The Dow Market Happenings For Tuesday, June 5, 2018

Dow stocks at 52 week highs include Apple (AAPL), Intel (INTC), Microsoft (MSFT), Nike (NKE) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +8 points.

Monday the Dow was up +178.48 (+0.72%) at 24,813.69.

Year-to-date the Dow is up +0.38%.

There were 24 Dow stocks up Monday.

The Dow stock winners Monday were led by WAL-Mart (WMT) +2.93% and Merck (MRK) +2.41%.

The Dow stock losers Monday were led by General Electric (GE) -2.77% and Chevron (CVX)-1.28%.

Brent Crude futures are off 1.2% at $74.40 a barrel after the U.S. asked OPEC to increase production. It’s had little impact on WTI crude futures, the U.S. benchmark, which are off just 0.4% at $64.54 a barrel. The US has requested that OPEC raise output by 1M bbls/day which is weighing heavily on Brent crude prices this morning.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.942 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +10.96% year-to-date.

Financial Calendar

10:00 NFIB Small Business Optimism (May), 104.8

12:55 Redbook (MoM), 0.1%

12:55 Redbook (YoY), 4.3%

13:45 Markit Composite PMI (May), 55.7

13:45 Services PMI (May), 55.7, 55.7

Tentative IBD/TIPP Economic Optimism, 54.2, 53.6

14:00 ISM Non-Manufacturing Business Activity (May), 59.3, 59.1

14:00 ISM Non-Manufacturing Employment (May), 53.6

14:00 ISM Non-Manufacturing New Orders (May), 60.0

14:00 ISM Non-Manufacturing PMI (May), 57.9, 56.8

14:00 ISM Non-Manufacturing Prices (May), 61.8

14:00 JOLTs Job Openings (Apr), 6.490M, 6.550M

15:30 4-Week Bill Auction, 1.750%

20:30 API Weekly Crude Oil Stock, 1.001M

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