Market Happenings For Monday, June 03, 2013

Dow stocks at 52 week highs include American Express (AXP), Dupont (DD), Microsoft (MSFT) and Bank of America (BAC). There are no Dow stock 52 week lows.

The Market

Friday the Dow closed down -208.136% at 15,115.57.

This morning the Dow was indicated to open up +68 points.

Last week DJIA was down -1.2%, Nasdaq -0.1%, S&P 500 -1.1% and Russell 2000 just barely down a fraction of a point.

Year-to-date DJIA is up +15.3%, Nassaq +14.5%, S&P 500 +14.3% and Russell 2000 +15.9%.

Boeing (BA) is up premarket as the company announced over the weekend that it has begun final assembly on the first 787-9 Dreamliner, the latest version of the plane, ahead of schedule.

United Technologies’ (UTX) Sikorsky Aircraft was awarded a $435 million government contract modification to procure four CH-53K System Demonstration Test Article aircraft.

European markets are mostly higher and Asian markets ended down.

The national average price of gasoline is up 1.1 cents over the weekend to $3.623 per gallon.

Earnings Reports

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

Other stocks expected to report earnings today include:

ABM Industries (ABM) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago.

Cracker Barrel (CBRL) is expected to report third quarter EPS of $0.94 vs. $0.86 a year ago.

SAIC (SAI) is expected to report first quarter EPS of $0.26 vs. $0.35 a year ago.

Verint Systems (VRNT) is expected to report first quarter EPS of $0.52 vs. $0.53 a year ago.

Cracker Barrel (CBRL).

Financial Calendar

0720 ET San Francisco Fed President John Williams discusses a paper titled Two Decades of Inflation Targeting: Main Lessons and Remaining Challenges at the Sveriges Riksbank Conference in Stockholm.

1000 ET Apr construction spending expected +0.9%, Mar -1.7%.

1000 ET May ISM manufacturing index expected unch at 50.7, Apr -0.6 to 50.7. May ISM prices paid expected -0.5 to 49.5, Apr -4.5 to 50.0.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Crop Progress.

1700 ET May total vehicle sales expected 15.10 million, Apr 14.88 million. May domestic vehicle sales expected 11.95 million, Apr 11.76 million.

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