DJIA Market Happenings For Tuesday, November 30, 2021 – Salesforce (CRM) +33.34% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Disney (DIS).

The Market

Premarket today, the Dow was indicated to open down -284 points.

Monday the Dow closed up +236.40 (+0.68%) at 35,135.94.

Year-to-date the Dow is up +14.80%.

There were 18 Dow stocks up Monday.

The Dow stock winner Monday were led by Salesforce (CRM) 296.74 (+4.41%), UnitedHealth (UNH) 452.00 (+2.75%) and Intel (INTC) 50.00 (+2.50%).

The Dow stock losers Monday were led by Merck (MRK) 74.89 (-5.39%), Walmart (WMT) 142.63 (-1.57%) and Caterpillar (CAT) 195.92 (-1.41%).

Dow futures are down sharply as omicron fears resurface.

Federal Reserve Chairman Jerome Powell, according to prepared remarks, is set to tell a Senate Banking Committee hearing Tuesday he believes the omicron variant and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.” Treasury Secretary Janet Yellen joins Powell for their quarterly report to Congress as part of the March 2020 Covid economic relief legislation. They go before the House Financial Services Committee on Wednesday.

President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of omicron. The U.S. on Monday began to temporarily bar visitors from South Africa, where scientists first reported the strain, and from Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi.

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

The national average price of gasoline is down four-tenths of a cent at $3.390 per gallon.

Earnings Reports

Salesforce (CRM) reports earnings on 11/30/2021 after the close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 296.74 (+4.41%) is up +33.34% in 2021.

Financial Calendar

08:55 AM ET Redbook (YoY)
09:00 AM ET House Price Index (YoY)
09:00 AM ET House Price Index (MoM)
09:00 AM ET House Price Index
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY)
09:45 AM ET Chicago PMI
10:00 AM ET CB Consumer Confidence
10:00 AM ET Fed Chair Powell Testifies
10:00 AM ET Treasury Secretary Yellen Speaks
10:30 AM ET Dallas Fed Services Revenues
10:30 AM ET FOMC Member Williams Speaks
10:30 AM ET Texas Services Sector Outlook
11:30 AM ET 52-Week Bill Auction
12:00 PM ET German Buba Vice President Buch Speaks
13:00 PM ET FOMC Member Clarida Speaks
16:30 PM ET API Weekly Crude Oil Stock

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