The Dow Market Happenings For Wednesday, August 5, 2015

Dow stocks at 52 week highs include Disney (DIS).Dow stock 52 week lows include Chevron (CVX), Exxon Mobil (XOM) and Procter & Gamble (PG).

The Market

Premarket today, the Dow was indicated to open up +89 points.

Tuesday, the Dow was down -47.51 (-0.27%) at 17,550.69.

Year-to-date the Dow is down -1.26%.

There were 10 Dow stocks up Tuesday.

Dow stock winners Tuesday were led by Microsoft (MSFT) +1.56% and Nike (NKE) +0.82%.

Dow stock losers Tuesday were led by Apple (AAPL) -3.21% and Dupont (DD) -1.18%.

Disney (DIS) shares are tumbling by about 6% premarket as traders react to the company’s latest earnings.

Disney (DIS +0.47%) reported Q3 EPS of $1.45, better than consensus of $1.42.

The ADP report came in at 185,000, below expectations for 215,000 private-sector payrolls.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1.2 cents at $2.630 per gallon.

Earnings Reports.

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

Cisco (CSCO) reports earnings on 8/12/2015 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is up +2.37% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.8% with purchase sub-index -0.1% and refi sub-index +1.6%.

0815 ET Jul ADP employment change expected +215,000, Jun +237,000.

0830 ET Jun trade balance expected -$43.0 billion, May -$41.87 billion.

0830 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned in the Aug quarterly refunding Aug 11-13.

0945 ET Final-Jul Markit U.S. services PMI expected unrevised at 55.2, prelim-Jul +0.4 to 55.2. Final-Jul Markit composite PMI, prelim-Jul +0.6 to 55.2.

1000 ET Jul ISM non-manufacturing PMI expected +0.2 to 56.2, Jun +0.3 to 56.0.

1030 ET EIA Weekly Petroleum Status Report.

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