The Dow Market Happenings For Wednesday, May 31, 2017

Dow stocks at 52 week highs include McDonald’s (MCD). 3M (MMM) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -31 points.

Tuesday the Dow was down -50.81 (-0.24%) at 21,029.47.

Year-to-date the Dow is up +6.41%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +1.94% and 3M (MMM) +0.88%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -1.96% and JPMorgan (JPM) -1.71%.

Exxon Mobil (XOM) has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday’s annual meeting.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up four-tenths of a cent at $2.372 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is up +3.95% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.4% with purchase sub-index -0.8% and refi sub-index +10.5%.

0800 ET Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at the Council of Foreign Relations.

0945 ET May Chicago PMI expected -1.3 to 57.0, Apr +0.6 to 58.3.

1000 ET Apr pending home sales expected +0.5% m/m, Mar -0.8% m/m and +0.5% y/y.

1400 ET Fed Beige Book.

2010 ET San Francisco Fed President John Williams (non-voter) speaks at a Bank of Korea conference on global economic and financial challenges.

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