DJIA Market Happenings For Wednesday, December 23, 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 +86 points.

Tuesday, the Dow was up +165.65 (+0096%) at 17,417.27.

Year-to-date the Dow is down -2.28%.

There were 29 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Caterpillar (CAT) +4.86% and IBM (IBM) +1.79%.

The Dow stock loser Tuesday was Apple (AAPL) -0.09%.

Nike (NKE +1.58%) rose nearly 3% in premarket trading after it reported Q2 EPS of 90 cents, higher than consensus of 86 cents.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up four-tenths of a cent at $2.009 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/22/15 after the market close of $0.90 per share, beating consensus of $0.85 per share. Nike shares also split 2:1 Wednesday 12/23/15.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +4.95% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -1.1% with purchase sub-index -2.8% and refi sub-index +1.4%.

0830 ET Nov personal spending expected +0.3%, Oct +0.1%. Nov personal income expected +0.2%, Oct +0.4%.

0830 ET Nov PCE deflator expected +0.1% m/m and +0.4% y/y, Oct +0.1% m/m and +0.2% y/y. Nov core PE deflator expected +0.1% m/m and +1.3% y/y, Oct unch m/m and +1.3% y/y.

0830 ET Nov durable goods orders expected -0.6% and unch ex transportation, Oct +2.9% and +0.5% ex transportation. Nov capital goods orders nondefense ex-aircraft & parts expected -0.2%, Oct +1.3%.

1000 ET Nov new home sales expected +2.0% to 505,000, Oct +10.7% to 495,000.

1000 ET Final-Dec University of Michigan U.S. consumer sentiment expected +0.2 to 92.0, prelim-Dec +0.5 to 91.8.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $13 billion of 2-year floating-rate notes.

1500 ET USDA Q4 Hogs & Pigs inventory.

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