The Dow Market Happenings For Friday, May 23, 2014

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

The Market

Premarket today, the Dow was indicated to open down -2 points.

Thursday, the Dow closed up +10.02 (+0.06%) at 16,543.08.

Year-to-date the Dow is down -0.20%.

No Dow stock news to be had this lazy Friday before the Memorial Day weekend.

European stocks were mostly lower and Asian markets closed higher.

The national average price of gasoline is up seven-tenths of a cent at $3.656 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings until Nike reports in late June.

Notable earnings reports from Thursday include:

Best Buy (BBY) reported first quarter EPS of $0.33 on revenue of $9.04 billion, compared to last year’s EPS of $0.32 on revenue of $9.38 billion.

The Gap (GPS) reported first quarter EPS of $0.58 on revenue of $3.77 billion, compared to last year’s EPS of $0.71 on revenue of $3.73 billion.

Hewlett-Packard (HPQ) reported second quarter EPS of $0.88, compared to last year’s EPS of $0.87 on revenue of $27.58 billion.

Sears Holdings (SHLD) reported a first quarter loss of $2.24 on revenue of $7.88 billion, compared to last year’s loss of $1.54 on revenue of $8.45 billion.

Stocks reporting earnings today include:

Footlocker (FL) is expected to report first quarter EPS of $1.05 on revenue of $1.79 billion, compared to last year’s EPS of $0.91 on revenue of $1.64 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is down -0.93% year-to-date.

Financial Calendar

1000 ET Apr new home sales expected +10.7% to 425,000, Mar -14.5% to 384,000.

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