DJIA Market Happenings For Thursday, August 24, 2017

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +64 points.

Wednesday the Dow was down -87.80 (-0.40%) at 21,812.09.

Year-to-date the Dow is up +10.37%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by United Technologies (UTX) +1.16% and IBM (IBM) +0.80%.

The Dow stock losers Wednesday were led by Johnson & Johnson (JNJ) -1.41% and Disney (DIS) -1.24%.

Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 234,000 for the week ended Aug. 19. Data for the prior week was unrevised. Economists had forecast claims rising to 238,000 in the latest week. The four-week moving average of claims, fell 2,750 to 237,750 last week, the lowest level since May.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up four-tenths of a cent at $2.348 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +9.84% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 238,000, previous -12,000 to 232,000. Weekly continuing claims expected -3,000 to 1.950 million, previous -3,000 to 1.953 million.

0830 ET USDA weekly Export Sales.

1000 ET Jul existing home sales expected +0.5% to 5.55 million, Jun -1.8% to 5.52 million.

1100 ET Aug Kansas City Fed manufacturing activity expected +1 to 11, Jul -1 to 10.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 5-year T-notes (previous $34 billion), and 7-year T-notes (previous $28 billion) to be auctioned Aug 28-29.

1300 ET Treasury auctions $14 billion 5-year TIPS.

n/a Kansas City Fed hosts its annual 3-day monetary symposium in Jackson Hole, WY, on Fostering a Dynamic Global Economy.

Both comments and pings are currently closed.

Comments are closed.