The Dow Market Happenings For Friday, May 25, 2018

Dow stocks at 52 week highs include Microsoft (MSFT) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -76 points.

Thursday the Dow was down -75.05 (-0.30%) at 24,811.76.

Year-to-date the Dow is up +0.37%.

There were 8 Dow stocks up Thursday.

The Dow stock winners Thursday were led by General Electric (GE) +2.96% and Nike (NKE) +1.18%.

The Dow stock losers Thursday were led by Exxon Mobil (XOM) -2.29% and Chevron (CVX) -1.62%.

Looks like a slow Friday before a long holiday weekend.

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

The national average price of gasoline is up eight-tenths of a cent at $2.969 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +13.60% year-to-date.

Financial Calendar

12:30 Cap Goods Ship Non Defense Ex Air (MoM), 0.4%, -0.8%

12:30 Core Durable Goods Orders (MoM) (Apr), 0.5%, -0.1%

12:30 Durable Goods Orders (MoM) (Apr), -1.4%, 2.6%

12:30 Durables Excluding Defense (MoM) (Apr), -1.0%, 3.7%

12:30 Goods Orders Non Defense Ex Air (MoM) (Apr), 0.7%, -0.9%

13:20 Fed Chair Powell Speaks

14:00 Michigan 5-Year Inflation Expectations (May), 2.50%

14:00 Michigan Consumer Expectations (May), 86.9, 89.5

14:00 Michigan Consumer Sentiment (May), 98.8, 98.8

14:00 Michigan Current Conditions (May), 115.0, 113.3

14:00 Michigan Inflation Expectations (May), 2.8%

14:00 Wholesale Trade Sales (MoM), 0.3%

14:30 ECRI Weekly Annualized (WoW), 4.3%

14:30 ECRI Weekly Index, 148.7

15:45 Chicago Fed President Evans Speaks

15:45 FOMC Member Bostic Speaks

15:45 FOMC Member Kaplan Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 844

19:30 CFTC Copper speculative net positions, 36.4K

19:30 CFTC Crude Oil speculative net positions, 644.4K

19:30 CFTC Gold speculative net positions, 92.4K

19:30 CFTC S&P 500 speculative net positions, 198.8K

19:30 CFTC Silver speculative net positions, 0.7K

The Dow Market Happenings For Thursday, May 24, 2018

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 down -50 points.

Wednesday the Dow was up +52.40 (+0.21%) at 24,886.81.

Year-to-date the Dow is up +0.68%.

There were 16 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Intel (INTC) +1.40% and McDOnald’s (MCD) +1.36%.

The Dow stock losers Wednesday were led by General Electric (GE) -7.26% and Disney (DIS) -1.13%.

The only Dow stock showing an uptrend is Apple (AAPL) and is up +11.38% YTD. All 29 others are showing sideways trade.

Unemployment insurance weekly claims in the week ending May 19, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 11,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 219,750, an increase of 6,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 213,250 to 213,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 12, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 12 was 1,741,000, an increase of 29,000 from the previous week’s revised level. The previous week’s level was revised up 5,000 from 1,707,000 to 1,712,000. The 4-week moving average was 1,751,750, a decrease of 23,250 from the previous week’s revised average. This is the lowest level for this average since December 15, 1973 when it was 1,735,750. The previous week’s average was revised up by 1,250 from 1,773,750 to 1,775,000.

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

The national average price of gasoline is up 1.4 cents at $2.961 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +5.15% year-to-date.

Financial Calendar

07:00 FOMC Member Dudley Speaks

08:15 FOMC Member Dudley Speaks

12:30 Continuing Jobless Claims, 1,754K, 1,707K

12:30 Initial Jobless Claims, 220K, 222K

12:30 Jobless Claims 4-Week Avg., 213.25K

13:00 House Price Index (YoY) (Mar), 7.2%

13:00 House Price Index (MoM) (Mar), 0.5%, 0.6%

13:00 House Price Index (Mar), 261.1

13:45 Bloomberg Consumer Confidence, 54.6

14:00 Existing Home Sales (MoM) (Apr), -0.2%, 1.1%

14:00 Existing Home Sales (Apr), 5.56M, 5.60M

14:30 Natural Gas Storage, 92B, 106B

14:35 FOMC Member Bostic Speaks

15:00 KC Fed Composite Index (May), 23, 26

15:00 KC Fed Manufacturing Index (May), 33

17:00 7-Year Note Auction, 2.952%

18:00 FOMC Member Harker Speaks

DJIA Market Happenings For Wednesday, May 23, 2018

Dow stocks at 52 week highs include American Express (AXP) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -177 points.

Tuesday the Dow was down -178.88 (-0.72%) at 24,834.41.

Year-to-date the Dow is up +0.47%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +0.78% and JPMorgan (JPM) +0.77%.

The Dow stock losers Tuesday were led by Boeing (BA) -2.45% and Caterpillar (CAT) -1.71%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up 1.5 cents at $2.947 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -7.36% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.86%, 4.77%

11:00 MBA Mortgage Applications (WoW), -2.6%, -2.7%

11:00 MBA Purchase Index, 247.4, 252.4

11:00 Mortgage Market Index, 366.7, 376.5

11:00 Mortgage Refinance Index, 1,018.1, 1,057.1

41 min Manufacturing PMI (May), 56.6, 56.5

41 min Markit Composite PMI, 55.0, 54.9

41 min Services PMI (May) , 54.9, 54.6

56 min New Home Sales (MoM) (Apr), -2.0%, 4.0%

56 min New Home Sales (Apr), 680K, 694K

14:30 Crude Oil Inventories, -1.567M, -1.404M

14:30 Crude Oil Imports, -0.411M

14:30 Cushing Crude Oil Inventories, 0.053M

14:30 Distillate Fuel Production, 0.038M

14:30 EIA Weekly Distillates Stocks, -1.335M, -0.092M

14:30 Gasoline Production, 0.488M

14:30 Heating Oil Stockpiles, -0.310M

14:30 Gasoline Inventories, -1.388M, -3.790M

17:00 5-Year Note Auction, 2.837%

18:00 FOMC Meeting Minutes

18:15 FOMC Member Kashkari Speaks