DJIA Market Happenings For Tuesday, May 30, 2017

Dow stocks at 52 week highs include Boeing (BA), McDonald’s (MCD). 3M (MMM), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -31 points.

Friday the Dow was down -2.67 (-0.01%) at 21,080.28.

Year-to-date the Dow is up +6.67%.

There were 13 Dow stocks up Friday.

The Dow stock winners Friday were led by Disney (DIS) +1.06% and Caterpillar (CAT) +0.61%.

The Dow stock losers Friday were led by Home Depot (HD) -1.00% and Johnson & Johnson (JNJ) -0.48%.

Hope everyone had a wonderful holiday weekend!

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

The national average price of gasoline is down three-tenths of a cent at $2.368 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +9.48% year-to-date.

Financial Calendar

0830 ET Apr personal spending expected +0.4%, Mar unch. Apr personal income expected +0.4%, Mar +0.2%.

0830 ET Apr PCE deflator expected +0.2% m/m and +1.7% y/y, Mar -0.2% m/m and +1.8% y/y. Apr core PCE deflator expected +0.1% m/m and +1.5% y/y, Mar -0.1% m/m and +1.6% y/y.

0900 ET Mar S&P CoreLogic composite-20 home Price index expected +0.8% m/m, Feb +0.69% m/m and +5.85% y/y.

1000 ET May U.S. consumer confidence (Conference Board) expected -0.5 to 119.8, Apr -4.6 to 120.3.

1030 ET May Dallas Fed manufacturing activity expected -1.8 to 15.0, Apr -0.1 to 16.8.

1100 ET USDA weekly grain export inspections.

1300 ET Fed Governor Lael Brainard speaks on the economy and monetary policy at a NABE luncheon in New York.

1600 ET USDA crop conditions and planting progress.

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