The Dow Market Happenings For Thursday, August 3, 2017

Dow stocks at 52 week highs include Apple (AAPL), Travelers (TRV), Visa (V), Wal-Mart (WMT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +13 points.

Wednesday the Dow was up +52.32 (+0.24%) at 22,016.24.

Year-to-date the Dow is up +11.40%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Apple (AAPL) +4.73% and McDonald’s (MCD) +1.66%.

The Dow stock losers Wednesday were led by Disney (DIS) -1.75% and Disney (DIS) -1.39%.

Initial jobless claims from July 23 to July 29 declined by 5,000 to 240,000. New claims count people who apply for unemployment benefits after losing their jobs. The average of new claims over the past month, which gives a more stable picture of layoff trends, also fell slightly to 241,750.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up four-tenths of a cent at $2.334 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) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reported earnings on 7/21/2017 before the market open of $0.28, missing estimates calling for $0.532 per share.

Caterpillar (CAT) reported earnings on 7/25/2017 before the market open of$1.49, beating estimates calling for $1.262 per share.

Dupont (DD) reported earnings on 7/25/2017 before the market open of $1.38, beating estimates calling for $1.341 per share.

McDonald’s (MCD) reported earnings on 7/25/2017 before the market open of $1.70, beating estimates of $1.66 per share.

3M (MMM) reported earnings on 7/25/2017 before the market open of $2.58, beating estimates calling for $2.504 per share.

United Technologies (UTX) reported earnings on 7/25/2017 before the market open of $1.85, beating estimates of $1.804 per share.

Coca Cola (KO) reported earnings on 7/26/2017 before the market open of $0.59, beating estimates calling for $0.576 per share.

Boeing (BA) reported earnings on 7/26/2017 before the market open of $2.55, beating estimates of $2.383 per share.

Procter & Gamble repored earnings on 7/27/2017 before the market open of $0.85, beating estimates of $0.789 per share.

Verizon (VZ) reported earnings on 7/27/2017 before the market open of $0.96, meeting expectations for $0.961 per share.

Intel (INTC) reported earnings on 7/27/2017 after the market close of $0.72, beating expectations for $0.692 per share.

Chevron (CVX) reported earnings on 7/28/2017 before the market open of $0.77, missing estimates calling for $0.977 per share.

Exxon Mobil (XOM) reported earnings on 7/28/2017 before the market open of $0.78, missing estimates calling for $0.881 per share.

Merck (MRK) reported earnings on 7/28/2017 before the market open of $1.01, beating estimates calling for $0.879 per share.

Pfizer (PFE) reported earnings on 8/1/2017 before the market open of $0.67, beating estimates calling for $0.659 per share.

Apple (AAPL) reported earnings on 8/1/2017 after the market close of $1.67, beating estimates of $1.607 per share.

Disney (DIS) reports earnings on 8/8/2017 after the market close.

Home Depot (HD) reports earnings on 8/15/2017 before the market open.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +1.35% year-to-date.

Financial Calendar

0730 ET Jul Challenger job cuts, Jun -19.3% y/y.

0830 ET Weekly initial unemployment claims expected -1,000 to 243,000, previous +10,000 to 244,000. Weekly continuing claims expected -6,000 to 1.958 million, previous -13,000 to 1.964 million.

0830 ET USDA weekly Export Sales.

0945 ET Final-Jul Markit U.S. services PMI expected unch at 54.2, prelim-Jul unch at 54.2.

1000 ET Jul ISM non-manufacturing expected -0.5 to 56.9, Jun +0.5 to 57.4.

1000 ET Jun factory orders expected +3.0%, May -0.8% and -0.3% ex transportation.

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