DJIA Market Happenings For Thursday, May 28, 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 -55 points.

Wednesday, the Dow was up +121.45 (+0067%) at 18,162.99.

Year-to-date the Dow is up +1.91%.

There were 25 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +2.19% and Apple (AAPL) +1.87%.

The Dow stock losers Wednesday were led by Nike (NKE) -0.56% and Exxon Mobil (XOM) -0.28%.

Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump. Jobless claims increased by 7,000 to 282,000 in the week ended May 23, a Labor Department report showed Thursday in Washington. The median forecast called for 270,000.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.739 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is down -12.45% year-to-date.

Financial Calendar

0220 ET San Francisco Fed President John Williams speaks on banking supervision at a conference in Singapore.

0830 ET Weekly initial unemployment claims expected -3,000 to 271,000, previous +10,000 to 274,000. Weekly continuing claims expected -16,000 to 2.195 million, previous 12,000 to 2.211 million.

1000 ET Apr pending home sales expected +0.9% m/m and +10.8% y/y, Mar +1.1% m/m and +13.4% y/y.

1100 ET EIA Weekly Petroleum Status Report.

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

1445 ET Minneapolis Fed President Narayana Kocherlakota speaks on monetary policy at an event in Helena, MT.

n/a 3-day G-7 meeting of finance ministers and central bank chiefs in Dresden, Germany continues (Wed-Fri).

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