The Dow Market Happenings For August 27, 2015

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 +221 points.

Wednesday, the Dow was up +619.07 (+3.95%) at 16,285.51.

Year-to-date the Dow is down -8.63%.

All 30 Dow stocks were up Wednesday.

Dow stock winners Wednesday were Merck (MRK) +6.35%, Apple (AAPL) +5.74%, Visa (V) +5.55%, Microsoft (MSFT) +5.53%, Intel (INTC) +5.53%, Exxon Mobil (XOM) +5.52%, Nike (NKE) +5.05% and JPMorgan (JPM) +5.01%.

Therre were no Dow stock losers Wednesday.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down 2.2 cents at $2.534 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 down -3.46% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -2,000 to 275,000, previous +4,000 to 277,000. Weekly continuing claims expected -7,000 to 2.247 million, previous -24,000 to 2.254 million.

0830 ET Revised Q2 GDP expected +3.2% (q/q annualized), previous +2.3%. Revised Q2 personal consumption expected +3.0%, previous +2.9%. Revised Q2 GDP price index, previous +2.0%. Revised Q2 core PCE deflator, previous +1.8% q/q.

0830 ET USDA weekly Export Sales.

1000 ET Jul pending home sales expected +1.0% m/m and +8.3% y/y, Jun -1.8% m/m and +11.1% y/y.

1100 ET Aug Kansas City Fed manufacturing activity expected +3 to -4, Jul +2 to -7.

1300 ET Treasury auctions $29 billion of 7-year T-notes.

n/a Annual Kansas City Fed symposium in Jackson Hole, WY.

DJIA Market Happenings For Wednesday, August 26, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open up +358 points.

Tuesday, the Dow was down -204.91 (-1.29%) at 15,666.44.

Year-to-date the Dow is down -12.10%.

There were 2 Dow stocks up Tuesday.

Dow stock winners Tuesday were Apple (AAPL) +0.60% and Disney (DIS) +0.56%).

Dow stock losers Tuesday were led by Merck (MRK) -5.22% and Chevron (CVX) -2.91%.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 2.1 cents at $2.556 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +8.79% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +3.6% with purchase sub-index -1.1% and refi sub-index +7.2%.

0830 ET Jul durable goods orders expected -0.4% and +0.4% ex-transportation, Jun +3.4% and +0.6% ex transportation. Jul capital goods new orders non-defense ex-aircraft & parts expected +0.3%, Jun +0.7%.

1000 ET New York Fed President William Dudley answers questions after a press briefing on the local and regional economy.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion of 2-year floating rate notes.

1300 ET Treasury auctions $35 billion of 5-year T-notes.

The Dow Market Happenings For Tuesday, August 25, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include AAPL, AXP, BA, CAT, CVX, DD, GE, IBM, INTC, JNJ, JPM, KO, MCD, MRK, MSFT, PG, UTX, VZ, WMT and XOM. That’s two-thirds of the Dow 30 stocks at year lows.

The Market

Premarket today, the Dow was indicated to open up +580 points.

Monday, the Dow was down -588.40 (-3.57%) at 15,871.35.

Year-to-date the Dow is down -10.95%.

There were no Dow stocks up Monday.

There were no Dow stock winners Monday

Dow stock losers Monday were led by JPMorgan (JPM) -5.27%, UnitedHealth (UNH) -5.03%, Cisco (CSCO) -4.84%, Chevron (CVX) -4.80% and Exxon Mobil (XOM) -4.73%. Also down more than 4% were GS, MCD, PFE and TRV.

China’s central bank cut its benchmark lending and deposit rates by 0.25 percentage point.

Apple (AAPL -2.50%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo.

JPMorgan Chase (JPM -5.27%) was upgraded to ‘Buy’ from ‘Outperform’ at CLSA.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is down 1.8 cents at $2.577 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 -20.98% year-to-date.

Financial Calendar

0900 ET Jun FHFA house price index expected +0.4% m/m, May +0.4% m/m.

0900 ET Jun S&P CaseShiller composite-20 home price index expected +0.10% m/m and +5.10% y/y, May -0.18% m/m and +4.94% y/y.

0945 ET Aug Markit services PMI expected -0.6 to 55.1, Jul +0.9 to 55.7. Aug Markit composite PMI, Jul +1.1 to 5

1000 ET Jul new home sales expected +5.8% to 510,000, Jun -6.8% to 482,000.

1000 ET Aug consumer confidence (Conference Board) expected +2.5 to 93.4, Jul -8.9 to 90.9.

1000 ET Aug Richmond Fed manufacturing index expected -3 to 10, Jul +7 to 13.

1000 ET U.S. Congressional Budget Office releases budget and economic outlook.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

DJIA Market Happenings For Monday, August 24, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Chevron (CVX), Exxon Mobil (XOM), Procter & Gamble (PG), UnitedTechnologies (UTX), Intel (INTC), Wal-Mart (WMT), Dupont (DD) and IBM (IBM). It was a rough day Friday. The VIX jumped +46.45% to end at 28.03.

The Market

Premarket today, the Dow was indicated to open down -852 points. The most I’ve ever seen.

Friday, the Dow was down -530.94 (-3.12%) at 16,459.75.

Year-to-date the Dow is down -7.65%.

There were no Dow stocks up Friday.

There were no Dow stock winners Friday

Dow stock losers Friday were led by Apple (AAPL) -6.12%, Microsoft (MSFT) -5.67%, Nike (NKE) -4.84%, Goldman Sachs (GS) -4.58% and Chevron (CVX) -4.39%.

In the first couple of minutest in trading the Dow dropped -1000 points. The Russell 2000 was down -45 but didn’t print for several minutes though. The Nasdaq was down -7.7%. The VIX hasn’t printed yet either.

Glad I only bought a little of the blood on Friday.

Chevron (CVX -4.39%) was upgraded to ‘Neutral’ from ‘Underperform’ at BofA/Merrill Lynch.

Nike (NKE -4.84%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Telsey Advisory.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down eight-tenths of a cent at $2.595 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -2.76% year-to-date.

Financial Calendar

0830 ET Jul Chicago Fed national activity index expected +0.12 to 0.20, Jun +0.15 to 0.08.

1100 ET USDA weekly grain export inspections.

1555 ET Atlanta Fed President Dennis Lockhart speaks to the 2015 Public Pension Funding Forum.

1600 ET USDA weekly crop progress.

The Dow Market Happenings For Friday, Augusy 21, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Chevron (CVX), Exxon Mobil (XOM), Procter & Gamble (PG), UnitedTechnologies (UTX) and Intel (INTC).

The Market

Premarket today, the Dow was indicated to open down -83 points.

Thursday, the Dow was down -162.61 (-0.93%) at 17,348.73.

Year-to-date the Dow is down -4.67%.

There were no Dow stocks up Thursday.

There were no Dow stock winners Thursday

Dow stock losers Thursday were led by Disney (DIS) -6.04%, Merck (MRK) -4.54% and Boeing (BA) -3.99%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down 1.8 cents at $2.632 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is down -18.86% year-to-date.

Financial Calendar

0945 ET Aug Markit manufacturing PMI expected +0.1 to 53.9, Jul 53.8.

1500 ET USDA Jul Cold Storage.

1500 ET USDA Jul Cattle on Feed.