DJIA Market Happenings For Tuesday, June 28, 2016

There are no Dow stocks at 52 week.Dow stock 52 week lows include Goldman Sachs (GS).

The Market

Premarket today, the Dow was indicated to open up +221 points.

Monday the Dow was down -260.51 (-1.50%) at 17,140.24.

Year-to-date the Dow is down -1.63%.

There were 29 Dow stocks down Monday.

The Dow stock winners Monday were Johnson & Johnson (JNJ) +0.80% and Verizon (VZ) +0.57%.

The Dow stock losers Monday were led by American Express (AXP) -3.98% and JPMorgan (JPM) -3.34%.

U.S. gross domestic product was revised up to a 1.1 percent annual rate, rather than the 0.8 percent pace reported last month.

Travelers Cos. (TRV -0.60%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $127.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $2.300 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 6/28/16 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is down -12.75%.

Financial Calendar

0830 ET Revised U.S. Q1 GDP expected +1.0%, previous +0.8% (q/q annualized). Revised Q1 personal consumption expected +2.0%, previous +1.9%. Q1 GDP price index expected unrevised at +0.6%. Q1 core PCE deflator expected unrevised at +2.1% q/q.

0900 ET Apr S&P/CaseShiller composite-20 home price index expected +0.60% m/m and +5.5% y/y, Mar +0.85% m/m and +5.43% y/y.

1000 ET Conference Board Jun U.S. consumer confidence index expected +0.7 to 93.3, May -2.1 to 92.6.

1000 ET Jun Richmond Fed manufacturing index expected +3 to 2, May -15 to -1.

The Dow Market Happenings For Monday, June 27, 2016

Dow stocks at 52 week highs include Verizon (VZ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -98 points.

Friday the Dow was down -610.32 (-3.39%) at 17,400.75.

Year-to-date the Dow is down -0.14%.

All 30 Dow stocks were down Friday.

The Dow stock winners Friday were non-existent.

The Dow stock losers Friday were led by Goldman Sachs (GS) -7.07%, JPMorgan (JPM) -6.95%, Caterpillar (CAT) -6.64%, IBM (IBM) -5.64%, Boeing (BA) -5.26%, American Express (AXP) -5.04% and Cisco (CSCO) -5.03%. The other 23 Dow components lost less than 5% each. Walmart (WMT) lost only -0.19% and Verizon (VZ) only lost -0.44% after hitting an intraday 52 week high.

Looks like oil prices will slide a bit again after the Brexit vote.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.307 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 6/28/16 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is up +12.57%.

Financial Calendar

0945 ET Jun Markit services PMI expected +0.7 to 52.0, May -1.5 to 51.3. Jun Markit composite PMI, May -1.5 to 50.9.

1030 ET Jun Dallas Fed manufacturing activity expected +5.3 to -15.5, May -6.9 to -20.8.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Weekly Crop Progress.