DJIA Market Happenings For Tuesday, December 15, 2020

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

The Market

Premarket today, the Dow was indicated to open up +160 points.

Monday the Dow was down -184.82 (-0.62%) at 29,861.55.

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

There were 6 Dow stocks up Monday.

The Dow stock winners Monday were led by McDonald’s (MCD) 211.92 (+2.00%), Intel (INTC) 50.47 (+1.49%) and Amgen (AMGN) 229.46 (+0.91%).

The Dow stock losers Monday were led by Disney (DIS) 169.30 (-3.65%), Chevron (CVX) 89.44 (-3.26%) and Johnson & Johnson (JNJ) 149.07 (-2.54%).

The Fed begins its final two-day policy meeting of 2020 on Tuesday. Interest rates near zero are not expected to be changed Wednesday afternoon, but expanded bond buying could be on the table.

President-elect Joe Biden called for unity and healing in a deeply divided nation Monday night, hours after electors across the country certified his Electoral College victory over President Donald Trump. He also slammed Trump for unfounded claims of voter fraud, saying the Supreme Court “sent a clear signal to President Trump that they would be no part of an unprecedented assault on democracy.”

Attorney General William Barr will as head of the Justice Department depart before Christmas. The widely anticipated announcement came just moments after Biden’s victory over Trump was formalized by the Electoral College.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up eight-tenths of a cent at $2.172 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

Verizon (VZ)

Verizon (VZ) 59.98 (-0.61%) is down -2.31% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. Verizon has provided a +18.14% gain off the YTD low.

Financial Calendar

FOMC Meeting Begins

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

9:15 AM ET Industrial Production

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

4:00 PM ET Treasury International Capital

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