The Dow Market Happenings For Thursday, August 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 -8 points.

Wednesday the Dow was down -88.69 (-0.34%) at 25,733.60.

Year-to-date the Dow is up +4.10%.

There were 8 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Exxon Mobil (XOM) +1.43% and Microsoft (MSFT) +1.02%.

The Dow stock losers Wednesday were led by United Technologies (UTX) -2.02% and Travelers (TRV) -1.75%.

Unemployment insurance weekly claims in the week ending August 18, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000 from the previous week’s unrevised level of 212,000. The 4-week moving average was 213,750, a decrease of 1,750 from the previous week’s unrevised average of 215,500. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 11, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 11 was 1,727,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up 8,000 from 1,721,000 to 1,729,000. The 4-week moving average was 1,735,500, a decrease of 5,000 from the previous week’s revised average. The previous week’s average was revised up by 2,000 from 1,738,500 to 1,740,500.

European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up twp-tenths of a cent at $2.829 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +16.15% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,731K, 1,721K

12:30 Initial Jobless Claims, 215K, 212K

12:30 Jobless Claims 4-Week Avg., 215.50K

13:00 House Price Index (YoY) (Jun), 6.4%

13:00 House Price Index (MoM) (Jun), 0.3%, 0.2%

Tentative Jackson Hole Symposium

13:00 House Price Index (Jun), 263.3

13:45 Bloomberg Consumer Confidence, 62.1

13:45 Manufacturing PMI (Aug), 55.1, 55.3

13:45 Markit Composite PMI, 56.3, 55.7

13:45 Services PMI (Aug), 55.9 56.0

14:00 New Home Sales (MoM) (Jul), 2.2%, -5.3%

14:00 New Home Sales (Jul), 643K, 631K

14:30 Natural Gas Storage, 48B, 33B

15:00 KC Fed Composite Index (Aug), 23

15:00 KC Fed Manufacturing Index (Aug), 22

17:00 5-Year TIPS Auction, 0.631%

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