The Dow Market Happenings For Wednesday, June 14, 2017

Dow stocks at 52 week highs include Dupont (DD), Johnson & Johnson (JNJ), 3M (MMM) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +28 points.

Tuesday the Dow was up +92.80 (+0.44%) at 21,328.47.

Year-to-date the Dow is up +7.92%.

There were 21 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dupont (DD) +2.12% and Visa (V) +1.69%.

The Dow stock losers Tuesday were led by Merck (MRK) -1.74% and General Electric (GE) -1.69%.

U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending, which may temper expectations for a sharp acceleration in economic growth in the second quarter.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $2.324 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is up +23.09% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.1% with purchase sub-index +10.0% and refi sub-index +3.4%.

0830 ET May CPI expected unch m/m and +2.0% y/y, Apr +0.2% m/m and +2.2% y/y. May CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Apr +0.1% m/m and +1.9% y/y.

0830 ET May retail sales expected unch and +0.2% ex autos, Apr +0.4% and +0.3% ex autos.

1000 ET Apr business inventories expected -0.2%, Mar +0.2%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision, expected +25 bp increase in the fed funds target range to 1.00%-1.25%.

1430 ET Fed Chair Janet Yellen holds news conference following FOMC meeting.

Both comments and pings are currently closed.

Comments are closed.