The Dow Market Happenings For Friday, May 27, 2016

mg src=”http://finviz.com/image.ashx?dow&rev=634553589631562500″ title=”The Dow Market Happenings For Friday, May 27, 2016″/>

Dow stocks at 52 week highs include Exxon Mobil (XOM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +18 points.

Thursday the Dow was down -23.22 (-0.13%) at 17,828.29.

Year-to-date the Dow is up +2.31%.

There were 12 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) +0.79% and Home Depot (HD) +0.70%.

The Dow stock losers Thursday were led by Dupont (DD) -1.86% and Goldman Sachs (GS)-1.26%.

The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated. Gross domestic product rose at a 0.8 percent annualized rate in the three months ended in March, the smallest gain in a year, Commerce Department figures showed Friday. That compares with the 0.5 percent advance the government reported last month.

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

The national average price of gasoline is up six-tenths of a cent at $2.319 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -6.21% year-to-date.

Financial Calendar

0830 ET Revised Q1 GDP expected +0.9% (q/q annualized), previous +0.5%. Q1 personal consumption expected +2.1%, previous +1.9%. Q1 GDP price index, previous +0.7%. Q1 core PCE, previous +2.1% q/q.

1000 ET Final-May University of Michigan U.S. consumer sentiment index expected -0.4 to 95.4, prelim-May +6.8 to 95.8.

1315 ET Fed Chair Yellen will speak at Harvard Universitys Radcliffe Day.

DJIA Market Happenings For Thursday, May 26, 2016

mg src=”http://finviz.com/image.ashx?dow&rev=634553589631562500″ title=”DJIA Market Happenings For Thursday, May 26, 2016″/>

Dow stocks at 52 week highs include Exxon Mobil (XOM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +29 points.

Wednesday the Dow was up +145.46 (+0.82%) at 17,851.51.

Year-to-date the Dow is up +2.45%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +2.32% and IBM (IBM) +2.28%.

The Dow stock losers Wednesday were led by Nike (NKE) -1.06% and McDonald’s (MCD) -0.56%.

Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 268,000 for the week ended May 21, the Labor Department said on Thursday. Claims for the prior week were not revised. Economists had forecast initial claims falling to 275,000 in the latest week. Claims have now been below 300,000, a threshold associated with a strong job market, for 64 straight weeks, the longest stretch since 1973. The four-week moving average of claims rose 2,750 to 278,500 last week.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up nine-tenths of a cent at $2.313 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 4/13/2016 before the market open of $1.35, beating estimates of $1.259 per share.

IBM (IBM) reported earnings on 4/18/2016 after the market open of $2.35, beating estimates of $2.085 per share.

Goldman Sachs (GS) reported earnings on 4/19/2016 before the market open of $2.68, beating estimates for $2.566 per share.

Intel (INTC) reported earnings on 4/19/2016 after the market open of $0.54, beating estimates for $0.47 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2016 before the market open of $1.72, beating estimates for $1.639 per share.

UnitedHealth (UNH) reported earnings on 4/19/2016 before the market open of $1.81, beating estimates for $1.721 per share.

Coca Cola (KO) reported earnings on 4/20/2016 before the market open of $0.45, beating estimates of $0.44 per share.

American Express (AXP) reported earnings on 4/20/2016 after the market close of $1.45, beating estimates of $1.355 per share.

Travelers (TRV) reported earnings on 4/21/2016 before the market open of $2.30, missing estimates of $2.568 per share.

Verizon (VZ) reported earnings on 4/21/2016 before the market open of $1.06, meeting estimates of $1.064 per share.

Microsoft (MSFT) reported earnings on 4/21/2016 after the market open of $0.62, almost meeting expectations for $0.625 per share.

Visa (V) reported earnings on 4/21/2016 after the market open of $0.68, beating estimates of $0.663 per share.

Caterpillar (CAT) reported earnings on 4/22/2016 before the market open of $0.46, missing estimates of $0.67 per share.

General Electric (GE) reports earnings on 4/22/2016 before the market open of $0.21, barely beating estimates of $0.206 per share.

McDonald’s reported earnings on 4/22/2016 before the market open of $1.23, beating estimates of $1.169 per share.

Apple (AAPL) reported earnings on 4/25/2016 after the market close of $1.90, missing estimates calling for $1.97 per share.

3M (MMM) reported earnings on 4/26/2016 before the market open of $2.05, beating estimates of $1.924 per share..

Dupont (DD) reported earnings on 4/26/2016 before the market open of $1.26, beating estimates calling for $1.02 per share.

Procter & Gamble (PG) reported earnings on 4/26/2016 before the market open of $0.89, beating estimates of $0.81 per share..

Boeing (BA) reported earnings on 4/27/2016 before the market open of $1.74, missing estimates calling for $1.806 per share.

United Technologies (UTX) reported earnings on 4/27/2016 before the market open of $1.47, beating estimates of $1.387 per share.

Chevron (CVX) reported earnings on 4/29/2016 before the market open of -$0.39, missing estimates for -$0.139 per share.

Exxon Mobil (XOM) reported earnings on 4/29/2016 before the market open of $0.43, beating estimates of $0.306 per share.

Pfizer (PFE) reported earnings on 5/3/2016 before the market open of $0.67, beating estimates of $0.47 per share.

Merck (MRK) reported earnings on 5/5/2016 before the market open of $0.89, beating estimates calling for $0.853 per share.

Disney (DIS) reported earnings on 5/10/2016 after the market close of $1.36, missing estimates calling for $1.404 per share.

Home Depot (HD) reports\ed earnings on 5/17/2016 before the market open of $1.44, beating estimates of $1.35 per share.

Cisco (CSCO) reported earnings on 5/18/2016 after the close of $0.57, beating estimates calling for $0.502 per share.

Wal-Mart (WMT) reported earnings on 5/19/2016 before the market open of $0.98, beating estimates of $0.877 per share.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is up +12.85% year-to-date.

Financial Calendar

0610 ET St. Louis Fed President James Bullard (voter) delivers a presentation to the Official Monetary and Financial Institutions Forum in Singapore.

0830 ET Weekly initial unemployment claims expected -3,000 to 275,000, previous -16,000 to 278,000. Weekly continuing claims expected -12,000 to 2.140 million, previous -13,000 to 2.152 million.

0830 ET Apr durable goods orders expected +0.5% and +0.3% ex transportation, Mar +0.8% and -0.2% ex transportation. Apr capital goods orders non-defense ex-aircraft expected +0.3%, Mar +0.1%

0830 ET USDA weekly Export Sales.

1000 ET Apr pending home sales expected +0.7% m/m and +0.1% y/y, Mar +1.4% m/m and +2.9% y/y

1100 ET May Kansas City Fed manufacturing activity expected +1 to -3, Apr +2 to -4.

1200 ET Fed Governor Jerome Powell will discuss Recent Economic Developments, the Productive Potential of the Economy, and Monetary Policy at the Peterson Institute for International Economics in Washington D.C.

1300 ET Treasury auctions $28 billion of 7-year T-notes.