DJIA Market Happenings For Thursday, December 12, 2019

Dow stocks at 52 week highs include Apple (AAPL) and Verizon (VZ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -27 points.

Wednesday the Dow was up +29.58 (+0.11%) at 27,911.30.

Year-to-date the Dow is up +19.65%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by United Technologies (UTX) +1.31%, Disney (DIS) +1.02% and Apple (AAPL) +0.85%.

The Dow stock losers Wednesday were led by Home Depot (HD) -1.81%, Chevron (CVX) -1.41% and Walgreens (WBA) -0.68%.

Chevron (CVX) announced Tuesday that it will write down nearly $11 billion in assets in the fourth quarter. That could have a $1.32-per-share negative impact on S&P 500 earnings in the fourth quarter.

Unemployment insurance weekly claims in the week ending December 7, the advance figure for seasonally adjusted initial claims was 252,000, an increase of 49,000 from the previous week’s unrevised level of 203,000. This is the highest level for initial claims since September 30, 2017 when it was 257,000. The 4-week moving average was 224,000, an increase of 6,250 from the previous week’s unrevised average of 217,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 30, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 30 was 1,667,000, a decrease of 31,000 from the previous week’s revised level. The previous week’s level was revised up 5,000 from 1,693,000 to 1,698,000. The 4-week moving average was 1,676,000, a decrease of 6,250 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 1,681,000 to 1,682,250.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is down two-tenths of a cent at $2.571 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 12/19/2019 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) is up +11.39% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET PPI-FD

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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