Dow stocks at 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open up +4 points.
Tuesday, the Dow closed up +100.83 (+0.59%) at 17,131.97.
Year-to-date the Dow is up +3.35%.
Dow stock winners Tuesday included UnitedHealth (UNH) +1.31% and Visa (V) +1.24%.
Dow stock losers Tuesday included Nike (NKE) -0.50%. Caterpillar (CAT) was unchanged for the day.
There were 28 Dow stock winners Tuesday.
NASA awarded a $6.8 billion contract to Boeing (BA) and SpaceX, of which Boeing will receive $4.2 billion, and SpaceX will receive $2.6 billion, for the commercial flight of astronauts to the International Space Station.
European stocks are higher and Asian markets ended mostly higher.
The national average price of gasoline is down eight-tenths of a cent at $3.373 per gallon.
Earnings Reports.
Nike (NKE) will report earnings on 9/25/14 after the market close.
Notable earnings reports from Tuesday include:
Adobe Systems Incorporated (ADBE) reported third quarter EPS of $0.28 on revenue of $1.01 billion, compared to last year’s EPS of $0.32 on revenue of $995.12 million.
FactSet Research Systems, Inc. (FDS) reported fourth quarter EPS of $1.31 on revenue of $238.70 million, compared to last year’s EPS of $1.20 on revenue of $219.33 million.
Stocks reporting earnings today include:
FedEx Corporation (FDX) is expected to report first quarter EPS of $1.94 on revenue of $11.47 billion, compared to last year’s EPS of $1.53 on revenue of $11.02 billion.
General Mills, Inc. (GIS) is expected to report first quarter EPS of $0.69 on revenue of $4.38 billion, compared to last year’s EPS of $0.70 on revenue of $4.37 billion.
Lennar Corporation (LEN) is expected to report third quarter EPS of $0.67 on revenue of $1.96 billion, compared to last year’s EPS of $054 on revenue of $1.60 billion.
United Natural Foods, Inc. (UNFI) is expected to report fourth quarter EPS of $0.65 on revenue of $1.73 billion, compared to last year’s EPS of $0.65 on revenue of $1.64 billion.
Today’s Featured Dow Stock
Caterpillar Inc. (CAT) is up +15.47% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous -7.2% with purchase sub-index -2.6% and refi sub-index -10.7%.
0830 ET Aug CPI expected unch m/m and +1.9% y/y, Jul +0.1% m/m and +2.0% y/y. Aug CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Jul +0.1% m/m and +1.9% y/y.
0830 ET Q2 current account balance expected -$114.0 billion, Q1 -$111.2 billion.
1000 ET Sep NAHB housing market index expected +1 to 56, Aug +2 to 55.
1030 ET EIA Weekly Petroleum Status Report.
1400 ET FOMC 2-day meeting concludes. Fed expected to leave funds rate target unchanged at zero to 0.25%. Fed expected to cut QE3 by $10 billion to $15 billion per month.
n/a G-20 finance ministers and central bankers meet for a 4-day meeting in Cairns, Australia.