The Dow Market Happenings For Tuesday, July 28, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include American Express (AXP), Chevron (CVX), Dupont (DD), Caterpillar (CAT), Intel (INTC) and Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open up +61 points.

Monday, the Dow was down -127.94 (-0.73%) at 17,440.59.

Year-to-date the Dow is down -2.15%.

There were 5 Dow stocks up Monday.

Dow stock winners Monday were led by Intel (INTC) +1.03% and General Electric (GE) +0.78%).

Dow stock losers Monday were led by Boeing (BA) -2.10% and Chevron (CVX) -1.61%.

The Federal Open Market Committee will begin its 2-day meeting today.

Procter & Gamble (PG -0.40%) will name David Taylor as next CEO, according to Dow Jones.

Dupont (DD) reported in-line earnings for its second quarter with net income of $940 million, or $1.03 per share, compared to $1.07 billion, or $1.15 per share, in the year-ago period. Its operating earnings rose to $1.18 per share from $1.17 per share. Net sales declined 11.5 percent to $8.60 billion. However, analysts were expecting earnings of $1.18 per share on revenue of $8.75 billion.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.3 cents at $2.697 per gallon.

Earnings Reports.

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.

Disney (DIS) reports earnings on 8/4/2015 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is up +2.69% year-to-date.

Financial Calendar

0900 ET May S&P/CaseShiller composite-20 home price index expected +0.3% m/m and +5.6% y/y, Apr +0.30% m/m and +4.91% y/y.

0945 ET Preliminary Jul Markit services PMI expected +0.2 to 55.0, Jun -1.4 to 54.8. Preliminary Jul Markit composite PMI, Jun -1.4 to 54.6.

1000 ET Jul consumer confidence (Conference Board) expected -1.4 to 100.0, Jun +6.8 to 101.4.

1000 ET Jul Richmond Fed manufacturing outlook survey expected +1 to 7, Jun +5 to 6.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

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