DJIA Market Happenings For Thursday, October 11, 2018

Dow stocks at 52 week highs include Pfizer (PFE) and Merck (MRK) (intraday for sure). Dow stock 52 week lows include Goldman Sachs (GS).

The Market

Premarket today, the Dow was indicated to open down -62 points.

Wednesday the Dow was down -831.83 (-3.15%) at 25,598.74.

Year-to-date the Dow is up +3.56%.

There were no Dow stocks up Wednesday.

The Dow stock winners Wednesday were not to be found.

The Dow stock losers Wednesday were led by Nike (NKE) -6.81%, Microsoft (MSFT) -5.43%, Visa (V) -4.77%, Boeing (BA) -4.66%, Apple (AAPL) -4.63% and 3M (MMM) -3.93%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.910 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.

JPMorgan (JPM) reports earnings on 10/12/18 before the market open.

Goldman Sachs (GS) reports earnings on 10/16/18 before the market open.

IBM (IBM) reports earnings on 10/16/18 after the market close.

Johnson & Johnson (JNJ) reports earnings on 10/16/18 before the market open.

UnitedHealth (UNH) reports earnings on 10/16/18 before the market open.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -5.51% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,660K, 1,650K

12:30 Core CPI (MoM) (Sep), 0.2%, 0.1%

12:30 Core CPI (YoY) (Sep), 2.3%, 2.2%

12:30 Core CPI Index (Sep), 258.14

12:30 CPI (YoY) (Sep), 2.4%, 2.7%

12:30 CPI (MoM) (Sep), 0.2%, 0.2%

12:30 CPI Index, n.s.a. (Sep), 252.69, 252.15

12:30 Initial Jobless Claims, 206K, 207K

12:30 Jobless Claims 4-Week Avg., 207.00K

12:30 Real Earnings (MoM) (Sep), 0.1%, 0.1%

14:30 Natural Gas Storage, 91B, 98B

15:00 Cleveland CPI (MoM) (Sep), 0.1%

15:00 Crude Oil Inventories, 2.620M, 7.975M

15:00 Crude Oil Imports, 1.080M

15:00 Cushing Crude Oil Inventories, 1.699M

15:00 Distillate Fuel Production, 0.034M

15:00 EIA Weekly Distillates Stocks, -2.005M, -1.750M

15:00 Gasoline Production, 0.118M

15:00 Heating Oil Stockpiles, -0.052M

15:00 Gasoline Inventories, -0.042M, -0.459M

16:00 WASDE Report

17:00 30-Year Bond Auction, 3.088%

18:00 Federal Budget Balance, -214.0B

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