The Dow Market Happenings For Wednesday, March 28, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +49 points.

Tuesday the Dow was down 344.89 (-1.43%) at 23,857.71.

Year-to-date the Dow is down -3.49%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by General Electri (GE) +4.27% and Procter & Gamble (PG) +1.81%.

The Dow stock loser Tuesday was Microsoft (MSFT) -4.60% and Cisco (CSCO) -3.13%.

General Electric (GE +4.27%) was downgraded to ‘Sell’ from ‘Hold’ at DZ Bank AG with a price target of $11.20.

Intel (INTC -2.46%) was downgraded to ‘Hold’ from ‘Buy’ at DZ Bank AG.

Nike (NKE +0.41%) climbed more than 3% in after-hours trading after it announced a long-term extension of their on-field apparel partnership with the NFL.

Verizon (VZ +0.51%) was upgraded to ‘Buy’ from ‘Hold’ at HSBC with a price target of $55.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is up 1.4 cents at $2.635 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

Today’s Featured Dow Stock

DowDupont (DWDP)

DowDuPont (DWDP) is down -10.64% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.68%

11:00 MBA Mortgage Applications (WoW), -1.1%

11:00 MBA Purchase Index, 249.9

11:00 Mortgage Market Index, 383.0

11:00 Mortgage Refinance Index, 1,107.7

12:30 Core PCE Prices (Q4), 1.90%, 1.90%

12:30 Corporate Profits (QoQ) (Q4), 6.0%, 5.7%

12:30 GDP (QoQ) (Q4), 2.7%, 2.5%

12:30 GDP Price Index (QoQ) (Q4), 2.3%, 2.3%

12:30 GDP Sales (Q4), 3.3%, 3.3%

12:30 Goods Trade Balance (Feb), -74.10B, -75.26B

12:30 PCE Prices (Q4), 2.7%, 2.7%

12:30 Real Consumer Spending (Q4), 3.8%, 3.8%

12:30 Wholesale Inventories (MoM), 0.6%, 0.8%

14:00 Pending Home Sales (MoM) (Feb), 2.1%, -4.7%

14:00 Pending Home Sales Index (Feb), 104.6

14:30 Crude Oil Inventories, -0.287M, -2.622M

14:30 Crude Oil Imports, -0.594M

14:30 Cushing Crude Oil Inventories, 0.905M

14:30 Distillate Fuel Production, 0.025M

14:30 EIA Weekly Distillates Stocks, -1.618M, -2.022M

14:30 Gasoline Production, -0.348M

14:30 Heating Oil Stockpiles, 0.360M

14:30 Gasoline Inventories , -1.954M, -1.693M

16:00 FOMC Member Bostic Speaks

17:00 7-Year Note Auction, 2.839%

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2876