DJIA Market Happenings For Thursday, April 20, 2017

Dow stocks at 52 week highs include Disney (DIS) and McDonald’s (MCD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +39 points.

Wednesday the Dow was down -118.79 (-0.58%) at 20,404.49.

Year-to-date the Dow is up +3.25%.

There were 8 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Merck (MRK) +0.59% and General Electric (GE) -0.54%.

The Dow stock losers Wednesday were led by IBM (IBM) -4.92% and Chevron (CVX) -1.37%.

American Express (AXP -0.32%) gained more than 2% in after-hours trading after it reported Q1 revenue of $7.90 billion, higher than consensus of $7.79 billion.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15. The increase followed three straight weeks of declines. The labor market is close to full employment, with the unemployment rate at a near 10-year low of 4.5 percent. Economists had forecast first-time applications for jobless benefits rising to 242,000 last week.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up seven-tenths of a cent at $2.416 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share.

JPMorgan (JPM) reported earnings on 4/13/2017 before the market open of $1.65, beating estimates calling for $1.512 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/2017 before the market open of $1.83, beating estimates of $1.767 per share.

Goldman Sachs (GS) reported earnings on 4/18/2017 before the market open of $5.15, missing estimates calling for $5.34 per share.

UnitedHealth (UNH) reported earnings on 4/18/2017 before the market open of $2.37, beating estimates of $2.18 per share.

IBM (IBM) reported earnings on 4/18/2017 after the market close of $2.38, beating estimates calling for $2.341 per share.

American Express (AXP) reported earnings on 4/19/2017 after the market close of $1.34, beating estimates calling for $1.276 per share.

Travelers (TRV) reported earnings on 4/20/2017 before the market open of $2.16, missing estimates calling for $2.409 per share.

Verizon (VZ) reported earnings on 4/20/2017 before the market open of $0.95, missing estimates calling for $0.977 per share.

General Electric (GE) reports earnings on 4/21/2017 before the market open.

3M (MMM) reports earnings on 4/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 4/25/2017 before the market open.

Dupont (DD) reports earnings on 4/25/2017 before the market open.

Coca Cola (KO) reports earnings on 4/25/2017 before the market open.

McDonald’s (MCD) reports earnings on 4/25/2017 before the market open.

Boeing (BA) reports earnings on 4/26/2017 before the market open.

United Technologies (UTX) reports earnings on 4/26/2017 before the market open.

Procter & Gamble (PG) reports earnings on 4/26/2017 before the market open.

Intel (INTC) reports earnings on 4/27/2017 after the market close.

Microsoft (MSFT) reports earnings on 4/27/2017 after the market close.

Exxon Mobil (XOM) reports earnings on 4/28/2017 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -10.82% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 240,000, previous -1,000 to 234,000. Weekly continuing claims expected -4,000 to 2.024 million, previous -7,000 to 2.028 million.

0830 ET Apr Philadelphia Fed business outlook survey expected -7.0 to 25.8, Mar -10.5 to 32.8.

0830 ET USDA weekly Export Sales.

1000 ET Mar leading indicators expected +0.2%, Feb +0.6%.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Apr 25-27.

1300 ET Treasury auctions $16 billion of 5-year TIPS.

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