DJIA Market Happenings For Thursday, March 29, 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 +84 points.

Wednesday the Dow was down 9.29 (-0.04%) at 23,848.42.

Year-to-date the Dow is down -3.52%.

There were 16 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Merck (MRK) +2.49% and Wal-Mart (WMT) +2.00%.

The Dow stock loser Wednesday was Intel (INTC) -3.11% and Cisco (CSCO) -2.39%.

Boeing (BA -0.34%) was rated a new ‘Overweight’ at Barclays with a price target of $388.

Unemployment insurance weekly claims for the week ending March 24, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 12,000 from the previous week’s revised level. This is the lowest level for initial claims since January 27, 1973 when it was 214,000. The previous week’s level was revised down by 2,000 from 229,000 to 227,000. The 4-week moving average was 224,500, a decrease of 500 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 223,750 to 225,000. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 17, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 17 was 1,871,000, an increase of 35,000 from the previous week’s revised level. The previous week’s level was revised up 8,000 from 1,828,000 to 1,836,000. The 4-week moving average was 1,861,500, a decrease of 12,750 from the previous week’s revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week’s average was revised down by 6,250 from 1,880,500 to 1,874,250.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up 1.1 cents at $2.646 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

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -12.95% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,875K, 1,828K

12:30 Core PCE Price Index (MoM) (Feb), 0.2%, 0.3%

12:30 Core PCE Price Index (YoY) (Feb), 1.6%, 1.5%

12:30 Initial Jobless Claims, 230K, 229K

12:30 Jobless Claims 4-Week Avg., 223.75K

12:30 PCE Deflator (MoM), 0.2%, 0.4%

12:30 PCE Deflator (YoY), 1.7%, 1.7%

12:30 Personal Income (MoM) (Feb), 0.4%, 0.4%

12:30 Personal Spending (MoM) (Feb), 0.2%, 0.2%

12:30 Real Personal Consumption (MoM) (Feb), 0.1%, -0.1%

13:00 Dallas Fed PCE (Feb), 2.70%

13:45 Bloomberg Consumer Confidence, 56.8

13:45 Chicago PMI (Mar), 62.0, 61.9

14:00 Michigan 5-Year Inflation Expectations (Mar), 2.50%

14:00 Michigan Consumer Expectations (Mar), 88.6

14:00 Michigan Consumer Sentiment (Mar), 102.0, 102.0

14:00 Michigan Current Conditions (Mar), 122.8

14:00 Michigan Inflation Expectations (Mar), 2.9%

14:30 ECRI Weekly Annualized (WoW), 5.5%

14:30 ECRI Weekly Index, 149.5

14:30 Natural Gas Storage, -70B, -86B

17:00 U.S. Baker Hughes Oil Rig Count, 804

17:00 FOMC Member Harker Speaks

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