The Dow Market Happenings For Wednesday, July 11, 2018

Dow stocks at 52 week highs include Visa (V) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -225 points.

Tuesday the Dow was up +143.07 (+0.58%) at 24,919.66.

Year-to-date the Dow is up +0.81%.

There were again 25 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Procter & Gamble (PG) +2.52% and DowDuPont (DWDP) +1.59%.

The Dow stock losers Tuesday were led by Walgreens (WBA) -0.83% and JPMorgan (JPM) -0.62%.

Boeing (BA +1.53%) slid -0.2% in after-hours trading after JetBlue said it was ordering 60 of Airbus’s A220 jets, a rival of Boeing.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up a penny at $2.872 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) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reports earnings on 7/13/2018 before the market open.

Goldman Sachs (GS) reports earnings on 7/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 7/17/2018 before the market open.

American Express (AXP) reports earnings on 7/18/2018 after the market close.

IBM (IBM) reports earnings on 7/18/2018 after the market close.

Microsoft (MSFT) reports earnings on 7/19/2018 after the market close.

Travelers (TRV) reports earnings on 7/19/2018 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +24.01% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.79%

11:00 MBA Mortgage Applications (WoW), -0.5%

11:00 MBA Purchase Index, 245.5

11:00 Mortgage Market Index, 363.6

11:00 Mortgage Refinance Index, 996.0

11:20 OPEC Monthly Report

12:30 Core PPI (MoM) (Jun), 0.2%, 0.3%

12:30 Core PPI (YoY) (Jun), 2.6%, 2.4%

12:30 PPI (YoY) (Jun), 3.2%, 3.1%

12:30 PPI (MoM) (Jun), 0.2%, 0.5%

14:00 Wholesale Inventories (MoM) (May), 0.5%, 0.5%

14:00 Wholesale Trade Sales (MoM), 0.8%

14:30 Crude Oil Inventories, -4.489M, 1.245M

14:30 Crude Oil Imports, 1.363M

14:30 Cushing Crude Oil Inventories, -2.113M

14:30 Distillate Fuel Production, 0.067M

14:30 EIA Weekly Distillates Stocks, 1.200M, 0.134M

14:30 Gasoline Production, 0.169M

14:30 Heating Oil Stockpiles, 0.104M

14:30 Gasoline Inventories, -0.750M, -1.505M

16:30 FOMC Member Bostic Speaks

17:00 10-Year Note Auction, 2.962%

20:30 FOMC Member Williams Speaks

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