DJIA Market Happenings For Thursday, August 30, 2018

Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Cisco (CSCO), Microsoft (MSFT), UnitedHealth (UNH) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -62 points.

Wednesday the Dow was up +60.55 (+0.23%) at 26,124.57.

Year-to-date the Dow is up +5.69%.

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +1.60% and Apple (AAPL) +1.49%.

The Dow stock losers Wednesday were led by Walgreens (WBA) -0.89% and United Technologies (UTX) -0.65%.

Unemployment insurance weekly claims in the week ending August 25, the advance figure for seasonally adjusted initial claims was 213,000, an increase of 3,000 from the previous week’s unrevised level of 210,000. The 4-week moving average was 212,250, a decrease of 1,500 from the previous week’s unrevised average of 213,750. This is the lowest level for this average since December 13, 1969 when it was 210,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 18, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 18 was 1,708,000, a decrease of 20,000 from the previous week’s revised level. The previous week’s level was revised up 1,000 from 1,727,000 to 1,728,000. The 4-week moving average was 1,731,250, a decrease of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 1,735,500 to 1,735,750.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up one-tenth of a cent at $2.838 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +3.10% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,725K, 1,727K

12:30 Core PCE Price Index (MoM) (Jul), 0.2%, 0.1%

12:30 Core PCE Price Index (YoY) (Jul), 2.0%, 1.9%

12:30 Initial Jobless Claims, 214K, 210K

12:30 Jobless Claims 4-Week Avg., 213.75K

12:30 PCE Deflator (MoM), 0.1%

12:30 PCE Deflator (YoY), 2.2%

12:30 Personal Income (MoM) (Jul) , 0.3%, 0.4%

12:30 Personal Spending (MoM) (Jul), 0.4%, 0.4%

12:30 Real Personal Consumption (MoM) (Jul), 0.3%

13:45 Bloomberg Consumer Confidence, 62.1

14:30 Natural Gas Storage, 64B, 48B

Tentative Dallas Fed PCE (Jul), 2.20%

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