The Dow Market Happenings For Thursday, June 21, 2018

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

The Market

Premarket today, the Dow was indicated to open down -73 points.

Wednesday the Dow was down -42.41 (-0.17%) at 24,657.80.

Year-to-date the Dow is down -0.25%.

There were 10 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +1.00% and Intel (INTC) +1.00%.

The Dow stock losers Wednesday were led by Travelers (TRV) -2.47% and McDonald’s (MCD) -1.46%.

Unemployment insurance weekly claims in the week ending June 16, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 218,000 to 221,000. The 4-week moving average was 221,000, a decrease of 4,000 from the previous week’s revised average. The previous week’s average was revised up by 750 from 224,250 to 225,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 9, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 9 was 1,723,000, an increase of 22,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,697,000 to 1,701,000. The 4-week moving average was 1,722,500, a decrease of 4,750 from the previous week’s revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week’s average was revised up by 1,000 from 1,726,250 to 1,727,250.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down eight-tenths of a cent at $2.870 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/28/2018 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is down -0.33% year-to-date.

Financial Calendar

Tentative OPEC Meeting

12:30 Continuing Jobless Claims, 1,723K, 1,730K, 1,701K

12:30 Initial Jobless Claims, 218K, 220K, 221K

12:30 Jobless Claims 4-Week Avg., 221.00K, 225.00K

12:30 Philadelphia Fed Manufacturing Index (Jun), 19.9, 28.9, 34.4

12:30 Philly Fed Business Conditions (Jun), 34.8, 38.7

12:30 Philly Fed CAPEX Index (Jun), 36.50, 21.60

12:30 Philly Fed Employment (Jun), 30.4, 30.2

12:30 Philly Fed New Orders (Jun), 17.9, 40.6

12:30 Philly Fed Prices Paid (Jun), 51.80, 52.60

13:00 House Price Index (MoM) (Apr), 0.1%, 0.3%, 0.2%

13:00 House Price Index (YoY) (Apr), 6.4%, 6.7%

13:00 House Price Index (Apr), 262.5, 262.1

22 min Bloomberg Consumer Confidence, 55.8

14:30 Natural Gas Storage, 85B, 96B

17:00 30-Year TIPS Auction, 1.003%

DJIA Market Happenings For Wednesday, June 20, 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 up +116 points.

Tuesday the Dow was down -287.26 (-1.15%) at 24,700.21.

Year-to-date the Dow is down -0.08%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +2.19% and Johnson & Johnson (JNJ) +1.03%.

The Dow stock losers Tuesday were led by Boeing (BA) -3.84% and Caterpillar (CAT) -3.62%.

Boeing (BA -3.84%) announced that it will sell FedEx 24 cargo aircraft in a deal worth $6.6 billion.

Disney (DIS) has boosted its bid for the studio and cable network assets of 21st Century Fox to $71.3 billion in cash and stock.

S&P Dow Jones Indices said General Electric (GE) will be replaced by Walgreens (WBA) on June 26.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.878 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/28/2018 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is down -4.973% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.83%

11:00 MBA Mortgage Applications (WoW), -1.5%

11:00 MBA Purchase Index, 249.0

11:00 Mortgage Market Index, 365.3

11:00 Mortgage Refinance Index, 992.2

13:30 Fed Chair Powell Speaks

14:00 Existing Home Sales (May), 5.55M, 5.46M

14:00 Existing Home Sales (MoM) (May), 1.5%, -2.5%

14:30 Crude Oil Inventories, -1.898M -4.143M

14:30 Crude Oil Imports, -0.563M

14:30 Cushing Crude Oil Inventories, -0.687M

14:30 Distillate Fuel Production, -0.213M

14:30 EIA Weekly Distillates Stocks, -0.164M, -2.101M

14:30 Gasoline Production, 0.793M

14:30 Heating Oil Stockpiles, 0.040M

14:30 Gasoline Inventories, 0.188M, -2.271M

The Dow Market Happenings For Tuesday, June 19, 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 -357 points.

Monday the Dow was down -103.01 (-0.41%) at 24,987.47.

Year-to-date the Dow is up +1.09%.

There were 8 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) +1.56% and Visa (V) +0.81%.

The Dow stock losers Monday were led by Intel (INTC)-3.43% and Procter & Gamble (PG) -1.99%.

Verizon Communications (VZ -1.25%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down a penny at $2.885 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/28/2018 after the market close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +15.43% year-to-date.

Financial Calendar

11:00 FOMC Member Bullard Speaks

12:30 Building Permits (MoM) (May), -4.6%, -1.4%, -1.8%

12:30 Building Permits (May), 1.301M, 1.350M, 1.364M

12:30 Housing Starts (MoM) (May), 5.0%, 1.4%, -3.1%

12:30 Housing Starts (May), 1.350M, 1.310M, 1.286M

12:55 Redbook (MoM), 0.0%, -0.2%

12:55 Redbook (YoY), 4.7%, 4.3%

15:30 4-Week Bill Auction, 1.790%

15:30 52-Week Bill Auction, 2.275%

20:30 API Weekly Crude Oil Stock, 0.833M