Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
Login Archives Your Team About Us FAQ
[mmpazkzone name="azk58712-mobile-nav" network="9794" site="307044" id="222451" type="5"]
  • Subscribe
Enter stock ticker or keyword
×
[mmpazkzone name="azk58712-mobile-sticky" network="9794" site="307044" id="222451" type="5"]
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Dow Jones
Stocks: amzn, FDX, MON, SPLS

Dow Jones News Today: Stock Prices Climb Ahead of Blue Apron IPO

By Garrett Baldwin, Executive Producer, Money Morning • June 28, 2017

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Garrett BaldwinGarrett Baldwin

In Dow Jones news today, stock prices climbed ahead of the Blue Apron IPO, one of the most anticipated public offerings since Snap Inc. (NYSE: SNAP).

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Closing Point Change Percentage Change
Dow Jones 21,454.61 +143.95 +0.68%
S&P 500 2,440.69 +21.31 +0.88%
Nasdaq 6,234.41 +87.79 +1.43%

Now here's a closer look at today's most important market events and stocks, plus Thursday's economic calendar.

The Five Top Stock Market Stories for Wednesday

  • Banking stocks helped push the Dow higher thanks to a slight uptick in U.S. 10-year Treasury bonds and a widening spread between bond prices set for different maturity dates. Shares of Bank of America Corp. (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) both climbed today.
  • Republicans are facing a serious uphill challenge to replace and repeal the Affordable Healthcare Act. The criticism is not only coming from Democrats on the hill, but also from the American public. According to a poll from USA Today, support for the Republican plan sits at just 12%. Polls from NewsHour/Marist and Quinnipiac University don't fare much better. The Republicans are looking for ways to garner support after five members of their party said they would not support the current form of the bill. The Senate has delayed any vote until after the July 4 weekend.

Must See: This small $6 U.S. defense firm with a new top-secret technology could help the Pentagon stop a Chinese sneak attack dead in its tracks. Read more...

  • In IPO news, Blue Apron Holdings Inc. (NYSE: APRN) slashed its IPO range for its debut to a range of $10 to $11. That range is much lower than the $15 to $17 previously expected. The expected valuation dropped from $3.2 billion to a little under $2.1 billion. So what went wrong? Investors are worried about the impact Amazon.com Inc. (Nasdaq: AMZN) will have in the global food and grocery business. Blue Apron is the first meal-kit company to go public. Before tomorrow, make sure to read our free and exclusive Blue Apron Stock and IPO Guide.

Blue Apron stock and IPO

  • Crude oil prices pressed higher after the U.S. Energy Information Administration announced a larger-than-expected decline in U.S. gasoline inventories. The WTI crude oil price today added 1.2%. Brent crude gained 1.5%.
  • Finally, President Donald Trump is drawing criticism after he accused Amazon of not paying "Internet taxes." The attack was aimed at Amazon and its newspaper subsidiary, The Washington Post.

Four Stocks to Watch Wednesday: MON, SPLS, FDX, PIR

  • Shares of Monsanto Co. (NYSE: MON) added 1.2% after the global agricultural giant topped Wall Street earnings expectations. The company reported earnings per share (EPS) of $1.93 on top of $4.23 billion in revenue. Those numbers surpassed consensus expectations of $1.74 over $4.09 billion in revenue.
  • Shares of Staples Inc. (Nasdaq: SPLS) climbed 8.4% and temporarily surpassed $10.00 per share after rumors of a takeover bid hit the markets late in the afternoon. According to CNBC, Sycamore Partners is close to a deal to purchase the firm for $10.25 per share.
  • Shares of FedEx Corp. (NYSE: FDX) added 1.3% despite the company's announcement that yesterday's massive ransomware attack affected its TNT Express operations. Investors have been parsing through the wreckage after the attack disrupted servers and systems in Russia, Ukraine, and the United States.
Video

The 5 Jobs That Robots Will Take First

  • After the bell, look for an important earnings report from retailer Pier 1 Imports Inc. (NYSE: PIR). Wall Street is anticipating a small EPS loss of -$0.05 and $421.2 million in revenue.
  • Additional companies reporting earnings after the bell include HB Fuller Co. (NYSE: FUL), Worthington Industries (NYSE: WOR), and Progress Software Corp. (Nasdaq: PRGS).

Thursday's U.S. Economic Calendar (all times EDT)

  • GDP at 8:30 a.m.
  • Jobless Claims at 8:30 a.m.
  • Corporate Profits at 8:30 a.m.
  • Bloomberg Consumer Comfort Index at 9:45 a.m.
  • EIA Natural Gas Report at 10:30 a.m.
  • Four-Week Bill Announcement at 11 a.m.
  • Three-Month Bill Announcement at 11 a.m.
  • Six-Month Bill Announcement at 11 a.m.
  • Louis Fed Bank President James Bullard speaks at 1 p.m.
  • Farm Prices at 3 p.m.
  • Fed Balance Sheet at 4:30 p.m.
  • Money Supply at 4:30 p.m.

Up Next: 10 Biggest Penny Stock Gainers to Watch in July 2017

Follow Money Morning on Facebook, Twitter, and LinkedIn.

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles |

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us How Money Morning Works FAQs Contact Us Search Article Archive Your Team Text Messaging Terms of Use
TOPICS
AI Investing Best Stocks to Buy Stock Forecasts Stocks to Sell Now Technology Stocks Best REITs to Buy Now IPO Stocks Penny Stocks Dividend Stocks Cryptocurrencies How to Trade Options Best Trades to Make Now Options Trading Strategies Weekly Trade Recommendations Income Investing Guide Retirement Articles Special Investing Reports Meet Our Experts
PREMIUM SERVICES
Money Map Press Home Fast Fortune Club Microcurrency Trader Rocket Wealth Initiative Quantum Data Profits Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information