DJIA Market Happenings For Friday, September 22, 2017

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

The Market

Premarket today, the Dow was indicated to open down -11 points.

Thursday the Dow was down -53.36 (-0.24%) at 22,359.23.

Year-to-date the Dow is up +13.14%.

There were 10 Dow stocks up Thursday.

The Dow stock winners Thursday were led by General Electric (GE) +1.77% and Goldman Sachs (GS) +0.65%.

The Dow stock losers Thursday were led by Procter & Gamble (PG) -1.86% and Apple (AAPL) -1.72%.

McDonald’s (MCD -0.53%) boosted its quarterly dividend to $1.01 a share from 94 cents, better than consensus of 99 cents.

Wal-Mart (WMT) is testing a program that will deliver items, not just to your doorstep, but into your house. The retail giant has partnered with August Home, a provider of smart locks and smart home accessories, for the test. Customers place their order online, and a third-party driver from Deliv will bring the items to a shopper’s home, using a one-time passcode that’s been preauthorized by the shopper to allow entry. The driver will then leave boxes by the door and put grocery items in the kitchen, even the refrigerator, before leaving. Customers can watch the process on the August Home app, and will receive confirmation that the door has been locked behind them. The test is being conducted in Silicon Valley using a few August Home customers, according to a blog post from Sloan Eddleston, vice president of Walmart e-Commerce Strategy and Business Operations, posted on the company website.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is down nine-tenths of a cent at $2.589 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/26/17 after the market close.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +24.81% year-to-date.

Financial Calendar

0600 ET San Francisco Fed President John Williams (non-voter) speaks to media prior to taking part in a closed academic conference at the Swiss National Bank in Zurich.

0930 ET Kansas City Fed President Esther George delivers opening keynote speech at a conference on global oil supply and demand hosted jointly by the Kansas City and Dallas Fed titled Global Oil Supply & Demand; Prospects for Greater Balance.

0945 ET Preliminary-Sep Markit U.S. manufacturing PMI expected +0.2 to 53.0, Aug -0.5 to 52.8. Sep Markit U.S. services PMI expected -0.2 to 55.8, Aug +1.3 to 56.0.

1330 ET Dallas Fed President Robert Kaplan speaks in a moderated Q&A at a conference on global oil supply and demand hosted jointly by the Kansas City and Dallas Fed.

1500 ET USDA Aug Cold Storage.

1500 ET USDA Aug Cattle on Feed.

The Dow Market Happenings For Thursday, September 21, 2017

Dow stocks at 52 week highs include American Express (AXP), Boeing (BA), Caterpillar (CAT), JPMorgan (JPM), Pfizer (PFE) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -11 points.

Wednesday the Dow was up +41.79 (+0.19%) at 22,412.59.

Year-to-date the Dow is up +13.41%.

There were 20 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by McDonald’s (MCD) +1.56% and Pfizer (PFE) +1.52%.

The Dow stock losers Wednesday were led by Apple (AAPL) -1.68% and Johnson & Johnson (JNJ) -1.48%.

The Fed left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 16th, according to the Labor Department report. The report said initial jobless claims fell to 259,000, a decrease of 23,000 from the previous week’s revised level of 282,000. Economists had expected jobless claims to climb to 300,000 from the 284,000 originally reported for the previous week. The Labor Department said the four-week moving average climbed to 268,750, an increase of 6,000 from the previous week’s revised average of 262,750. The increase lifted the less volatile four-week moving average to its highest level since reaching 269,500 in June of 2016. Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, jumped by 44,000 to 1.980 million in the week ended September 9th. The four-week moving average of continuing claims also rose to 1,953,000, an increase of 6,500 from the previous week’s revised average of 1,946,500.

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

The national average price of gasoline is down nine-tenths of a cent at $2.598 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/26/17 after the market close.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +7.57% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +16,000 to 300,000, previous -14,000 to 284,000. Weekly continuing claims expected +31,000 to 1.975 million, previous -7,000 to 1.944 million.

0830 ET Sep Philadelphia Fed business outlook index expected -1.7 to 17.2, Aug -0.6 to 18.9.

0830 ET USDA weekly Export Sales.

0900 ET Jul FHFA house price index expected +0.4% m/m, Jun +0.1% m/m.

1000 ET Aug leading indicators expected +0.3%, Jul +0.3%.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Sep 26-28.

1300 ET Treasury auctions $11 billion 10-year TIPS.

DJIA Market Happenings For Wednesday, September 20, 2017

Dow stocks at 52 week highs include American Express (AXP), Boeing (BA), Caterpillar (CAT), 3M (MMM) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -3 points.

Tuesday the Dow was up +39.45 (+0.18%) at 22,370.80.

Year-to-date the Dow is up +13.20%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +2.60% and American Express (AXP) +1.29%.

The Dow stock losers Tuesday were led by UnitedHealth (UNH) -1.79% and General Electric (GE) -1.06%.

The Fed meeting ends today. News at 11:00 PDT.

Hurricane Maria slams Puerto Rico and the Virgin Islands as a catastrophic Category 4 storm.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down eight-tenths of a cent at $2.607 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/26/17 after the market close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -2.06% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +9.9% with purchase sub-index +10.9% and refi sub-index +8.9%.

1000 ET Aug existing home sales expected +0.4% to 5.46 million, Jul -1.3% to 5.44 million.

1030 ET EIA weekly Petroleum Status Report.

1400 ET FOMC announces policy decision; no change expected to 1.00%-1.25% fed funds target range but Fed may announce the start date of its balance sheet reduction program.