DJIA Market Happenings For Wednesday, August 30, 2017

Dow stocks at 52 week highs include Apple (AAPL) and UnitedHealth (UNH). Dow stock 52 week lows include General Electric (GE).

The Market

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

Tuesday the Dow was up +56.97 (+0.26%) at 21,865.37.

Year-to-date the Dow is up +10.35%.

There were 17 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by United Technologies (UTX) +2.92% and Boeing (BA) +1.40%.

The Dow stock losers Tuesday were led by Nike (NKE) -1.86% and Dupont (DD) -0.77%.

Private payrolls grew by 237,000 in August, ahead of the 185,000 that economists expected.

US revised second-quarter GDP up 3.0% vs 2.7% rise expected.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up 206 cents at $2.404 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -22.66% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.5% with purchase sub-index -1.5% and refi sub-index +0.3%.

0815 ET Aug ADP employment change expected +185,000, Jul +178,000.

0830 ET Revised Q2 GDP expected +2.7% (q/q annualized), previous +2.6% (q/q annualized). Q2 personal consumption expected +3.0%, previous +2.8%. Q2 GDP price index expected unrevised at +1.0%. Q2 core PCE deflator expected unrevised at +0.9% q/q.

0915 ET Fed Governor Jerome Powell speaks on The Role of Boards at Large Financial Firms at a conference hosted by the Chicago Fed.

1030 ET EIA Weekly Petroleum Status Report.

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