The Dow Market Happenings For Monday, January 6, 2020

Dow stocks at 52 week highs include United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -191 points.

Friday the Dow was down -233.92 (-0.81%) at 28,634.88.

Year-to-date the Dow is up +0.34%.

There were 24 Dow stocks up Friday.

The Dow stock winner Friday was United Technologies (UTX) +0.14%.

The Dow stock losers Friday were led by Dow (DOW) -2.47%, Cisco (CSCO) -1.63%, Caterpillar (CAT) -1.39%, JPMorgan (JPM) -1.32% and Microsoft (MSFT) -1.25%.

Exxon Mobil (XOM) said its fourth-quarter operating results will decline from a year ago, according to a regulatory filing. Exxon now sees a loss in its chemicals unit and a sharply lower operating profit in refining. The energy giant is due to report fourth-quarter earnings on Jan. 31.

The Boeing (BA) 737 Max jet may face more issues before the grounded jet can return to service, according to multiple reports. The Wall Street Journal said the Federal Aviation Administration may mandate more training for 737 Max pilots, and Boeing has confirmed a New York Times report saying an internal audit uncovered issues with electronic wiring that control the jet’s tail. Additionally, the Journal reports Boeing is considering raising new debt, to bolster finances which have been strained by the 737 MAX grounding.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.584 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/2019 after the market close of $0.52, missing estimates calling for $0.618 per share.

Walgreens (WBA) reports earnings on 1/8/2020 before the market open.

JPMorgan (JPM) reports earnings on 1/14/2020 before the market open.

Goldman Sachs (GS) reports earnings on 1/15/2020 before the market open.

UnitedHealth (UNH) reports earnings on 1/15/2020 before the market open.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +2.40% year-to-date.

Financial Calendar

9:45 AM ET PMI Services Index

12:30 PM ET TD Ameritrade IMX

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