DJIA Market Happenings For Thursday, July 23, 2015

Dow stocks at 52 week highs include JPMorgan (JPM) and Nike (NKE).Dow stock 52 week lows include Intel (INTC).

The Market

Premarket today, the Dow was indicated to open down -26 points.

Wednesday, the Dow was down -68.25 (-0.38%) at 17,851.04.

Year-to-date the Dow is up +0.16%.

There were 11 Dow stocks up Wednesday.

Dow stock winners Wednesday were led by JPMorgan (JPM) +1.42% and Boeing (BA) +1.01%.

Dow stock losers Wednesday were led by Apple (AAPL) -4.23% and Microsoft (MSFT) -3.68%.

American Express (AXP +0.05%) reported Q2 EPS of $1.42, better than consensus of $1.32.

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years. Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday. Claims for the prior week were unrevised. The four-week moving average of claims, fell 4,000 to 278,500 last week.

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

The national average price of gasoline is down six-tenths of a cent at $2.740 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

Disney (DIS)

Disney (DIS) is up +26.69% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -3,000 to 278,000, previous -15,000 to 281,000. Weekly continuing claims expected +25,000 to 2.240 million, previous 112,000 to 2.215 million.

0830 ET Jun Chicago Fed national activity index expected +0.12 to -0.05, May +0.02 to -0.17.

0830 ET USDA weekly Export Sales.

1000 ET Jun leading indicators expected +0.3%, May +0.7%.

1100 ET Jul Kansas City Fed manufacturing activity expected +4 to -5, Jun +4 to -9.

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 Jul 28-30.

1300 ET Treasury auctions $15 billion of 10-year TIPS.

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