DJIA Market Happenings For Wednesday, March 8, 2017

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 up +20 points.

Tuesday the Dow was down -29.58 (-0.14%) at 20,924.76.

Year-to-date the Dow is up +5.88%.

There were 13 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) +0.65% and Boeing (BA) +0.60%.

The Dow stock losers Tuesday were led by Chevron (CVX) -1.20% and Verizon (VZ) -1.18%.

Caterpillar (CAT +0.28%) is down nearly 3% in premarket trading after a report commissioned by the government and reviewed by the NYT accuses the company of tax and accounting fraud.

ADP / Moody’s employment report shows the private sector surged by 298,000 for the month, with goods producers adding 106,000. Construction jobs swelled by 66,000 and manufacturing added 32,000. The total broke market expectations of 190,000.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.306 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Dupont (DD)

Dupont (DD) is up +8.16% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +5.8% with purchase sub-index +6.5% and refi sub-index +5.1%.

0815 ET Feb ADP employment change expected +189,000, Jan +246,000.

0830 ET Revised Q4 non-farm productivity expected +1.5%, previous +1.3%. Revised Q4 unit labor costs expected +1.6%, previous +1.7%.

1000 ET Final-Jan wholesale inventories expected unrevised at -0.1%. Jan wholesale trade sales expected +0.5% m/m, Dec +2.6% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $20 billion 10-year T-notes.

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