The Dow Market Happenings For Friday, May 29, 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 -48 points.

Thursday, the Dow was down -36.87 (-0.20%) at 18,126.12.

Year-to-date the Dow is up +1.70%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Dupont (DD) +0.93% and Intel (INTC) +0.89%.

The Dow stock losers Thursday were led by Caterpillar (CAT) -2.17% and McDonald’s (MCD) -1.36%.

McDonald’s (MCD) was initiated with a ‘Buy’ at Deutsche Bank with a price target of $120.

The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly. The government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

European stocks are mostly lower and Asian markets ended mixed.

The national average price of gasoline is down thre-tenths of a cent at $2.736 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -2.10% year-to-date.

Financial Calendar

0830 ET Revised Q1 GDP expected -0.8% (q/q annualized), prelim +0.2%. Q1 personal consumption expected +2.0%, prelim +1.9%, Q1 GDP price index expected unrevised at -0.1%. Q1 core PCE expected unrevised at +0.9% q/q.

0830 ET USDA weekly Export Sales.

0900 ET May Milwaukee ISM expected +1.92 to 50.00, Apr -5.17 to 48.08.

0945 ET May Chicago PMI expected +0.7 to 53.0, Apr +6.0 to 52.3.

1000 ET Final U.S. May University of Michigan consumer sentiment expected +0.9 to 89.5, prelim-May -7.3 to 88.6.

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

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781