12/9/14 Tues. pm Dow Closes at 17801.20 down 51.28 or 0.29%

 
http://www.dowjonesmonitor.com/
by Dan Kolber

Post No. 2,947 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a   recent ranking of the Dow 30 components by market capitalization  and a summary of recent Dow 30 components'  SEC filings.

The Dow Jones Industrial Average closed  Tuesday at 17801.20 down 51.28 or 0.29%  from Monday's close of 17852.48. Of the Dow components 8   gained  and 22  declined. The biggest gainer   dollar-wise  and percentage-wise was United Technologies up $1.94 or 1.72%.  The biggest decliner dollar-wise and percentage-wise was  Verizon down $1.98 or 4.05%.

As of the open of  the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C6 of  Tuesday's Wall St. Journal is 0.15571590501117.  Tuesday's trailing P/E   ratio is 17.06 up from yesterday's   trailing P/E ratio of 17.00  (last year it was 16.24).  Today's P/E estimate is 15.75 unchanged from Monday's P/E estimate of 15.75 (year ago it was 15.00) and today's dividend yield is 2.15 down from  Monday's dividend yield of 2.16  (last year it was 2.36). The Dow's all-time high was 17958.79 on December 5,  2014. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Tuesday's Dow Jones Industrial Average numerator is 2771.93 down 8.02  from  Monday's   numerator of 2779.91.  This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Tuesday's Dow Jones Industrial Average was $92.40 down 26 cents from Monday's  average closing price of $92.66.  The median closing price of  Tuesday's Dow Jones Industrial Average was $92.16  (XOM/DIS) down 93 cent from Monday's median closing price of $93.09 (MCD/AXP). The lowest volume was   Travelers and the highest volume was AT&T.

If  Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost  $802  ($277,991 - $277,193).

12/9/14 Tues. 5:17  pm MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
The U.S. stock market staged a rebound on Tuesday but still ended the day lower, even after erasing steep opening losses sparked by China’s tightening of lending rules and Greece’s surprise elections announcement. The S&P 500 SPX, -0.02%   ended the session virtually flat at 2,059.88 after staging an impressive rebound from session lows. Small-cap stocks outperformed spectacularly, with the Russell 2000 RUT, +1.79%  gaining 1.8% to 1,188.06, while the Nasdaq Composite COMP, +0.54%  ended the session with a gain of 25.77 points, or 0.5% at 4,766.47.The Dow Jones Industrial Average DJIA, -0.29%  fell as much as 218 points, but finished 51.28 points, or 0.3%, lower at 17,801.20. Verizon Communications VZ, -4.05%   and AT&T T, -2.92%   were among top decliners, after Verizon warned of lower profit due to price wars with competitors.“While early activity looked like it was going to be another bearish day, clearer heads prevailed as bargain hunters stepped in about an hour after the open,” said Randy Frederick, managing director of trading & derivatives at Schwab Center for Financial Research.The dip on the S&P 500 from its closing peak on Friday to a trough earlier today was about 2%. “We may see more of these volatility hiccups in the next couple of weeks as energy volatility continues, and events unfold in Greece,” Frederick added.Overseas news overshadowed speculation that the Federal Reserve may be close to pulling back its pledge to keep rates low, with yields falling amid a flight to quality. Hints of rising rates normally lead to selling of bonds and a jump in yields. “There has been a lot of euphoria since mid-October, even though everyone knew about deflation problems in Europe and Asia, it was not particularly new news. But once fear gripped investors, equities quickly sold off. The fact that Treasurys rising today points flight to quality, even in the face of the Wall Street Journal article that the Fed is likely to start raising rates next year,” said Joseph Saluzzi, co-founder and co-head of equity trading at Themis Trading, a brokerage firm.10-year Treasurys rallied, sending yields down to 2.20% while gold prices jumped nearly 3% on Tuesday. The CBOE Vix VIX, +4.79%   index which measures implied volatility on the S&P 500 jumped 7% above 15, highest level since October.The global equity selloff began in a dramatic day in Asia. The Shanghai Composite Index SHCOMP, -5.43%  swung from a 2.4% rise to a closing loss of 5.4%. China’s stocks, currency CNYUSD, +0.00%  and corporate bonds were hit hard after Beijing banned investors from using low-grade corporate debt as collateral to borrow cash.

Tuesday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$32.89	0.99	▼ 2.92%	59,231,730	NYSE
AXP	$93.36	0.20	▼ 0.21%	4,077,533	NYSE
BA	$129.66	0.62	▼ 0.48%	3,073,202	NYSE
CAT	$95.45	0.20	▲ 0.21%	6,553,772	NYSE
CVX	$107.01	0.21	▲ 0.2%	11,051,096	NYSE
CSCO	$27.42	0.19	▲ 0.7%	25,704,921	NASDAQ-GS
KO	$42.04	1.10	▼ 2.55%	25,456,692	NYSE
DIS	$92.94	0.86	▼ 0.92%	9,485,936	NYSE
DD	$72.16	0.52	▼ 0.72%	3,746,557	NYSE
XOM	$91.38	0.32	▼ 0.35%	15,866,361	NYSE
GE	$25.58	0.11	▼ 0.43%	32,484,157	NYSE
GS	$196.89	0.27	▲ 0.14%	4,560,076	NYSE
HD	$99.64	0.79	▼ 0.79%	5,280,581	NYSE
INTC	$36.89	0.31	▼ 0.83%	28,469,425	NASDAQ-GS
IBM	$162.99	1.13	▲ 0.7%	3,864,516	NYSE
JPM	$62.45	0.22	▼ 0.35%	19,640,491	NYSE
JNJ	$108.05	0.47	▼ 0.43%	7,199,457	NYSE
MCD	$91.36	1.25	▼ 1.35%	9,650,261	NYSE
MRK	$60.01	1.87	▼ 3.02%	18,691,540	NYSE
MSFT	$47.59	0.105	▼ 0.22%	24,318,593	NASDAQ-GS
NKE	$97.03	0.69	▼ 0.71%	2,994,496	NYSE
PFE	$31.95	0.02	▼ 0.06%	26,357,153	NYSE
PG	$90.71	0.05	▼ 0.06%	5,577,246	NYSE
MMM	$160.83	0.10	▼ 0.06%	2,042,208	NYSE
TRV	$105.02	0.82	▼ 0.77%	1,978,320	NYSE
UTX	$114.99	1.94	▲ 1.72%	5,860,439	NYSE
UNH	$101.02	1.10	▲ 1.1%	3,754,179	NYSE
VZ	$46.92	1.98	▼ 4.05%	49,698,272	DualListed
V	$264.14	1.04	▲ 0.4%	2,606,597	NYSE
WMT	$83.56	0.67	▼ 0.8%	6,579,122	NYSE

*****************
The following are excerpts from Tuesday morning's Blog:

A  read of the print editions of  Tuesday's  Wall Street Journal, Financial Times, Investor's Business Daily, New York Times, USA Today,  Atlanta Journal & Constitution  & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed  Monday at 17852.48 down 106.31 or 0.59%  from Friday's close of 17958.79. For the year the Dow is up 7.7%. Of the Dow components 11   gained  and 19  declined. The biggest gainer   dollar-wise  and percentage-wise was United Technologies up $1.76 or 1.58%.  The biggest decliner dollar-wise was Chevron down $4.07 and percentage-wise was  McDonald's down 1.58%.

WSJ pC4 "Selloff of energy stocks follows oil price drop" by Dan Strumpf says stocks retreated due to declines in oil prices and fresh signs of economic weakness in Europe & Japan.  Chevron was 2nd biggest decliner in the Dow falling $4.07 while Exxon fell $2.12.

Monday's Dow Jones Industrial Average numerator is 2779.91 down 16.56  from  Friday's   numerator of 2796.47.  This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Monday's Dow Jones Industrial Average was $92.66 down 56 cents from Friday's  average closing price of $93.22.  The median closing price of  Monday's Dow Jones Industrial Average was $93.09  (MCD/AXP) down 70 cent from Friday's median closing price of $93.79 (DIS/XOM). The lowest volume was 3M  and the highest volume was American Express.

If  Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost  $1,656  ($279,647 - $277,991).

12/8/14 Mon. 4:47  pm MarketWatch by Anora Mahmudova & Sara Sjolin says U.S. stocks suffered their biggest one-day slide in nearly seven weeks on Monday as a withering selloff among energy companies, which closely tracked oil’s continued price slide, dragged down key benchmark indexes. Downbeat economic reports form China, Japan and Europe also dented sentiment. Nervousness among investors was evident from a jump in 10-year Treasury yields, rising five basis points and a 20% jump in the CBOE Vix index, commonly knows as Wall Street’s fear gauge.
S&P 500 SPX, -0.73%  closed 15 points, or 0.75, at 2,060.31. Losses were led by energy companies, as the sector dropped 3.9%. Materials, industrials and technology sector stocks also sold off, while defensive sectors such as utilities and health care drew buyers.The Dow Jones Industrial Average DJIA, -0.59%  dropped as much as 150 points at session lows, but ended 106.31 points, or 0.6% lower, at 17,852.48. McDonald’s Corp. MCD, -3.84% took a bite out of the blue-chip stock index following disappointing sales. Oil giants ExxonMobil Corp. XOM, -2.26%  and Chevron Corp CVX, -3.67%   also weighed on the index, dropping 2.3% and 3.7% respectively.
The tech-heavy Nasdaq Composite COMP, -0.84%  ended the day with a loss of 40 points, or 0.8%, at 4,740.69. The heaviest-weighted component of the index, Apple Inc. AAPL, +0.12%   fell 2.3%.
The broader market moves are playing out amid the back drop of crude oil’s continued slide. Crude oil CLF5, -4.28%  endured a bruising day of its own, falling more than 4% on Monday and hitting a new five-year low on continued concerns about oversupply. Espousing a more sanguine outlook about the day’s trading, Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research, down played Monday’s slump, pointing out that increased buying in late afternoon session after a selloff in the morning usually indicates a short-term bullish view of institutional investors.“The move on the S&P 500 is still less than 1% and selling on Wall Street seems to be strictly contained to industries with close ties to oil prices. While it is true that the energy companies are hit hard today, lower oil prices ultimately benefit consumers and other business that use oil, which are a much bigger part of the S&P 500,” Frederick said. Brian Fenske, head of sales trading at Investment Technology Group, brokerage and technology firm, struck a similar chord, saying a lack of clarity about crude oil prices were dictating trading strategy on Monday. “There is a lot of uncertainty when it comes to crude oil prices, which made the whole energy sector difficult to invest in, which is why we are seeing so much selling in those companies,” Fenske said.

Tuesday's Dow News followed by Monday's Closing Dow Numbers:

AT&T: WSJ pB3 "Verizon's price war is costly" by Van Knuson says Verizon warned Mon that is profits are coming under pressure due to a price wire with Sprint, T-Mobile and AT&T.

American Express:

Boeing:

Caterpillar:

Chevron: WSJ pC4 "Selloff of energy stocks follows oil price drop" by Dan Strumpf says stocks retreated due to declines in oil prices and fresh signs of economic weakness in Europe & Japan.  Chevron was 2nd biggest decliner in the Dow falling $4.07 while Exxon fell $2.12.

Cisco:

Coke:

Disney:  WSJ pB1 "ESPN to test web-auction ad sales" by Mike Shileds, Jack Marshal says in a few weeks ESPN will begin selling ads for its SportsCenter highlights show through a Web based auction.

DuPont:

Exxon: WSJ pC4 "Selloff of energy stocks follows oil price drop" by Dan Strumpf says stocks retreated due to declines in oil prices and fresh signs of economic weakness in Europe & Japan.  Chevron was 2nd biggest decliner in the Dow falling $4.07 while Exxon fell $2.12.

GE:

Goldman Sachs:

Home Depot:

Intel:

IBM:

JPMorgan:

Johnson & Johnson:

McDonald's: WSJ pB2 "Sales drop at McDonald's worsens" by Julie Jargon, Chelsey Dulaney, WSJ pC10 "McDonald's goes hungry amid plenty" by Justin Lahart say global sales at stores open 12 months slipped 2.2% in Nov. versus last year while sales in Europe fell 2% and sales in Asia-Pacific, Mid East & Africa fell 4%.

Merck:  WSJ pB6 "Merck goes deeper in antibiotics with Cubist" by Peter Loftus, Dana Cimiluca says Merck will buy Cubist Pharma for $8.4 bil as Merck goes deeper into antibiotics.

Microsoft:

Nike:

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealthcare:

Verizon:  WSJ pB3 "Verizon's price war is costly" by Van Knuson says Verizon warned Mon that is profits are coming under pressure due to a price wire with Sprint, T-Mobile and AT&T.

Visa:

Walmart:

Monday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$33.88	0.06	▼ 0.18%	17,055,458	NYSE
AXP	$93.56	0.91	▲ 0.98%	4,467,741	NYSE
BA	$130.28	1.93	▼ 1.46%	2,825,922	NYSE
CAT	$95.25	3.53	▼ 3.57%	7,179,836	NYSE
CVX	$106.8	4.07	▼ 3.67%	13,782,957	NYSE
CSCO	$27.23	0.27	▼ 0.98%	24,107,758	NASDAQ-GS
KO	$43.14	0.39	▼ 0.9%	12,789,644	NYSE
DIS	$93.8	0.04	▲ 0.04%	6,663,110	NYSE
DD	$72.68	0.39	▼ 0.53%	3,603,325	NYSE
XOM	$91.7	2.12	▼ 2.26%	15,715,102	NYSE
GE	$25.69	0.32	▼ 1.23%	37,582,106	NYSE
GS	$196.62	1.17	▲ 0.6%	2,668,671	NYSE
HD	$100.43	0.79	▲ 0.79%	6,624,329	NYSE
INTC	$37.2	0.47	▼ 1.25%	28,132,918	NASDAQ-GS
IBM	$161.86	1.41	▼ 0.86%	2,851,083	NYSE
JPM	$62.67	0.03	▼ 0.05%	15,528,318	NYSE
JNJ	$108.52	0.01	▲ 0.01%	6,498,249	NYSE
MCD	$92.61	3.70	▼ 3.84%	11,762,699	NYSE
MRK	$61.88	0.39	▲ 0.63%	11,276,519	NYSE
MSFT	$47.695	0.725	▼ 1.5%	26,634,935	NASDAQ-GS
NKE	$97.72	1.61	▼ 1.62%	2,577,614	NYSE
PFE	$31.97	0.02	▼ 0.06%	26,791,411	NYSE
PG	$90.76	0.38	▲ 0.42%	4,721,923	NYSE
MMM	$160.93	1.34	▼ 0.83%	1,897,018	NYSE
TRV	$105.84	0.64	▲ 0.61%	2,028,713	NYSE
UTX	$113.05	1.76	▲ 1.58%	6,350,213	NYSE
UNH	$99.92	0.41	▼ 0.41%	3,063,055	NYSE
VZ	$48.9	0.29	▲ 0.6%	14,362,551	DualListed
V	$263.1	0.25	▼ 0.09%	3,085,525	NYSE
WMT	$84.23	0.11	▲ 0.13%	6,251,335	NYSE

*****************
The following are excerpts from Monday morning's Blog:

A  read of the print editions of  Monday's  Barron's, Investor's Business Daily, Wall Street Journal, Financial Times, New York Times, USA Today,  Atlanta Journal & Constitution  & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Friday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed  Friday at 17958.79 up 58.69 or 0.33%  from Thursday's close of 17900.10.  For the week the Dow was up130.55  or 0.73% from last Friday's close of 17828.24. For the year the Dow is up 8.3%. Of the Dow components 20   gained  and 10  declined. The biggest gainer   dollar-wise was  Goldman Sachs up $3.50 and percentage-wise was JPMorgan up 2.15%.  The biggest decliner dollar-wise and percentage-wise was  Chevron down $1.41 or  1.26%.

IBD pB9 "Bulls like week's action, but small ball persists" by Paul Whitfield says Friday's action was up in rising vol while the current outlook is a confirmed uptrend.

Friday's Dow Jones Industrial Average numerator is 2796.47 up 9.14  from  Thursday's   numerator of 2787.33.  This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Friday's Dow Jones Industrial Average was $93.22 up 30 cents from Thursday's  average closing price of $92.92.  The median closing price of  Friday's Dow Jones Industrial Average was $93.79  (DIS/XOM) down 1 cent from Thursday's median closing price of $93.80 (XOM/DIS). The lowest volume was Travelers  and the highest volume was Microsoft.

If  Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made  $914  ($279,647 - $278,733).

12/5/14 Fri. 4:47  pm MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
the S&P 500 and Dow Jones Industrial Average closed at record levels on Friday, wrapping a seventh straight week with gains. A surprisingly strong jobs report fueled Friday’s mostly modest, albeit record-setting, advance. The U.S. economy added 321,000 jobs in November, beating the consensus number by 86,000, while unemployment rates remained steady at 5.8%. With upward revisions to prior months, the payrolls number was far stronger than the consensus forecast by economists polled by MarketWatch, which called for 235,000 jobs. A string of robust job gains over the past several months is likely to prompt the Federal Reserve to speed up the rate hikes. Worries among investors that interest rates will rise sooner rather than later, have capped gains on Wall Street, according to Kim Forrest, senior portfolio manager at Fort Pitt Capital.The S&P 500 SPX, +0.17%  rose 3.45 points, or 0.2%, to close at 2,075.37, an all-time high. The gain on the benchmark were led by financials and health-care sector stocks, while energy and utilities sector shares lagged behind. The Dow Jones Industrial Average DJIA, +0.33% set an intraday high and came within 10 points of 18,000 level, but settled 58.60 points, or 0.3%, higher at 17,958.79. Gains in JPMorgan Chase and Goldman Sachs Group were the biggest among blue-chip stock gainers.The Russell 2000 RUT, +0.80%  outperformed large-caps again, adding 9.42 points, or 0.8%, to 1,182.42 and added 0.8% over the week. Meanwhile, the tech-heavy Nasdaq Composite COMP, +0.24%  added 11.32 points, or 0.2%, to 4,780.76. The index closed lower over the week.

Monday's Dow News followed by Friday's Closing Dow Numbers:

AT&T:  No mentions found.

American Express:  No mentions found.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  IBD pA1 "$150 Bil in oil projects at risk as prices continue collapsing" by Gillian Rich, Barron's p13 "Big oil, big opportunity" by Ben Levisohn say Chevron will be forced to cut back on the number of shares they repurchase.  Exxon and other oil stocks have lost a lot of value since the end of Sept.  Chevron's N. Sea project is uncertain.

Cisco: 

Coke:  No mentions found.

Disney:  Barron's p17 "Chasing stable growth" by Simon Constable says Roger Morley Portfolio Manger at MFS Investment  says Disney is not primarily a Hollywood studio subject to fickle audiences because of its valuable sports network ESPN with its long term contracts & dedicated audience.

DuPont:  No mentions found.

Exxon:   WSJ pC8 "Exxon and M&A: the crude abides" by Liam Denning says their are rumours hat Exxon and UK's BG Group may merge.

Barron's p13 "Big oil, big opportunity" Ben Levisohn says Chevron will be forced to cut back on the number of shares they repurchase.  Exxon and other oil stocks have lost a lot of value since the end of Sept.

GE:  No mentions found.

Goldman Sachs:  WSJ pA1 "Banks ask big firms to move out cash" by Kristen Grind, James Sterngold, Juliet Chung, WSJ pC1 "Big banks need more in the tank" by John Carney  say  Goldman Sachs & JPMorgan's bond trading operations saw a big increase in trading levels in Oct & Nov.

IBD pA7 "Bank stocks hit highs on jobs, dimon" by Ciaran McEvoy says JPMorgan hit a 14 1/2 year high intraday Friday.  Goldman Sachs rose 1.8%.

Home Depot:  No mentions found.

Intel:  No mentions found.

IBM:  No mentions found.

JPMorgan:    WSJ pA1 "Banks ask big firms to move out cash" by Kristen Grind, James Sterngold, Juliet Chung, WSJ pC1 "Big banks need more in the tank" by John Carney  say JPMorgan and other big banks are asking big customers in their US to take their cash elsewhere or be charged fees due to new regulations that make it onerous for them to hold certain deposits. 

WSJ pC8 "Trading wind again blows banks' way" by John Carney says Goldman Sachs & JPMorgan's bond trading operations saw a big increase in trading levels in Oct & Nov.

Johnson & Johnson:  No mentions found.

McDonald's:  USAT p1B "McDonald's slows its roll" by Bruce Horovitz says McDonnald's shares of US fast food hamburger chains' rev slipped below 50% last year.

Merck:  WSJ pB3 "Cancer drugs show promise" by Ron Winslow says Merck's Keytruda and nivolumab from Bristol Myers have show effectiveness against blood cancer Hodgkin Lymphoma in 2 small studies.

FT p17 "Merck's $8bn pursuit of Cubist reflects focus on neglected antibiotics market"

Microsoft:  No mentions found.

Nike:  No mentions found.

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  Barron's p17 "Week preview" says United Technologies gives '15 guidance at its analyst meeting on Thurs. 12/11.

UnitedHealthcare:  No mentions found.

Verizon:  Barron's p34 "Video reinvents the web as the major scramble to cash in" by Tiernan Ray says Verizon and other carries are expanding their LTE wireless networks with speeds that will make live broadcast video viewing increasingly feasible through mobile devices.

Visa:  No mentions found.

Walmart: 

Friday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$33.94	0.03	▲ 0.09%	18,893,190	NYSE
AXP	$92.65	0.82	▲ 0.89%	2,872,106	NYSE
BA	$132.21	0.89	▲ 0.68%	2,579,787	NYSE
CAT	$98.78	0.89	▼ 0.89%	3,604,081	NYSE
CVX	$110.87	1.41	▼ 1.26%	7,661,012	NYSE
CSCO	$27.5	0.27	▼ 0.97%	26,722,292	NASDAQ-GS
KO	$43.53	0.03	▲ 0.07%	12,533,070	NYSE
DIS	$93.76	0.53	▲ 0.57%	5,225,472	NYSE
DD	$73.07	0.70	▲ 0.97%	3,352,586	NYSE
XOM	$93.82	0.55	▼ 0.58%	11,831,896	NYSE
GE	$26.01	0.08	▼ 0.31%	22,385,833	NYSE
GS	$195.45	3.50	▲ 1.82%	3,624,222	NYSE
HD	$99.64	0.69	▲ 0.7%	4,646,359	NYSE
INTC	$37.67	0.21	▲ 0.56%	19,031,129	NASDAQ-GS
IBM	$163.27	0.78	▼ 0.48%	3,012,877	NYSE
JPM	$62.7	1.32	▲ 2.15%	20,068,871	NYSE
JNJ	$108.51	0.95	▲ 0.88%	6,449,078	NYSE
MCD	$96.31	0.65	▲ 0.68%	6,208,579	NYSE
MRK	$61.49	0.57	▲ 0.94%	11,171,682	NYSE
MSFT	$48.42	0.42	▼ 0.86%	27,313,449	NASDAQ-GS
NKE	$99.33	0.28	▲ 0.28%	1,703,578	NYSE
PFE	$31.99	0.32	▲ 1.01%	24,851,578	NYSE
PG	$90.38	0.20	▼ 0.22%	6,381,881	NYSE
MMM	$162.27	0.01	▲ 0.01%	1,722,626	NYSE
TRV	$105.2	0.10	▲ 0.1%	1,727,853	NYSE
UTX	$111.29	0.08	▲ 0.07%	3,021,095	NYSE
UNH	$100.33	0.66	▲ 0.66%	3,104,202	NYSE
VZ	$48.61	0.17	▼ 0.35%	15,502,504	DualListed
V	$263.35	2.21	▲ 0.85%	1,959,126	NYSE
WMT	$84.12	0.64	▼ 0.76%	6,566,829	NYSE

****************
 The Dow Jones Industrial Average closed  Monday at 17776.80 down 51.44 or 0.29%  from Friday's close of 17828.24.  For the year the Dow is up 7.2.%. Of the Dow components 7   gained and 23  declined. The biggest gainer   dollar-wise and percentage-wise was Chevron up $2.86 or 2.63%.  The biggest decliner dollar-wise was Boeing down $1.97 and percentage-wise was GE down 1.77%.

Monday's Dow Jones Industrial Average numerator is 2768.13 down 8.01  from  Friday's   numerator of 2776.14.  This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Monday's Dow Jones Industrial Average was $92.27 down 27 cents from Friday's  average closing price of $92.54.  The median closing price of  Monday's Dow Jones Industrial Average was $92.53  (XOM/DIS) up 6 cents from Friday's median closing price of $92.47 (AXP/DIS). The lowest volume was Travelers  and the highest volume was GE.

If  Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost  $801  ($277,614 - $276,813).

12/1/14 Mon. 4:07  pm MarketWatch by Anora Mahmudova says  U.S. stocks fell on Monday as disappointing economic data from China and Europe triggered a bout of selling in global equity markets. Weak Black Friday sales were also weighing on markets, especially on retailer stocks. The Nasdaq Composite saw its steepest drop in seven weeks, dragged down by big declines in tech giants such as Apple, Inc., Google Inc., Facebook Inc., and Alibaba. Energy and utility stocks were the only bright spots on Wall Street, rising in tandem with a spike in oil prices. The S&P 500 SPX, -0.68% closed 14.12 points, or 0.7%, lower at 2,053.44, its biggest one-day decline in more than 5 weeks. The Dow Jones Industrial Average DJIA, -0.29% shed 51.31 points, or 0.3%, to 17,776.93. The Nasdaq Composite COMP, -1.34% suffered its steepest drop in seven weeks, after dropping 64.28 points, or 1.3% to 4,727.35.

Tuesday's Dow News followed by Monday's Closing Dow Numbers:

AT&T:

American Express:

Boeing:

Caterpillar:

Chevron:

Cisco:

Coke:

Disney:

DuPont:

Exxon:

GE:

Goldman Sachs:

Home Depot:

Intel:

IBM:

JPMorgan:

Johnson & Johnson:

McDonald's:

Merck:

Microsoft:

Nike:

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealth:

Verizon:

Visa:

Walmart:

Monday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$35.06	0.32	▼ 0.9%	19,903,750	NYSE
AXP	$92.14	0.28	▼ 0.3%	3,327,876	NYSE
BA	$132.39	1.97	▼ 1.47%	3,443,356	NYSE
CAT	$99	1.60	▼ 1.59%	7,420,794	NYSE
CVX	$111.73	2.86	▲ 2.63%	13,356,670	NYSE
CSCO	$27.59	0.05	▼ 0.18%	19,548,728	NASDAQ-GS
KO	$44.55	0.28	▼ 0.62%	10,065,497	NYSE
DIS	$92.7	0.19	▲ 0.21%	6,711,131	NYSE
DD	$71.08	0.32	▼ 0.45%	3,045,754	NYSE
XOM	$92.35	1.81	▲ 2%	27,529,153	NYSE
GE	$26.02	0.47	▼ 1.77%	48,888,577	NYSE
GS	$188.2	0.21	▼ 0.11%	2,460,724	NYSE
HD	$98.88	0.52	▼ 0.52%	4,384,839	NYSE
INTC	$37.17	0.08	▼ 0.21%	30,772,713	NASDAQ-GS
IBM	$161.54	0.63	▼ 0.39%	4,161,187	NYSE
JPM	$60	0.16	▼ 0.27%	12,760,463	NYSE
JNJ	$108.03	0.22	▼ 0.2%	5,633,604	NYSE
MCD	$95.78	1.03	▼ 1.06%	5,248,970	NYSE
MRK	$60.52	0.12	▲ 0.2%	8,267,506	NYSE
MSFT	$48.62	0.81	▲ 1.69%	31,015,065	NASDAQ-GS
NKE	$97.69	1.60	▼ 1.61%	2,568,696	NYSE
PFE	$31.26	0.11	▲ 0.35%	22,871,039	NYSE
PG	$90.08	0.35	▼ 0.39%	6,744,185	NYSE
MMM	$158.16	1.93	▼ 1.21%	2,496,190	NYSE
TRV	$104.44	0.01	▼ 0.01%	1,594,759	NYSE
UTX	$109.69	0.39	▼ 0.35%	3,446,638	NYSE
UNH	$99.06	0.43	▲ 0.44%	4,874,803	NYSE
VZ	$50.03	0.56	▼ 1.11%	11,852,208	DualListed
V	$258.15	0.04	▼ 0.02%	2,722,331	NYSE
WMT	$86.22	1.32	▼ 1.51%	9,067,987	NYSE

**************************
 Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)

American Express AXP Kenneth I. Chenault (NY, NY)

Boeing BA W. James McNerney, Jr. (Chicago, Ill)

Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)

Chevron CVX John Watson (San Ramon, CA)

Cisco CSCO John Chambers (San Jose, CA)

Coca Cola KO Muhtar Kent (Atlanta, GA)

Disney DIS Robert Iger (Burbank, CA)

DuPont DD Ellen Kullman (Wilmington, DE)

ExxonMobil XOM Rex W. Tillerson (Irving, Tx)

GE Jeffrey R. Immelt (Fairfield, CT)

Goldman Sachs GS Lloyd Blankfein (NY, NY)

Home Depot HD Craig Menear (Atlanta, GA)

Intel INTC Brian Krzanich (Santa Clara, CA)

IBM Virginia M. Rometty (Armonk, NY)

JPMorgan Chase JPM Jamie Dimon (NY, NY)

Johnson & Johnson JNJ Alex Gorsky (New Brunswick, NJ)

McDonald's MCD Donald Thompson (Oak Brook, Ill)

Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)

Microsoft MSFT Satya Nadella (Redmond, WA)

Nike NK Mark Parker (Beaverton, OR)

Pfizer PFE Ian Read (NY, NY)

Procter & Gamble PG A. G. Lafley (Cincinnati, OH)

3M MMM Inge Thulin (St. Paul, MN)

Travelers TRV Jay S. Fishman (NY, NY)

UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)

United Technologies UTX Greg Hayes (Hartford, CT)

Verizon VZ Lowell McAdam (NY, NY)

Visa V Charles W. Scharf (Foster City, CA)

Wal-Mart WMT Doug McMillon (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of close of business 11/6/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $407.66
2. Microsoft MSFT 401.43
3. Johnson & Johnson JNJ 305.13
4. GE 264.63
5. Wal-Mart WMT 250.74
6. Procter & Gamble PG 240.22   
7.  JPMorgan Chase JPM 229.94
8. Chevron CVX 225.08
9.  Verizon VZ 208.65
10.  Pfizer PFE 190.48 
11. Coke KO 185.23
12.  AT&T T 180.02  
13. Merck MRK 170.94
14. Intel INTC 163.52
15.  IBM 159.79
16. Disney DIS 157.92
17. Visa V 157.12
18.  Home Depot HD 130.94 
19. Cisco CSCO 128.81
20. 3M MMM 100  
21.  United Technologies UTX 98.99  
22. American Express AXP 95.33
23. UnitedHealth UNH 94.48  
24. McDonald's MCD 92.95   
25. Boeing BA 88.82 
26. Goldman Sachs GS 86.48
27. Nike NKE 81.50
28. DuPont DD 63.53
29. Caterpillar CAT 61.71
30. Travelers TRV 33.77
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 11/6/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T:
10/24/14 8K re: completion of sale of Ct. wireline operations to Frontier Comm
3 8Ks (10/22; 10/22 & 9/30/14) re: 3Qtr result
8/1/14 10Q & 7/24/14 8K & 7/23/14 8K  re: qtr ended 6/30

American Express AXP:
10/28/14 10Q  & 10/15/14 8K re: 3Qtr results ended 9/30/14
10/15/14 8K re: delinq. & write-off stats for 3 months ended 9/30/14
9/30/14 8K re: appointment of Neal Sample as Pres., Enterprise Growth
9/15/14 8K re: delinq. & write-off stats for 3 months end 8/31/14
8/15/14 8K re: delinq. & write-off stats for 3 months end 7/31/14

Boeing BA:
10/31/14 8K re: issuance of senior notes
10/22/14 10Q & 10/22/14 8K re: 3Qtr results ended 9/30/14
10/16/14 8K re: credit agreements

Caterpillar CAT:
10/31/14 10Q & 10/23/14 8K re: 3Qtr results ended 9/30/14
10/22/14 8K re: sales to retail and OEM
10/14/14 8K re: retirement of Group Presidents Stuart Levenick & Steven Wunning
9/30/14 8K re: price changes
9/19/14 8K re: info re: retail sales of OEMs
9/16/14 8K re: credit agreement with Citibank up to $3.15 bil
8/20/14 8K re: rolling 3 month retail sales stats
8/1/14 10Q & 7/24/14 8K re: 2Q ended 6/30/14

Chevron CVX:
10/31/14 8K re: 3Qtr results
8/14/14 8K re: voluntary dismissal of shareholder derivative lawsuit
8/6/14 10Q & 8/1/14 8K & 7/10/14 8K re: 2Q ended 6/30/14

Cisco CSCO:
9/30/14 2 Proxy filings re: Annual Shareholde Meeting to be held 11/20/14 at 9am at Cisco Building, San Jose, CA
9/12/14 8K re: departure of director Marc Benioff & reduction of board to 10
9/9/14 10K & 8/13/14 8K re: results for year ended 7/26/14
8/14/14 8K re: restructuring plan & lay-offs of 6,000 or 8% of global workforce

Coke KO:
10/29/14 10Q & 10/21/14 8K re: 3Qtr ended 9/26/14
10/1/14 8K re: Guidelines for '14 Equity Plan
9/22/14 & 9/19/14 8Ks re: close of public offering of long term notes
8/20/14 8K re: purchase of 16.7% state in Monster

Disney DIS:
11/6/14 8K re: 4Qtr & FY ended 9/27/14
10/3/14 8K re: CEO Robert Iger's amended employment contract
8/5/14 10Q for quarter ended 6/28/14
8/5/14 & 8/5 8K re: 10Q for 3Qtr ended 6/28/14 

DuPont DD:
10/28/14 CEO letter to shareholders
10/28/14 & 10/28/14 8K re: 3Qtr ended 9/30/14
8/5/14 8K re: election of Ulf M.  Mark Scheider

ExxonMobil XOM:
11/5/14 10Q & 10/31/14 8K re: 3Qtr ended 9/30/14
8/6/14 10Q & 7/31/14 8K re: 2Qtr ended 6/30/14
8/6/14 8K re: retirement of P.T. Mulva as VP/controller to be replaced by D.S. Rosenthal

GE:
11/4/14 10Q & 10/17/14 8K re: 3Qtr ended 9/30/14

Goldman Sachs GS:
11/5/14 10Q & 10/16/14 8K re: 3Qtr ended 9/30/14
10/23/14 8K re: legal opinion re: debt issuance
8/25/14 8K re: settlement with FHFA re: sale of residential mortgage backed securities to Fannie Mae & Freddie Mac
8/7/14 10Q & 7/15/14 8K re: 2Qtr ended 6/30/14

Home Depot HD:
11/6/14 8K re: breach of payment data system
10/20/14 8-K/A re: promotion of Craig A. Menear to CEO
10/14/14 8K re: resignation of Marvin R. Ellison, EVP
9/18/14 8K re: update on guidance due to data breach
9/8/14 8K re: breach od payment data systems
8/27/14 10Q & 8/19/14 8K results for quarter ended 8//14
8/21/14 8K re: election of Craig A. Menear as CEO &Pes. and Frank Blake taking on as chairman eff. 11/1/14 & amendment of by-laws to split CEO & Chairman positions

Intel INTC:
10/29/14 10Q & 10/14/14 8K re: 3rd Qtr ended 9/27/14
9/26/14 8K re: Intel investment in & collaboration with Tsinghua Unigroup

IBM:
11/5/14 8K re: underwriting contract with JPMorgan
10/28/14 10Q & 2 8Ks (10/20) re: 3Qtr ended 9/30/14
10/20/14 8K re: closing of Lenovo's purchase of IBM's x86 server business
10/20/14 8K re: sale of IBM's global comm'l semiconductor tech business to Globalfoundries
7/29/14 10Q & 7/18/14 8K & 7/17/14 8K re: qtr. ended 6/30/14
7/29/14 8K re: election of CEO of JNJ Alex Gorsky & Peter R. Voser to BoD

JPMorgan Chase JPM:
11/3/14 &  2 8Ks (10/14) re: 3Qtr ended 9/30/14
10/22/14 8K re: sale of 2.2% notes due '19
10/2/14 8K re: cyberattack
10/2/14 8K re: adjustment of warrant price
9/19/14 8K re: redemption of subord. notes
9/12/14 8K re: cyberattack vs. JPM
9/10/14 8K re: closing of public offering of $3 bil sub. notes due'24
8/4/14 10Q & 7/15/14 8K & 7/15/14 8K re: qtr. ended 6/30/14

Johnson & Johnson JNJ:
10/30/14 10Q & 10/14/14 8K re: 3Qtr ended 9/28/14
10/2/14 8K re: agreement to purchase Alios Biopharma
8/1/14 10Q & 7/15/14 8K re: Qtr ended 6/29/14

McDonald's MCD:
11/3/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/22/14 8K re: raising quarterly div. by 5% to 85 cents payable 12/15 to record holders 12/1
9/9/14 8K re: global sales decreased 3.7% in Aug.
8/27/14 8K re: salary increase of Pres. of Asia, Mid E. & Africa
8/22/14 8K re: election of Make Andres as Pres. - USA replacing Jeff Stratton eff. 10/15
8/11/14 8K re: global sales decreased 2.5% in July
8/4/14 & 7/22/14 & 7/18/14 8K re: qtr. ended 6/30/14

Merck MRK:
10/27/14 8K re: 3Qtr results
10/15/14 8K re: issuance of notes
10/2/14 8K re: completion of sale of Consumer Care Business to Bayer for 414.2 bil
9/29/14 8K re: 2Q results

Microsoft MSFT:
10/23/14 10Q & 10/23/14 8K re: 1Qtr ended 9/30/14
10/21/14 & 10/20/14 & 10/20/14 Proxy re: Annual Shareholder Mtg at 12/3/14 at 8 am at Meydenbauer ctr., Bellevue, WA
9/17/14 8K election of Teri List-Stoll & Charles W. Scharf  (CEO of Visa) to Board eff 10/1 & increase of Board to 12 & retirement from Board of Dave Marquadt & Dina Dublon
8/19/14 8K re: dividend increase to 31 cents up 11% payable 12/111 to holders on 11/20

Nike NKE:
10/7/14 10Q & 9/30/14 8K & 9/25/14 8K re: 1Qtr ended 8/31/14
9/23/14 8K re: results of annual shareholders meeting
Sec. 14A Proxy re: Annual Meeting of Shareholders to be held 9/18/14 at Tiger Woods Conf. center, Beaverton, Or.

Pfizer PFE:
11/6/14 10Q & 10/28/14 8K re: 3Qtr ended 9/28/14
8/7/14 10Q for qtr ended 6/29/14

Procter & Gamble PG:
11/4/14 8K re: closing of sale of floating rate notes due '64
11/3/14 8K re: sale of notes
11/3/14 re: Argentina regulatory problems re: taxes
10/24/14 10Q & 2 8Ks (10/24) 1Qtr ended 9/30/14
10/20/14 8K re: voting results of 10/14 Annual Mtg of Shareholders
10/14/14 8K re: dividend of 64 cents payable 11/17 to record holders on 10/24/14
8/29/14 Proxy re: 10/14/14 Annual Meeting of Shareholders at 9 a.m. at Duke Energy Convention Ctr. Cincinnati,Oh
8/8/14 10K for yr. ended 6/30/14
8/1/14  2 8Ks re: 4Q results

3M MMM:
10/30/14 10Q & 10/23/14 8K re: 3Qtr ended 9/30/14
8/12/14 8K re: election of Sandra Barbour to Board
8/8/14 8K re: $2.25 bil 5 yr. revolving credit agreement with JPMorgan
7/31/14 10Q & 7/24/14 re: qtr. ended 6/30/14

Travelers TRV:
10/21/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/10/14 2 8Ks re: realignment of 2 of 3 business segments
8/11/14 8K re: amendment to bylaws re: timing of shareholder proposals

United Technologies UTX:
10/24/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14

UnitedHealth Group UNH:
10/16/14 8K re: 3Qtr results
9/12/14 8K re: FD disclosures re: presentation at Merrill Global Healthcare Conf. London 9/17
9/5/14 8K re: FD disclosure re: presentation at Morgan Stanley Healthcare Conf. NYC 9/9
8/4/14 & 8/1/14 8K & 7/17 8K re: qtr. ended 6/30/14

Verizon Communications Inc. VZ:
10/28/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/11/14 8K re: strong customer  growth
9/4/14 8K/A committee Board assignments for Dir. Shellye L. Archambeau
8/20/14 8K re: results of exchange offer of Verizon/Alltel securities
8/6/14 2 8Ks re: terms of exchange offer re: Alltel

Visa V:
10/29/14 8K re: 4Qtr & full year ended 9/30/14 results
10/22/14 8K re: 1/28/15 Annual Stockholders Mtg & dividend of 48 cents payable 12/2 to record holders on 11/14/14
9/24/14 8K re: new conversion rate of Class B Common
9/11/14 8K re: deposit of $450 mil in litigation escrow account

WalMart WMT:
10/30/14 8K re: Closing of Walmart Seiyu stores in Japan
10/17/14 8K re: issuance of notes
9/29/14 8K re: election to Bd. of Instagram CEO & Founder Kevin Systrom
9/5/14 10Q & 8/14/14 8K re: results for qtr ended 7/31/14

FINISHED