Market Happenings For Friday, May 24, 2013

Dow stocks at 52 week highs include Hewlett-Packard (HPQ) and Boeing (BA). There are no Dow stock 52 week lows.

The Market

Thursday the Dow closed down -12.67 (-0.08%) at 15,294.50.

This morning the Dow was indicated to open down -34 points.

St. Louis Fed President James Bullard told CNBC that inflation needs to move closer to target before QE is tapered.

The biggest gainers year-to-date are HPQ +74.67%, BA +32.36% , DIS +31.01%, AXP +29.94%, MSFT +27.86%, HD +27.58% and JNJ +24.41%.

The biggest Dow stock yielders are AT&T (T) 4.90%, Verizon (VZ) 3.97%, Intel (INTC) 3.74%, Merck (MRK) 3.63% and Pfizer (PFE) 3.33%. See how AT&T has performed in the chart below.

Japan’s Nikkei, which plunged 7% Thursday, finished the trading day with a 0.9% gain.

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

The national average price of gasoline is up six-tenths of a cent to $3.660 per gallon.

Earnings Reports

There are no Dow stocks on the horizon set to report earnings.

AT&T (T).

Financial Calendar

0830 ET Apr durable goods orders expected +1.5% and +0.5% ex transportation, Mar -6.9% and -2.9% ex transportation.

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