The Dow Market Happenings For Thursday, August 31, 2017

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

The Market

Premarket today, the Dow was indicated to open up +46 points.

Wednesday the Dow was up +27.06 (+0.12%) at 21,892.43.

Year-to-date the Dow is up +10.78%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Cisco (CSCO) +1.62% and Caterpillar (CAT) +1.33%.

The Dow stock losers Wednesday were led by Travelers (TRV) -0.98% and Johnson & Johnson (JNJ) -0.86%.

The Labor Department reported that 236,000 people filed claims for jobless aid, up from 235,000 a week earlier. The less volatile four-week average slipped by 1,250 to 236,750, the lowest since May. The number of Americans collecting unemployment checks fell slightly to 1.94 million, down 9.5 percent from a year ago.

US consumer spending was up 0.3 percent in July .

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up 4.5 cents at $2.449 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) is down -7.11% year-to-date.

Financial Calendar

0730 ET Aug Challenger job cuts, Jul -37.6% y/y.

0830 ET Weekly initial unemployment claims expected +4,000 to 238,000, previous +2,000 to 234,000. Weekly continuing claims expected -3,000 to 1.951 million, previous unch at 1.954 million.

0830 ET Jul personal spending expected +0.4%, Jun +0.1%. Jul personal income expected +0.3%, Jun unch.

0830 ET Jul PCE deflator expected +0.1% m/m and +1.4% y/y, Jun unch m/m and +1.4% y/y. Jul core PCE deflator expected +0.1% m/m and +1.4% y/y, Jun +0.1% m/m and +1.5% y/y.

0830 ET USDA weekly Export Sales.

0945 ET Aug Chicago PMI expected -0.4 to 58.5, Jul -6.8 to 58.9.

1000 ET Jul pending home sales expected +0.4% m/m and +0.5% y/y, Jun +1.5% m/m and +0.7% y/y.

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