The Dow Market Happenings For Friday, January 16, 2015

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 -57 points.

Thursday, the Dow closed down -106.38 (-0.61%) at 17,320.71.

Year-to-date the Dow is down -2.82%.

There were 6 Dow stocks up Thursday.

The top Dow stock winners Thursday included UnitedHealth (UNH) +1.09% and Wal-Mart (WMT) +0.89%.

Dow stock losers Thursday were led by JPMorgan (JPM) -3.20% (again) and Cisco (CSCO) -1.83%. JPM was down -3.45% yesterday.

United Technologies (UTX) was unchanged Thursday.

Intel (INTC) reported Q4 EPS of 74 cents, better than consensus of 66 cents, but then said Q1 revenue would be $13.7 billion, plus or minus $500 million, which is less than consensus of $13.77 billion.

Goldman Sachs Group, Inc. (GS) reported Q4 earnings of $4.38 per share, beating consensus of $4.29 per share.

Goldman Sachs Group, Inc. GS is projected to report its Q4 earnings at $4.32 per share on revenue of $7.64 billion.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down three-tenths of a cent at $2.082 per gallon. Gas was $2.00 per gallon yesterday at the local Gig Harbor Costco.

Earnings Reports.

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

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

Intel (INTC) will 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.

Johnson & Johnson will report earnings on 1/20/2015 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.

Today’s Featured Dow Stock

Wal-Mart Stores Inc. (WMT)

Wal-Mart Stores Inc. (WMT) is up +1.75% year-to-date.

Financial Calendar

0830 ET Dec CPI expected -0.4% m/m and +0.7% y/y, Nov -0.3% m/m and +1.3% y/y. Dec CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Nov +0.1% m/m and +1.7% y/y.

0815 ET Dec industrial production expected -0.1% m/m, Nov +1.3% m/m. Dec capacity utilization expected -0.2 to 79.9%, Nov +0.8 to 80.1%.

0850 ET Minneapolis Fed President Narayana Kocherlakota delivers a Goal-Based Monetary Policy Report and speaks on the economy to the Financial Planners Association of Minnesota.

0955 ET Preliminary U.S. Jan University of Michigan consumer confidence expected +0.5 to 94.1, Dec +4.8 to 93.6.

1100 ET San Francisco Fed President John Williams gives opening remarks and does an audience Q&A for the Bay Area Council Economic Institute 8th Annual Forecast.

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