The Dow Market Happenings For Wednesday, September 21, 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 +62 points.

Tuesday the Dow was up +9.79 (+0.05%) at 18,129.96.

Year-to-date the Dow is up +4.01%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +1.08% and Merck (MRK)+0.99%.

The Dow stock losers Tuesday were led by Exxon Mobil (XOM) -1.54% and Dupont (DD) -0.94%.

Microsoft (MSFT -0.21%) rose over 1% in pre-market trading after it raised its quarterly dividend by 3 cents to 39 cents and authorized the buy back of an additional $40 billion of stock on top of an existing $40 billion repurchase program.

The Fed two-day policy meeting ends today with announcement at 11:00 am PDT.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up three-tenth of a cent at $2.214 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is up +7.81% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.2% with purchase sub-index +8.6% and refi sub-index +1.7%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision and provides a summary of economic projections. Fed Chair Yellen holds press conference.

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