DJIA Market Happenings For Wednesday, October 3, 2018

Dow stocks at 52 week highs include APple (AAPL), Boeing (BA), Cisco (CSCO), Merck (MRK), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +97 points.

Tuesday the Dow was up +122.73 (+0.46%) at 26,773.94.

Year-to-date the Dow is up +8.31%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) +3.55% and 3M (MMM) +1.66%.

The Dow stock losers Tuesday were led by Nike (NKE) -2.00% and Home Depot (HD) -1.37%.

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

The national average price of gasoline is up 1.7 cents at $2.902 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reports earnings on 10/11/18 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +27.51% year-to-date.

Financial Calendar

10:30 Chicago Fed President Evans Speaks

11:00 MBA 30-Year Mortgage Rate, 4.97%

11:00 MBA Mortgage Applications (WoW), 2.9%

11:00 MBA Purchase Index, 240.4

11:00 Mortgage Market Index, 352.5

11:00 Mortgage Refinance Index , 946.8

12:05 FOMC Member Barkin Speaks

12:15 ADP Nonfarm Employment Change (Sep), 187K, 163K

13:45 Markit Composite PMI (Sep), 53.4, 53.4

13:45 Services PMI (Sep), 52.9, 52.9

14:00 ISM Non-Manufacturing Business Activity (Sep), 60.3, 60.7

14:00 ISM Non-Manufacturing Employment (Sep), 56.7

14:00 ISM Non-Manufacturing New Orders (Sep), 60.4

14:00 ISM Non-Manufacturing PMI (Sep), 58.1, 58.5

14:00 ISM Non-Manufacturing Prices (Sep), 62.8

14:30 Crude Oil Inventories, 1.985M, 1.852M

14:30 Crude Oil Imports, -0.495M

14:30 Cushing Crude Oil Inventories, 0.461M

14:30 Distillate Fuel Production, -0.462M

14:30 EIA Weekly Distillates Stocks, -1.303M, -2.241M

14:30 Gasoline Production, -0.438M

14:30 Heating Oil Stockpiles, 0.130M

14:30 Gasoline Inventories, 1.316M, 1.530M

18:00 FOMC Member Brainard Speaks

18:15 FOMC Member Mester Speaks

20:00 Fed Chair Powell Speaks

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