The Dow Market Happenings For Wednesday, December 7, 2016

There are no Dow stocks at 52 week highs.There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +2 points.

Tuesday the Dow was up +35.54 (+0.18%) at 19,251.78.

Year-to-date the Dow is up +10.48%.

There were 18 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +1.24% and Verizon (VZ) +1.23%..

The Dow stock losers Tuesday were led by Nike (NKE) -2.47% and Home Depot (HD) -0.72%.

Trump’s tweet about Air Force One — “Cancel order!”. Boeing (BA), the largest U.S. exporter, is currently working under a $170 million contract “to help determine the capabilities of this complex military aircraft”. Boeing executives told officials on Trump’s transition team that the cost of a new version of Air Force One could be lowered if the government agrees to reduce its technical requirements. Today, Trump said he spoke to Boeing and would work to reduce the program’s costs. What will Trump tweet next?

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up two-tenths of a cent at $2.192 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +4.46% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -9.4% with purchase sub-index -0.2% and refi sub-index -16.2%.

1000 ET Oct JOLTS job openings expected +14,000 to 5.500 million, Sep +33,000 to 5.486 million.

1030 ET EIA Weekly Petroleum Status Report.

1500 ET Oct consumer credit expected +$18.3 billion, Sep +$19.292 billion.

DJIA Market Happenings For Tuesday, December 6, 2016

Dow stocks at 52 week highs include Boeing (BA), Goldman Sachs (GS) and JPMorgan (JPM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +16 points.

Monday the Dow was up +45.82 (+0.24%) at 19,216.24.

Year-to-date the Dow is up +10.28%.

There were 15 Dow stocks up Monday.

The Dow stock winners Monday were led by Nike (NKE) +2.75% and Goldman Sachs (GS) +2.32%.

The Dow stock losers Monday were led by UnitedHealth (UNH) -1.93% and Merck (MRK) -1.44%.

Nike (NKE +2.75%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up four-tenths of a cent at $2.185 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is up +3.57% year-to-date.

Financial Calendar

0830 ET Revised Q3 non-farm productivity expected +3.3%, prelim-Q3 +3.1%. Revised Q3 unit labor costs expected unrevised at +0.3%.

0830 ET Oct trade balance expected -$42.0 billion, Sep -$36.4 billion.

1000 ET Oct factory orders expected +2.5%, Sep +0.3% and +0.6% ex transportation.

The Dow Market Happenings For Monday, December 5, 2016

Dow stocks at 52 week highs include UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +81 points.

Friday the Dow was down -21.51 (-0.11%) at 19,170.42.

Year-to-date the Dow is up +10.02%.

There were 14 Dow stocks up Friday.

The Dow stock winners Friday were led by Intel (INTC) +1.18% and United Technologies (UTX) +0.69%.

The Dow stock losers Friday were led by Goldman Sachs (GS) -1.44% and Caterpillar (CAT) -1.14%.

McDonald’s (MCD -0.19%) was upgraded to ‘Buy’ from ‘Neutral’ at Nomura with a 12-month target price of $139.

Nike (NKE -0.38%) was upgraded to ‘Buy’ from ‘Hold’ at HSBC with a price target of $60.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.181 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is up +14..46% year-to-date.

Financial Calendar

0830 ET New York Fed President William Dudley (voter) speaks on the economy and monetary policy at an event in New York.

0910 ET Chicago Fed President Charles Evans (non-voter) speaks on current economic conditions and monetary policy at an event in Chicago.

0945 ET Revised Nov Markit services PMI expected +0.1 to 54.8, prelim-Nov -0.1 to 54.7.

1000 ET Nov ISM non-manufacturing PMI expected +0.7 to 55.5, Oct -2.3 to 54.8.

1100 ET USDA weekly grain export inspections.

1405 ET St. Louis Fed President James Bullard (voter) speaks at Arizona State Universitys annual economic forecast luncheon.

1600 ET USDA Weekly Crop Progress