DJIA Market Happenings For Thursday, June 29, 2017

Dow stocks at 52 week highs include American Express (AXP). Dow stock 52 week lows include General Electric (GE).

The Market

Premarket today, the Dow was indicated to open up +8 points.

Wednesday the Dow was up +143.95 (+0.68%) at 21,454.61.

Year-to-date the Dow is up +7.83%.

There were 24 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) +2.42% and JPMorgan (JPM) +2.01%.

The Dow stock losers Wednesday were led by Johnson & Johnson (JNJ) -0.88% and Merck (MRK) -0.58%.

JPMorgan Chase (JPM +2.01%) gained 2% in after-hours trading after it aced the Fed’s stress tests and said it will buy back $19.4 billion of stock between July 1, 2017 and June 30, 2018, and raised its quarterly dividend to 56 cents a share from 50 cents effective Q3.

The Labor Department said weekly applications rose by 2,000 to a seasonally adjusted 244,000. The less volatile four-week average fell 2,750 to 242,250. The number of people receiving unemployment benefit checks rose 11,835 to 1,828,688.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down five-tenths of a cent at $2.242 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 6/29/17 after the market close.

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is up +10.69% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -1,000 to 240,000, previous +3,000 to 241,000. Weekly continuing claims expected -10,000 to 1.934 million, previous +8,000 to 1.944 million.

0830 ET Q1 GDP expected unrevised at +1.2% (q/q annualized). Q1 personal consumption expected unrevised at +0.6%. Q1 GDP price index expected unrevised at +2.2%. Q1 core PCE deflator expected unrevised at +2.1% q/q.

0830 ET USDA weekly Export Sales.

1500 ET USDA Q2 Hogs & Pigs Inventory.

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