DJIA Market Happenings For Monday, September 26, 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 -98 points.

Friday the Dow was down -131.01 (-0.71%) at 18,261.45.

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

There were 3 Dow stocks up Friday.

The Dow stock winners Friday were led by Verizon (VZ) +0.40% and Pfizer (PFE) +0.32%,

The Dow stock losers Friday were led by Goldman Sachs (GS) -1.72% and Apple (AAPL) -1.67%.

Disney (DIS -0.15%) was downgraded to ‘Hold’ from ‘Buy’ at Drexel Hamilton LLC.

Pfizer Inc. (PFE) has decided not to pursue what would have been among the largest breakups in corporate history, after four years of what the largest U.S. drug maker called an “extensive evaluation.” Instead, Pfizer in a statement said it is “poised to grow” both businesses. The drug maker recently agreed to a $14 billion deal to acquire Medivation Inc. and its cancer treatments.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.207 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is up +15.66% year-to-date.

Financial Calendar

1000 ET Aug new home sales expected -8.3% to 600,000, Jul +12.4% to 654,000.

1030 ET Sep Dallas Fed manufacturing activity expected +3.2 to -3.0, Aug -4.9 to -6.2.

1100 ET USDA weekly grain export inspections.

1145 ET Fed Governor Daniel Tarullo delivers speech on the Next Steps in the Evolution of Stress Testing to the Yale School of Management Leaders Forum.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1330 ET Dallas Fed President Robert Kaplan (non-voter) speaks at the Independent Bankers Association of Texas annual convention.

1600 ET USDA Weekly Crop Progress.

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