DJIA Market Happenings For Thursday, September 8, 2016

Dow stocks at 52 week highs include Intel (INTC).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -71 points.

Wednesday the Dow was down -11.96 (-0.06%) at 18,526.14.

Year-to-date the Dow is up +6.32%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) +2.00% and Visa (V) +0.86%.

The Dow stock losers Wednesday were led by Wal-Mart (WMT) -1.29% and Home Depot (HD) -0.98%

Apple (AAPL +0.61%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.

Nike (NKE +0.54%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.

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

The national average price of gasoline is down seven-tenths of a cent at $2.185 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +17.07% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +2,000 to 265,000, previous +2,000 to 263,000. Weekly continuing claims expected -8,000 to 2.151 million, previous +14,000 to 2.159 million.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Sep 12-13.

1500 ET Jul consumer credit expected +$16.00 billion, Jun +$12.32 billion.

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