The Dow Market Happenings For Thursday, June 4, 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 own -82 points.

Wednesday, the Dow was up +64.33 (+0.36%) at 18,076.27.

Year-to-date the Dow is up +1.42%.

There were 21 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Home Depot (HD) +1.41% and JPMorgan (JPM) +1.03%.

The Dow stock losers Wednesday were led by Verizon (VZ) -1.62% and Chevron (CVX) -0.40%.

Verizon Communications (VZ) fell in premarket trading after JPMorgan Chase downgraded the stock to ‘Neutral’ from ‘Overweight.’

Boeing (BA) was awarded a $466.5 million government contract for missile guidance repair on the Minuteman III intercontinental ballistic missile.

The Labor Department reported applications for unemployment aid dropped 8,000 to a seasonally adjusted 276,000. The four-week average, a less volatile figure, ticked up 2,750 to 274,750. Applications have been below 300,000, a historically low level, for 13 weeks.

European stocks are ower and Asian markets ended mixed.

The national average price of gasoline is up three-tenths of a cent at $2.759 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is down -5.79% year-to-date.

Financial Calendar

0730 ET May Challenger job cuts, Apr +52.8% y/y.

0830 ET Weekly initial unemployment claims expected -4,000 to 278,000, previous +7,000 to 282,000. Weekly continuing claims expected -15,000 to 2.207 million, previous +11,000 to 2.222 million.

0830 ET Revised Q1 non-farm productivity expected -3.0%, prelim -1.9%. Revised Q1 unit labor costs expected +6.1%, prelim +5.0%.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Jun 9-11.

1200 ET Fed Governor Daniel Tarullo speaks at a financial conference in New York.

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