The Dow closed up +7.04 yesterday at 13,175.64. Personally, I think it closes lower today. There’s just no news to push things either way.
European stocks were lower in afternoon trading and Asian markets ended higher.
The national average price of gasoline is up 1.5 cents today at $3.662 per gallon.
Dow 52 week highs include DIS, XOM and CVX. CVX looks to be breaking out. It’s last 52 week high was back in March of this year. For the year, Chevron is up in the neighborhood of 19% (looking at my weekly chart).
Earnings reports: KSS-Kohls (Consensus $0.96), JWN-Nordstrom (0.74), NVDA-Nvidia (0.22), WIN-Windstream (0.12), CFN-Carefusion (0.49), AAP-Advance Auto Parts (1.39), RGLD-Royal Gold (0.44), MDVN-Medivation (0.22), AMCX-AMC Networks (0.58), LPI-Laredo Petroleum.
0830 ET Weekly initial unemployment claims expected +5,000 to 370,000, previous +8,000 to 365,000. Weekly continuing claims expected +6,000 to 3.278 million, previous -19,000 to 3.272 million.
0830 ET Jun trade balance expected -$47.5 bln, May -$48.7 billion.
0830 ET USDA weekly exports.
1000 ET Jun wholesale inventories expected +0.3%, May +0.3%.
1030 ET DOE natural gas storage.
1300 ET Treasury auctions $16 billion 30-year T-bonds.
1630 ET Weekly money supply report and Fed balance sheet.