DJIA Market Happenings For Wednesday, November 29, 2017

Dow stocks at 52 week highs include Boeing (BA), Cisco (CSCO), Home Depot (HD), McDonald’s (MCD), UnitedHealth (UNH) and Visa (V).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +79 points.

Tuesday the Dow was up +255.93 (+1.09%) at 23,836.71.

Year-to-date the Dow is up +20.62%.

There were 26 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by JPMorgan (JPM) +3.50% and Verizon (VZ) +2.43%.

The Dow stock losers Tuesday were led by Apple (AAPL) -0.59% and Coca Cola (KO) -0.15%.

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

The national average price of gasoline is down three-tenths of a cent at $2.499 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +14.42% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.1% with purchase sub-index +5.3% and refi sub-index -4.8%.

0830 ET Revised Q3 GDP expected +3.2% (q/q annualized), previous +3.0%. Q3 personal consumption expected +2.5%, previous +2.4%. Q3 GDP price index expected unrevised at +2.2%. Q3 core PCE deflator, previous +1.3% q/q.

0830 ET New York Fed President William Dudley (voter) takes part in a moderated discussion about current economic issues at Rutgers University.

1000 ET Fed Chair Janet Yellen addresses the Joint Economic Committee of Congress on the U.S. economic outlook.

1000 ET Oct pending home sales expected +1.0% m/m and +3.0% y/y, Sep unch m/m and -5.4% y/y.

1030 ET EIA weekly Petroleum Status Report.

1245 ET San Francisco Fed President John Williams (non-voter) delivers keynote speech at the Annual Economic Forecast Luncheon sponsored by Arizona State University in Phoenix.

1400 ET Fed Beige Book.

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