DJIA Market Happenings For Wednesday, December 31, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

It’s the last trading day of 2014. Hope you have a safe, happy new years holiday.

Premarket today, the Dow was indicated to open up +14 points.

Tuesday, the Dow closed down -55.16 (-0.31%) at 17,983.07.

Year-to-date the Dow is up +8.48%.

There were 4 Dow stocks up Tuesday.

Dow stock winners Tuesday include UnitedHealth (UNH) +0.51% aand JPMorgan (JPM) +0.30%.

Dow stock losers Tuesday include Caterpillar (CAT) -1.20% and Intel (INTC) -1.13%.

American Express (AXP) was unchanged Tuesday.

Oil prices looked likely to finish the year on a low note, posting their largest annual drop since 2008.

Wednesday, rescue efforts uncovered a body wearing a life jacket from the downed AirAsia jet off the coast of Borneo. Officials believe the plane is at the bottom of the ocean near where debris and bodies have been found, but poor weather has made the search and recovery mission a difficult one. Several passenger bodies have been found fully clothed, which would support speculation that the plane had an aerodynamic stall. The fact that at least one passenger was wearing a life jacket suggests that there was time before the plane hit the water.

European stocks are mostly higher and Asian markets ended mixed.

The national average price of gasoline is down 1.6 cents at $2.257 per gallon.

Earnings Reports.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Notable earnings reports from Tuesday include:

There were no notable earnings reports Tuesday.

Stocks reporting earnings today include:

There are no notable earnings reports expected Wednesday.

Today’s Featured Dow Stock

McDonald’s Corp. (MCD)

McDonald’s Corp. (MCD) is down -2.87% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.9% with purchase sub-index +1.3% and refi sub-index +1.1%.

0830 ET Weekly initial unemployment claims expected +10,000 to 290,000, previous -10,000 to 280,000. Weekly continuing claims expected -38,000 to 2.365 million, previous +25,000 to 2.403 million.

0900 ET Dec Milwaukee ISM expected -5.25 to 65.00, Nov +4.64 to 70.25.

0945 ET Dec Chicago PMI expected -0.8 to 60.0, Nov -5.4 to 60.8.

1000 ET Nov pending home sales expected +0.5% m/m and +3.6% y/y, Oct -1.1% m/m and +2.2% y/y.

1030 ET EIA Weekly Petroleum Status Report.

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