DJIA Market Happenings For Thursday, September 1, 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 +9 points.

Wednesday the Dow was down -53.42 (-0.29%) at 18,400.88.

Year-to-date the Dow is up +5.60%.

There were 11 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Intel (INTC) +0.53% and Coca Cola (KO) +0.44%.

The Dow stock losers Wednesday were led by Chevron (CVX) -1.10% and Boeing (BA) -1.04%.

Mike Andres, the president of McDonald’s (MCD) U.S. business and a key architect of the fast food giant’s attempt to transform itself through initiatives like all-day breakfast, will leave the company at the end of the year. Andres will be replaced by Chris Kempczinski, a former Kraft executive who was brought on by McDonald’s as an executive vice president last year.

European stocks are mostly higher 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

Apple (AAPL)

Apple (AAPL) is up +0.80% year-to-date.

Financial Calendar

0730 ET Aug Challenger job cuts, Jul -57.1% y/y.

0830 ET Weekly initial unemployment claims expected +4,000 to 265,000, previous -1,000 to 261,000. Weekly continuing claims expected unch at 2.145 million, previous -30,000 to 2.145 million.

0830 ET Revised Q2 non-farm productivity expected -0.6%, prelim-Q1 -0.5%. Revised Q2 unit labor costs expected +2.0%, prelim-Q2 +2.0%.

0830 ET USDA weekly Export Sales.

0945 ET Revised Aug Markit manufacturing PMI expected unch at 52.1, prelim-Aug -0.8 to 52.1.

1000 ET Jul construction spending expected +0.5%, Jun -0.6% m/m.

1000 ET Aug ISM manufacturing index expected -0.6 to 52.0, Jul -0.6 to 52.6. Aug ISM new orders, Jul +0.4 to 60.3. Aug ISM employment, Jul -1.3 to 51.4. Aug ISM prices paid expected -0.2 to 54.8, Jul -5.5 to 55.0.

n/a Aug total vehicle sales expected 17.20 million, Jul 17.77 million. Aug domestic vehicle sales expected 13.50 million, Jul 13.77 million.

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