DJIA Market Happenings For Tuesday, March 1, 2016

Dow stocks at 52 week highs include Verizon (VZ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +94 points.

Monday the Dow was down -123.47 (-0.74%) at 16,516.50.

Year-to-date the Dow is down -5.21%.

There were 5 Dow stocks up Monday.

The Dow stock winners Monday were led by Caterpillar (CAT) +1.24% and American Express (AXP) +0.36%.

The Dow stock losers Monday wee led by JPMorgan (JPM) -2.16% and Exxon Mobil (XOM) -1.96%.

Yesterday was a loser, but today is looking much better. Today we hold the gain with oil at a two month high.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up nine-tenths of a cent at $1.758 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is up 4.14% year-to-date.

Financial Calendar

0945 ET Revised Feb Markit manufacturing PMI expected +0.2 to 51.2, preliminary-Feb -1.4 to 51.0.

1000 ET Feb ISM manufacturing index expected +0.3 to 48.5, Jan +0.2 to 48.2. Feb ISM new orders, Jan +2.7 to 51.5. Feb ISM employment, Jan -2.1 to 45.9. Feb ISM prices paid expected +1.5 to 35.0, Jan unch at 33.5.

1000 ET Jan construction spending expected +0.3%, Dec +0.1% m/m.

n/a Feb total vehicle sales expected 17.70 million, Jan 17.46 million. Feb domestic vehicle sales expected 13.87 million, Jan 13.79 million.

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