DJIA Market Happenings For Monday, March 9, 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 +11 points.

Friday, the Dow was down -278.94 (-1.54%) at 17,859.78.

Year-to-date the Dow is up +0.19%.

There were no Dow stocks up Friday.

Dow stock losers Friday were led by Johnson & Johnson (JNJ) -2.35%, Procter & Gamble (PG) -2.33%, Coca Cola (KO) -2.08% , McDonald’s (MCD) -2.00% and Merck (MRK) -1.97%.

The big news Friday was that Apple (AAPL) will replace AT&T (T) in the Dow Jones Industrial Average after the close of trading on Wednesday, March 18. The change will be effective with the opening of trading on Thursday, March 19. The index change was prompted by Visa Inc.’s (NYSE:V) 4:1 stock split which is scheduled to be effective at the same time. The post-split adjusted lower price of Visa will reduce the weighting of the Information Technology sector in the index. Adding Apple to the index will help to partially offset this reduction. In price weighted indices such as the DJIA, a large change in price of a high priced stock can have a material impact on sector representation in the index and this index change is designed to minimize that impact. The Telecommunication Services sector will continue to be represented in the DJIA by Verizon Communications Inc. (VZ).

One time Dow stock Alcoa (AA) agrees to acquire RTI International (RTI) in a transaction valued at $1.5 billion.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.453 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 3/19/2015 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +17.80% year-to-date.

Financial Calendar

100 ET USDA weekly grain export inspections.

1305 ET Minneapolis Fed President Narayana Kocherlakota speaks to an internal meeting with Ninth District Bankers in Minneapolis, MN.

1425 ET Cleveland Fed President Loretta Mester speaks on the economic outlook and monetary policy to the annual NABE Economic Policy Conference.

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