The Dow Market Happenings For Friday, May 26, 2017

Dow stocks at 52 week highs include Boeing (BA), Microsoft (MSFT), Visa (V) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -15 points.

Thursday the Dow was up +70.53 (+0.34%) at 21,082.95.

Year-to-date the Dow is up +6.68%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by UnitedHealth (UNH) +1.40% and Travelers (TRV) +1.37%.

The Dow stock losers Thursday were led by Dupont (DD) -1.26% and General Electric (GE) -1.22%.

Chevron (CVX -1.05%) was downgraded to ‘Underperform’ from ‘Neutral’ at Exane BNP Paribas with its price target lowered to $100 from $105.

European stocks are mostly mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.374 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +4.04% year-to-date.

Financial Calendar

0830 ET Revised Q1 GDP expected +0.9% (q/q annualized), previous +0.7% (q/q annualized). Q1 personal consumption expected +0.4%, previous +0.3%. Q1 GDP price index expected unrevised at +2.3%. Q1 core PCE deflator expected unrevised at +2.0% q/q.

0830 ET Apr durable goods orders expected -1.5% and +0.4% ex transportation, Mar +0.9% and unch ex transportation. Apr capital goods orders non-defense ex-aircraft expected +0.5%, Mar +0.5%.

1000 ET Revised-May University of Michigan U.S. consumer sentiment expected -0.2 to 97.5, prelim-May +0.7 to 97.7.

1200 ET USDA Apr Cattle on Feed.

DJIA Market Happenings For Thursday, May 25, 2017

Dow stocks at 52 week highs include McDonald’s (MCD), Visa (V) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +70 points.

Wednesday the Dow was up +74.51 (+0.36%) at 21,012.42.

Year-to-date the Dow is up +6.32%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +1.91% and Coco Cola (KO) +1.44%.

The Dow stock losers Wednesday were led by General Electric (GE) -1.59% and Verizon (VZ) -0.97%.

Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 234,000 for the week ended May 20. The increase followed three straight weeks of declines. Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists had forecast first-time applications for jobless benefits rising to 238,000 in the latest week.

European stocks are mostly mostly lower and Asian markets ended higher.

The national average price of gasoline is up five-tenths of a cent at $2.372 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -9.75% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 238,000, previous -4,000 to 232,000. Weekly continuing claims expected +27,000 to 1.925 million, previous -22,000 to 1.898 million.

0830 ET Apr wholesale inventories expected +0.2%, Mar -0.1%. Apr retail inventories, Mar +0.4%.

0830 ET USDA weekly Export Sales.

1000 ET Fed Governor Lael Brainard takes part in a discussion on the global economy at the Center for Global Developments Voices of Experience.

1100 ET May Kansas City Fed manufacturing activity expected +3 to 10, Apr -13 to 7.

1300 ET Treasury auctions $28 billion of 7-year T-notes.

2200 ET St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at Keio University in Tokyo.

n/a OPEC meeting.

The Dow Market Happenings For Wednesday, May 24, 2017

Dow stocks at 52 week highs include Visa (V) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Tuesday the Dow was up +43.08 (+0.21%) at 20,937.91.

Year-to-date the Dow is up +5.95%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +1.68% and Caterpillar (CAT) +1.31%.

The Dow stock losers Tuesday were led by Home Depot (HD) -0.72% and Disney (DIS) -0.57%.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up six-tenths of a cent at $2.367 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +11.74% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -2.7% and refi sub-index -5.7%.

0900 ET Mar FHFA house price index expected +0.5% m/m, Feb +0.8% m/m. Q1 house price index, Q4 +1.5% q/q.

1000 ET Apr existing home sales expected -1.1% to 5.65 million, Mar +4.4% to 5.71 million.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion of 2-year floating-rate notes.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

1400 ET Minutes of the May 2-3 FOMC meeting.

1800 ET Dallas Fed President Robert Kaplan (voter) speaks at an event in Toronto.