The Dow Market Happenings For Wednesday, April 1, 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 -51 points.

Tuesday, the Dow was down -200.19 (-1.11%) at 17,776.12.

Year-to-date the Dow is down -0.26%.

There were 2 Dow stocks up Tuesday.

Dow stock winners Tuesday were led by American Express (AXP) +0.42% and Coca

The Dow stock losers Tuesday were UnitedHealth (UNH) -2.24% and Chevron (CVX) -1.80%.

Hewlett-Packard (HPQ) was upgraded to ‘Buy’ from ‘Hold’ at Jefferies.

U.S. private employers added 189,000 jobs last month, below economists’ expectations and the lowest since January 2014. Economists had forecast the ADP National Employment Report would show a gain of 225,000 jobs. February’s private payrolls were revised up to an increase of 214,000 from the previously reported 212,000.

Friday, economists are looking for total U.S. employment to have grown by 245,000 jobs in March, down from 295,000 in February. The unemployment rate is expected to have remained at 5.5 percent.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down six-tenths of a cent at $2.414 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) reports earnings on 4/14/2015 before the market open.

JMorgan (JPM) reports earnings on 4/14/2015 before the market open.

Intel (INTC) reports earnings on 4/14/2015 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is down -12.48% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +9.5% with purchase sub-index +4.9% and refi sub-index +12.3%.

0815 ET Mar ADP employment change expected +225,000, Feb +212,000.

0900 ET San Francisco Fed President John Williams moderates a panel at the Atlanta Feds financial markets conference on Financial Stability: How Essential Should Financial Stability be to Central Banks?

0945 ET Final-Mar Markit manufacturing PMI expected unrevised at 55.3, prelim-March +0.2 to 55.3.

1000 ET Feb construction spending expected -0.1% m/m, Jan -1.1% m/m.

1000 ET Mar ISM manufacturing index expected -0.4 to 52.5, Feb -0.6 to 52.9. Mar ISM new orders, Feb -0.4 to 52.5. Mar ISM employment, Feb -2.7 to 51.4. Mar ISM prices paid expected +3.0 to 38.0, Feb unch at 35.0.

1030 ET Atlanta Fed President Dennis Lockhart chairs a panel at the Atlanta Feds financial markets conference on Monetary Policy: Will the Traditional Banking Channel Remain Central to Monetary Policy?

1030 ET EIA Weekly Petroleum Status Report.

n/a Mar total vehicle sales expected 16.90 million, Feb 16.16 million. Mar domestic vehicle sales expected 13.50 million, Feb 12.87 million.

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