DJIA Market Happenings For Thursday, December 7, 2017

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

The Market

Premarket today, the Dow was indicated to open down -45 points.

Wednesday the Dow was down -39.73 (-0.16%) at 24,140.91.

Year-to-date the Dow is up +22.15%.

There were 11 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +1.46% and Visa (V) +1.07%.

The Dow stock losers Wednesday were led by Merck (MRK) -2.55% and Disney (DIS) -1.64%.

General Electric (GE) plans to cut 12,000 jobs in its power division as the industrial conglomerate’s new CEO institutes sweeping changes and the company grapples with a decline in business for coal and natural gas products.

Unemployment insurance weekly claims for the week ending December 2, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of
2,000 from the previous week’s unrevised level of 238,000. The 4-week moving average was 241,500, a decrease of 750 from the previous week’s unrevised average of 242,250.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down 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

Procter & Gamble (PG)

Procter & Gamble (PG) is up +8.55% year-to-date.

Financial Calendar

0730 ET Nov Challenger job cuts, Oct -3.0% y/y.

0830 ET Weekly initial unemployment claims expected +2,000 to 240,000, previous -2,000 to 238,000. Weekly continuing claims expected -38,000 to 1.919 million, previous +42,000 to 1.957 million.

0830 ET USDA weekly Export Sales.

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 Dec 11-12.

1500 ET Oct consumer credit expected +$17.0 billion, Sep +$20.83 billion.

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