DJIA Market Happenings For Tuesday, January 3, 2017

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 +140 points.

Friday the Dow was down -57.18 (-0.29%) at 19,762.60.

Year-to-date the Dow is up 0.00%.

There were 5 Dow stocks up Friday.

The Dow stock winners Friday were led by Goldman Sachs (GS) +0.53% and JPMorgan (JPM) +0.47%.

The Dow stock losers Thursday were led by Microsoft (MSFT) -1.21% and Intel (INTC) -1.06%.

Happy New Year!

Disney (DIS -0.33%) was upgraded to ‘Buy’ from ‘Hold’ at Evercore ISI with a 12-month target price of $120.

Verizon Communications (VZ -0.67%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up five-tenths of a cent at $2.347 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reports earnings on 1/13/2016 before the market open.

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is up 0.00% year-to-date (+12.78% in 2016).

Financial Calendar

0945 ET Final-Dec U.S. Markit manufacturing PMI expected unrevised at 54.2, prelim-Dec +0.1 to 54.2.

1000 ET Dec U.S. ISM manufacturing index expected +0.5 to 53.7, Nov +1.3 to 53.2. Dec ISM new orders, Nov +0.9 to 53.0. Dec ISM employment, Nov -0.6 to 52.3. Dec ISM prices paid expected +1.0 to 55.5, Nov unch at 54.5.

1000 ET Nov construction spending expected +0.5% m/m, Oct +0.5% m/m.

1100 ET USDA weekly grain export inspections.

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