The Dow Market Happenings For Wednesday, July 6, 2016

Dow stocks at 52 week highs include Procter & Gamble (PG), UnitedHealth (UNH), Verizon (VZ) and Johnson & Johnson (JNJ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -95 points.

Tuesday the Dow was down -108.75 (-0.61%) at 17,840.62.

Year-to-date the Dow is up +2.39%.

There were 12 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Johnson & Johnson (JNJ) +0.81% and Procter & Gamble (PG) +0.78%.

The Dow stock losers Tuesday were led by JPMorgan (JPM) -2.79 and Caterpillar (CAT) -2.71%.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $2.264 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reports earnings on 7/14/2016 before the market open.

IBM (IBM) reports earnings on 7/18/2016 after the market close.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +10.94%.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.6% with purchase sub-index -3.0% and refi sub-index -2.4%.

0830 ET May trade balance expected -$40.0 billion, Apr -$37.4 billion.

0900 ET Fed Governor Daniel Tarullo speaks at an event in Washington D.C. on financial regulation and monetary policy.

0945 ET Revised Jun Markit U.S. services PMI expected unchanged at 51.3, prelim-Jun unch at 51.3. Revised Jun Markit composite PMI, prelim-June +0.3 to 51.2.

1000 ET Jun ISM non-manufacturing PMI expected +0.4 to 53.3, May -2.8 to 52.9.

1400 ET Minutes of the Jun 14-15 FOMC meeting.

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