DJIA Market Happenings For Wednesday, October 30, 2019

Dow stocks at 52 week highs include Apple (AAPL) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Tuesday the Dow was down -19.30 (-0.07%) at 27,071.42.

Year-to-date the Dow is up +16.05%.

There were 11 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Merck (MRK) +3.53%, Pfizer (PFE) +2.49% and Boeing (BA) +2.36%.

The Dow stock losers Tuesday were led by Apple (AAPL) -2.31%, Walmart (WMT) -1.74% and Nike (NKE) -1.73%.

The Fed ends a two-day FOMC meeting with announcement at 11:00 am PDT.

Boeing (BA) CEO Dennis Muilenburg is back on Capitol Hill on Wednesday, appearing before a House panel on the 737 Max plane and whether aviation safety needs greater oversight.

Private sector employment increased by 125,000 jobs from September to October according to the October ADP National Employment ReportĀ®.

The U.S. GDP grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up nine-tenths of a cent at $2.611 per gallon.

Earnings Reports

Goldman Sachs (GS) reported earnings on 10/15/2019 before the open of $4.79, missing estimates calling for $4.81 per share.

Johnson & Johnson (JNJ) reported earnings on 10/15/2019 before the open of $2.12, beating estimates calling for $2.048 per share.

JPMorgan (JPM) reported earnings on 10/15/2019 before the open of $2.68, beating estimates calling for $2.483 per share.

UnitedHealth (UNH) reported earnings on 10/15/2019 before the open of $3.88, beating estimates of $3.783 per share.

IBM (IBM) reported earnings on 10/16/2019 after the market close of $2.68, just missing estimates calling for $2.69 per share.

American Express (AXP) reported earnings on 10/18/2019 before the market open of $2.08, just missing estimates calling for $2.084 per share.

Coca Cola (KO) reported earnings on 10/18/2019 before the market open of $0.56, missing estimates calling for $0.577 per share.

United Technologies (UTX) reported earnings on 10/22/2019 before the market open of $2.21, beating estimates of $2.08 per share.

Procter & Gamble (PG) reported earnings on 10/22/2019 before the market open of $1.39, beating estimates of $1.258 per share.

McDonald’s (MCD) reported earnings on 10/22/2019 before the market open of $2.11, missing estimates calling for $2.233 per share.

Travelers (TRV) reported earnings on 10/22/2019 before the market open of $1.43, missing estimates calling for $2.379 per share.

Boeing (BA) reported earnings on 10/23/2019 before the market open of $1.45, missing estimates of $2.205 per share.

Caterpillar (CAT) reported earnings on 10/23/2019 before the market open of $2.66, missing estimates calling for $2.854 per share.

Microsoft reported earnings on 10/23/2019 after the market close of $1.38, beating estimates calling for $1.306 per share.

Dow (DOW) reported earnings on 10/24/2019 before the market open of $0.91 per share.

3M (MMM) reported earnings on 10/24/2019 before the market open of $2.72, beating estimates calling for $2.454 per share.

Intel (INTC) reported earnings on 10/24/2019 after the market close of $1.42, beating estimates of $1.275 per share.

Visa (V) reported earnings on 10/24/2019 after the market close of $1.47, beating estimates of $1.458 per share.

Verizon (VZ) reported earnings on 10/25/2019 before the market open of $1.25, pretty much meeting estimates calling for $1.254 per share.

Walgreens (WBA) reported earnings on 10/28/2019 before the market open of $1.43, missing estimates calling for $1.451 per share.

Merck (MRK) reported earnings on 10/29/2019 before the market open of $1.51, beating estimates of $1.28 per share.

Pfizer (PFE) reported earnings on 10/29/2019 before the market open of $0.75, beating estimates calling for $0.644 per share.

Apple (AAPL) reports earnings on 10/30/2019 after the market close.

Chevron (CVX) reports earnings on 11/1/2019 before the market open.

Exxon Mobil (XOM) reports earnings on 11/1/2019 before the market open.

Disney (DIS) reports earnings on 11/7/2019 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) is down -9.14% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET GDP

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

2:00 PM ET FOMC Meeting Announcement

2:30 PM ET Fed Chair Press Conference

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