DJIA Market Happenings For Tuesday, October 12, 2021 – Microsoft (MSFT) +32.29% YTD


There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Amgen (AMGN) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +20 points.

Monday the Dow closed down -250.19 (-0.72%) at 34,496.06.

Year-to-date the Dow is up +12.71%.

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by Home Depot (HD) 336.97 (+0.79%), Salesforce (CRM) 273.75 (+0.417%) and Procter & Gamble (PG) 142.32 (+0.42%).

The Dow stock losers Monday were led by Visa (V) 225.11 (-2.24%), JPMorgan (JPM) 166.64 (-2.10%) and Verizon (VZ) 52.18 (-1.99%).

U.S. stock futures were steady Tuesday as elevated bond yields and U.S. oil prices dipped. West Texas Intermediate crude was still around seven-year highs above $80 per barrel. The 10-year Treasury yield was trading back to June highs at about 1.6% ahead of the government’s 10 a.m. ET release of its latest Job Openings and Labor Turnover Survey. Economists expect 10.9 million job openings as of the end of August, unchanged from the record level posted at the end of July.

The House is set to vote Tuesday to approve a short-term debt ceiling hike, sending the measure to President Joe Biden for his signature. The $480 billion compromise increase will allow the federal government to pay its bills until early December. It cleared the Senate last week in a party-line Democratic vote. The standoff over an Oct. 18 deadline ended when Senate GOP leader Mitch McConnell agreed to help pass the short-term increase. But he insists he won’t do it again. McConnell wants Democrats to use their slim majorities on Capitol Hill to act alone on the debt ceiling through the reconciliation process.

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

The national average price of gasoline is up five-tenths of a cent at $3.279 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Verizon (VZ) reports earnings on 10/20/2021 before the open.

IBM (IBM) reports earnings on 10/20/2021 after the close.

Dow (DOW) reports earnings on 10/21/2021 before the open.

Intel (INTC) reports earnings on 10/21/2021 after the close.

Honeywell (HON) reports earnings on 10/22/2021 before the open.

American Express (AXP) reports earnings on 10/22/2021 before the open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 294.23 (-0.21%) is up +32.29% in 2021.

Financial Calendar

6:00 AM ET NFIB Small Business Optimism Index

8:55 AM ET Redbook

10:00 AM ET JOLTS

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 6-Month Bill Auction

11:30 AM ET 3-Yr Note Auction

1:00 PM ET 3-Month Bill Auction

1:00 PM ET 10-Yr Note Auction

The Dow Market Happenings For Monday, October 11, 2021 – Merck (MRK) -1.43% YTD


There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Amgen (AMGN) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +14 points.

Friday the Dow closed down -8.69 (-0.03%) at 34,746.25.

Year-to-date the Dow is up +13.53%.

There were 12 Dow stocks up Friday.

The Dow stock winners Friday were led by Chevron (CVX) 108.05 (+2.24%), IBM (IBM) 143.22 (+0.99%) and UnitedHealth (UNH) 408.46 (+0.93%).

The Dow stock losers Friday were led by Merck (MRK) 80.63 (-1.60%), Verizon (VZ) 53.24 (-1.22%) and Walgreens (WBA) 47.38 (-0.98%).

A huge miss on September employment growth was largely overshadowed by optimism about a short-term debt ceiling deal.

The Dow is about 2.5% away from its Aug. 16 record close.

There was no U.S. bond trading Monday due to the Columbus Day holiday.

U.S. oil prices, measured by West Texas Intermediate crude, surged 3.5% on Monday to more than $82 per barrel after rising nearly 4.6% last week. Gasoline prices at the pump were also at seven-year highs, around $3.27 per gallon, according to AAA.

Treasury Secretary Janet Yellen said Sunday there’s an “enormous amount at stake” after the Senate approved only a short-term extension of the debt ceiling, again setting up the potential for default in December if lawmakers are unable to make another deal. “A failure to raise the debt ceiling would probably cause a recession,” Yellen reiterated.

This week JPMorgan Chase (JPM) and Goldman Sachs (GS) report their third-quarter earnings.

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

The national average price of gasoline is up five-tenths of a cent at $3.274 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Verizon (VZ) reports earnings on 10/20/2021 before the open.

IBM (IBM) reports earnings on 10/20/2021 after the close.

Dow (DOW) reports earnings on 10/21/2021 before the open.

Intel (INTC) reports earnings on 10/21/2021 after the close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 80.63 (-1.60%) is down -1.43% in 2021.

Financial Calendar

None Scheduled

DJIA Market Happenings For Friday, October 8, 2021 – 3M (MMM) +1.72% YTD

Dow stocks hitting 52 week highs include JPMorgan (JPM) and McDonald’s (MCD). Dow stock 52 week lows include Amgen (AMGN) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open down -34 points.

Thursday the Dow closed up +337.95 (+0.98%) at 34,754.94.

Year-to-date the Dow is up +13.55%.

There were 26 Dow stocks up Thursday.

The Dow stock winners Thursday were led by UnitedHealth (UNH) 404.70 (+2.65%), Dow (DOW) 58.51 (+2.36%) and Home Depot (HD) 337.48 (+2.16%).

The Dow stock losers Thursday were led by Amgen (AMGN) 209.12 (-0.41%), IBM (IBM) 141.81 (-0.39%) and 3M (MMM) 177.80 (-0.34%).

Friday’s jobs report, which will be key as the Federal Reserve decides whether to slow its massive Covid-era bond-buying program, showed just 194,000 nonfarm payrolls were created in September. The consensus estimate had called for 500,000 additions. The headline number was hurt by a 123,000 decline in government payrolls. However, private payrolls increased by 317,000. ADP’s look at private sector jobs trends, released Wednesday, showed a brisk pace of hiring last month despite concerns about elevated Covid cases. The nation’s unemployment rate fell to 4.8% last month, according to the Labor Department, compared with expectations for 5.1%. August’s jobs growth was revised sharply higher by 131,000 positions to 366,000.

The 10-year Treasury yield dropped following the jobs data, trading around 1.56%.

The Senate approved Thursday night a compromise bill that allows for a short-term, $480 billion increase in the nation’s debt ceiling. That sum, the Treasury Department estimates, would last until Dec. 3. The legislation now moves to the House, where Speaker Nancy Pelosi, D-Calif., is expected to take it up in the coming days. While avoiding the approaching Oct. 18 deadline for an unprecedented U.S. default, the measure gives Democrats nearly two months to figure out how to raise the debt limit through the reconciliation process with no Republican votes.

US futures are mostly lower, European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up 1.6 cents at $3.260 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Verizon (VZ) reports earnings on 10/20/2021 before the open.

IBM (IBM) reports earnings on 10/20/2021 after the close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 177.80 (-0.34%) is up +1.72% in 2021.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Wholesale Inventories (Preliminary)

1:00 PM ET Baker Hughes Rig Count