The Dow Market Happenings For Wednesday, April 4, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Merck (MRK).

The Market

Premarket today, the Dow was indicated to open down -507 points.

Tuesday the Dow was up +389.17 (+1.65%) at 24,033.36.

Year-to-date the Dow is down -4.35%.

There were 29 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) +4.02%, UnitedHealth (UNH) +3.40%, Johnson & Johnson (JNJ) +3.04% and Boeing (BA) +2.60%.

The Dow stock loser Tuesday was IBM (IBM) -0.15%.

Boeing (BA +2.60%) is sharply lower in premarket trading after China said it would slap a 25% tariff on U.S. products including aircraft.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.658 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.

JPMorgan (JPM) reports earnings on 4/13/2018 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is down -8.32% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.69%

11:00 MBA Mortgage Applications (WoW), 4.8%

11:00 MBA Purchase Index, 257.6

11:00 Mortgage Market Index, 401.3

11:00 Mortgage Refinance Index, 1,188.5

12:15 ADP Nonfarm Employment Change (Mar), 205K, 235K

13:45 FOMC Member Bullard Speaks

13:45 Markit Composite PMI (Mar), 54.3

13:45 Services PMI (Mar), 54.3, 54.1

14:00 Cap Goods Ship Non Defense Ex Air (MoM), 1.4%, 1.4%

14:00 Durable Goods Orders (MoM), 3.1%

14:00 Factory Orders (MoM) (Feb), 1.7%, -1.4%

14:00 Factory orders ex transportation (MoM) (Feb), 0.4%

14:00 ISM Non-Manufacturing Business Activity (Mar), 62.3, 62.8

14:00 ISM Non-Manufacturing Employment (Mar), 55.0

14:00 ISM Non-Manufacturing New Orders (Mar), 64.8

14:00 ISM Non-Manufacturing PMI (Mar), 59.2, 59.5

14:00 ISM Non-Manufacturing Prices (Mar), 61.0

14:30 Crude Oil Inventories, 0.246M, 1.643M

14:30 Crude Oil Imports, 1.066M

14:30 Cushing Crude Oil Inventories, 1.804M

14:30 Distillate Fuel Production, 0.341M

14:30 EIA Weekly Distillates Stocks, -1.134M, -2.090M

14:30 Gasoline Production, 0.373M

14:30 Heating Oil Stockpiles, -0.526M

14:30 Gasoline Inventories, -1.264M, -3.472M

15:00 FOMC Member Mester Speaks

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