DJIA Market Happenings For Thursday, March 5, 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 +38 points.

Wednesday, the Dow was down -85.26 (-0.47%) at 18,203.37.

Year-to-date the Dow is up +1.54%.

There were 6 Dow stocks up Wednesday.

Dow stock winners Wednesday were led by UnitedHealth (UNH) +0.85% and McDonald’s (MCD)+0.51%.

Dow stock losers Wednesday were led by American Express (AXP) -1.56% and Caterpillar (CAT) -1.34%.

Exxon Mobil (XOM) was downgraded to ‘Hold’ from ‘Buy’ at Evercore ISI.

McDonald’s (MCD) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.

European stocks are mostly higher and Asian markets ended mixed.

The national average price of gasoline is up four-tenths of a cent at $2.455 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -13.34% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -18,000 to 295,000, previous +31,000 to 313,000. Weekly continuing claims expected -6,000 to 2.395 million, previous 21,000 to 2.401 million.

0830 ET Revised Q4 non-farm productivity expected -2.3%, previous -1.8%. Revised Q4 unit labor costs expected +3.3%, previous +2.7%.

0830 ET USDA weekly Export Sales.

1000 ET Jan factory orders expected +0.2%, Dec -3.4%.

1000 ET San Francisco Fed President John Williams speaks on the economic outlook at the CFA Society Hawaii Economic Forecast Dinner.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Mar 10-12.

1630 ET Fed releases results of its latest bank stress tests.

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