DJIA Market Happenings For Wednesday, September 24, 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 p +27 points.

Tuesday, the Dow closed down -116.81 (-0.68%) at 17,055.87.

Year-to-date the Dow is up +2.89%.

The Dow stock winner Tuesday was JPMorgan (JPM) +0.05%.

Dow stock losers Tuesday included UnitedHealth (UNH) -1.34% and Travellers (TRV) -1.11%.

There was 1 Dow stock winner Tuesday.

On Tuesday, the U.S. began its first wave of airstrikes in Syria, backed by its Arab allies.

Nike (NKE) will report earnings today, after the market close.

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

The national average price of gasoline is up four-tenths of a cent at $3.344 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 9/25/14 after the market close.

Notable earnings reports from Tuesday include:

Bed Bath & Beyond Inc. (BBBY) reported second quarter EPS of $1.17 on revenue of $2.94 billion, compared to last year’s EPS of $1.16 on revenue of $2.82 billion.

Carnival Corporation (CCL) reported third quarter EPS of $1.58 on revenue of $4.95 billion, compared to last year’s EPS of $1.38 on revenue of $4.73 billion.

CarMax Inc. (KMX) reported second quarter EPS of $0.70 on revenue of $3.60 billion, compared to last year’s EPS of $0.62 on revenue of $3.25 billion.

Steelcase Inc. (SCS) reported second quarter EPS of $0.27 on revenue of $786.70 million, compared to last year’s EPS of $0.24 on revenue of $757.60 million.

Stocks reporting earnings today include:

Accenture PLC (ACN) is expected to report fourth quarter EPS of $1.10 on revenue of $7.62 billion, compared to last year’s EPS of $1.01 on revenue of $7.09 billion.

Jabil Circuit, Inc. (JBL) is expected to report fourth quarter EPS of $0.00 on revenue of $3.82 billion, compared to last year’s EPS of $0.56 on revenue of $4.81 billion.

KB Home (KBH) is expected to report third quarter EPS of $0.40 on revenue of $646.76 million, compared to last year’s EPS of $0.30 on revenue of $548.97 million.

Paychex, Inc. (PAYX) is expected to report first quarter EPS of $0.46 on revenue of $662.63 million, compared to last year’s EPS of $0.44 on revenue of $607.90 million.

Today’s Featured Dow Stock

General Electric Co. (GE)

General Electric Co. (GE) is down -7.17% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.9% with purchase sub-index +4.8% and refi sub-index +10.3%.

1000 ET Aug new home sales expected +4.4% to 430,000, Jul -2.4% to 412,000.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating rate notes.

1205 ET Cleveland Fed President Loretta Mester speaks on the economy and monetary policy at a luncheon in Cleveland.

1300 ET Treasury auctions $35 billion 5-year T-notes.

1300 ET Chicago Fed President Charles Evans speaks at a conference on labor market slack at the Peterson Institute for International Economics.

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