DJIA Market Happenings For Tuesday, May 31, 2016

There are no Dow stocks at 52 week highs.There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +37 points.

Friday the Dow was up +44.93 (+0.25%) at 17,873.22.

Year-to-date the Dow is up +2.57%.

There were 23 Dow stocks up Friday.

The Dow stock winners Friday were led by Verizon (VZ) +0.92% and Visa (V) +0.84%.

The Dow stock losers Friday were led by McDonald’s (MCD) -0.44% and Caterpillar (CAT) -0.17%.

Verizon (VZ) reached a series of tentative agreements with unions representing nearly 40,000 striking workers over the holiday weekend, retreating on some of the major points of contention, including pension cuts and greater flexibility to outsource work.

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

The national average price of gasoline is up one-tenth of a cent at $2.323 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 -4.66% year-to-date.

Financial Calendar

0830 ET Apr personal spending expected +0.7%, Mar +0.1%. Apr personal income expected +0.4%, Mar +0.4%.

0830 ET Apr PCE deflator expected +0.3% m/m and +1.1% y/y, Mar +0.1% m/m and +0.8% y/y. Apr core PCE deflator expected +0.2% m/m and +1.6% y/y, Mar +0.2% m/m and +1.6% y/y.

0900 ET Mar S&P/CaseShiller composite-20 home price index expected +0.7% m/m and +5.06% y/y, Feb +0.66% m/m and +5.38% y/y.

0945 ET May Chicago PMI expected +0.1 to 50.5, Apr -3.2 to 50.4.

1000 ET May U.S. consumer confidence (Conference Board) expected +2.1 to 96.3, Apr -1.9 to 94.2.

1030 ET May Dallas Fed manufacturing activity expected +5.9 to -8.0, Apr -13.9.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Weekly Crop Progress.

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