DJIA Market Happenings For Thursday, May 25, 2017

Dow stocks at 52 week highs include McDonald’s (MCD), 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 +70 points.

Wednesday the Dow was up +74.51 (+0.36%) at 21,012.42.

Year-to-date the Dow is up +6.32%.

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +1.91% and Coco Cola (KO) +1.44%.

The Dow stock losers Wednesday were led by General Electric (GE) -1.59% and Verizon (VZ) -0.97%.

Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 234,000 for the week ended May 20. The increase followed three straight weeks of declines. Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists had forecast first-time applications for jobless benefits rising to 238,000 in the latest week.

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

The national average price of gasoline is up five-tenths of a cent at $2.372 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -9.75% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 238,000, previous -4,000 to 232,000. Weekly continuing claims expected +27,000 to 1.925 million, previous -22,000 to 1.898 million.

0830 ET Apr wholesale inventories expected +0.2%, Mar -0.1%. Apr retail inventories, Mar +0.4%.

0830 ET USDA weekly Export Sales.

1000 ET Fed Governor Lael Brainard takes part in a discussion on the global economy at the Center for Global Developments Voices of Experience.

1100 ET May Kansas City Fed manufacturing activity expected +3 to 10, Apr -13 to 7.

1300 ET Treasury auctions $28 billion of 7-year T-notes.

2200 ET St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at Keio University in Tokyo.

n/a OPEC meeting.

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