DJIA Market Happenings For Thursday, October 20, 2016

Dow stocks at 52 week highs include UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -31 points.

Wednesday the Dow was up +40.68 (+0.22%) at 18,202.62.

Year-to-date the Dow is up +4.46%.

There were 20 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by American Express (AXP) +1.95% and Visa (V) +1.51%.

The Dow stock losers Wednesday were led by Intel (INTC) -5.93% and Procter & Gamble (PG) -1.43%.

American Express (AXP +1.95%) jumped over 5% in premarket trading after it reported Q3 EPS of $1.24, well above consensus of 96 cents.

Filings for U.S. unemployment benefits rose last week by the most since July, after spending several weeks at or near a four-decade low. Jobless claims increased by 13,000 to 260,000 in the period ended Oct. 15. The median forecast called for 250,000. Continuing claims also rose, though the four-week average was the lowest since 2000.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $2.232 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

JPMorgan (JPM) reported earnings on 10/17/2016 before the market open of $1.58, beating estimates calling for $1.401 per share..

IBM (IBM) reports earnings on 10/17/2016 after the market close.

Goldman Sachs (GS) reported earnings on 10/18/2016 before the market open of $4.88, crushing estimates calling for $3.855 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2016 before the market open of $1.68, beating estimates for $1.646 per share.

Intel (INTC) reports earnings on 10/18/2016 before the market open.

UnitedHealth (UNH) reported earnings on 10/18/2016 before the market open of $2.17, beating estimates of $2.077 per share.

American Express (AXP) reports earnings on 10/19/2016 after the market close.

Microsoft (MSFT) reports earnings on 10/20/2016 after the market close.

Verizon (VZ) reports earnings on 10/20/2016 before the market open.

Travelers (TRV) reports earnings on 10/20/2016 before the market open.

General Electric (GE) reports earnings on 10/21/2016 before the market open.

McDonald’s (MCD) reports earnings on 10/21/2016 before the market open.

Visa (V) reports earnings on 10/24/2016 before the market open.

Apple (AAPL) reports earnings on 10/25/2016 after the market close.

Procter & Gamble (PG) reports earnings on 10/25/2016 before the market open.

Merck (MRK) reports earnings on 10/25/2016 before the market open.

3M (MMM) reports earnings on 10/25/2016 before the market open.

United Technologies (UTX) reports earnings on 10/25/2016 before the market open.

Dupont (DD) reports earnings on 10/25/2016 before the market open.

Caterpillar (CAT) reports earnings on 10/25/2016 before the market open.

Coca Cola (KO) reports earnings on 10/26/2016 before the market open.

Boeing (BA) reports earnings on 10/26/2016 before the market open.

Chevron (CVX) reports earnings on 10/28/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 10/28/2016 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +29.49% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +4,000 to 250,000, previous unch at 246,000. Weekly continuing claims expected +7,000 to 2.053 million, previous -16,000 to 2.046 million.

0830 ET Oct Philadelphia Fed business outlook survey expected -7.5 to 5.3, Sep +10.8 to 12.8.

0830 ET USDA weekly Export Sales.

1000 ET Sep existing home sales expected +0.4% to 5.35 million, Aug -0.9% to 5.33 million.

1000 ET Sep leading indicators expected +0.2%, Aug -0.2%.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $14 billion), 5-year T-notes (previous $34 billion) & 7-year T-notes (previous $28 billion) to be auctioned Oct 25-27.

1300 ET Treasury auctions $5 billion 30-year TIPS.

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