitting 52 week highs include Salesforce (CRM) and Chevron (CVX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -64 points.

Tuesday the Dow closed down -112.24 (-0.31%) at 36,319.98.

Year-to-date the Dow is up +18.67%.

There were 13 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) 173.82 (+1.15%), Honeywell (HON) 227.75 (+0.89%) and Cisco (CSCO) 57.44 (+0.77%).

The Dow stock losers Tuesday were led by Visa (V) 213.39 (-3.22%), Caterpillar (CAT) 209.81 (-2.07%) and IBM (IBM) 120.85 (-1.67%).

The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago. Estimates were for 5.9%.

The Labor Department reported real wages after inflation fell 0.5% from September to October, the product of a 0.4% increase in average hourly earnings that was more than offset by the CPI surge.

Due the Veterans Day holiday on Thursday, the government issued its weekly look at initial jobless claims one day early. Initial claims for jobless benefits edged lower to 267,000, a fresh pandemic-era low after declining 4,000 from the previous week. That was below estimates for 269,000.

Continuing claims, which run a week behind, increased by 59,000 to 2.16 million, while the total receiving benefits under all programs fell by 107,095 to 2.56 million. The latter number was at 21.7 million a year ago.

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

The national average price of gasoline is down two-tenths of a cent at $3.417 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.

Home Depot (HD) reports earnings on 11/16/2021 before the open.

Walmart (WMT) reports earnings on 11/16/2021 before the open.

Cisco (CSCO) reports earnings on 11/17/2021 after the close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 173.82 (+1.15%) is up +22.87% in 2021.

Financial Calendar

8:30 AM ET Initial jobless claims

8:30 AM ET Continuing jobless claims

8:30 AM ET Consumer price index

8:30 AM ET Core CPI

10:00 AM ET Wholesale inventories (revision)

2:00 PM ET Federal budget

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