The Dow Market Happenings For Wednesday, February 28, 2018

Dow stocks at 52 week highs include Apple (AAPL), Boeing (BA), Cisco (CSCO), Intel (INTC), JPMorgan (JPM) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +74 points.

Tuesday the Dow was down -299.24 (-1.16%) at 25,410.03.

Year-to-date the Dow is up +2.79%.

There were 2 Dow stocks up Tuesday.

The Dow stock winners Tuesday were Intel (INTC) +1.63% and Boeing (BA) +0.32%.

The Dow stock losers Monday were led by Disney (DIS) -4.50% and Merck (MRK) -2.39%.

Chevron (CVX -0.86%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America Merrill Lynch with a price target of $138.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is up 1.2 cents at $2.530 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is down -2.75% year-to-date.

Financial Calendar

12:00 MBA 30-Year Mortgage Rate, 4.64%

12:00 MBA Mortgage Applications (WoW), -6.6%

12:00 MBA Purchase Index, 225.5

12:00 Mortgage Market Index, 372.9

12:00 Mortgage Refinance Index, 1,183.1

13:30 Core PCE Prices, 1.90%, 1.30%

13:30 Corporate Profits (QoQ) (Q4), 5.7%

13:30 GDP (QoQ) (Q4), 2.5%, 2.6%

13:30 GDP Price Index (QoQ) (Q4), 2.4%, 2.4%

13:30 Real Consumer Spending (Q4), 3.6%, 3.8%

14:45 Chicago PMI (Feb), 64.2, 65.7

15:00 Pending Home Sales (MoM) (Jan), 0.3%, 0.5%

15:00 Pending Home Sales Index (Jan), 110.1

15:30 Crude Oil Inventories, 2.077M, -1.616M

15:30 Crude Oil Imports, -1.589M

15:30 Cushing Crude Oil Inventories, -2.664M

15:30 Distillate Fuel Production, -0.322M

15:30 EIA Weekly Distillates Stocks, -0.709M, -2.422M

15:30 Gasoline Production, 0.515M

15:30 Heating Oil Stockpiles, 0.503M

15:30 Gasoline Inventories, -0.190M, 0.261M

Both comments and pings are currently closed.

Comments are closed.