The Dow Market Happenings For Thursday, December 15, 2016

Dow stocks at 52 week highs include American Express (AXP), Goldman Sachs(GS), JPMorgan (JPM) and Microsoft (MSFT).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +17 points.

Wednesday the Dow was down -118.68 (-0.60%) at 19,792.53.

Year-to-date the Dow is up +13.59%.

There were 6 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +0.58% and American Express (AXP) +0.31%.

The Dow stock losers Wednesday were led by Caterpillar (CAT) -2.37% and Exxon Mobil (XOM) -2.16%.

Chevron (CVX -1.24%) was upgraded to ‘Outperform’ from ‘Neutral’ at Macquarie Research with a 12-month target price of $130.

United Technologies (UTX -0.94%) said it sees 2017 sales of $57.5 billion-$59 billion, weaker than consensus of $59.2 billion.

Initial jobless claims fell by 4,000 to 254,000 in the week ended December 10. Economists had expected claims to drop to 250,000.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up six-tenths of a cent at $2.226 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 12/20/16 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is down -0.98% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -3,000 to 255,000, previous -10,000 to 258,000. Weekly continuing claims expected unch at 2.005 million, previous -79,000 to 2.005 million.

0830 ET Nov CPI expected +0.2% m/m and +1.7% y/y, Oct +0.4% m/m and +1.6% y/y. Nov CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Oct +0.1% m/m and +2.1% y/y.

0830 ET Dec Empire manufacturing survey business conditions expected +2.5 to 4.0, Nov +8.3 to 1.5.

0830 ET Dec Philadelphia Fed business outlook survey expected +1.5 to 9.1, Nov -2.1 to 7.6.

0830 ET Q3 current account balance expected -$111.6 billion, Q2 -$119.9 billion.

0830 ET USDA weekly Export Sales.

0945 ET Dec Markit manufacturing PMI expected +0.4 to 54.5, Nov +0.7 to 54.1.

1000 ET Dec NAHB housing market index expected unch at 63, Nov unch at 63.

1100 ET Treasury announces amount of 5-year TIPS to be auctioned Dec 22 (previous $14 billion).

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