The Dow Market Happenings For Tuesday, December 17, 2019

Dow stocks at 52 week highs include Apple (AAPL), Goldman Sachs (GS), JPMorgan (JPM), Merck (MRK), Microsoft (MSFT), Nike (NKE), Procter & Gamble (PG), UnitedHealth (UNH) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up 3 points.

Monday the Dow was up +100.51 (+0.36%) at 28,235.89.

Year-to-date the Dow is up +21.04%.

There were 23 Dow stocks up Monday.

The Dow stock winners Monday were led by UnitedHealth (UNH) +2.29%, Pfizer (PFE) +2.11% and Apple (AAPL) +1.71%.

The Dow stock losers Monday were led by Boeing (BA) -4.29%, American Express (AXP) -0.83% and Intel (INTC) -0.16%.

Boeing (BA) shares are nearing their lowest point of the year after the company said it plans to suspend production of the 737 Max jet starting in January. Boeing is halting production of the 737 Max starting in January. The planemaker is still waiting for the US Federal Aviation Administration to certify the jet so it can be returned to service. In the meantime, new orders for the 737 Max have dried up. Boeing has kept making about 42 of the planes per month. But it’s now sitting on an inventory of about 400 that it can’t afford to keep growing. “We believe this decision is least disruptive to maintaining long-term production system and supply chain health,” the company said in a press release. Boeing’s stock fell more than 4% Monday and is down another 1.8% in premarket trading.

House leaders unveiled a $1.4 trillion government-wide spending package with an unusually large load of unrelated provisions. A House vote is slated for today on the sprawling package and also a vote on impeaching President Donald Trump. House Democrats are pushing to add several health-care provisions to the spending bill that must pass by Dec. 20 to avoid a government shutdown.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.550 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +25.44% year-to-date.

Financial Calendar

8:30 AM ET Housing Starts

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET JOLTS

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