The Dow Market Happenings For Thursday, March 12, 2015

Dow stocks at 52 week highs include Dupont (DD) up +7.24% year-to-date. Dow stock 52 week lows include Exxon Mobil (XOM), down -9.12% year-to-date.

The Market

Premarket today, the Dow was indicated to open up +75 points.

Wednesday, the Dow was down -27.55 (-0.16%) at 17,635.39.

Year-to-date the Dow is down -1.05%.

There was 12 Dow stock up Wednesday.

Dow stock winners Wednesday were led Intel (INTC) +1.99% and Travelers (TRV) +0.90%.

Dow stock losers Wednesday were led by Coca COla (KO -1.45% and Cisco (CSCO) -1.40%.

JPMorgan Chase (JPM) announced a $6.4 billion share repurchase program.

One time Dow stock Bank of America (BAC) announced a $4 billion share repurchase program.

European stocks are mixed and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.445 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 3/19/2015 after the market close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +1.60% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -15,000 to 305,000, previous +7,000 to 320,000. Weekly continuing claims expected -21,000 to 2.400 million, previous +17,000 to 2.421 million.

0830 ET Feb retail sales expected +0.3% and +0.5% ex autos, Jan -0.8% and -0.9% ex autos. Feb retail sales ex-auto and gas expected +0.3%, Jan +0.2%.

0830 ET Feb import price index expected +0.2% m/m and -8.9% y/y, Jan -2.8% m/m and -8.0% y/y.

0830 ET USDA weekly Export Sales.

1000 ET Jan business inventories expected +0.1%, Dec +0.1%.

1100 ET Treasury announces amount of 10-year TIPS to be auctioned Mar 19, previous $15 billion.

1200 ET Q4 household change in net worth, Q4 -$141 billion.

1300 ET Treasury auctions $13 billion 30-year T-bonds.

1400 ET Feb monthly budget statement expected -$191.0 billion, Jan -$17.5 billion.

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