The Dow Market Happenings For Thursday, October 17, 2019

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +66 points.

Wednesday the Dow was down -22.82 (-0.08%) at 27,001.98.

Year-to-date the Dow is up +15.75%.

There were 25 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Johnson & Johnson (JNJ) +1.75%, Cisco (CSCO) +093% and Disney (DIS) +0.85%.

The Dow stock losers Wednesday were led by Exxon Mobil (XOM) -1.71%, Chevron (CVX) -1.03% and Microsoft (MSFT) -0.82%.

Unemployment insurance weekly claims in the week ending October 12, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 4,000 from the previous week’s unrevised level of 210,000. The 4-week moving average was 214,750, an increase of 1,000 from the previous week’s unrevised average of 213,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 5, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 5 was 1,679,000, a decrease of 10,000 from the previous week’s revised level. The previous week’s level was revised up 5,000 from 1,684,000 to 1,689,000. The 4-week moving average was 1,669,750, an increase of 3,500 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 1,665,000 to 1,666,250.

Chicago Fed President Charles Evans finds the last two interest rate cuts “appropriate,” but doesn’t see the need for additional cuts through the end of 2020.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $2.658 per gallon.

Earnings Reports

Goldman Sachs (GS) reported earnings on 10/15/2019 before the open of $4.79, missing estimates calling for $4.81 per share.

Johnson & Johnson (JNJ) reported earnings on 10/15/2019 before the open of $2.12, beating estimates calling for $2.048 per share.

JPMorgan (JPM) reported earnings on 10/15/2019 before the open of $2.68, beating estimates calling for $2.483 per share.

UnitedHealth (UNH) reported earnings on 10/15/2019 before the open of $3.88, beating estimates of $3.783 per share.

IBM (IBM) reported earnings on 10/16/2019 after the market close of $2.68, just missing estimates calling for $2.69 per share.

American Express (AXP) reports earnings on 10/18/2019 before the market open.

Coca Cola (KO) reports earnings on 10/18/2019 before the market open.

United Technologies (UTX) reports earnings on 10/22/2019 before the market open.

Procter & Gamble (PG) reports earnings on 10/22/2019 before the market open.

McDonald’s (MCD) reports earnings on 10/22/2019 before the market open.

Travelers (TRV) reports earnings on 10/22/2019 before the market open.

Boeing (BA) reports earnings on 10/23/2019 before the market open.

Caterpillar (CAT) reports earnings on 10/23/2019 before the market open.

Microsoft reports earnings on 10/23/2019 after the market close.

Dow (DOW) reports earnings on 10/24/2019 before the market open.

3M (MMM) reports earnings on 10/24/2019 before the market open.

Intel (INTC) reports earnings on 10/24/2019 after the market close.

Visa (V) reports earnings on 10/24/2019 after the market close.

Verizon (VZ) reports earnings on 10/25/2019 before the market open.

Walgreens (WBA) reports earnings on 10/28/2019 before the market open.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -14.88% year-to-date.

Financial Calendar

8:30 AM ET Housing Starts

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Business Outlook Survey

9:15 AM ET Industrial Production

10:30 AM ET EIA Natural Gas Report

11:00 AM ET EIA Petroleum Status Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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