DJIA Market Happenings For Wednesday, March 30, 2016

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

The Market

Premarket today, the Dow was indicated to open up +23 points.

Tuesday the Dow was up +97.72 (+0.56%) at 17,633.11.

Year-to-date the Dow is up +1.19%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +2.37% and Microsoft (MSFT) +2.19%.

The Dow stock losers Tuesday were led by 3M (MMM)-1.14% and Dupont (DD) -0.86%.

Boeing (BA) confirmed late Tuesday it was in the process of shedding 4,000 jobs by June. The company employs about 78,000 here in Washington state. Boeing released a statement Tuesday night saying, “We continue to follow our plan announced last month to make fundamental changes for the long term to win in the market, fund our growth and operate as a healthy business.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up eight-tenths of a cent at $2.049 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is up +4.93% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -3.3% with purchase sub-index -1.0% and refi sub-index -4.9%.

0815 ET Mar ADP employment change expected +195,000, Feb +214,000.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $28 billion of 7-year T-notes.

1300 ET Chicago Fed President Charles Evans speaks on the economy and monetary policy at a Forecasters Club of New York luncheon.

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