DJIA Market Happenings For Thursday, March 17, 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 down -40 points.

Wednesday the Dow was up +74.23 (+0.43%) at 17,325.76.

Year-to-date the Dow is down -0.57%.

There were 2 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) +2.62% and Microsoft (MSFT) +1.42%.

The Dow stock losers Wednesday were led by Pfizer (PFE) -1.69% and Goldman Sachs (GS) -0.96%.

Caterpillar (CAT +2.62%) is down over 3% in premarket trading after it lowered guidance on Q1 adjusted EPS to 65 cents-70 cents, below consensus of 95 cents.

Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 265,000 for the week ended March 12, the Labor Department said on Thursday. The prior week’s claims were revised to show 1,000 fewer applications received than previously reported.

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

Exxon Mobil (XOM)

Exxon Mobil (XOM) is up +6.31% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +9,000 to 268,000, previous -18,000 to 259,000. Weekly continuing claims expected +10,000 to 2.235 million, previous -32,000 to 2.225 million.

0830 ET Q4 current account balance expected -$118.0 billion, Q3 -$124.1 billion.

0830 ET Mar Philadelphia Fed business outlook survey expected +1.3 to -1.5, Feb +0.7 to -2.8.

0830 ET USDA weekly Export Sales.

1000 ET Jan JOLTS job openings expected -57,000 to 5.550 million, Dec +261,000 to 5.607 million.

1000 ET Feb leading indicators expected +0.2%, Jan -0.2%.

1100 ET Treasury announces amount of 2-year floating rate notes to be auctioned Mar 23 (previous $13 billion).

1300 ET Treasury auctions $11 billion of 10-year TIPS.

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