DJIA Market Happenings For Wednesday, December 8, 2021 – Microsoft (MSFT) +50.58% YTD


Dow stocks hitting 52-week highs include Apple (AAPL), Chaevron (CVX), McDonald’s (MCD) and Procter & Gamble (PG). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +25 points.

Tuesday the Dow closed up +492.40 (+1.40%) at 35,719.43.

Year-to-date the Dow is up +16.71%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by American Express (AXP) 166.95 (+3.90%), Apple (AAPL) 171.18 (+3.54%) and Salesforce (CRM) 266.99 (+3.18%).

The Dow stock losers Tuesday were led by Merck (MRK) 72.28 (-1.55%), Verizon (VZ) 50.79 (-0.55%) and 3M (MMM) 176.55 (-0.37%).

U.S. stock futures reversed higher and pointed to gains for a third day on Wednesday after Pfizer said three doses of its vaccine are effective at neutralizing the omicron variant.

Pfizer said Wednesday a third Covid vaccine shot produces antibody levels comparable with those induced by the initial two-dose series against the original strain, which are associated with a high level of protection. “Ensuring as many people as possible are fully vaccinated with the first two dose series and a booster remains the best course of action to prevent the spread of COVID-19,” Pfizer CEO Albert Bourla said in a joint statement with BioNTech.

The House took a first step toward preventing a possible default on U.S. debt. The chamber on Tuesday passed a bill that would allow the Senate to raise the country’s borrowing limit with a simple majority vote. Lawmakers attached the provision to legislation that would prevent automatic Medicare cuts set to take place at the end of the year. The measure heads to the Senate where it will need 10 Republican votes to pass and go to President Joe Biden’s desk. Treasury Secretary Janet Yellen has estimated the U.S. will hit its debt ceiling on Dec. 15.

U.S. futures are higher, European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is down six-tenth of a cent at $3.343 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 12/20/2021 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 334.92 (+2.68%) is up +50.58% in 2021.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism
07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
10:00 AM ET JOLTs Job Openings
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates
10:30 AM ET Gasoline Inventories
11:00 AM ET Thomson Reuters IPSOS PCSI

The Dow Market Happenings For Tuesday, December 7, 2021 – Goldman Sachs (GS) +47.62% YTD


Dow stocks hitting 52-week highs include Home Depot (HD) and Procter & Gamble (PG). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +326 points.

Monday the Dow closed up +646.95 (+1.87%) at 35,227.03.

Year-to-date the Dow is up +15.10%.

There were 2 Dow stocks up Monday.

The Dow stock winners Monday were led by Walgreens (WBA) 48.30 (+3.80%), Boeing (BA) 205.88 (+3.72%), Intel (INTC) 50.99 (+3.53%) and Visa (V) 202.68 (+3.24%).

The Dow stock losers Monday were led by Nike (NKE) 168.91 (-0.78%) and Verizon (VZ) 51.07 (+0.68%).

Dow futures jump as investors grow less worried about the new Covid omicron variant.

Intel (INTC) rose about 7.5% in Tuesday’s premarket, the morning after the Silicon Valley chipmaker announced plans to take its Mobileye unit public in mid-2022. Intel bought the Israeli autonomous driving firm for $15.3 billion in 2017, as part of an effort to branch out into new markets. Intel said it will remain majority shareholder of Mobileye, which was founded in Jerusalem by Amnon Shashua and Ziv Aviram in 1999. Over the years, Mobileye has partnered with Tesla, BMW, Volvo and General Motors. Last July, it signed a deal with Ford to support the automaker’s next generation of advanced driving and safety features.

U.S. futures are higher, European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down nine-tenth of a cent at $3.349 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 389.30 (+1.72%) is up +47.62% in 2021.

Financial Calendar

08:30 AM ET Exports
08:30 AM ET Imports
08:30 AM ET Nonfarm Productivity
08:30 AM ET Trade Balance
08:30 AM ET Unit Labor Costs
08:55 AM ET Redbook
10:00 AM ET IBD/TIPP Economic Optimism
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction
15:00 PM ET Consumer Credit
16:30 PM ET API Weekly Crude Oil Stock

DJIA Market Happenings For Monday, December 6, 2021 – Dow (DOW) -4.38% YTD

Dow stocks hitting 52-week highs include Procter & Gamble (PG). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +244 points.

Friday the Dow closed down -59.71 (-0.17%) at 34,580.08.

Year-to-date the Dow is up +12.98%.

There were 15 Dow stocks up Friday.

The Dow stock winners Friday were led by Walgreens (WBA) 46.53 (+4.28%), Procter & Gamble (PG) 149.88 (+1.78%) and IBM (IBM) 118.84 (+1.66%).

The Dow stock losers Friday were led by Microsoft (MSFT) 323.01 (-1.97%), Boeing (BA) 198.49 (-1.92%) and JPMorgan (JPM) 158.29 (-1.81%).

The Dow is set to rebound after its worst weekly losing streak of the year.

The 10-year Treasury yield ticked higher early Monday but remained below 1.4%.

The Federal Reserve is likely to decide to double the pace of its taper to $30 billion a month at its upcoming December meeting, recent comments from Fed officials suggest. Initial discussions could also begin about when to raise interest rates and by how much next year. Fed Chair Jerome Powell, in testimony last week, supported the idea of a faster taper and made a dramatic shift when he said the major economic concern regarding omicron was inflation, because if it caused another Covid spike it might keep people out of work and worsen supply constraints. The central bank chief did nothing in his testimony to dissuade the market that the current pricing in of two rate hike rates next year was wrong. The Fed’s final scheduled policy meeting of the year is next week.

Early indications suggest the highly mutated omicron variant may be less dangerous than the highly contagious delta strain, according to U.S. health officials. While delta remains the dominant form of the coronavirus in the U.S., omicron has been detected in about one-third of U.S. states less than two weeks after South Africa reported the new variant to the World Health Organization. American officials continued to urged people to get vaccinated and to receive booster shots, as well as take precautions such as wearing masks indoors in public. They said anything that helps protect against delta will also help protect against other variants.

U.S. futures are higher, European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $3.358 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 53.07 (-0.21%) is down -4.38% in 2021.

Financial Calendar

10:00 AM ET CB Employment Trends Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction