DJIA Market Happenings For Tuesday, December 15, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include American Express (AXP)

The Market

Premarket today, the Dow was indicated to open up +147 points.

Monday, the Dow was up +103.29 (+0.60%) at 17,368.50.

Year-to-date the Dow is down -2.55%.

There were 22 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) -3.34% and Exxon Mobil (XOM) +2.27%.

The Dow stock losers Monday were led by Dupont (DD) -3.58% and Boeing (BA) -1.12%.

The Fed begins its 2-day meeting.

Boeing (BA -1.12%) raised its quarterly dividend to $1.09 a share from 91 cents, higher than expectations of a hike to $1.02, and then raised its stock buyback authorization to $14 billion from $12 billion.

Chevron (CVX +3.34%) was rated a new ‘Outperform’ at CLSA with a price target of $95 and ConocoPhillips (COP +2.91%) was also rated a new ‘Outperform’ at CLSA with a price target of $52.

Verizon Communications (VZ +1.41%) was downgraded to ‘Neutral’ from ‘Buy’ at BTIG.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.013 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 12/22/15 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is up +19.75% year-to-date.

Financial Calendar

0830 ET Dec Empire manufacturing survey of general business conditions expected +3.74 to -7.00, Nov +0.62 to -10.74.

0830 ET Nov CPI expected unch m/m and +0.5% y/y, Oct +0.2% m/m and +0.2% y/y. Nov CPI ex food & energy expected +0.2% m/m and+2.0% y/y, Oct +0.2% m/m and +1.9% y/y.

0930 ET FOMC begins 2-day policy meeting.

1000 ET Dec NAHB housing market index expected +1 to 63, Nov -3 to 62.

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