The Dow Market Happenings For Wednesday, September 27, 2017

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +49 points.

Tuesday the Dow was down -53.50 (-0.24%) at 22,296.09.

Year-to-date the Dow is up +12.76%.

There were 11 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +1.72% and Nike (NKE) +0.88%.

The Dow stock losers Tuesday were led by McDonald’s (MCD) -1.86% and Disney (DIS) -0.94%.

Nike (NKE) fell 3% in after-hours trading after it reported Q1 revenue of $9.07 billion, below consensus of $9.09 billion, citing declining growth in North America.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up three-tenths of a cent at $2.568 per gallon.

Earnings Reports.

Nike (NKE) reportsed earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is up +13.38% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -9.7% with purchase sub-index -10.8% and refi sub-index -8.5%.

0830 ET Aug durable goods orders expected +1.0% and +0.3% ex-transportation, Jul -6.8% and +0.6 ex-transportation. Aug capital goods new orders ex aircraft & parts expected +0.3%, Jul +1.0%.

1000 ET Aug pending home sales expected -0.5%, Jul -0.8% m/m and -0.5% y/y.

1030 ET EIA weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating rate notes.

1300 ET Treasury auctions $34 billion 5-year T-notes.

1330 ET St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at Truman State University in Kirksville, MO.

1900 ET Boston Fed President Eric Rosengren (non-voter) speaks to eh Money Marketeers of NYU.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.