The Dow Market Happenings For Tuesday, December 24, 2013

Dow stocks at new 52 week highs include American Express (AXP), JPMorgan (JPM) and Visa (V) There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open up +10 points and the Santa Rally continues.

Monday, the Dow closed up +73.47 (+0.45%) at 16,294.61.

Year-to-date the Dow is up +24.35%.

United Technologies’ (UTX) Sikorsky Aircraft unit was awarded a $724 million government contract modification fund for program year three for 33 UH-60M helicopters and 24 HH-60M helicopters along with associated program management and integrated logistics support.

It’s Christmas Eve and markets close at 1:00 pm ET.

Hope everyone has a very Merry Christmas!

European stocks are higher and Asian stocks ended mixed.

The national average price of gasoline is up eight-tenths of a cent to $3.258 per gallon.

Earnings Reports.

There are no Dow earnings scheduled in the near term.

Earnings reports from Monday include:

There were no notable earnings reports yesterday.

Other stocks expected to report earnings today include:

There are no notable earnings reports expected today.

Today’s Featured Dow Stock

McDonald’s Corp. (MCD)

McDonald’s Corp. (MCD) is up +9.17% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -5.5% with purchase sub-index -6.1% and refi sub-index -4.3%.

0830 ET Nov durable goods orders expected +2.0% and +0.7% ex transportation, Oct -1.6% and +0.4% ex transportation.

0900 ET Nov FHFA house price index expected +0.5% m/m, Oct +0.3% m/m.

1000 ET Nov new home sales expected -0.9% to 440,000, Oct +25.4% to 444,000.

1000 ET Dec Richmond Fed manufacturing index expected -3 to 10, Nov +12 to 13.

1315 ET Early closes for CME interest rate and stock index futures.

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