The Dow Market Happenings For Monday, December 14, 2020

Dow stocks hitting 52 week highs include Disney (DIS) and Honeywell (HON). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +230 points.

Friday the Dow was up +47.11 (+0.16%) at 30,046.37.

Year-to-date the Dow is up +5.28%.

There were 8 Dow stocks up Friday.

The Dow stock winners Friday were led by Disney (DIS) 175.72 (+13.59%), Microsoft (MSFT) 213.26 (+1.30%) and Honeywell (HON) 214.63 (+1.25%).

The Dow stock losers Friday were led by Goldman Sachs (GS) 239.99 (-1.80%), Boeing (BA) 230.33 (-1.75%) and American Express (AXP) 120.23 (-1.32%).

Monday, the Covid-19 vaccine from Pfizer and BioNTech begins to roll out on emergency use basis. Monday’s first vaccinations in the U.S. come as cumulative coronavirus deaths in America near 300,000 with the seven-day average of fatalities running at more than 2,400. The government plans to distribute 2.9 million doses within 24 hours, followed by an additional 2.9 million doses 21 days later for patients to get their second shot. Pfizer plans to ship 50 million doses this year.

Presidential electors are set to meet Monday to formally choose Joe Biden as the nation’s next president. The results will be tallied in a joint session of Congress on Jan. 6, with Vice President Mike Pence presiding. There’s no reason to expect any defections this year. The electors’ votes have drawn more attention than usual in 2020 because Trump has refused to concede the election and has continued to make baseless allegations of fraud. Biden is planning to address the nation Monday night, after the electors have voted.

The Trump administration acknowledged reports that a group backed by a foreign government carried out a cyberattack on the Treasury Department and a section of the Commerce Department. The Washington Post linked the hack, which occurred over the weekend, to a group working for the Russian Foreign Intelligence Service. The latest revelation comes less than a month after Trump fired Christopher Krebs, the nation’s top cybersecurity official, accusing him of making “highly inaccurate” statements about the security of the 2020 presidential election. Russia has denied the allegations.

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

The national average price of gasoline is up one-tenth of a cent at $2.164 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

Visa (V)

Visa (V) 206.24 (-0.66%) is up +9.76% year-to-date. Visa (V) YTD low was 133.93 on 3/23/2020. Visa has provided a +53.99% gain off the YTD low.

Financial Calendar

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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