DJIA Market Happenings For Monday, October 2, 2017

Dow stocks at 52 week highs include American Express (AXP), Caterpillar (CAT) and Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +21 points.

Friday the Dow was up +23.89 (+0.11%) at 22,405.09.

Year-to-date the Dow is up +13.37%.

There were 17 Dow stocks up Friday.

The Dow stock winners Friday were led by Cisco (CSCO) +0.84% and Microsoft (MSFT) +0.84%.

The Dow stock losers Friday were led by Nike (NKE) -1.48% and Wal-Mart (WMT) -1.03%.

Disney (DIS) reached a tentative deal with New York cable provider Altice USA on Sunday afternoon, adverting a blackout of Disney-owned channels in nearly 2.6 million homes in the greater New York area.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down five-tenths of a cent at $2.551 per gallon.

Earnings Reports.

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

JPMorgan (JPM) reports earnings on 10/12/2017 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +41.64% year-to-date.

Financial Calendar

0945 ET Revised Sep U.S. Markit manufacturing PMI expected unchanged at 53.0, prelim-Sep +0.2 to 53.0.

1000 ET Sep ISM U.S. manufacturing index expected -0.8 to 58.0, Aug +2.5 to 58.8. Sep ISM new orders, Aug -0.1 to 60.3. Sep ISM employment, Aug +4.7 to 59.9. Sep ISM prices paid expected +1.5 to 63.5, Aug unch at 62.0.

1000 ET Aug construction spending expected +0.4%, Jul -0.6% m/m.

1100 ET USDA weekly grain export inspections.

1400 ET Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at an event hosted by the El Paso branch of the Dallas Fed.

1600 ET USDA crop conditions and progress report.

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