DJIA Market Happenings For Friday, March 31, 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 down -13 points.

Thursday the Dow was up +69.17 (+0.33%) at 20,728.49.

Year-to-date the Dow is up +4.89%.

There were 18 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Exxon Mobil (XOM) +2.05% and American Express (AXP) +1.23%.

The Dow stock losers Thursday were led by Nike (NKE) -1.13% and Procter & Gamble (PG) -0.44%.

Boeing (BA +0.20%) was awarded a $2.2 billion contact for 17 P-8A Poseidon jets.

Intel (INTC +0.51%) was rated new ‘Outperform’ at Macquarie Research with a 12-month target price of $40.

Consumer spending, the Fed’s preferred inflation measure, climbed 2.1 percent from a year earlier, the most since March 2012.

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

The national average price of gasoline is up nine-tenths of a cent at $2.314 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share..

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -8.09% year-to-date.

Financial Calendar

0830 ET Feb personal spending expected +0.2%, Jan +0.2%. Feb personal income expected +0.4%, Jan +0.4%.

0830 ET Feb PCE deflator expected +0.1% m/m and +2.1% y/y, Jan +0.4% m/m and +1.9% y/y. Feb core PCE deflator expected +0.2% m/m and +1.7% y/y, Jan +0.3% m/m and +1.7% y/y.

0945 ET Mar Chicago PMI expected -0.5 to 56.9, Feb +7.1 to 57.4.

1000 ET Final-Mar University of Michigan U.S. consumer sentiment index expected unch at 97.6, prelim-Mar +1.3 to 97.6.

1000 ET Minneapolis Fed President Neel Kashkari participates in a Q&A at the Annual Banking Law Institute conference in Minneapolis.

1200 ET USDA Q1 Quarterly Grain Stocks and prospective planting data.

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