Market Happenings For Tuesday, September 10, 2013

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Monday the Dow closed up +140.62 (+0.94%) at 15,063.12.

Year-to-date the Dow is up +14.95%..

This morning the Dow was indicated to open up +67 points.

Big news on the Dow with AA, BAC and HPQ being replaced by GS, NKE and V. See the earlier post.

Apparently Apple (AAPL) and Google (GOOG) were not in the running because their share prices are too large as the Dow is a price-weighted index.

European markets are higher and Asian markets ended higher.

The national average price of gasoline is down six-tenths of a cent to $3.564 per gallon.

Earnings Reports

There are no Dow stocks expected to report earnings soon.

Earnings reports from Monday include:

UTi Worldwide Inc. (UTIW) reported second quarter EPS of $0.05 on revenue of $1.13 billion, below expectations of EPS of $0.14 on revenue of $1.15 billion.

Other stocks expected to report earnings today include:

Avid Technology, Inc (AVID) is expected to announce a second quarter loss of $0.01 per share, compared to last year’s loss of $0.17 per share.

Triangle Petroleum Corporation (TPLM) is expected to announce EPS of $0.14, compared to last year’s loss of $0.02 per share.

Today’s Featured Dow Stock

Caterpillar Inc. (CAT).

Caterpillar Inc. (CAT) is down -4.48% year-to-date.

Financial Calendar

1300 ET Treasury auctions $32 billion 3-year T-notes.

1630 ET API weekly U.S. oil statistics.

n/a President Obama addresses the nation regarding a U.S. military strike on Syria.

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