DJIA Market Happenings For Wednesday, May 23, 2018

Dow stocks at 52 week highs include American Express (AXP) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -177 points.

Tuesday the Dow was down -178.88 (-0.72%) at 24,834.41.

Year-to-date the Dow is up +0.47%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +0.78% and JPMorgan (JPM) +0.77%.

The Dow stock losers Tuesday were led by Boeing (BA) -2.45% and Caterpillar (CAT) -1.71%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up 1.5 cents at $2.947 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -7.36% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.86%, 4.77%

11:00 MBA Mortgage Applications (WoW), -2.6%, -2.7%

11:00 MBA Purchase Index, 247.4, 252.4

11:00 Mortgage Market Index, 366.7, 376.5

11:00 Mortgage Refinance Index, 1,018.1, 1,057.1

41 min Manufacturing PMI (May), 56.6, 56.5

41 min Markit Composite PMI, 55.0, 54.9

41 min Services PMI (May) , 54.9, 54.6

56 min New Home Sales (MoM) (Apr), -2.0%, 4.0%

56 min New Home Sales (Apr), 680K, 694K

14:30 Crude Oil Inventories, -1.567M, -1.404M

14:30 Crude Oil Imports, -0.411M

14:30 Cushing Crude Oil Inventories, 0.053M

14:30 Distillate Fuel Production, 0.038M

14:30 EIA Weekly Distillates Stocks, -1.335M, -0.092M

14:30 Gasoline Production, 0.488M

14:30 Heating Oil Stockpiles, -0.310M

14:30 Gasoline Inventories, -1.388M, -3.790M

17:00 5-Year Note Auction, 2.837%

18:00 FOMC Meeting Minutes

18:15 FOMC Member Kashkari Speaks

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