The Dow Market Happenings For Wednesday, March 16, 2016

Dow stocks at 52 week highs include Coca Cola (KO) and Johnson & Johnson (JNJ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -54 points.

Tuesday the Dow was up +22.40 (+0.13%) at 17,251.53.

Year-to-date the Dow is down -1.00%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +2.01% and Wal-Mart (WMT) +1.08%.

The Dow stock losers Tuesday were led by Pfizer (PFE) -1.86% and Merck (MRK) -1.24%.

The FOMC ends its two-day meeting today.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up a 1.3 cents at $1.958 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Dupont (DD)

Dupont (DD) is down -5.68% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.2% with purchase sub-index +4.2% and refi sub-index -2.3%.

0830 ET Feb housing starts expected +4.6% to 1.150 million, Jan -3.8% to 1.099 million. Feb building permits expected 0.2% to 1.200 million, Jan unch at 1.202 million.

0830 ET Feb CPI expected -0.2% m/m and +0.9% y/y, Jan unch m/m and +1.4% y/y. Feb CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Jan +0.3% m/m and +2.2% y/y.

0915 ET Feb industrial production expected -0.3%, Jan +0.9%. Feb manufacturing production expected +0.1%, Jan +0.5%. Feb capacity utilization expected -0.2 to 76.9%, Jan 77.1%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision; no change expected to the 0.25%-0.50% fed funds rate target.

1430 ET Fed Chair Janet Yellen holds press conference following FOMC meeting.

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