The Dow Market Happenings For Wednesday, October 18, 2017

Dow stocks at 52 week highs include Johnson & Johnson, JPMorgan (JPM), McDonald’s (MCD) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +105 points.

Tuesday the Dow was up +40.48 (+0.18%) at 22,997.44.

Year-to-date the Dow is up +16.37%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +5.53% and Johnson & Johnson (JNJ) +3.43%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -2.61% and General Electric (GE) -0.73%.

International Business Machines (IBM -0.20%) jumped nearly 5% in after-hours trading after it reported Q3 operating EPS of $3.30, better than consensus of $3.28, and said it sees a $2.8 billion to $2.9 billion increase in Q4 sales from Q3.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down four-tenths of a cent at $2.461 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reports earnings on 10/18/2017 after the market close.

Travelers (TRV) reports earnings on 10/19/2017 before the market open.

Verizon (VZ) reports earnings on 10/19/2017 before the market open.

General Electric (GE) reports earnings on 10/20/2017 before the market open.

Procter & Gamble (PG) reports earnings on 10/20/2017 before the market open.

Caterpillar (CAT) reports earnings on 10/20/2017 before the market open.

3M (MMM) reports earnings on 10/24/2017 before the market open.

McDonald’s (MCD) reports earnings on 10/24/2017 before the market open.

United Technologies (UTX) reports earnings on 10/24/2017 before the market open.

Boeing (BA) reports earnings on 10/25/2017 before the market open.

Coca Cola (KO) reports earnings on 10/25/2017 before the market open.

Visa (V) reports earnings on 10/25/2017 before the market open.

Intel (INTC) reports earnings on 10/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 10/26/2017 after the market close.

Chevron (CVX) reports earnings on 10/27/2017 before the market open.

Merck (MRK) reports earnings on 10/27/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 10/27/2017 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is up +8.32% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.1% with purchase sub-index -0.1% and refi sub-index -4.2%.

0800 ET New York Fed President William Dudley (voter) and Dallas Fed President Robert Kaplan (voter) take part in a moderated discussion on economic development.

0830 ET Sep housing starts expected -0.4% to 1.175 million, Aug -0.8% to 1.18 million. Sep building permits expected -2.1% to 1.245 million, Aug +3.4% to 1.272 million.

1030 ET EIA weekly Petroleum Status Report.

1400 ET Fed Beige Book.

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