The Dow Market Happenings For Wednesday, January 3, 2018

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

The Market

Premarket today, the Dow was indicated to open up +51 points.

Tuesday the Dow was up +104.79 (+0.42%) at 24,824.01.

Year-to-date the Dow is up 0.42%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Disney (DIS) +3.99% and General Electric (GE) +3.04%.

The Dow stock losers Tuesday were led by Travelers (TRV) -2.70% and Procter & Gamble (PG) -1.34%.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.485 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.

JPMorgan (JPM) reports earnings on 1/12/2018 at an unspecified time.

UnitedHealth (UNH) reports earnings on 1/16/2018 before the market open.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is up +3.04% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications.

1000 ET Dec ISM manufacturing index expected unch at 58.2, Nov -0.5 to 58.2. Dec ISM new orders, Nov +0.6 to 64.0. Dec ISM employment, Nov expected -0.1 to 59.7. Dec ISM prices paid expected -1.0 to 64.5, Nov -3.0 to 65.5.

1000 ET Nov construction spending expected +0.5%, Oct +1.4% m/m.

1400 ET Minutes of the Dec 12-13 FOMC meeting.

n/a Dec total vehicle sales expected 17.50 million, Nov 17.40 million. Dec domestic vehicle sales expected 13.30 million, Nov 13.46 million.

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