Market Happenings For Monday, March 04, 2013

For Dow stocks, there are no 52 week highs or 52 week lows.

The Market

The Dow ended last week at 14,089.66.

Last week DJIA was up 0.6%, Nasdaq +0.3%, S&P 500 +0.2% and Russell 2000 -0.2%.

Year-to-date DJIA is up +7.5%, Nasdaq +5.0%, S&P 500 +6.5% and Russell 2000 +7.7%.

Premarket, the Dow is indicated to open down -37 points.

Hewlett-Packard (HPQ) shares are down premarket after the company rolled out a slew of new services over the weekend.

Pfizer (PFE) shares are down premarket as the FDA approved a drug made by Bayer to compete with its intestine cancer drug.

Chinese stocks tumbled earlier Monday, as Beijing announced new measures to avert a real estate bubble.

European markets are mixed and Asian markets ended mostly lower with Shanghai losing -3.65%.

The national average price of gasoline is down a half cent to $3.746 per gallon.

Earnings Reports

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

Arena Pharmaceuticals (ARNA) is expected to report a fourth quarter loss of $0.03 per share vs. a loss of $0.16 per share a year ago.

Boyd Gaming (BYD) is expected to report a fourth quarter loss $0.13 per share vs. a loss of $0.03 per share a year ago.

Navistar (NAV) is expected to report a first quarter loss of $1.73 per share vs. a loss of $0.91 per share a year ago.

Transocean (RIG) is expected to report fourth quarter EPS of $0.82 vs. $0.24 a year ago.

Financial Calendar

0800 ET Fed Vice Chairman Janet Yellen speaks at the 2013 NABE conference on “A View from the Fed.”

0945 ET Feb New York ISM , Jan 56.7.

1100 ET USDA weekly grain export inspections.

1145 ET Former Fed Chairman Paul Volcker speaks at the 2013 NABE conference on “Lessons from the Financial Collapse-Learned or Forgotten?”

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