The Dow Market Happenings For August 27, 2015

There are no Dow stocks at 52 week highs.There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +221 points.

Wednesday, the Dow was up +619.07 (+3.95%) at 16,285.51.

Year-to-date the Dow is down -8.63%.

All 30 Dow stocks were up Wednesday.

Dow stock winners Wednesday were Merck (MRK) +6.35%, Apple (AAPL) +5.74%, Visa (V) +5.55%, Microsoft (MSFT) +5.53%, Intel (INTC) +5.53%, Exxon Mobil (XOM) +5.52%, Nike (NKE) +5.05% and JPMorgan (JPM) +5.01%.

Therre were no Dow stock losers Wednesday.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down 2.2 cents at $2.534 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -3.46% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -2,000 to 275,000, previous +4,000 to 277,000. Weekly continuing claims expected -7,000 to 2.247 million, previous -24,000 to 2.254 million.

0830 ET Revised Q2 GDP expected +3.2% (q/q annualized), previous +2.3%. Revised Q2 personal consumption expected +3.0%, previous +2.9%. Revised Q2 GDP price index, previous +2.0%. Revised Q2 core PCE deflator, previous +1.8% q/q.

0830 ET USDA weekly Export Sales.

1000 ET Jul pending home sales expected +1.0% m/m and +8.3% y/y, Jun -1.8% m/m and +11.1% y/y.

1100 ET Aug Kansas City Fed manufacturing activity expected +3 to -4, Jul +2 to -7.

1300 ET Treasury auctions $29 billion of 7-year T-notes.

n/a Annual Kansas City Fed symposium in Jackson Hole, WY.

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