The Dow Market Happenings For Wednesday, October 17, 2018

Dow stocks at 52 week highs include UnitedHealth (UNH) up +4.73% today. Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -127 points.

Tuesday the Dow was up +547.87 (+2.17%) at 25,798.42.

Year-to-date the Dow is up +4.37%.

All 30 Dow stocks were up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +4.73%, Nike (NKE) +3.32%, Visa (V) +3.29%, Intel (INTC) +3.17%, Microsoft (MSFT) +3.16% and Goldman Sachs (GS) +3.01%.

The were no Dow stock losers Tuesday.

International Business Machines (IBM +2.83%) dropped 4% in after-hours trading after it reported Q3 revenue of $18.76 billion, weaker than consensus of $19.08 billion.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down six-tenths of a cent at $2.879 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

IBM (IBM) reported earnings on 10/16/18 after the market close of $3.42, missing estimates of $3.434 per share.

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Microsoft (MSFT) reports earnings on 10/24/2018 after the market close.

Visa (V) reports earnings on 10/24/2018 after the market close.

Merck (MRK) reports earnings on 10/25/2018 before the market open.

Visa (V) reports earnings on 10/25/2018 after the market close.

Coca Cola (KO) reports earnings on 10/30/2018 before the market open.

Pfizer (PFE) reports earnings on 10/30/2018 before the market open.

Intel (INTC) reports earnings on 11/1/2018 after the market close.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +1.45% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 5.05%

11:00 MBA Mortgage Applications (WoW), -1.7%

11:00 MBA Purchase Index, 238.0

11:00 Mortgage Market Index, 346.7

11:00 Mortgage Refinance Index, 921.2

12:30 Building Permits (Sep), 1.278M, 1.249M

12:30 Building Permits (MoM) (Sep), 2.1%, -5.7%

12:30 Housing Starts (Sep), 1.220M, 1.282M

12:30 Housing Starts (MoM) (Sep), -4.5%, 9.2%

14:30 Crude Oil Inventories, 2.167M, 5.987M

14:30 Crude Oil Imports, -1.421M

14:30 Cushing Crude Oil Inventories, 2.359M

14:30 Distillate Fuel Production, -0.001M

14:30 EIA Weekly Distillates Stocks, -1.280M, -2.666M

14:30 Gasoline Production, -0.239M

14:30 Heating Oil Stockpiles, 0.601M

14:30 Gasoline Inventories, -1.074M, 0.951M

16:10 FOMC Member Brainard Speaks

18:00 FOMC Meeting Minutes

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