There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +97 points.
Wednesday the Dow was down -44.77 (-0.15%) at 30,154.54.
Year-to-date the Dow is up +5.82%.
There were 9 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Microsoft (MSFT) 219.28 (+2.41%), Salesforce (CRM) 223.62 (+1.58%) and Intel (INTC) 51.12 (+0.90%).
The Dow stock losers Wednesday were led by Walgreens (WBA) 40.44 (-2.15%), Honeywell (HON 210.31 (-1.80%) and Boeing (BA) 225.87 (-1.58%).
The Federal Reserve boosted its economic expectations slightly for the end of the year and for next year, according to the central bankâ€™s Summary of Economic Projections released Wednesday afternoon after its final two-day meeting of 2020. Fed Chairman Jerome Powell said stock prices are not necessarily high considering the low level of interest rates.
Unemployment insurance weekly claims in the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 853,000 to 862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous week’s revised average. The previous week’s average was revised up by 2,250 from 776,000 to 778,250. The advance seasonally adjusted insured unemployment rate was 3.8 percent for the week ending December 5, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 5 was 5,508,000, a decrease of 273,000 from the previous week’s revised level. The previous week’s level was revised up 24,000 from 5,757,000 to 5,781,000. The 4-week moving average was 5,726,250, a decrease of 215,500 from the previous week’s revised average. The previous week’s average was revised up by 6,000 from 5,935,750 to 5,941,750. The total number of continued weeks claimed for benefits in all programs for the week ending November 28 was
20,646,779, an increase of 1,603,281 from the previous week. There were 1,782,260 weekly claims filed for benefits in all programs in the comparable week in 2019.
European stocks are mostly higher and Asian markets ended higher.
The national average price of gasoline is up 1.3 cents at $2.203 per gallon.
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
Walmart (WMT) 145.43 (-0.10%) is up +22.38% year-to-date. Walmart (WMT) YTD low was 102.00 on 3/16/2020. Walmart has provided a +42.58% gain off the YTD low.
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