The Dow Market Happenings For Thursday, July 5, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +160 points.

Tuesday the Dow was down -132.36 (-0.54%) at 24,174.82.

Year-to-date the Dow is down -2.20%.

There were 20 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Johnson & Johnson (JNJ) +0.93% and Exxon Mobil (XOM) +0.59%.

The Dow stock losers Tuesday were led by Nike (NKE) -2.64% and Caterpillar (CAT) -1.80%.

Unemployment insurance weekly claims in the week ending June 30, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 224,500, an increase of 2,250 from the previous week’s revised average. The previous
week’s average was revised up by 250 from 222,000 to 222,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 23, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 23 was 1,739,000, an increase of 32,000 from the previous week’s revised level. The previous week’s level was revised up 2,000 from 1,705,000 to 1,707,000. The 4-week moving average was 1,718,250, a decrease of 1,750 from the previous week’s revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week’s average was revised up by 500 from 1,719,500 to 1,720,000.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.866 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

Nike (NKE) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reports earnings on 7/13/2018 before the market open.

Goldman Sachs (GS) reports earnings on 7/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 7/17/2018 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is down -3.11% year-to-date.

Financial Calendar

11:30 Challenger Job Cuts (Jun), 31.5K

11:30 Challenger Job Cuts (YoY), -4.8%

12:15 ADP Nonfarm Employment Change (Jun), 190K, 178K

12:30 Continuing Jobless Claims, 1,720K, 1,705K

12:30 Initial Jobless Claims, 231K, 227K

12:30 Jobless Claims 4-Week Avg., 222.00K

13:45 Bloomberg Consumer Confidence, 57.3

13:45 Markit Composite PMI (Jun), 56.0, 56.0

13:45 Services PMI (Jun), 56.5, 56.5

14:00 ISM Non-Manufacturing Business Activity (Jun), 60.9, 61.3

14:00 ISM Non-Manufacturing Employment (Jun), 54.1

14:00 ISM Non-Manufacturing New Orders (Jun), 60.5

14:00 ISM Non-Manufacturing PMI (Jun), 58.3, 58.6

14:00 ISM Non-Manufacturing Prices (Jun), 64.3

15:00 Crude Oil Inventories, -5.200M, -9.891M

15:00 Crude Oil Imports, -0.512M

15:00 Cushing Crude Oil Inventories, -2.713M

15:00 Distillate Fuel Production, -0.072M

15:00 EIA Weekly Distillates Stocks, -0.545M, 0.015M

15:00 Gasoline Production, 0.043M

15:00 Heating Oil Stockpiles, -0.025M

15:00 Gasoline Inventories, -0.817M, 1.156M

18:00 FOMC Meeting Minutes

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