The Dow Market Happenings For Thursday, March 24, 2016

Dow stocks at 52 week highs include Johnson & Johnson (JNJ), McDonald’s (MCD) and UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -112 points.

Wednesday the Dow was down -79.98 (-0.45%) at 17,502.59.

Year-to-date the Dow is up +0.45%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) +1.38% and Visa (V) +1.30%.

The Dow stock losers Wednesday were led by Nike (NKE) -3.79% and Caterpillar (CAT) -2.48%.

The number of Americans filing for unemployment benefits rose modestly last week while revisions for prior weeks showed the labor market was much stronger than previously thought. Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 265,000 for the week ended March 19, the Labor Department said on Thursday. The prior week’s claims were revised to show 6,000 fewer applications received than previously reported. Economists had forecast claims rising to 268,000 in the latest week.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two cents at $2.013 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is down -7.11% year-to-date.

Financial Calendar

0815 ET St. Louis Fed President James Bullard speaks on the U.S. economy and monetary policy at an even hosted by the New York Association for Business Economics.

0830 ET Weekly initial unemployment claims expected +3,000 to 268,000, previous +7,000 to 265,000. Weekly continuing claims expected unch at 2.235 million, previous +8,000 to 2.235 million.

0830 ET Feb durable goods orders expected -3.0% and -0.3% ex-transportations, Jan +4.7% and +1.7% ex-transportation. Feb capital goods orders non-defense ex-aircraft expected -0.5%, Jan +3.4%.

0830 ET USDA weekly Export Sales.

0945 ET Mar Markit services PMI expected +1.7 to 51.4, Feb -3.5 to 49.7. Mar Markit composite PMI, Feb -3.2 to 50.0.

1100 ET Mar Kansas City Fed manufacturing activity, Feb -3 to -12.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Mar 28-30.

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