DJIA Market Happenings For Wednesday, June 20, 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 +116 points.

Tuesday the Dow was down -287.26 (-1.15%) at 24,700.21.

Year-to-date the Dow is down -0.08%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +2.19% and Johnson & Johnson (JNJ) +1.03%.

The Dow stock losers Tuesday were led by Boeing (BA) -3.84% and Caterpillar (CAT) -3.62%.

Boeing (BA -3.84%) announced that it will sell FedEx 24 cargo aircraft in a deal worth $6.6 billion.

Disney (DIS) has boosted its bid for the studio and cable network assets of 21st Century Fox to $71.3 billion in cash and stock.

S&P Dow Jones Indices said General Electric (GE) will be replaced by Walgreens (WBA) on June 26.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.878 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/28/2018 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is down -4.973% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.83%

11:00 MBA Mortgage Applications (WoW), -1.5%

11:00 MBA Purchase Index, 249.0

11:00 Mortgage Market Index, 365.3

11:00 Mortgage Refinance Index, 992.2

13:30 Fed Chair Powell Speaks

14:00 Existing Home Sales (May), 5.55M, 5.46M

14:00 Existing Home Sales (MoM) (May), 1.5%, -2.5%

14:30 Crude Oil Inventories, -1.898M -4.143M

14:30 Crude Oil Imports, -0.563M

14:30 Cushing Crude Oil Inventories, -0.687M

14:30 Distillate Fuel Production, -0.213M

14:30 EIA Weekly Distillates Stocks, -0.164M, -2.101M

14:30 Gasoline Production, 0.793M

14:30 Heating Oil Stockpiles, 0.040M

14:30 Gasoline Inventories, 0.188M, -2.271M

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