The Dow Market Happenings For Wednesday, September 6, 2023 – Coca Cola (KO) 58.82 Down -7.43% YTD

Dow stocks hitting 52-week highs include Intel (INTC) 36.71 (+0.27%). Dow stock 52-week lows include Walgreens (WBA) 22.73 (-2.99%).

The Market

Premarket today, the Dow was indicated to be down -68 points.

Tuesday the Dow closed down -195.74 (-0.56%) at 34,641.97.

Year-to-date the Dow is up +4.51%.

Tuesday, (8) Dow stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Microsoft (MSFT) 333.55 (+1.49%), Chevron (CVX) 166.46 (+1.31%) and UnitedHealth (UNH) 480.81 (+0.96%).

The Dow stock losers Tuesday were led by Walgreens (WBA) 22.73 (-2.99%), Merck (MRK) 107.51 (-2.12%) and Nike (NKE) 100.32 (-1.99%).

The VIX closed Tuesday at 14.01 (+1.37%) and the 10 YR at 4.255 (-0.16%). The VIX is currently at 14.25 (+1.71%). The 10YR is at 4.250 (-0.28%).

Microsoft (MSFT) rose 1.5% on Tuesday to 333.55, moving above the 50-day moving average for the first time in a month.

Looks like a ho-hum day for The Dow.

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

The national average price of gasoline is down eight-tenths of a cent at $3.803 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 58.82 (-0.83%) is down -7.43% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.31%
07:00 AM ET MBA Mortgage Applications (WoW), 2.3%
07:00 AM ET MBA Purchase Index, 144.9
07:00 AM ET Mortgage Market Index, 189.0
07:00 AM ET Mortgage Refinance Index, 407.1
08:30 AM ET Exports, 247.50B
08:30 AM ET Imports, 313.00B
08:30 AM ET Trade Balance (Jul), -68.00B, -65.50B
08:55 AM ET Redbook (YoY), 4.2%
09:45 AM ET S&P Global Composite PMI (Aug), 50.4, 52.0
09:45 AM ET S&P Global Services PMI (Aug), 51.0, 52.3
10:00 AM ET IBD/TIPP Economic Optimism, 41.1, 40.3
10:00 AM ET ISM Non-Manufacturing Business Activity (Aug), 57.1
10:00 AM ET ISM Non-Manufacturing Employment (Aug), 50.7
10:00 AM ET ISM Non-Manufacturing New Orders (Aug), 55.0
10:00 AM ET ISM Non-Manufacturing PMI (Aug), 52.5, 52.7
10:00 AM ET ISM Non-Manufacturing Prices (Aug), 56.8
10:00 AM ET Milk Auctions, 2,875.0
14:00 PM ET Beige Book
15:00 PM ET Fed Logan Speaks
16:30 PM ET API Weekly Crude Oil Stock, -11.486M

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