Market Happenings For Friday, May 10, 2013

Dow stocks at 52 week highs include Dupont (DD), Walt Disney (DIS), Home Depot (HD), 3M (MMM), Boeing (BA) and Chevron (CVX). There are no Dow stock 52 week lows.

The Market

Thursday the Dow closed down -22.50 (-0.15%) at 15,082.62.

This morning the Dow is indicated to open up +17 points.

Investors will be watching Federal Reserve Chairman Ben Bernanke closely today for talk about stimulus as he delivers a speech in Chicago at 9:30 a.m. ET.

The top three Dow gainers this year include Hewlett-Packard (HPQ) +48.63%, The Walt Disney Company (DIS) +33.90% and Boeing (BA) +25.54%.

European markets are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.1 cents to $3.560 per gallon.

Earnings Reports

Cisco (CSCO) reports earnings on 5/15/13 after the market close.

Wal-Mart (WMT) reports earnings on 5/16/13 before the market open.

Home Depot reports earnings on 5/21/13 before the market open.

Hewlett-Packard (HP) reports earnings 5/21/13 after the market close.

UnitedHealth Group Incorporated (UNH).

Financial Calendar

0825 ET Chicago Fed President Charles Evans speaks at the Chicago FedÂ’s annual conference on bank structure and competition.

0930 ET Fed Chairman Ben Bernanke delivers keynote address at the Chicago FedÂ’s annual bank conference.

1200 ET May USDA WASDE crop report.

1400 ET Apr monthly budget statement expected +$62.0 billion, Mar -$106.5 billion.

1400 ET Kansas City Fed President Esther George speaks on the economy to the Wyoming Business Alliance.

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