DJIA Market Happenings For Thursday, December 21, 2017

Dow stocks at 52 week highs include Boeing (BA), Caterpillar (CAT), Home Depot (HD), Intel (INTC) and United Technologies (UTX).Dow stock 52 week lows include General Electric (GE).

The Market

Premarket today, the Dow was indicated to open up +35 points.

Wednesday the Dow was down -28.10 (-0.11%) at 24,726.65.

Year-to-date the Dow is up +25.12%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Cisco (CSCO) +1.15% and Intel (INTC) +1.11%.

The Dow stock losers Wednesday were led by Disney (DIS) -1.90% and Pfizer (PFE) -1.30%.

JPMorgan Chase (JPM -0.35%) was upgraded to ‘Buy’ from ‘Neutral’ at Buckingham Research Group with a price target of $135.

Nike (NKE) reports earnings today after the close.

Initial claims for state unemployment benefits rose 20,000 to a seasonally adjusted 245,000 for the week ended Dec. 16. The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. The four-week moving average of initial claims rose 1,250 to 236,000.

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

The national average price of gasoline is up seven-tenths of a cent at $2.430 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 12/21/17 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +90.01% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +8,000 to 233,000, previous -11,000 to 225,000. Weekly continuing claims expected +12,000 to 1.898 million, previous -27,000 to 1.886 million.

0830 ET Revised Q3 GDP expected unrevised at +3.3% (q/q annualized). Q3 personal consumption expected unrevised at +2.3%. Q3 GDP price index expected unrevised at +2.1%. Q3 core PCE expected unrevised at +1.4% q/q.

0830 ET Nov Chicago national activity index expected -0.15 to 0.50, Oct 0.65.

0830 ET Dec Philadelphia Fed business outlook survey expected -1.7 to 21.0, Nov -5.2 to 22.7.

0830 ET USDA weekly Export Sales.

0900 ET Oct FHFA house price index expected +0.4% m/m, Sep +0.3% m/m.

1000 ET Nov leading indicators expected +0.4%, Oct +1.2%.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Dec 26-28.

1300 ET Treasury auctions $14 billion 5-year TIPS.

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