DJIA Market Happenings For Thursday, January 5, 2016

Dow stocks at 52 week highs include American Express (AXP), Disney (DIS) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -15 points.

Wednesday the Dow was up +60.40 (+0.30%) at 19,942.16.

Year-to-date the Dow is up +0.91%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Nike (NKE) +2.10% and American Express (AXP) +1.64%.

The Dow stock losers Wednesday were led by Cisco (CSCO) -1.44% and Exxon Mobil (XOM) -1.10%.

Apple (AAPL) App Store generated record revenue of more than $20 billion for developers in 2016.

Initial claims for state unemployment benefits dropped 28,000 to a seasonally adjusted 235,000 for the week ended Dec. 31. That was close to the 233,000 touched in mid-November, which was the lowest level since November 1973. Claims for the prior week were revised to show 2,000 fewer applications received than previously reported.

The ADP National Employment Report showed 153,000 private sector jobs were created in December, according to Thursday’s release. That’s down sharply from November’s 215,000, which was revised down slightly from 216,000. Economists were expecting 172,000 new jobs. It suggests that Friday’s non-farm payrolls report, now expected at 170,000, may disappoint as well.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is up six-tenths of a cent at $2.359 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.

Goldman Sachs (GS) reports earnings on 1/18/2017 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is up +2.94% year-to-date.

Financial Calendar

0730 ET Dec Challenger job cuts, Nov -13.0% y/y.

0815 ET Dec ADP employment change expected +175,000, Nov +216,000.

0830 ET Weekly initial unemployment claims expected -5,000 to 260,000, previous -10,000 to 265,000. Weekly continuing claims expected -51,000 to 2.051 million, previous +63,000 to 2.102 million.

0945 ET Revised Dec Markit services PMI, prelim-Dec -1.2 to 53.4.

1000 ET Dec ISM non-manufacturing index expected -0.5 to 56.7, Nov +2.4 to 57.2.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Jan 10-12.

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