The Dow Market Happenings For Thursday, September 19, 2019

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +41 points.

Wednesday the Dow was up +36.28 (+0.13%) at 27,147.08.

Year-to-date the Dow is up +16.37%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by JPMorgan (JPM) +1.00%, Apple (AAPL) +0.94% and Microsoft (MSFT) +0.82%.

The Dow stock losers Wednesday were led by Dow (DOW) -1.02%, Caterpillar (CAT) -0.83% and UnitedHealth (UNH) -0.82%.

The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy shows additional signs of weakening.

Unemployment insurance weekly claims in the week ending September 14, the advance figure for seasonally adjusted initial claims was 208,000, an increase of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 204,000 to 206,000. The 4-week moving average was 212,250, a decrease of 750 from the previous week’s revised average. The previous week’s average was revised up by 500 from 212,500 to 213,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 7, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 7 was 1,661,000, a decrease of 13,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,670,000 to 1,674,000. The 4-week moving average was 1,677,500, a decrease of 3,750 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 1,680,250 to 1,681,250.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.6 cents at $2.667 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/24/2019 after the market close.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is up +6.79% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Business Outlook Survey

8:30 AM ET Current Account

10:00 AM ET Existing Home Sales

10:00 AM ET Leading Indicators

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.