DJIA Market Happenings For Tuesday, May 23, 2017

Dow stocks at 52 week highs include McDonald’s (MCD) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +48 points.

Monday the Dow was up +89.99 (+0.43%) at 20,894.83.

Year-to-date the Dow is up +5.73%.

There were 21 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) +1.61% and 3M (MMM) +1.38%.

The Dow stock losers Monday were led by Pfizer (PFE) -1.05% and Dupont (DD) -0.57%.

A deadly attack outside an Ariana Grande concert at Manchester Arena in the U.K. killed at least 22 people, including children.

The Trump administration is set to unveil its budget Tuesday. It will cut hundreds of billions of dollars from programs such as Medicaid, food stamps and disability insurance.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $2.361 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +17.98% year-to-date.

Financial Calendar

0900 ET Minneapolis Fed President Neel Kashkari (voter) holds a Q&A with the media.

0945 ET May Markit manufacturing PMI expected +0.3 to 53.1, Apr -0.5 to 52.8. May Markit services PMI expected +0.3 to 53.4, Apr +0.3 to 53.1.

1000 ET Apr new home sales expected -1.8% to 610,000, Mar +5.8% to 621,000.

1000 ET May Richmond Fed manufacturing index expected -5 to 15, Apr -2 to 20.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1500 ET Minneapolis Fed President Neel Kashkari (voter) discusses Building Economic Well-Being for Native Communities through Homeownership at a CICD Roundtable in Minneapolis.

1700 ET Philadelphia Fed President Patrick Harker (voter) gives an economic outlook speech at an MNI Roundtable at the Harvard Club of New York.

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