The Dow Market Happenings For Wednesday, December 6, 2017

Dow stocks at 52 week highs include American Express (AXP) and McDonald’s (MCD).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -65 points.

Tuesday the Dow was down -109.41 (-0.45%) at 24,180.64.

Year-to-date the Dow is up +22.36%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +1.37% and Wal-Mart (WMT) +0.85%.

The Dow stock losers Tuesday were led by Disney (DIS) -2.72% and Intel (INTC) -2.36%.

Private payrolls increased by 190,000 in November, ahead of analyst expectations of 185,000 but less than the 235,000 in October. Manufacturing had its best month of the year with 40,000 new jobs. Service-oriented industries grew by 155,000.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.477 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +8.67% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -3.1% with purchase sub-index +1.8% and refi sub-index -7.7%.

0815 ET Nov ADP employment change expected +190,000, Oct +235,000.

0830 ET Revised Q3 non-farm productivity expected +3.3%, previous +3.0%. Revised Q3 unit labor costs expected +0.2%, previous +0.5%.

1030 ET EIA weekly Petroleum Status Report.

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