DJIA Market Happenings For Tuesday, March 7, 2023 – Visa (V) 226.75 Up +9.14% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -22 points.

Monday the Dow closed up +40.47 (+0.12%) at 33,431.44.

Year-to-date the Dow is up +0.86%.

Monday, (13) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Merck (MRK) 111.19 (+3.95%), Apple (AAPL) 153.83 (+1.85%) and Coca Cola (KO) 60.36 (+1.55%).

The Dow stock losers Monday were led by Dow (DOW) 57.11 (-2.07%), Walgreens (WBA) 35.45 (-1.77%) and Intel (INTC) 25.99 (-1.55%).

The VIX closed Monday at 18.61 (+0.65%). The VIX is currently at 18.87 (+1.40%).

Tuesday Federal Reserve Chairman Jerome Powell will appear before the Senate Banking Committee, and on Wednesday he will face the House Financial Services Committee.

January wholesale inventories data is set to be release Tuesday after the opening bell, giving investors insight into the consumer economy. Economists expect a decline of 0.4%, compared to a rise of 0.1% in the prior reading.

Consumer credit data is expected Tuesday afternoon and is forecasted to show a rise of $22 billion in January. That would follow a $11.6 billion increase the prior month.

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

The national average price of gasoline is up 1.2 cents at $3.417 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 3/21/23 after the market close.

Walgreens (WBA) reports earnings on 3/28/23 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

Visa (V) 226.75 (+1.33%) is up +9.14% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 5.3%
10:00 AM ET Fed Chair Powell Testifies
10:00 AM ET IBD/TIPP Economic Optimism, 45.1
10:00 AM ET Wholesale Inventories (MoM) (Jan), -0.4%, 0.1%
10:00 AM ET Wholesale Trade Sales (MoM) (Jan), -0.3%, -1.4%
12:00 AM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction, 4.073%
15:00 PM ET Consumer Credit (Jan), 20.00B, 11.56B
16:30 PM ET API Weekly Crude Oil Stock, 6.203M

Both comments and pings are currently closed.

Comments are closed.