The Dow Market Happenings For Friday, June 15, 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 down -188 points.

Thursday the Dow was down -25.89 (-0.10%) at 25,175.31.

Year-to-date the Dow is up +1.85%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Disney (DIS) +2.30% and Cisco (CSCO) +1.55%.

The Dow stock losers Thursday were led by General Electric (GE) -1.80% and JPMorgan (JPM) -1.76%.

President Trump reportedly has approved the final list of $50 billion worth of Chinese products that will be subject to a 25% tariff. The list of those products is due to be released today with implementation shortly thereafter. In addition, the Trump administration is close to completing the list of the additional $100 billion worth of Chinese products that will be subject to a 25% tariff if China retaliates for the tariff on the first $50 billion of Chinese products. The U.S. tariff on the additional $100 billion of Chinese products will need to go through the same 60-day comment period as the first set, providing some more time for negotiations.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.904 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is down -2.82% year-to-date.

Financial Calendar

12:30 NY Empire State Manufacturing Index (Jun), 19.10, 20.10

13:15 Capacity Utilization Rate (May), 78.1%, 78.0%

13:15 Industrial Production (MoM) (May), 0.2%, 0.7%

13:15 Manufacturing Production (MoM) (May), 0.1%, 0.5%

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

14:00 Michigan Consumer Expectations (Jun), 89.7, 89.1

14:00 Michigan Consumer Sentiment (Jun), 98.5, 98.0

14:00 Michigan Current Conditions (Jun), 113.0, 111.8

14:00 Michigan Inflation Expectations (Jun), 2.8%

14:30 ECRI Weekly Annualized (WoW), 2.6%

14:30 ECRI Weekly Index, 148.7

17:00 U.S. Baker Hughes Oil Rig Count, 862

19:30 CFTC Copper speculative net positions, 47.7K

19:30 CFTC Crude Oil speculative net positions, 583.6K

19:30 CFTC Gold speculative net positions, 111.4K

19:30 CFTC S&P 500 speculative net positions, 162.1K

19:30 CFTC Silver speculative net positions, 19.4K

20:00 US Foreign Buying, T-bonds (Apr), -4.90B

20:00 Overall Net Capital Flow (Apr), -38.50B

20:00 TIC Net Long-Term Transactions (Apr), 58.5B, 61.8B

20:00 TIC Net Long-Term Transactions including Swaps (Apr), 48.40B

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