The Dow Market Happenings For Thursday, June 28, 2018

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

The Market

Premarket today, the Dow was indicated to open down -146 points.

Wednesday the Dow was down -165.52 (-0.68%) at 24,117.59.

Year-to-date the Dow is down -1.76%.

There were 4 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Chevron (CVX) +1.48% and Exxon Mobil (XOM) +1.33%.

The Dow stock losers Wednesday were led by McDonald’s (MCD) -2.17% and Intel (INTC) -1.83%.

New Dow component Walgreens Boots Alliance (WBA) is up more than 2% in premarket trading after it reported better-than-expected Q3 EPS and boosted its quarterly dividend.

Unemployment insurance weekly claims in the week ending June 23, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 9,000 from the previous week’s unrevised level of 218,000. The 4-week moving average was 222,000, an increase of 1,000 from the previous week’s unrevised average of 221,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 16, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 16 was 1,705,000, a decrease of 21,000 from the previous week’s revised level. The previous week’s level was revised up 3,000 from 1,723,000 to 1,726,000. The 4-week moving average was 1,719,500, a decrease of 3,750
from the previous week’s revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week’s average was revised up by 750 from 1,722,500 to 1,723,250.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.848 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

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

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +3.602% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,725K, 1,723K

12:30 Core PCE Prices (Q1), 2.30%, 2.30%

12:30 Corporate Profits (QoQ) (Q1), 1.9%, 5.9%

12:30 GDP (QoQ) (Q1), 2.2%, 2.2%

12:30 GDP Price Index (QoQ) (Q1), 1.9%, 1.9%

12:30 GDP Sales (Q1), 2.2%, 2.0%

12:30 Initial Jobless Claims, 220K, 218K

12:30 Jobless Claims 4-Week Avg., 221.00K

12:30 PCE Prices (Q1), 2.6%, 2.6%

12:30 Real Consumer Spending (Q1), 1.0%

13:45 Bloomberg Consumer Confidence, 56.5

14:30 Natural Gas Storage, 71B, 91B

14:45 FOMC Member Bullard Speaks

15:00 KC Fed Composite Index (Jun), 29

15:00 KC Fed Manufacturing Index (Jun), 41

16:00 FOMC Member Bostic Speaks

17:00 7-Year Note Auction, 2.930%

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