DJIA Market Happenings For Wednesday, August 16, 2017

Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Procter & Gamble and Visa (V). Dow stock 52 week lows include General Electric (GE), IBM (IBM) and Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open up +45 points.

Tuesday the Dow was up +5.28 (+0.02%) at 21,998.99.

Year-to-date the Dow is up +11.32%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by American Express (AXP) +1.54% and Apple (AAPL) +1.09%.

The Dow stock losers Tuesday were led by Home Depot (HD) -2.65% and Nike (NKE) -2.04%.

Cisco (CSCO) reports earnings today after the close.

The Federal Reserve is releasing the minutes from its latest policy-setting meeting at 11 a.m. PDT.

One year ago today the Dow closed down -84.03 (-0.45%) at 18,552.02. We are currently up +18.5% over this time last year.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.347 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) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reported earnings on 7/21/2017 before the market open of $0.28, missing estimates calling for $0.532 per share.

Caterpillar (CAT) reported earnings on 7/25/2017 before the market open of$1.49, beating estimates calling for $1.262 per share.

Dupont (DD) reported earnings on 7/25/2017 before the market open of $1.38, beating estimates calling for $1.341 per share.

McDonald’s (MCD) reported earnings on 7/25/2017 before the market open of $1.70, beating estimates of $1.66 per share.

3M (MMM) reported earnings on 7/25/2017 before the market open of $2.58, beating estimates calling for $2.504 per share.

United Technologies (UTX) reported earnings on 7/25/2017 before the market open of $1.85, beating estimates of $1.804 per share.

Coca Cola (KO) reported earnings on 7/26/2017 before the market open of $0.59, beating estimates calling for $0.576 per share.

Boeing (BA) reported earnings on 7/26/2017 before the market open of $2.55, beating estimates of $2.383 per share.

Procter & Gamble reported earnings on 7/27/2017 before the market open of $0.85, beating estimates of $0.789 per share.

Verizon (VZ) reported earnings on 7/27/2017 before the market open of $0.96, meeting expectations for $0.961 per share.

Intel (INTC) reported earnings on 7/27/2017 after the market close of $0.72, beating expectations for $0.692 per share.

Chevron (CVX) reported earnings on 7/28/2017 before the market open of $0.77, missing estimates calling for $0.977 per share.

Exxon Mobil (XOM) reported earnings on 7/28/2017 before the market open of $0.78, missing estimates calling for $0.881 per share.

Merck (MRK) reported earnings on 7/28/2017 before the market open of $1.01, beating estimates calling for $0.879 per share.

Pfizer (PFE) reported earnings on 8/1/2017 before the market open of $0.67, beating estimates calling for $0.659 per share.

Apple (AAPL) reported earnings on 8/1/2017 after the market close of $1.67, beating estimates of $1.607 per share.

Disney (DIS) reported earnings on 8/8/2017 after the market close of $1.58, just beating estimates calling for $1.571 per share.

Home Depot (HD) reported earnings on 8/15/2017 before the market open of $2.25, missing estimates calling for $2.237 per share.

Cisco (CSCO) reports earnings on 8/16/2017 after the market close.

Wal-Mart (WMT) reports earnings on 8/17/2017 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is up +17.16% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +3.0% with purchase sub-index +0.8% and refi sub-index +5.3%.

0830 ET Jul housing starts expected +0.4% to 1.220 million, Jun +8.3% to 1.215 million. Jul building permits expected -2.0% to 1.250 million, Jun +9.2% to 1.275 million.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Minutes of the Jul 25-26 FOMC meeting.

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