DJIA Market Happenings For Wednesday, September 28, 2016

There are no Dow stocks at 52 week highs.There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +10 points.

Tuesday the Dow was up +133.47 (+0.74%) at 18,228.30.

Year-to-date the Dow is up +4.61%.

There were 29 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Microsoft (MSFT) +1.85%, IBM (IBM) +1.81% and Nike (NKE) +1.73%.

The Dow stock loser Tuesday were led by Disney (DIS) -0.26%.

Nike (NKE) reported earnings yesterday after the close of $0.73, beating estimates calling for $0.556 per share.

Nike (NKE +1.73%) fell over 3% in premarket trading after it reported worldwide futures orders ex-forex were up +7%, weaker than consensus of +8%.

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

The national average price of gasoline is up one-tenth of a cent at $2.208 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -1.07% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -7.3% with purchase sub-index -6.8% and refi sub-index -7.6%.

0830 ET Aug durable goods orders expected -1.5% and -0.5% ex transportation, Jul +4.4% and +1.3% ex transportation. Aug capital goods orders nondefense ex-aircraft & parts expected -0.1%, Jul +1.5%.

1000 ET Fed Chair Janet Yellen testifies before the House Financial Services Committee on the topic of bank supervision and regulation.

1010 ET St. Louis Fed President James Bullard (voter) delivers introductory and welcoming comments at the Community Banking in the 21st Century conference.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion of 2-year floating rate notes.

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

1330 ET Chicago Fed President Charles Evans (non-voter) delivers a keynote address at the research conference Community Banking in the 21st Century.

1915 ET Kansas City Fed President Esther George (voter) speaks at an event hosted by the Kansas City Fed titled Banking and the Economy: A Forum for Minority Bankers.

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