DJIA Market Happenings For Friday, January 12, 2018

Dow stocks at 52 week highs include Boeing (BA), Caterpillar (CAT), Chevron (CVX), Home Depot (HD), JPMorgan (JPM) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +95 points.

Thursday the Dow was up +205.60 (+0.81%) at 25,574.73.

Year-to-date the Dow is up +3.46%.

There were 26 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Chevron (CVX) +3.04% and Boeing (BA) +2.45%.

The Dow stock losers Thursday were led by American Express (AXP) -0.48% and Procter & Gamble (PG) -0.35%.

JPMorgan Chase (JPM +0.54%) fell -0.5% in premarket trading after it reported a -26% decline in Q4 trading revenue, a bigger decline than expectations of -19%.

JPMorgan (JPM) reported earnings this morning, see earnings section below.

European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.3 cents at $2.521 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) reported earnings on 1/12/2018 before the market open of $1.07, missing estimates calling for $1.726 per share.

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.

Caterpillar (CAT) reports earnings on 1/25/2018 before the market open.

Intel (INTC) reports earnings on 1/25/2018 after the market close.

3M (MMM) reports earnings on 1/25/2018 at an unspecified time.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (CD) is up +0.74% year-to-date.

Financial Calendar

0830 ET Dec CPI expected +0.1% m/m and +2.1% y/y, Nov +0.4% m/m and +2.2% y/y. Dec CPI ex food & energy expected +0.2% m/m and +1.7% y/y, Nov +0.1% m/m and +1.7% y/y.

0830 ET Dec retail sales expected +0.5% and +0.4% ex autos, Nov +0.8% m/m and +1.0% ex autos.

1000 ET Nov business inventories expected +0.4%, Oct -0.1%.

1200 ET Philadelphia Fed President Patrick Harker (non-voter) delivers a speech on the economic outlook to the Central Bucks Chamber of Commerce.

1200 ET USDA Q4 quarterly grain stocks.

1200 ET USDA Jan WASDE crop production.

1615 ET Boston Fed President Eric Rosengren (non-voter) delivers keynote address at a conference at the University of California, San Diego Rady School of Management on Money, Models and Digital Innovation.

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