DJIA Market Happenings For Wednesday, November 27, 2019

Dow stocks at 52 week highs include Disney (DIS), Merck (MRK) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -6 points.

Tuesday the Dow was up +55.21 (+0.20%) at 28,121.68.

Year-to-date the Dow is up +20.55%.

There were 17 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Merck (MRK) +1.91%, Procter & Gamble (PG) +1.45% and Disney (DIS) +1.30%.

The Dow stock losers Tuesday were led by Walgreens (WBA) -1.71%, Pfizer (PFE) -1.01% and Apple (AAPL) -0.78%.

The Commerce Department said Wednesday that gross domestic product, a broad measure of all the goods and services produced in a country, rose by 2.1% from July to September. That was compared with an advance reading of 1.9%, which was released last month. GDP expanded 2% in the second quarter and 3.1% at the beginning of the year.

The Dow Jones Industrial Average, S&P 500 and Nasdaq all closed at records Tuesday.

The stock market is closed Thursday for Thanksgiving and closes early at 1 p.m. ET on Black Friday.

The FAA, with just 34 days left in 2019, is making it increasingly clear that the agency is unlikely to recertify the Boeing 737 Max this year, a timetable Boeing (BA) has been targeting for months. For the third time in two weeks, the Federal Aviation Administration said publicly it will take all the time it needs to conduct “numerous rounds of rigorous testing” to determine whether the Max is safe.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $2.589 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) is down -12.73% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

9:45 AM ET Chicago PMI

10:00 AM ET Personal Income and Outlays

10:00 AM ET Pending Home Sales Index

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

12:00 PM ET EIA Natural Gas Report

1:00 PM ET Baker-Hughes Rig Count

2:00 PM ET Beige Book

3:00 PM ET Farm Prices

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