The Dow Market Happenings For Thursday, June 18, 2015

Dow stocks at 52 week highs include JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +65 points.

Wednesday, the Dow was up +31.26 (+0.17%) at 17,935.74.

Year-to-date the Dow is up +0.63%.

There were 22 Dow stocks up Wednesday

Dow stock winners Wednesday were led by Procter & Gamble (PG) +1.24% and American Express (AXP) +1.21%.

Dow stock losers Wednesday were led by UnitedHealth (UNH) -1.49% and Visa (V) -0.38%.

The Labor Department reported weekly applications for jobless aid dropped 12,000 to a seasonally adjusted 267,000, near 15-year lows reached two months ago. The four-week average, a less volatile measure, declined 2,000 to 276,750.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.801 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/25/2015 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) is up +4.19% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -2,000 to 277,000, previous +2,000 to 279,000. Weekly continuing claims expected -65,000 to 2.200 million, previous +61,000 to 2.265 million.

0830 ET May CPI expected +0.5% m/m and +0.1% y/y, Apr +0.1% m/m and -0.2% y/y. May CPI ex food & energy expected +0.2% m/m and +1.8% y/y, Apr +0.3% m/m and +1.8% y/y.

0830 ET Q1 current account balance expected -$117.5 billion, Q4 -$113.45 billion.

0830 ET USDA weekly Export Sales.

1000 ET May leading indicators expected +0.4%, Apr +0.7%.

1000 ET Jun Philadelphia Fed business outlook survey expected +1.3 to 8.0, May -0.8 to 6.7.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jun 23-25.

1300 ET Treasury auctions $9 billion 30-year TIPS.

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