DJIA Market Happenings For Monday, July 3, 2017

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

The Market

Premarket today, the Dow was indicated to open down -20 points.

Friday the Dow was up +62.60 (+0.29%) at 21,349.63.

Year-to-date the Dow is up +8.03%.

There were 21 Dow stocks up Friday.

The Dow stock winners Friday were led by Nike (NKE) +10.96% and Catepillar (CAT) +1.72%.

The Dow stock losers Friday were led by Goldman Sachs (GS) -1.12% and Visa (V) -0.68%.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is unchanged at $2.234 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reports earnings on 7/14/17 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is up +13.71% year-to-date.

Financial Calendar

0430 ET St. Louis Fed President James Bullard (non-voter) speaks at a BOE academic macroeconomy conference.

0945 ET Revised Jun Markit U.S. manufacturing PMI expected unrevised at 52.1, prelim-Jun -0.6 to 52.1.

1000 ET Jun ISM manufacturing PMI expected +0.3 to 55.2, May +0.1 to 54.9. Jun ISM new orders, May +2.0 to 59.5. Jun ISM employment, May +1.5 to 53.5. Jun ISM prices paid expected -2.0 to 58.5, May -8.0 to 60.5.

1000 ET May construction spending expected +0.3% m/m, Apr -1.4% m/m.

1100 ET USDA weekly grain export inspections.

1600 ET USDA crop conditions and planting progress.

n/a Jun total vehicle sales expected 16.50 million, May 16.58 million. Jun domestic vehicle sales expected 12.90 million, May 12.84 million.

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