The Dow Market Happenings For Friday, March 24, 2017

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 +46 points.

Thursday the Dow was down -4.72 (-0.02%) at 20,656.58.

Year-to-date the Dow is up +4.52%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Nike (NKE) +2.69% and Dupont (DD) +1.74%.

The Dow stock losers Thursday were led by UnitedHealth (UNH) -1.04% and Travelers (TRV).

After more than 8 years of political haggling over both its future and its benefits, the Keystone XL oil pipeline running from Canada to America’s heartland has been approved by Trump.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.290 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +5.57% year-to-date.

Financial Calendar

0800 ET Chicago Fed President Charles Evans (voter) speaks at a Fed community development research conference in Washington D.C.

0830 ET Feb durable goods orders expected +1.4% and +0.6% ex transportation, Jan +2.0% and unch ex transportation. Feb capital goods new orders non-defense ex aircraft expected +0.5%, Jan -0.1%.

0945 ET Mar Markit manufacturing PMI expected +0.5 to 54.7, Feb -0.8 to 54.2.

1000 ET New York Fed President William Dudley speaks with business students at York College.

1500 ET USDA Feb Cattle on Feed.

The Dow Market Happenings For Thursday, March 23, 2017

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 down -27 points.

Wednesday the Dow was down -6.71 (-0.03%) at 20,661.30.

Year-to-date the Dow is up +4.55%.

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +1.28% and Apple (AAPL) +1.13%.

The Dow stock losers Wednesday were led by Nike (NKE) -7.05% and Verizon (VZ) -0.90%.

A judge said on Wednesday that Exxon (XOM) must turn over documents to a New York prosecutor probing whether the company lied to the public and investors about the threat of climate change.

Jobless claims increased by 15,000 to 258,000 in the week ended March 18. The median forecast called for 240,000. Estimates ranged from 220,000 to 255,000. The Labor Department revised the prior week’s reading to 243,000 from an initially reported 241,000.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down one-tenth of a cent at $2.292 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +4.65% year-to-date.

Financial Calendar

0800 ET Fed Chair Janet Yellen speaks at a Fed community development research conference in Washington D.C.

0830 ET Weekly initial unemployment claims expected -1,000 to 240,000, previous -2,000 to 241,000. Weekly continuing claims expected +10,000 to 2.040 million, previous -30,000 to 2.030 million.

0830 ET USDA weekly Export Sales.

1000 ET Feb new home sales expected +1.8% to 565,000, Jan +3.7% to 555,000.

1100 ET Mar Kansas City Fed manufacturing activity expected unch at 14, Feb +5 to 14.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Mar 27-29.

1230 ET Minneapolis Fed President Neel Kashkari (voter) speaks on U.S. education outcomes and achievement gaps at a Fed community development research conference in Washington D.C.

1300 ET Treasury auctions $11 billion 10-year TIPS.

1900 ET Dallas Fed President Robert Kaplan (voter) speaks on the economic outlook at the Chicago Council on Global Affairs.

DJIA Market Happenings For Wednesday, March 22, 2017

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

The Market

Premarket today, the Dow was indicated to open down -53 points.

Tuesday the Dow was down -237.85 (-1.14%) at 20,668.01.

Year-to-date the Dow is up +4.58%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Coca Cola (KO) +0.76% and Chevron (CVX) +0.35%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -3.77% and Caterpillar (CAT) -3.11%.

Nike (NKE -1.14%) lost almost 4% in after-hours trading after it reported Q3 revenue of $8.43 billion, below consensus of $8.47 billion, and said worldwide futures orders ex-currency were down 1%, weaker than estimates of up 3.4%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.293 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +8.56% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +3.1% with purchase sub-index +2.3% and refi sub-index +4.1%.

0900 ET Jan FHFA house price index expected +0.4% m/m, Dec +0.4% m/m.

1000 ET Feb existing home sales expected -2.4% to 5.56 million, Jan +3.3% to 5.69 million.

1030 ET EIA Weekly Petroleum Status Report.

1500 ET USDA Feb Cold Storage.