DJIA Market Happenings For Thursday, March 03, 2016

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

The Market

Premarket today, the Dow was indicated to open down -55 points.

Wednesday the Dow was up +34.24 (+0.20%) at 16899.32.

Year-to-date the Dow is down -3.02%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Exxon Mobil (XOM) +1.75% and Procter & Gamble (PG) +1.63%.

The Dow stock losers Wednesday were led by Dupont (DD) -1.26% and Nike (NKE) -1.11%.

Intel (INTC +0.56%) climbed nearly 2% in premarket trading after it was upgraded to ‘Outperform’ from ‘Neutral’ at Robert Baird with a 12-month price target of $38.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up 1.9 cents at $1.804 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is down -4.28% year-to-date.

Financial Calendar

0730 ET Feb Challenger job cuts, Jan +41.6% y/y.

0830 ET Weekly initial unemployment claims expected -2,000 to 270,000, previous +10,000 to 272,000. Weekly continuing claims expected -3,000 to 2.250 million, previous -19,000 to 2.253 million.

0830 ET Revised Q4 non-farm productivity expected -3.0%, previous -3.0%. Revised Q4 unit labor costs expected +4.3%, previous +4.5%.

0830 ET USDA weekly Export Sales.

0945 ET Revised Feb Markit services PMI expected +0.2 to 50.0, preliminary-Feb -3.4 to 49.8. Revised Feb Markit composite PMI, preliminary -3.1 to 50.1.

1000 ET Feb ISM non-manufacturing PMI expected -0.4 to 53.1, Jan -2.3 to 53.5.

1000 ET Jan factory orders expected +2.1%, Dec -2.9% and -0.8% ex-transportation.

1045 ET Dallas Fed President Rob Kaplan delivers a speech at the University of Texas in Austin.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Mar 8-10.

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