DJIA Market Happenings For Wednesday, September 2, 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 +170 points.

Tuesday, the Dow was down -469.68 (-2.84%) at 16,058.35.

Year-to-date the Dow is down -9.90%.

There were 6 Dow stocks up Tuesday.

There were no Dow stock winners Tuesday.

Dow stock losers Tuesday were led by Apple (AAPL) -4.47%, Exxon Mobil (XOM) -4.20%, JPMorgan (JPM) -4.20%, and Microsoft (MSFT) -3.91%.

The ADP National Employment Report on Wednesday showed private payrolls increased 190,000 last month. While that was below economists’ expectations for a gain of 201,000 jobs, it was up from the 177,000 positions created in July.

AT&T (T -2.65%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is down a penny at $2.447 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -20.46% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.2% with purchase sub-index +1.7% and refi sub-index -1.0%.

0815 ET Aug ADP employment change expected +200,000, Jul +185,000.

0830 ET Revised Q2 non-farm productivity expected +2.9%, prelim +1.3%. Revised Q2 unit labor costs expected 1.2%, prelim +0.5%.

0945 ET Aug New York ISM, Jul +5.7 to 68.8.

1000 ET Jul factory orders expected +0.9%, Jun +1.8% and +0.5% ex-transportation.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Fed Beige Book.

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