DJIA Market Happenings For Wednesday, December 30, 2020

Dow stocks hitting 52 week highs include Apple (AAPL) and Disney (DIS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +73 points.

Tuesday the Dow was down -68.30 (-0.22%) at 30,335.67.

Year-to-date the Dow is up +6.30%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) 49.39 (+4.93%), Amgen (AMGN) 226.87 (+1.44%) and Merck (MRK) 81.42 (+1.21%).

The Dow stock losers Tuesday were led by Apple (AAPL) 134.87 (-1.33%), Home Depot (HD) 266.19 (-1.14%) and Salesforce (CRM) 222.46 (-0.97%).

Tuesday, Senate Majority Leader Mitch McConnell (Republican) blocked an attempt by Senate Minority Leader Chuck Schumer (Democrat) to unanimously approve $2,000 coronavirus-aid stimulus checks cleared Monday by the Democrat-controlled House. The Kentucky Republican then introduced a new bill that ties the increase to the repeal of Section 230 of the Communications Decency Act. The bill would meet all of President Donald Trump’s recent demands, which are unrelated, but would not get Democratic support and become law.

The first case of a new strain of Covid-19 has been confirmed in the United States. The infected individual, a man in his 20s, does not have a history of traveling and is in isolation in Elbert County, about an hour and a half south of Denver. Preliminary analysis of the mutated strain, first identified in the U.K., suggests it could be as much as 70% more transmissible.

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

The national average price of gasoline is up one-tenth of a cent at $2.251 per gallon.

Earnings Reports

Walgreens (WBA) will report earnings on 1/7/2021 before the market open.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 84.61 (-0.35%) is down -29.79% year-to-date. Chevron (CVX) YTD low was 51.60 on 3/19/2020. Chevron has provided a +63.97% gain off the YTD low.

Financial Calendar

8:30 AM ET International Trade in Goods [Advance]

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

9:45 AM ET Chicago PMI

10:00 AM ET Pending Home Sales Index

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

3:00 PM ET Farm Prices

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