The Dow Market Happenings For Friday, May 27, 2016

Dow stocks at 52 week highs include Exxon Mobil (XOM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +18 points.

Thursday the Dow was down -23.22 (-0.13%) at 17,828.29.

Year-to-date the Dow is up +2.31%.

There were 12 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) +0.79% and Home Depot (HD) +0.70%.

The Dow stock losers Thursday were led by Dupont (DD) -1.86% and Goldman Sachs (GS)-1.26%.

The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated. Gross domestic product rose at a 0.8 percent annualized rate in the three months ended in March, the smallest gain in a year, Commerce Department figures showed Friday. That compares with the 0.5 percent advance the government reported last month.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is up six-tenths of a cent at $2.319 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -6.21% year-to-date.

Financial Calendar

0830 ET Revised Q1 GDP expected +0.9% (q/q annualized), previous +0.5%. Q1 personal consumption expected +2.1%, previous +1.9%. Q1 GDP price index, previous +0.7%. Q1 core PCE, previous +2.1% q/q.

1000 ET Final-May University of Michigan U.S. consumer sentiment index expected -0.4 to 95.4, prelim-May +6.8 to 95.8.

1315 ET Fed Chair Yellen will speak at Harvard Universitys Radcliffe Day.

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