DJIA Market Happenings For Thursday, November 29, 2018

Dow stocks at 52 week highs include American Express (AXP), Merck (MRK), UnitedHealth (UNH) and Walgreens (WBA). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -39 points.

Wednesday the Dow was up +617.70 (+2.50%) at 25,336.43.

Year-to-date the Dow is up +2.62%.

There were 29 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Boeing (BA) +4.86%, Visa (V) +4.02%, Apple (AAPL) +3.85%, Microsoft (MSFT) +3.71% and IntedHealth (UNH) +3.61%.

The Dow stock loser Wednesday was Verizon (VZ) -0.97%.

Unemployment insurance weekly claims in the week ending November 24, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 10,000 from the previous week’s unrevised level of 224,000. The 4-week moving average was 223,250, an increase of 4,750 from the previous week’s unrevised average of 218,500. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 17, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 17 was 1,710,000, an increase of 50,000 from the previous week’s revised level. The previous week’s level was revised down by 8,000 from 1,668,000 to 1,660,000. The 4-week moving average was 1,667,750, an increase of 19,750 from the previous week’s revised average. The previous week’s average was revised down by 1,750 from 1,649,750 to 1,648,000.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.6 cents at $2.511 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is down -3.79% year-to-date.

Financial Calendar

13:30 Continuing Jobless Claims, 1,664K, 1,668K

13:30 Core PCE Price Index (MoM) (Oct), 0.2%, 0.2%

13:30 Core PCE Price Index (YoY) (Oct), 1.9%, 2.0%

13:30 Initial Jobless Claims, 221K, 224K

13:30 Jobless Claims 4-Week Avg., 218.50K

13:30 PCE Deflator (YoY), 2.1%, 2.0%

13:30 PCE Deflator (MoM), 0.2%, 0.1%

13:30 Personal Income (MoM) (Oct), 0.4%, 0.2%

13:30 Personal Spending (MoM) (Oct), 0.4%, 0.4%

13:30 Real Personal Consumption (MoM) (Oct), 0.3%

15:00 Pending Home Sales (MoM) (Oct), 0.8%, 0.5%

15:00 Pending Home Sales Index (Oct), 104.6

15:30 Natural Gas Storage, -77B, -134B

Tentative Dallas Fed PCE (Oct), 1.40%

19:00 Chicago Fed President Evans Speaks

19:00 FOMC Meeting Minutes

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