The Dow Market Happenings For Thursday, March 26, 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 down -82 points.

Wednesday, the Dow was down -292.60 (-1.62%) at 17,718.54.

Year-to-date the Dow is down -0.56%%.

There were 2 Dow stocks up Wednesday.

Dow stock winners Wednesday were led by Chevron (CVX) +1.41% and Exxon Mobil (XOM) +0.40%.

The Dow stock losers Wednesday was Microsoft (MSFT) -3.36% and Intel (INTC) -2.92%.

The Labor Department reported initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 282,000 for the week ended March 21. That was the lowest level since mid-February and was better than economists’ expectations for a dip to 290,000. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 7,750 to 297,000 last week.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $2.421 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is down -4.05% year-to-date.

Financial Calendar

0435 ET St. Louis Fed President James Bullard delivers a public lecture at an event in Frankfurt on the U.S. economy and monetary policy.

0830 ET Weekly initial unemployment claims expected -1,000 to 290,000, previous +1,000 to 291,000. Weekly continuing claims expected -17,000 to 2.400 million, previous -11,000 to 2.417 million.

0830 ET USDA weekly Export Sales.

0900 ET Atlanta Fed President Dennis Lockhart speaks on monetary policy and the economic outlook at the Engage International Investment Education Symposium in Detroit.

0945 ET Preliminary Markit Mar services PMI expected -0.1 to 57.0, Feb +2.9 to 57.1.

1100 ET Mar Kansas City Fed manufacturing activity survey expected unch at 1, Feb -2 to 1.

1300 ET Treasury auctions $29 billion 7-year T-notes.

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