The Dow Market Happenings For Thursday, September 15, 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 +35 points.

Wednesday the Dow was down -31.98 (-0.18%) at 18,034.77.

Year-to-date the Dow is up +3.50%.

There were 8 Dow stocks down Wednesday.

The Dow stock winners Wednesday were led by Apple (APPL) +3.54% and Caterpillar (CAT) +0.98%.

The Dow stock losers Wednesday were led by American Express (AXP) -1.37% and IBM (IBM) -1.13%.

Jobless claims edged up 1,000 in the week ended Sep. 10 to 260,000. The median forecast called for 265,000. Continuing claims were also little changed. The less-volatile four-week average of jobless claims dropped to 260,750, the lowest level since the end of July, from 261,250.

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

The national average price of gasoline is up two-tenths of a cent at $2.182 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/27/2016 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -4.65% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 265,000, previous -4,000 to 259,000. Weekly continuing claims expected +6,000 to 2.150 million, previous -7,000 to 2.144 million.

0830 ET Q2 current account balance expected -$120.8 billion, Q1 -$124.67 billion.

0830 ET Aug retail sales expected -0.1% m/m and +0.2% ex autos, Jul unch and -0.3% ex autos.

0830 ET Sep Philadelphia Fed business outlook survey expected -1.0 to 1.0, Aug +4.9 to 2.0.

0830 ET Sep Empire manufacturing survey general business conditions expected +3.2 to -1.0, Aug -4.8 to -4.2.

0830 ET Aug PPI final demand expected +0.1% m/m and +0.1% y/y, Jul -0.4% m/m and -0.2% y/y. Aug PPI ex food & energy expected +0.1% m/m and +1.0% y/y, Jul -0.3% m/m and +0.7% y/y.

0830 ET USDA weekly Export Sales.

0915 ET Aug industrial production expected -0.2%, Jul +0.7%. Aug manufacturing production expected -0.3%, Jul +0.5%. Aug capacity utilization expected -0.2 to 75.7%, Jul +0.5 to 75.9%.

1000 ET Jul business inventories expected +0.1%, Jun +0.2%.

1100 ET Treasury announces amount of 10-year TIPS to be auctioned Sep 22 (previous $13 billion).

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