DJIA Market Happenings For Wednesday, June 15, 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 +45 points.

Tuesday the Dow was down -57.66 (-0.33%) at 17,674.82.

Year-to-date the Dow is up +1.43%.

There were 13 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by General Electric (GE) +2.04% and Procter & Gamble (PG) +0.94%.

The Dow stock losers Tuesday were led by American Express (AXP) -4.08% and Home Depot (HD) -2.03%.

Cisco (CSCO +0.42%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.

The Fed ends its two day policy meeting today with results out about 11:00 am PDT.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.366 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -2.28%.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +9.3% with purchase sub-index +11.7% and refi sub-index +7.4%.

0830 ET May PPI final demand expected +0.3% m/m and -0.1% y/y, Apr +0.2% m/m and unch y/y. May PPI ex food & energy expected +0.1% m/m and +1.0% y/y, Apr +0.1% m/m and +0.9% y/y.

0830 ET Jun Empire manufacturing survey general business conditions expected +4.52 to -4.50, May -18.58 to -9.02.

0915 ET May industrial production expected -0.2%, Apr +0.7%. May manufacturing production expected -0.1%, Apr +0.3%. May capacity utilization expected -0.2 to 75.2%, Apr +0.5 to 75.4%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision and releases economic projections. Fed Chair Yellen holds press conference.

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