The Dow Market Happenings For Tuesday, December 8, 2020

Dow stocks hitting 52 week highs include Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -110 points.

Monday the Dow was down -148.47 (-0.49%) at 30,069.79.

Year-to-date the Dow is up +5.37%.

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) 238.17 (+2.35%), Apple (AAPL) 123.75 (+1.23%) and Nike (NKE) 138.75 (+1.14%).

The Dow stock losers Monday were led by Intel (INTC) 50.20 (-3.43%), Dow (DOW) 53.21 (-3.34%) and Chevron (CVX) 90.76 (-2.70%).

Lawmakers on Capitol Hill plan to extend federal government funding, which runs out Saturday, for an additional week. They’re hoping to buy more time to pull together an appropriations spending deal and a coronavirus stimulus measure. However, the usual sticking points have emerged as a bipartisan group tries to put the finishing touches on legislation that they hope will serve as the template for a year-end $908 billion rescue package. Failure to act on stimulus before the end of the year would send millions of Americans spiraling into deeper financial peril. Failure to act further on spending would result in a government shutdown.

Trump is expected to sign an executive order Tuesday designed to ensure that U.S. efforts to assist other countries in vaccinating their populations against Covid-19 take on a lower priority than domestic inoculations. Pfizer and Moderna, which have vaccines under consideration by the FDA, declined Trump’s invitation to attend Tuesday’s “Vaccine Summit” at the White House. Invitees included drug distributors, pharmacies and logistics companies such as McKesson, Walgreens Boots Alliance, CVS Health, UPS and FedEx.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.159 per gallon.

Earnings Reports

Nike (NKE) will report earnings on 12/18/2020 after the market close. Nike closed at 138.75 (+1.14%) on Monday 12/7/2020. It was a 52 week high.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 138.75 (+1.14%) is up +36.96% year-to-date. Nike (NKE) YTD low was 60.00 on 3/18/2020. Nike has provided a +131.25% gain off the YTD low.

Financial Calendar

6:00 AM ET NFIB Small Business Optimism Index

8:30 AM ET Productivity and Costs

8:55 AM ET Redbook

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 3-Yr Note Auction

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