Market Happenings For Monday, April 29, 2013

Dow stocks at 52 week highs we have only Boeing (BA) with their Dreamliner back in the air. There are no Dow stock 52 week lows.

The Market

Friday the Dow closed up +11.75 (+0.08%) at 14,712.55.

Last week DJIA was up +1.1%, Nasdaq +2.2%, S&P 500 +1.7% and the Russell 2000 +2.5%.

Year-to-date DJIA is up +12.3%, Nasdaq +8.6%, S&P 500 +10.9% and Russell 2000 +10.1%.

This morning the Dow is indicated to open up +47 points.

Disney (DIS) shares are up premarket ahead of the summer blockbuster season with pre-sales for Iron Man 3 appearing strong. The company also reports earnings on 5/7/13.

The Fed meets this week and Friday we get the jobs report.

U.S. personal income and spending, both rose 0.2% in March.

Friday, the government reported that the U.S. economy grew at an annual pace of 2.5% in the first quarter.

European markets are higher and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent to $3.500 per gallon from last Friday.

Earnings Reports

DIS reports earnings on 5/7/13 after the close.

MRK will report earnings on 5/1/13 before the market open.

PFE will report earnings on 4/30/13 before the market open.

Merck (MRK).

Financial Calendar

0830 ET Mar personal spending expected +0.1% m/m Feb +0.7%. Mar personal income expected +0.4%, Feb +1.1%.

0830 ET Mar PCE deflator expected -0.1% m/m and +1.0% y/y, Feb +0.4% m/m and +1.3% y/y. Mar core PCE deflator expected +0.1% m/m and +1.2% y/y, Feb +0.1% m/m and +1.3% y/y.

1000 ET Mar pending home sales expected +1.0% m/m, Feb -0.4% m/m and +5.0% y/y.

1030 ET Apr Dallas Fed manufacturing activity, Mar 7.4.

1100 ET USDA weekly grain export inspections.

1500 ET Treasury issues quarterly borrowing estimates.

1600 ET USDA Crop Progress.

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