The Dow Market Happenings For Friday, July 29, 2016

Dow stocks at 52 week highs include Home Depot (HD).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -49 points.

Thursday the Dow was down -15.82 (-0.09%) at 18,456.35.

Year-to-date the Dow is up +5.92%.

There were 10 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) +1.35% and Home Depot (HD) +1.21%.

The Dow stock losers Thursday were led by Boeing (BA) -2.17% and Caterpillar (CAT) -1.40%.

Merck (MRK -0.29%) reported earnings of $0.93, beating $0.91 expected,

Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter. The median forecast of economists called for a 2.5 percent second-quarter increase.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.139 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reported earnings on 7/20/2016 after the close of $2.10, beating estimates calling for $1.924 per share.

Intel (INTC) reported earnings on 7/20/2016 after the close of $0.59, beating estimates calling for $0.533 per share.

Travelers (TRV) reported earnings on 7/21/2016 before the market open of $2.24, beating estimates of $2.106 per share.

Visa (V) reports earninged on 7/21/2016 after the close of $0.69, beating estimates calling for $0.669 per share.

General Electric (GE) reported earnings on 7/22/2016 before the market open of $0.51, beating estimates calling for $0.455 per share.

Caterpillar (CAT) reported earnings on 7/26/2016 before the market open $0.963, beating estimates for $0.93 per share.

McDonald’s (MCD) reported earnings on 7/26/2016 before the market open of $1.25, missing estimates for $1.376 per share.

Apple (AAPL) reported earnings on 7/26/2016 after the market close of $1.42, beating estimates of $1.389.

United Technologies (UTX) reported earnings on 7/26/2016 before the market open of $1.82, beating estimates calling for $1.652.

Verizon (VZ) reported earnings on 7/26/2016 before the market open of $0.17, missing estimates calling for $0.941 per share.

Dupont (DD) reported earnings on 7/26/2016 after the market close of $1.24, beating estimates calling for $1.095 per share.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Disney (DIS) reports earnings on 8/9/2016 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is down -8.73% year-to-date.

Financial Calendar

0830 ET Q2 GDP expected +2.0% (q/q annualized), Q1 +1.1%. Q2 personal consumption expected +4.3%, Q1 +1.5%. Q2 GDP price index expected +1.9%, Q1 +0.4%. Q2 core PCE deflator expected +1.7% q/q, Q1 +2.0% q/q.

0830 ET Q2 employment cost index expected +0.6%, Q1 +0.6%.

0930 ET San Francisco Fed President John Williams (non-voter) speaks at an event in Cambridge, Massachusetts titled Policy Dialogue: Whats Left in the Feds Toolkit.

0945 ET Jul Chicago PMI expected -2.8 to 54.0, Jun +7.5 to 56.8.

1000 ET Final-July University of Michigan U.S. consumer sentiment expected +0.7 to 90.2, prelim-Jul -4.0 to 89.5.

1300 ET Dallas Fed President Robert Kaplan speaks at a moderated Q&A at the Independent Bankers Association of New Mexico annual meeting.

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