The Dow Market Happenings For Wednesday, July 22, 2015

Dow stocks at 52 week highs include Nike (NKE).Dow stock 52 week lows include Exxon Mobil (XOM) and Intel (INTC).

The Market

Premarket today, the Dow was indicated to open down -74 points.

Tuesday, the Dow was down -181.12 (-1.00%) at 17,919.29.

Year-to-date the Dow is up +0.54%.

There were 4 Dow stocks up Tuesday.

Dow stock winners Tuesday were led by Travelers (TRV) +1.82% and Chevron (CVX) +1.03%.

Dow stock losers Tuesday were led by United Technologies (UTX) -7.03% and IBM (IBM) -5.86%.

Apple (AAPL -1.00%) fell 5% in after-hours trading after it reported Q3 EPS of $1.85, higher than consensus of $1.81, but then lowered guidance on Q4 revenue to $49 billion-$51 billion, below consensus of $51.05 billion. The stock was then downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen.

Microsoft (MSFT +0.77%) reported Q4 adjusted EPS of 62 cents, above consensus of 56 cents.

United Technologies (UTX -7.03%) was downgraded to ‘Neutral’ from ‘Overweight’ at Atlantic Equities.

European stocks are lower and Asian markets ended mixed

The national average price of gasoline is down five-tenths of a cent at $2.746 per gallon.

Earnings Reports.

American Express (AXP reports earnings on 7/22/2015 after the market close.

Boeing (BA) reports earnings on 7/22/2015 before the market open.

Coca Cola (KO) reports earnings on 7/22/2015 before the market open.

3M (MMM) reports earnings on 7/23/2015 before the market open.

Caterpillar (CAT) reports earnings on 7/23/2015 before the market open.

McDonald’s (MCD) reports earnings on 7/23/2015 before the market open.

Visas (V) reports earnings on 7/23/2015 after the market close.

Dupont (DD) reports earnings on 7/28/2015 before the market open.

Merck (MRK) reports earnings on 7/28/2015 before the market open.

Pfizer (PFE) reports earnings on 7/28/2015 before the open.

Procter & Gamble (PG) reports earnings on 7/30/2015 before the market open.

Chevron (CVX) reports earnings on 7/31/2015 before the market open.

Exxon Mobil (XOM) reports earnings on 7/31/2015 before the market open.

Today’s Featured Dow Stock

Coca-Cola (KO)

Coca-Cola (KO) is down -2.44% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%.

0900 ET May FHFA house price index expected +0.4% m/m, Apr +0.3% m/m

1000 ET Jun existing home sales expected +0.9% to 5.40 million, May +5.1% to 5.35 million.

1030 ET EIA Weekly Petroleum Status Report.

1500 ET USDA Jun Cold Storage.

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