The Dow Market Happenings For Wednesday, September 27, 2023 – American Express (AXP) 151.12 Up +2.28% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Walgreens (WBA) 21.34 (+1.04%).

The Market

Premarket today, the Dow was indicated to be up +127 points.

Tuesday the Dow closed down 388.00 (-1.14%) at 33,618.88.

Year-to-date the Dow is up +1.42%.

Tuesday, (2) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Tuesday were Amgen (AMGN) 269.04 (+0.82%) and Travelers (TRV) 167.96 (+0.07%).

The Dow stock losers Tuesday were led by Apple (AAPL) 171.96 (-2.34%), IBM (IBM) 143.24 (-2.21%), Honeywell (HON) 187.89 (-2.07%) and Salesforce (CRM) 202.49 (-1.87%).

The VIX closed Tuesday at 18.94 (+12.07%) and the 10 YR at 4.538 (-0.44%). The VIX is currently at 18.22 (-3.80%). The 10YR is at 4.499 (-1.29%).

The benchmark 10-year Treasury yield falls, pulling back from its highest levels since 2007. The 2-year Treasury yield also fell from a recent multiyear high.

The Commerce Department reported Wednesday morning that orders for durable goods rose 0.2% in August. Estimates were for a decline of 0.5%.

The U.S. dollar index was near session highs at 106.349 in early trading Wednesday. That’s the highest level of the year going back to Nov. 30, 2022 when the index reached a high of 107.195. The dollar index is up 2.6% this month, headed for its best month since May when it gained 2.62%. If it closes the month up by more than 2.62%, it will be the best month since February when the index rose 2.72%. The dollar index is up 3.33% this quarter, or its best since the third quarter of 2022 when the index climbed 7.1%.

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

The national average price of gasoline is down six-tenths of a cent at $3.832 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/28/23 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 151.12 (-1.38%) is up +2.28% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.31%
07:00 AM ET MBA Mortgage Applications (WoW), 5.4%
07:00 AM ET MBA Purchase Index, 147.0
07:00 AM ET Mortgage Market Index, 192.1
07:00 AM ET Mortgage Refinance Index, 415.4
08:30 AM ET Core Durable Goods Orders (MoM) (Aug), 0.1%, 0.5%
08:30 AM ET Durable Goods Orders (MoM) (Aug), -0.5%, -5.2%
08:30 AM ET Durables Excluding Defense (MoM) (Aug), -5.5%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Aug), 0.0%, 0.1%
10:30 AM ET Crude Oil Inventories, -1.650M, -2.135M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.496M
10:30 AM ET Crude Oil Imports, -3.042M
10:30 AM ET Cushing Crude Oil Inventories, -2.064M
10:30 AM ET Distillate Fuel Production, -0.229M
10:30 AM ET EIA Weekly Distillates Stocks, -2.000M, -2.867M
10:30 AM ET Gasoline Production, 0.499M
10:30 AM ET Heating Oil Stockpiles, -0.109M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -1.8%
10:30 AM ET Gasoline Inventories, -0.050M, -0.831M
13:00 PM ET 5-Year Note Auction, 4.400%

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