The Dow Market Happenings For Wednesday, December 11, 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 -60 points.

Tuesday the Dow was down -27.88 (-0.10%) at 27,881.72.

Year-to-date the Dow is up +19.52%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +0.71%, Apple (AAPL) +0.58% and Chevron (CVX) +0.50%.

The Dow stock losers Tuesday were led by 3M (MMM) -1.28%, Boeing (BA) -0.94% and Exxon Mobil (XOM) -0.86%.

The two-day Fed FOMC Meeting ends today with announcement at 11:00 am PST. The Fed is expected to hold rates steady.

The Dow Jones Industrial Average was set to open lower, with Home Depot Inc (HD) falling 1.7% in premarket trading. The home improvement chain forecast fiscal 2020 sales growth below Wall Street expectations, weeks after lowering its 2019 sales forecast.

A former Boeing (BA) employee who raised concerns about 737 Max production will testify on Wednesday at a House hearing on the FAA’s review of the grounded aircraft.

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

The national average price of gasoline is up three-tenths of a cent at $2.573 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 12/19/2019 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is up +33.24% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET CPI

10:00 AM ET Quarterly Services Survey

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Meeting Announcement

2:00 PM ET Treasury Budget

2:30 PM ET Fed Chair Press Conference

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