The Dow Market Happenings For Wednesday, August 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 down -26 points.

Tuesday the Dow was down -48.69 (-0.26%) at 18,454.30.

Year-to-date the Dow is up +5.91%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +1.57% and JPMorgan (JPM) +0.82%.

The Dow stock losers Tuesday were led by Boeing (BA) -1.57% and Nike (NKE) -1.07%.

U.S. businesses added 177,000 jobs in August, according payroll processor ADP. Economists forecast that the government’s jobs report, to be released Friday, will show a gain of 180,000 jobs.

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

The national average price of gasoline is up five-tenths of a cent at $2.223 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 -5.90% year-to-date.

Financial Calendar

0315 ET Boston Fed President Eric Rosengren (voter) and Chicago Fed President Charles Evans (non-voter) speak at the Shanghai Advanced Institute of Finance in Beijing on Business Cycles, Financial Markets, and Monetary Policy with Special Application to China.

0700 ET Weekly MBA mortgage applications, previous -2.1% with purchase sub-index -0.3% and refi sub-index -3.2%.

0800 ET Minneapolis Fed President Neel Kashkari (non-voter) discusses the role of the Fed and its Board of Directors at an event in St. Paul, MN.

0815 ET Aug ADP employment change expected +175,000, Jul +179,000.

0945 ET Aug Chicago PMI expected -1.8 to 54.0, Jul -1.0 to 55.8.

1000 ET Jul pending home sales expected +0.7% m/m and +2.2% y/y, Jun +0.2% m/m and +0.3% y/y.

1030 ET EIA Weekly Petroleum Status Report.

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