The Dow Market Happenings For Wednesday, December 27, 2017

Dow stocks at 52 week highs include Caterpillar (CAT), Chevron (CVX), Home Depot (HD) and United Technologies (UTX).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -5 points.

Tuesday the Dow was down -7.85 (-0.03%) at 24,746.21.

Year-to-date the Dow is up +25.22%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Home Depot (HD) +1.19% and Wal-Mart (WMT) +0.97%.

The Dow stock losers Tuesday were led by Apple (APPL) -2.54% and Intel (INTC) -1.33%.

U.S. home prices climbed a robust 6.2 percent from a year ago, with the strongest annual gains occurring here in Seattle, where prices have shot up 12.7 percent since October 2015.

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

The national average price of gasoline is up three-tenths of a cent at $2.447 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +27.33% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.9% with purchase sub-index -5.5% and refi sub-index -3.2%.

1000 ET Conference Board Dec U.S. consumer confidence expected -1.5 to 128.0, Nov +3.2 to 129.5.

1000 ET Nov pending home sales expected -0.5% m/m, Oct +3.5% m/m and +1.2% y/y.

1130 ET Treasury auctions $13 billion of 2-year floating-rate notes.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

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