DJIA Market Happenings For Wednesday, November 30, 2016

Dow stocks at 52 week highs include Boeing (BA), Microsoft (MSFT) and UnitedHealth (UNH).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 +23.70 (+0.12%) at 19,121.60.

Year-to-date the Dow is up +9.74%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +0.96% and Verizon (VZ) +0.89%.

The Dow stock losers Tuesday were led by Visa (V) -1.31% and American Express (AXP) -1.00%.

The private sector added 216,000 jobs in November according to payroll processor ADP. Economists expected 169,000 job gains and they predict the Labor Department on Friday will record 180,000 additional jobs in the public and private sectors. The Friday Jobs report will be the last before the Federal Reserve considers an anticipated interest rate hike at a mid-December meeting. The Fed has held its key rate steady since raising it in late 2015 for the first time in nine years. ADP tries to predict Labor’s private-sector job gains and came within 5,000 in October, but has missed by an average of more than 35,000 the past two years. In November, small businesses added 37,000 jobs, mid-size ones, 89,000 and large companies, 90,000.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up a 1.5 cents at $2.150 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +10.26% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +5.5% with purchase sub-index +18.8% and refi sub-index -3.1%.

0800 ET Dallas Fed President Robert Kaplan (non-voter) speaks to the Economic Club of New York.

0815 ET Nov ADP employment change expected +169,000, Oct +147,000.

0830 ET Oct personal spending expected +0.5%, Sep +0.5%. Oct personal income expected +0.4%, Sep +0.3%.

0830 ET Oct PCE deflator expected +0.3% m/m and +1.5% y/y, Sep +0.2% m/m and +1.2% y/y. Oct core PCE expected +0.1% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.

0945 ET Nov Chicago PMI expected +1.9 to 52.5, Oct -3.6 to 50.6.

1000 ET Oct pending home sales expected unch m/m, Sep +1.5% m/m and +2.0% y/y.

1030 ET EIA Weekly Petroleum Status Report.

1145 ET Fed Governor Jerome Powell speaks at the Brookings Institute in Washington, D.C.

1400 ET Fed Beige Book.

n/a OPEC meeting in Vienna.

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