DJIA Market Happenings For Friday, February 26, 2016

Dow stocks at 52 week highs include Johnson & Johnson (JNJ), Verizon (VZ) and Coca Cola (KO).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +94 points.

Thursday the Dow was up +212.30 (+1.29%) at 16,697.29.

Year-to-date the Dow is down -4.18%.

All 30 Dow stocks were up Thursday.

The Dow stock winners Thursday were led by United Technologies (UTX) +4.76%, Nike (NKE) +3.28%, Dupont (DD) +2.37% and Visa (V) +1.98%

There were no Dow stock losers Thursday.

Looks like a great start on Friday.

The economy is on fire as US GDP comes in at +1% versus estimates of +0.4%.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up 1.3 cents at $1.728 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Visa (V)

Visa (V) is down -5.52% year-to-date.

Financial Calendar

0830 ET Revised Q4 GDP expected +0.4% (q/q annualized), previous +0.7% (q/q annualized). Q4 personal consumption, previous +2.2%, Q4 GDP price index, previous +0.8%. Q4 core PCE deflator expected +1.2%, previous +1.2%.

1000 ET Jan personal spending expected +0.3%, Dec unch. Jan personal income expected +0.4%, Dec +0.3%.

1000 ET Jan PCE deflator expected unch m/m and +1.1% y/y, Dec -0.1% m/m and +0.6% y/y. Jan core PCE deflator expected +0.2% m/m and +1.5% y/y, Dec unch m/m and +1.4% y/y.

1000 ET Final U.S. Feb University of Michigan consumer sentiment expected +0.3 to 91.0, preliminary -1.3 to 90.7.

1015 ET Fed Governor Jerome Powell takes part in a panel discussion on Language after Liftoff: Fed Communication Away from the Zero Bound at a monetary policy forum in New York.

1330 ET Fed Governor Lael Brainard takes part in a panel on international monetary policy synchronization in New York.

n/a G-20 finance ministers and central bankers meet in Shanghai Feb 26-27.

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