Dow stocks at new 52 week highs include Visa (V). There are no Dow stock 52 week lows.
Premarket, the Dow was indicated to open up +85 points.
Friday, the Dow closed up +15.93 (+0.10%) at 15,755.36
Year-to-date the Dow is up +22.3%, Nasdaq +34.5%, S&P 500 +26.6% and Russell 2000 +33.2%.
Tuesday, the Fed starts its final policy meeting of the year. The Fed has been pumping $85 billion per month into the financial system since September 2012. It will announce any policy changes after it wraps up its two-day meeting Wednesday afternoon.
Exxon Mobil (XOM) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman.
European stocks are lower and Asian stocks ended mostly lower.
The national average price of gasoline over the weekend is down two cents to $3.228 per gallon.
Nike (NKE) is expected to report earnings on 12/19/13 after the market close.
Earnings reports from Friday include:
There were no notable earnings from Friday.
Other stocks expected to report earnings today include:
There are no notable earnings releases expected today.
Today’s Featured Dow Stock
Home Depot Inc. (HD) is up 27.74% year-to-date.
0830 ET Dec Empire manufacturing index expected +7.21 to 5.00, Nov -3.73 to -2.21.
0830 ET Revised Q3 non-farm productivity expected +2.8%, previous +1.9%. Revised Q3 unit labor costs expected 1.4%, previous -0.6%.
0915 ET Nov industrial production expected +0.6%, Oct -0.1% m/m. Nov manufacturing production expected +0.4%, Oct +0.3%. Nov capacity utilization expected +0.3 to 78.4%, Oct -0.2 to 78.1%.
1100 ET USDA weekly grain export inspections.