DJIA Market Happenings For Wednesday, July 12, 2017

Dow stocks at 52 week highs include Boeing (BA). Dow stock 52 week lows include Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +94 points.

Tuesday the Dow was up +0.55 (+0.00%) at 21,409.07.

Year-to-date the Dow is up +8.33%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by General Electric (GE) +1.31% and Boeing (BA) +1.13%.

The Dow stock losers Tuesday were led by Nike (NKE) -0.94% and Merck (MRK) -0.78%.

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

The national average price of gasoline is down two-tenths of a cent at $2.260 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reports earnings on 7/14/17 before the market open.

Goldman Sachs (GS) reports earnings on 7/18/17 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/18/17 before the market open.

UnitedHealth (UNH) reports earnings on 7/18/17 before the market open.

IBM (IBM) reports earnings on 7/18/17 after the market close.

American Express (AXP) reports earnings on 7/19/17 after the market close.

Travelers (TRV) reports earnings on 7/20/2017 before the market open.

Microsoft (MSFT) reports earnings on 7/20/2017 after the market close.

Visa (V) reports earnings on 7/20/2017 after the market close.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +6.92% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +1.4% with purchase sub-index +3.1% and refi sub-index -0.4%.

0830 ET Release of Chair Janet Yellens opening statement on the economic outlook ahead of her semi-annual testimony starting at 1000 ET before the U.S. House Financial Services Committee.

1030 ET EIA Weekly Petroleum Status Report.

1200 ET USDA Jul WASDE crop production.

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

1400 ET Fed Beige Book.

1415 ET Kansas City Fed President Esther George (non-voter) speaks on the economic outlook and the Feds balance sheet at a Kansas City Fed luncheon.

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