The Dow Market Happenings For Friday, February 27, 2015

Dow stocks at 52 week highs include Cisco (CSCO), Dupont (DD), 3M (MMM) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -10 points.

Thursday, the Dow was down -10.15 (-0.06%) at 18,214.42.

Year-to-date the Dow is up +2.25%.

There were 17 Dow stocks up Thursday.

Dow stock winners Thursday were led by McDonald’s (MCD +1.74% and Johnson & Johnson (JNJ) +1.57%.

Dow stock losers Thursday were led by Caterpillar (CAT) -1.59% and Chevron (CVX) -1.40%.

McDonald’s is up about 6% in the last two days. What’s with that?

European stocks are mostly lower and Asian markets ended mixed.

The national average price of gasoline is up 3.0 cents at $2.373 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +12.43% year-to-date.

Financial Calendar

0830 ET Revised Q4 GDP expected +2.0% (q/q annualized) vs. preliminary +2.6%. Q4 personal consumptions expected unrevised at +4.3%. Q4 GDP price index expected unrevised at unch. Q4 core PCE deflator expected unrevised at +1.1% q/q.

0900 ET Feb Milwaukee ISM expected +2.40 to 54.00, Jan -6.01 to 51.60.

0945 ET Feb Chicago PMI expected -1.4 to 58.0, Jan +0.6 to 59.4.

1000 ET Jan pending home sales expected +2.0% m/m and +8.7% y/y, Dec -3.7% m/m and +8.5% y/y.

1000 ET Final-Feb U.S. consumer confidence index (University of Michigan) expected +0.4 to 94.0, early-Feb -4.5 to 93.6.

1015 ET New York Fed President William Dudley and Cleveland Fed President Loretta Nester are discussants of a report on the new neutral for the federal funds rate and condition of the economy at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.

1330 ET Fed Vice Chairman Stanley Fischer, ECB Vice President Vitor Constancio and BOJ Deputy Governor Hiroshi Nakaso participate in a panel discussion on Conducting Monetary Policy with a Large Balance Sheet at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.

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