Market Happenings For Monday, March 25, 2013

Dow stocks at 52 week ighs include CVX, JNJ and TRV. There are no Dow stock 52 week lows.

The Market

The Dow closed Friday up +90.54 (+0.63%) at 14,512.03

Last week DJIA was down -2.08 points (nearly unchanged), Nasdaq -0.1%, S&P 500 -0.2% and Russell 2000 -0.7%.

Year-to-date DJIA is up +10.7%, Nasdaq +7.5%, S&P 500 +9.2% and Russell 2000 +11.4%.

The Dow is indicated to open up +31 this morning.

World markets got a boost higher Monday after Cyprus and EU negotiators reached a deal on a €10 billion bailout for the tiny island nation.

The new bailout program includes a deep restructuring of the country’s banking sector, but also will protect deposits of less than €100,000. The plan to tax all bank accounts, which enraged Cypriots, was shelved.

European markets are higher and Asian markets ended mostly higher.

The national average price of gasoline is down four-tenths of a cent to $3.667 per gallon.

Earnings Reports

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

Apollo Group (APOL) is expected to report fourth quarter EPS of $0.18 vs. $0.58 a year ago.

Dollar General (DG) is expected to report fourth quarter EPS of $0.90 vs. $0.87 a year ago.

JA Solar (JASO) is expected to report a fourth quarter loss of $1.53 per share vs. a loss of $0.55 per share a year ago.

Financial Calendar

0830 ET Feb Chicago Fed national activity index, Jan -0.32.

1030 ET March Dallas Fed manufacturing activity index expected 3.7, Feb 2.2.

1215 ET NY Fed President William Dudley speaks at Economic Club of New York.

1315 ET Fed Chairman Ben Bernanke, IMF Chief Economist Olivier Blanchard, Professor Lawrence Summers, and former ECB council member Axel Weber take part in a public discussion chaired by BOE Governor Mervyn King at London School of Economics.

1100 ET USDA weekly grain export inspections.

Both comments and pings are currently closed.

Comments are closed.