The Dow Market Happenings For Wednesday, August 24, 2016

Dow stocks at 52 week highs include Visa (V).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -2 points.

Tuesday the Dow was up +17.88 (+0.10%) at 18,547.30.

Year-to-date the Dow is up +6.44%.

There were 18 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) +1.64% and Cisco (CSCO) +1.14%.

The Dow stock losers Tuesday were led by Wal-Mart (WMT) -1.00% and Boeing (BA) -0.63%.

Pfizer (PFE) announces it is buying up a portfolio of AstraZeneca antibiotics for up to $1.5 billion.

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

The national average price of gasoline is up 1.2 cents at $2.189 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +20.72% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.0% with purchase sub-index -4.2% and refi sub-index -4.2%.

0900 ET Jun FHFA house price index expected +0.3% m/m, May +0.2% m/m.

1000 ET Jul existing home sales expected -1.1% to 5.51 million, Jun +1.1% to 5.57 million.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating rate notes.

1300 ET Treasury auctions $34 billion 5-year T-notes.

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