The Dow Market Happenings For Thursday, October 1, 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 +48 points.

Wednesday, the Dow was up +235.57 (+1.47%) at 16,284.70.

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

There were 28 Dow stocks up Wednesday

Dow stock winners Wednesday were led by Chevron (CVX) +3.45% and Intel (INTC) +3.08%.

Dow stock losers Wednesday were led by Procter & Gamble (PG) -0.47% and Verizon (VZ) -0.05%.

Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday. It was the 30th straight week that claims remained below the 300,000 threshold. The four-week moving average of claims dropped 1,000 to 270,750, not far above a 15-year low.

Microsoft (MSFT +1.89%) was raised to ‘Neutral’ from ‘Underperform’ at Bank of America.

PBF Energy (PBF +2.21%) climbed over 4% in after-hours trading after the company said it bought the 155,000 barrel-per-day Torrance, CA, refinery from Exxon Mobil (XOM) for $537.5 million plus working capital to be valued at closing.

Tomorrow brings us the Jobs Report.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up four-tenths of a cent at $2.289 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) will reports earnings on 10/13/2015 before the market open.

JPMorgan (JPM) reports earnings on 10/13/2015 after the market close.

Intel (INTC) reports earnings on 10/13/2015 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +27.89% year-to-date.

Financial Calendar

0730 ET Sep Challenger job cuts, Aug +2.9% y/y.

0830 ET Weekly initial unemployment claims expected +4,000 to 271,000, previous +3,000 to 267,000. Weekly continuing claims expected -12,000 to 2.230 million, previous -1,000 to 2.242 million.

0830 ET USDA weekly Export Sales.

0945 ET Final-Sep Markit manufacturing PMI expected unch at 53.0, prelim-Sep unch at 53.0.

1000 ET Aug construction spending expected +0.5%, Jul +0.7% m/m.

1000 ET Sep ISM manufacturing index expected -0.5 to 50.6, Aug -1.6 to 51.1. Sep ISM new orders sub-index, Aug -4.8 to 51.7. Sep ISM employment sub-index, Aug -1.5 to 51.2. Sep ISM prices paid sub-index expected +1.0 to 40.0, Aug -5.0 to 39.0.

1100 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 Oct 6-8.

1430 ET San Francisco Fed President John Williams speaks on the economic outlook to Salt Lake Area Community Leaders.

n/a Sep total vehicle sales expected 17.60 million, Aug 17.72 million. Sep domestic vehicle sales expected 13.80 million, Aug 13.80 million.

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