The Dow Market Happenings For Thursday, July 13, 2017

Dow stocks at 52 week highs include Boeing (BA), Caterpillar (CAT), Dupont (DD), McDonald’s (MCD) and United Technologies. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -48 points.

Wednesday the Dow was up +123.07 (+0.57%) at 21,532.14.

Year-to-date the Dow is up +8.95%.

There were 29 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Dupont (DD) +2.75%, Microsoft (MSFT) +1.66% and Home Depot (HD) +1.32%.

The Dow stock loser Wednesday was JPMorgan (JPM) -0.34%.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.256 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.

Goldman Sachs (GS) reports earnings on 7/18/17 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/18/17 before the market open.

UnitedHealth (UNH) reports earnings on 7/18/17 before the market open.

IBM (IBM) reports earnings on 7/18/17 after the market close.

American Express (AXP) reports earnings on 7/19/17 after the market close.

Travelers (TRV) reports earnings on 7/20/2017 before the market open.

Microsoft (MSFT) reports earnings on 7/20/2017 after the market close.

Visa (V) reports earnings on 7/20/2017 after the market close.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is up +0.15% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -3,000 to 245,000, previous +4,000 to 248,000. Weekly continuing claims expected -6,000 to 1.950 million, previous +13,000 to 1.956 million.

0830 ET Jun PPI final demand expected unch m/m and +1.9% y/y, May unch m/m and +2.4% y/y. Jun PPI ex food & energy expected +0.2% m/m and +2.0% y/y, May +0.3% m/m and +2.1% y/y.

0830 ET USDA weekly Export Sales.

1000 ET Fed Chair Yellen appears before Senate Banking Committee on the second day of her semi-annual testimony to Congress.

1100 ET Treasury announces the amount of 10-year TIPS to be auctioned Jul 20.

1300 ET Fed Governor Lael Brainard speaks on monetary policy at the National Bureau of Economic Research Monetary Economics Seminar Institute.

1300 ET Treasury auctions $12 billion of 30-year T-bonds.

1400 ET Jun monthly budget statement expected -$31.0 billion, May -$88.426 billion.

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