DJIA Market Happenings For Thursday, May 21, 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 -27 points.

Wednesday, the Dow was down -26.99 (-0.15%) at 18,285.40.

Year-to-date the Dow is up +2.75%.

There were 11 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by General Electric (GE) +1.06% and Caterpillar (CAT) +0.79%.

The Dow stock losers Wednesday were Dupont (DD) -0.83% and JPMorgan (JPM) -0.79%.

Nike (NKE) was initiated with a ‘Buy’ at Jefferies with a price target of $120.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week ended May 16. Claims for the prior week were unrevised. Despite last week’s increase, claims remained below 300,000, a threshold associated with a strengthening labor market, for an 11th straight week. Economists had forecast claims rising to 271,000 last week.

European stocks are mixed and Asian markets ended mixed.

The national average price of gasoline is up nine-tenths of a cent at $2.731 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +3.37% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 270,000, previous -1,000 to 264,000. Weekly continuing claims expected +5,000 to 2.234 million, previous unch at 2.229 million.

0830 ET Apr Chicago Fed national activity index expected +0.42 to 0.00, Mar -0.24 to -0.42.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary May Markit manufacturing PMI expected +0.4 to 54.5, April -1.6 to 54.1.

1000 ET May Philadelphia Fed business outlook survey expected +0.5 to 8.0, Apr +2.5 to 7.5

1000 ET Apr existing home sales expected +0.6% to 5.22 million, Mar +6.1% to 5.19 million.

1000 ET Apr leading indicators expected +0.3%, Mar +0.2%.

1100 ET May Kansas City Fed manufacturing activity survey expected +3 to -4, Apr -3 to -7.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion), and 7-year T-notes (previous $29 billion) to be auctioned May 26-28

1300 ET Treasury auctions $13 billion of 10-year TIPS.

1900 ET San Francisco Fed President John Williams speaks on a panel at Stanford on Impact of Reform in Practice Central Bank Governance and Oversight Reform.

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