The Dow Market Happenings For Thursday, December 4, 2019

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

The Market

Premarket today, the Dow was indicated to open down -79 points.

Wednesday the Dow was up +146.97 (+0.53%) at 27,649.78.

Year-to-date the Dow is up +17.90%.

There were 23 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by JPMorgan (JPM) +1.97%, Goldman Sachs (GS) +1.74% and Johnson & Johnson (JNJ) +1.62%,

The Dow stock losers Wednesday were led by Boeing (BA) -0.92%, Cisco (CSCO) -0.88% and Visa (V) -0.71%.

Speaker Nancy Pelosi (D-Calif.) said Thursday that President Trump’s wrongdoing strikes at the heart of the Constitution and asked House committee chairs to proceed with articles of impeachment, saying lawmakers have “no choice but to act.”

Unemployment insurance weekly claims in the week ending November 30, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week’s unrevised level of 213,000. The 4-week moving average was 217,750, a decrease of 2,000 from the previous week’s unrevised average of 219,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 23, an increase of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 23 was 1,693,000, an increase of 51,000 from the previous week’s revised level. The previous week’s level was revised up 2,000 from 1,640,000 to 1,642,000. The 4-week moving average was 1,681,000, unchanged from the previous week’s revised average. The previous week’s average was revised up by 500 from 1,680,500 to 1,681,000.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down one-tenth 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

Caterpillar (CAT)

Caterpillar (CAT) is up +10.27% year-to-date.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET International Trade

8:30 AM ET Jobless Claims

10:00 AM ET Factory Orders

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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