DJIA Market Happenings For Wednesday, March 29, 2017

Dow stocks at 52 week highs include Apple (AAPL), Disney (DIS) and Dupont (DD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -8 points.

Tuesday the Dow was up +150.52 (+0.73%) at 20,701.50.

Year-to-date the Dow is up +4.75%.

There were 27 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +2.07% and Goldman Sachs (GS) +1.71%.

The Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) -0.11% and Pfizer (PFE) -0.06%.

President Trump lifted a moratorium on federal coal leases Tuesday, paving the way for excavation of a fossil fuel on public land in the West that few mining companies seem to want. The order follows the president’s campaign promise to revive the struggling coal industry and bring back thousands of lost mining jobs in rural America. But industry experts say coal mining jobs will continue to be lost, not because of blocked access to coal, but because power plant owners are turning to natural gas. At least six plants that relied on coal have closed or announced they will close since Trump’s victory in November, including the main plant at the Navajo Generating Station in Arizona, the largest in the West. Another 40 are projected to close during the president’s four-year term.

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

The national average price of gasoline is up eight-tenths of a cent at $2.291 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +2.85% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.7% with purchase sub-index -2.1% and refi sub-index -3.3%.

0920 ET Chicago Fed President Charles Evans (voter) speaks on current economic conditions and monetary policy at the DZ Bank-OMFIF International Capital Markets Conference in Frankfurt.

1000 ET Feb pending home sales expected +2.5% m/m, Jan -2.8% m/m and +2.7% y/y.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating-rate notes.

1130 ET Boston Fed President Eric Rosengren (non-voter) speaks on the economic outlook to the Economic Club of Boston.

1300 ET Treasury auctions $28 billion of 7-year T-notes.

1315 ET San Francisco Fed President John Williams speaks to the Forecasters Club of New York on From Sustained Recovery to Sustainable Growth: What a Difference Four Years Makes.

The Dow Market Happenings For Tuesday, March 28, 2017

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 -21 points.

Monday the Dow was down -45.74 (-0.22%) at 20,550.98.

Year-to-date the Dow is up +4.22%.

There were 15 Dow stocks up Monday.

The Dow stock winners Monday were led by Dupont (DD) +1.23% and Intel (INTC) +0.65%.

The Dow stock losers Monday were led by Chevron (CVX) -1.58% and Goldman Sachs (GS) -1.28%.

President Trump will sign sweeping executive orders Tuesday that take aim at the Clean Power Plan, Obama’s signature climate measure that restricts greenhouse gas emissions from coal-fired power plants.

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

The national average price of gasoline is down two-tenths of a cent at $2.283 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -1.15% year-to-date.

Financial Calendar

0830 ET Feb wholesale inventories expected +0.2%, Jan -0.2% m/m. Feb retail inventories, Jan +0.8% m/m.

0900 ET Jan S&P CoreLogic composite-20 home price index expected +0.7% m/m and +5.6% y/y, Dec +0.93% m/m and +5.58% y/y.

1000 ET Mar Conference Board U.S. consumer confidence index expected -0.8 to 114.0, Feb +3.2 to 114.8.

1000 ET Mar Richmond Fed manufacturing index expected -2 to 15, Feb +5 to 17.

1245 ET Kansas City Fed President Esther George (non-voter) gives keynote speech at an event hosted by the Kansas City Fed titled Banking and the Economy: A Forum for Women in Banking.

1250 ET Fed Chair Janet Yellen speaks at the National Community Reinvestment Coalition Annual Conference on Addressing Workforce Development Challenges in Low-Income Communities.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

1300 ET Dallas Fed President Robert Kaplan (voter) holds a moderated Q&A session with the Dallas Committee on Foreign Relations.

1630 ET Fed Governor Jerome Powell speaks at the West Virginia University College of Business and Economics on Americas Central Bank: The History and Structure of the Federal Reserve.

DJIA Market Happenings For Monday, March 27, 2017

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -158 points.

Friday the Dow was down -59.86 (-0.29%) at 20,596.72.

Year-to-date the Dow is up +4.22%.

There were 9 Dow stocks up Friday.

The Dow stock winners Friday were led by Nike (NKE) +1.79% and American Express (AXP) +0.46%.

The Dow stock losers Friday were led by Goldman Sachs (GS) -1.50% and Dupont (DD) -1.19%.

The Trump administration will issue an executive order on Tuesday that begins dismantling a rule under former President Barack Obama that slashed carbon dioxide emissions and discouraged coal-fired electricity.

The US dollar hits a 4-month low. The US dollar index has lost about 3% in 2017, and it is trading at its lowest level since November 14.

Gold trades up 1.1%, or more than $13 an ounce, at $1,257 on Monday.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.285 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is up +7.72% year-to-date.

Financial Calendar

1030 ET Mar Dallas Fed manufacturing activity expected -2.5 to 22.0, Feb +2.4 to 24.5.

1100 ET USDA weekly grain export inspections.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1315 ET Chicago Fed President Charles Evans (voter) speaks on current economic conditions and monetary policy at a Global Interdependence Center event in Madrid.

1830 ET Dallas Fed President Robert Kaplan (voter) takes part in A Discussion of Economic Conditions and the Role of Monetary Policy at Texas A&M University.