The Dow Market Happenings For Wednesday, May 24, 2017

Dow stocks at 52 week highs include Visa (V) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Tuesday the Dow was up +43.08 (+0.21%) at 20,937.91.

Year-to-date the Dow is up +5.95%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +1.68% and Caterpillar (CAT) +1.31%.

The Dow stock losers Tuesday were led by Home Depot (HD) -0.72% and Disney (DIS) -0.57%.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up six-tenths of a cent at $2.367 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +11.74% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -2.7% and refi sub-index -5.7%.

0900 ET Mar FHFA house price index expected +0.5% m/m, Feb +0.8% m/m. Q1 house price index, Q4 +1.5% q/q.

1000 ET Apr existing home sales expected -1.1% to 5.65 million, Mar +4.4% to 5.71 million.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion of 2-year floating-rate notes.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

1400 ET Minutes of the May 2-3 FOMC meeting.

1800 ET Dallas Fed President Robert Kaplan (voter) speaks at an event in Toronto.

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