DJIA Market Happenings For Thursday, August 27, 2020

Dow stocks hitting 52 week highs include Home Depot (HD), Microsoft (MSFT) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +105 points.

Wednesday the Dow was up +83.48 (+0.30%) at 28,331.92.

Year-to-date the Dow is down -0.72%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) 221.15 (+2.16%), Home Depot (HD) 291.93 (+2.03%) and Disney (DIS) 132.18 (+1.84%).

The Dow stock losers Wednesday were led by Exxon Mobil (XOM) 40.01 (-2.13%), Walgreens (WBA) 38.67 (-2.10%) and Travelers (TRV) 113.54 (-1.80%).

Unemployment insurance weekly claims in the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 1,106,000 to 1,104,000. The 4-week moving average was 1,068,000, a decrease of 107,250 from the previous week’s revised average. The previous week’s average was revised down by 500 from 1,175,750 to 1,175,250. The advance seasonally adjusted insured unemployment rate was 9.9 percent for the week ending August 15, a decrease of 0.2 percentage point from the previous week’s revised rate. The previous week’s rate was revised down by 0.1 from 10.2 to 10.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending August 15 was 14,535,000, a decrease of 223,000 from the previous week’s revised level. The previous week’s level was revised down by 86,000 from 14,844,000 to 14,758,000. The 4-week moving average was 15,215,750, a decrease of 604,000 from the previous week’s revised average. The previous week’s average was revised down by 21,500 from 15,841,250 to 15,819,750.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up 1.9 cents at $2.227 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 291.93 (-0.65%) is up +33.68% year-to-date. Home Depot (HD) YTD low was 140.63 on 3/18/2020. Home Depot has provided a +107.59% gain off the YTD low.

Financial Calendar

8:30 AM ET GDP

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

9:10 AM ET Jerome Powell Speaks

10:00 AM ET Pending Home Sales Index

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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