The Dow Market Happenings For Wednesday, December 16, 2015

Dow stocks at 52 week highs include McDonald’s (MCD).There are no Dow stock 52 week lows

The Market

Premarket today, the Dow was indicated to open up +100 points.

Tuesday, the Dow was up +156.41 (+0.90%) at 17,524.91.

Year-to-date the Dow is down -1.67%.

There were 25 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Exxon Mobil (XOM) +4.47% and Chevron (CVX) +3.64%.

The Dow stock losers Tuesday were led by 3M (MMM) -6.03% and Dupont (DD) -2.09%.

The Fed ends its 2-day meeting.

Chevron (CVX +3.84%) was raised to ‘Buy’ from ‘Hold’ at Argus Research.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.011 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) is down -6.10% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +1.2% with purchase sub-index unch and refi sub-index +3.5%.

0830 ET Nov housing starts expected +6.6% to 1.130 million, Oct -11.0% to 1.060 million. Nov building permits expected -0.7% to 1.153 million, Oct +5.1% to 1.161 million.

0915 ET Nov industrial production expected -0.1% m/m, Oct -0.2%. Nov capacity utilization expected -0.1 to 74.4%, Oct 77.5%. Nov manufacturing production expected unch m/m, Oct +0.4%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision expected +25 bp rate hike to 0.25%-0.50% range from 0.00%-0.25%.

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