The Dow Market Happenings For Wednesday, January 4, 2017

Dow stocks at 52 week highs include American Express (AXP), Chevron (CVX), Disney (DIS) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +35 points.

Tuesday the Dow was up +119.16 (+0.60%) at 19,881.76.

Year-to-date the Dow is up 0.60%.

There were 26 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) +2.26% and Verizon (VZ) +2.25%.

The Dow stock losers Tuesday were led by McDonald’s (MCD) -1.73% and Travelers (TRV) -1.24%.

Apple (AAPL +0.28%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $140.

Chevron (CVX +0.13%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch.

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.

UnitedHealth (UNH) reports earnings on 1/17/2017 before the market open.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -0.29% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +2.5% with purchase sub-index +2.7% and refi sub-index +3.0%.

1400 ET Minutes of the Dec 13-14 FOMC meeting.

n/a Dec total vehicle sales expected 17.70 million, Nov 17.75 million. Dec domestic vehicle sales expected 13.70 million, Nov 13.85 million.

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