DJIA Market Happenings For Monday, March 2, 2015

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 up +15 points.

Friday, the Dow was down -81.72 (-0.45%) at 18,132.70.

Year-to-date the Dow is up +1.74%.

There were 7 Dow stocks up Friday.

Dow stock winners Friday were led by Coca COla (KO) +1.98% and International Business Machines (IBM) -0.67%.

Dow stock losers Friday were led by American Express (AXP) -1.99% and Cisco (CSCO) -1.34%.

Visa (V) +1.63%, Disney (DIS) +1.36%, McDonald’s (MCD) +1.30%, Home Depot (HD) +1.23%, and Boeing (BA) +0.97% are leading the Dow higher this morning. While Chevron (CVX) is the big loser, down -1.38%.

Costco (COST) today announced it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi.

Last month, American Express (AXP) said it was ending the deal with Costco because “we were unable to reach terms that would have made economic sense for our Company and shareholders.”

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up 1.3 cents at $2.427 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Verizon (V)

Verizon (V) is up +5.71% year-to-date.

Financial Calendar

0830 ET Jan personal spending expected -0.1%, Dec -0.3%. Jan personal income expected +0.4%, Dec +0.3%. Jan PCE deflator expected -0.5% m/m and +0.2% y/y, Dec -0.2% m/m and +0.7% y/y. Jan core PCE deflator expected +0.1% m/m and +1.3% y/y, Dec unch m/m and +1.3% y/y.

0945 ET Final- Feb Markit manufacturing PMI expected unrevised at 54.3, early-Feb +0.4 to 54.3.

1000 ET Jan construction spending expected +0.4%, Dec +0.4%.

1000 ET Feb ISM manufacturing index expected -0.5 to 53.0, Jan -1.6 to 53.5. Feb ISM new orders sub-index, Jan -4.9 to 52.9. Feb ISM employment sub-index, Jan -1.9 to 54.1. Feb prices paid sub-index expected +2.0 to 37.0, Jan 3.5 to 35.0.

1100 ET USDA weekly grain export inspections.

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