DJIA Market Happenings For Tuesday, August 28, 2018

Dow stocks at 52 week highs include American Express (AXP), Cisco (CSCO), UnitedHealth (UNH) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +54 points.

Monday the Dow was up +259.29 (+1.01%) at 26,049.64.

Year-to-date the Dow is up +4.33%.

There were 26 Dow stocks up Monday.

The Dow stock winners Monday were led by Goldman Sachs (GS) +3.19% and Caterpillar (CAT) +2.77%.

The Dow stock losers Monday were led by Pfizer (PFE) -1.93% and Walmart (WMT) -0.43%.

The Dow Jones industrial average surged 1% on Monday to close above 26,000 for first time since early February. The S&P 500 and Nasdaq closed at record highs.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $2.835 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +6.11% year-to-date.

Financial Calendar

12:30 Goods Trade Balance (Jul), -68.60B, -67.92B

12:30 Wholesale Inventories (MoM), 0.1%, 0.1%

12:55 Redbook (MoM), 0.2%

12:55 Redbook (YoY), 4.7%

13:00 S&P/CS HPI Composite – 20 s.a. (MoM) (Jun), 0.2%, 0.2%

13:00 S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jun), 6.5%, 6.5%

13:00 S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jun), 0.7%

14:00 CB Consumer Confidence (Aug), 126.8, 127.4

14:00 Richmond Manufacturing Index (Aug), 18, 20

14:00 Richmond Manufacturing Shipments (Aug), 16

14:00 Richmond Services Index (Aug), 23

14:30 Dallas Fed Services Revenues (Aug), 25.4

14:30 Texas Services Sector Outlook (Aug), 21.1

15:30 4-Week Bill Auction, 1.910%

17:00 5-Year Note Auction, 2.815%

20:30 API Weekly Crude Oil Stock, -5.170M

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