DJIA Market Happenings For Wednesday, October 4, 2017

Dow stocks at 52 week highs include American Express (AXP), Home Depot (HD), Intel (INTC) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -16 points.

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

Year-to-date the Dow is up +14.57%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +0.77% and American Express (AXP) +0.98%.

The Dow stock losers Tuesday were led by Nike (NKE) -0.77% and Microsoft (MSFT) -0.47%.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down nine-tenths of a cent at $2.534 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

Caterpillar (CAT)

Caterpillar (CAT) is up +27.5% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.5% with purchase sub-index +2.8% and refi sub-index +3.5%.

0815 ET Sep ADP employment change expected +143,000, Aug +237,000.

0945 ET Revised Sep Markit services PMI expected unchanged at 55.1, prelim-Sep -0.9 to 55.1. Revised Sep Markit composite PMI, prelim-Sep -0.7 to 54.6.

1000 ET Sep ISM non-manufacturing PMI expected +0.2 to 55.5, Aug +1.4 to 55.3.

1030 ET EIA weekly Petroleum Status Report.

1515 ET Fed Chair Janet Yellen delivers opening remarks at a community banking conference in St. Louis.

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