The Dow Market Happenings For Thursday, August 29, 2019

Dow stocks at 52 week highs include Coca Cola (KO). Dow stock 52 week lows include Caterpillar (CAT), 3M (MMM) and Walgreens (WMA).

The Market

Premarket today, the Dow was indicated to open up +225 points.

Wednesday the Dow was up +258.20 (+1.00%) at 26,036.10.

Year-to-date the Dow is up +11.61%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Dow (DOW) +3.28%, Pfizer (PFE) +2.15% and UnitedHealth (UNH) +1.98%.

The Dow stock losers Wednesday were led by Johnson & Jphnson (JNJ) -0.74%, Travelers (TRV) -0.50% and Microsoft (MSFT) -0.13%.

Unemployment insurance weekly claims in the week ending August 24, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 4,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 209,000 to 211,000. The 4-week moving average was 214,500, a decrease of 500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 214,500 to 215,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 17, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 17 was 1,698,000, an increase of 22,000 from the previous week’s revised level. The previous week’s level was revised up 2,000 from 1,674,000 to 1,676,000. The 4-week moving average was 1,697,250, a decrease of 250 from the previous week’s revised average. The previous week’s average was revised up by 500 from 1,697,000 to 1,697,500.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down four-tenths of a cent at $2.579 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is down -8.74% year-to-date.

Financial Calendar

8:30 AM ET GDP

8:30 AM ET International Trade in Goods

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

8:30 AM ET Retail Inventories [Advance]

8:30 AM ET Wholesale Inventories [Advance]

10:00 AM ET Pending Home Sales Index

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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