The Dow Market Happenings For Wednesday, November 21, 2018

Dow stocks at 52 week highs include Coca Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ). Dow stock 52 week lows include Home Depot (HD) and Goldman Sachs (GS).

The Market

Premarket today, the Dow was indicated to open up +135 points.

Tuesday the Dow was down -551.80 (-2.21%) at 24,465.64.

Year-to-date the Dow is down -1.03%.

There were no Dow stocks up Tuesday.

The Dow stock winners Tuesday were not to be found as all 30 Dow stocks were down at the close.

The Dow stock losers Monday were led by Apple (AAPL) -4.78%, Goldman Sachs (GS) -3.47%, Disney (DIS) -3.08%, Exxon Mobil (XOM) -2.84%, Microsoft (MSFT) -2.78% and Chevron (CVX) -2.78%.

The top six performing Dow stocks year-to-date in 2018 are Merck (MRK) +32.89%, Pfizer (PFE) +20.18%, Microsoft (MSFT) +18.90%, UnitedHealth (UNH) +18.62%, Visa (V) +16.97% and Cisco (CSCO) +16.16%.

The bottom six performing Dow stocks year-to-date in 2018 are Goldman Sachs (GS) -24.89%, IBM (IBM) -23.61%, Caterpillar (CAT) -22.41%, DowDuPont (DWDP) -20.85%, 3M (MMM) -14.81% and Home Depot (HD) -10.81%.

Goldman Sachs (GS -3.47%) is down -0.4% in premarket trading after it was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1.2 cents at $2.600 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +18.90% year-to-date.

Financial Calendar

12:00 MBA 30-Year Mortgage Rate, 5.17%

12:00 MBA Mortgage Applications (WoW), -3.2%

12:00 MBA Purchase Index , 220.8

12:00 Mortgage Market Index, 316.7

12:00 Mortgage Refinance Index, 824.7

13:30 Cap Goods Ship Non Defense Ex Air (MoM), -0.1%

13:30 Continuing Jobless Claims, 1,635K, 1,676K

13:30 Core Durable Goods Orders (MoM) (Oct), 0.4%, 0.1%

13:30 Durable Goods Orders (MoM) (Oct), -2.2%, 0.7%

13:30 Durables Excluding Defense (MoM) (Oct), 0.1%, -0.7%

13:30 Goods Orders Non Defense Ex Air (MoM) (Oct), 0.2%, -0.1%

13:30 Initial Jobless Claims, 215K, 216K

13:30 Jobless Claims 4-Week Avg., 215.25K

15:00 Existing Home Sales (Oct), 5.20M, 5.15M

15:00 Existing Home Sales (MoM) (Oct), 1.0%, -3.4%

15:00 Michigan 5-Year Inflation Expectations (Nov), 2.60%

15:00 Michigan Consumer Expectations (Nov), 89.1, 88.7

15:00 Michigan Consumer Sentiment (Nov), 98.4, 98.3

15:00 Michigan Current Conditions (Nov), 114.4, 113.2

15:00 Michigan Inflation Expectations (Nov), 2.8%

15:30 Crude Oil Inventories, 2.941M, 10.270M

15:30 Crude Oil Imports, 0.268M

15:30 Cushing Crude Oil Inventories, 1.167M

15:30 Distillate Fuel Production, 0.030M

15:30 EIA Weekly Distillates Stocks, -2.754M, -3.589M

15:30 Gasoline Production, 0.342M

15:30 Heating Oil Stockpiles, -0.308M

15:30 Gasoline Inventories, -0.198M, -1.411M

17:00 Natural Gas Storage, -109B, 39B

18:00 10-Year TIPS Auction, 0.910%

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