The Dow Market Happenings For Thursday, January 11, 2018

Dow stocks at 52 week highs include Boeing (BA), Caterpillar (CAT), Cisco (CSCO) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +31 points.

Wednesday the Dow was down -16.67 (-0.07%) at 25,369.13.

Year-to-date the Dow is up +2.63%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by General Electric (GE) +1.99% and JPMorgan (JPM) +1.10%.

The Dow stock losers Wednesday were led by Intel (INTC) -2.57% and DowDupont (DWDP) -1.51%.

Wal-Mart (WMT) is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

Initial unemployment claims for the week ending January 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week’s unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week’s unrevised average of 241,750.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up 1.4 cents at $2.508 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

JPMorgan (JPM) reports earnings on 1/12/2018 at an unspecified time.

UnitedHealth (UNH) reports earnings on 1/16/2018 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/2018 at an unspecified time.

American Express (AXP) reports earnings on 1/18/2017 after the market close.

IBM (IBM) reports earnings on 1/18/2018 after the market close.

Johnson & Johnson (JNJ) reports earnings on 1/23/2018 at an unspecified time.

Procter & Gamble reports earnings on 1/23/2018 before the market open.

Verizon (VZ) reports earnings on 1/23/2018 at an unspecified time.

Travelers (TRV) reports earnings on 1/23/2018 before the market open.

General Electric (GE) reports earnings on 1/24/2018 before the market open.

United Technologies (UTX)) reports earnings on 1/24/2018 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +3.10% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -5,000 to 245,000, previous +3,000 to 250,000. Weekly continuing claims expected +6,000 to 1.920 million, previous -37,000 to 1.914 million.

0830 ET Dec PPI final demand expected +0.2% m/m and +3.0% y/y, Nov +0.4% m/m and +3.1% y/y. Dec PPI ex food & energy expected +0.2% m/m and +2.5% y/y, Nov +0.3% m/m and +2.4% y/y.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 10-year TIPS to be auctioned Jan 18.

1300 ET Treasury auctions $12 billion 30-year T-bonds.

1400 ET Dec monthly budget statement expected -$26.5 billion, Nov -$138.5 billion.

1530 ET New York Fed President William Dudley (voter) speaks on the U.S. economic outlook at a Securities Industry and Financial Markets Association event in New York.

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