The Dow Market Happenings For Thursday, September 7, 2017

Dow stocks at 52 week highs include Caterpillar (CAT, +27.54% YTD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +16 points.

Wednesday the Dow was up +54.33 (+0.25%) at 21,807.64.

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

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Home Depot (HD) +2.37% and Chevron (CVX) +2.15%.

The Dow stock losers Wednesday were led by United Technologies (UTX) -1.44% and Caterpillar (CAT) -1.12%.

The Labor Department reported that weekly applications for jobless aid jumped 62,000 to a seasonally adjusted 298,000, reaching the highest level in two years. The less volatile four-week average rose to 250,250. Applications rose by more than 51,000 in Texas, a five-fold increase, and ticked up 258 in Louisiana.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is up 1.3 cents at $2.661 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is down -3.25% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +9,000 to 245,000, previous +1,000 to 236,000. Weekly continuing claims expected +3,000 to 1.945 million, previous -12,000 to 1.942 million.

0830 ET Revised Q2 non-farm productivity expected +1.3%, previous +0.9%. Revised Q2 unit labor costs expected +0.3%, previous +0.6%.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Sep 11-13.

1215 ET Cleveland Fed President Loretta Mester speaks on the economic outlook and monetary policy at an event in Pittsburgh.

1900 ET New York Fed President William Dudley delivers economic outlook speech to the Money Marketeers of NYU.

2015 ET Kansas City Fed President Esther George speaks on the economic outlook at a forum in Omaha, NE.

Both comments and pings are currently closed.

Comments are closed.