DJIA Market Happenings For Monday, December 21, 2020

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -405 points.

Friday the Dow was down -124.32 (-0.41%) at 30,179.05.

Year-to-date the Dow is up +5.75%.

There were 12 Dow stocks up Friday.

The Dow stock winners Friday were led by Dow (DOW) 55.66 (+3.40%), Cisco (CSCO) 45.44 (+1.38%) and Caterpillar (CAT) 180.96 (+1.00%).

The Dow stock losers Friday were led by Intel (INTC) 47.46 (-6.30%), Nike (NKE) 137.28 (-2.29%) and Apple (AAPL) 126.655 (-1.59%).

Wall Street under pressure on concerns about new Covid strain, however, doctors say vaccines still likely effective on new variants.

Lawmakers plan to vote Monday on a combined $900 billion compromise Covid-19 relief package and a $1.4 trillion plan to fund the government through September. The coronavirus aid deal, which saw fits and starts for months and months in Washington, includes a $300 per week federal boost to state unemployment benefits, a $600 direct payment to most Americans, along with a new round of subsidies for hard-hit businesses and money for schools, health providers and renters facing eviction. In a statement, Biden said the $900 billion plan “provides critical temporary support,” but he added that it’s “just the beginning.” In the new year, Democrats are expected to push for aid for state and local governments. That was left out of the current bill, in a compromise with Republicans who shelved their desire for liability protections for businesses.

Biden plans to get his first dose of coronavirus vaccine on live television Monday. The president-elect has defended his decision, recently saying, “I don’t want to get ahead of the line, but I want to make sure we demonstrate to the American people that it is safe to take.” Vice President Mike Pence, House Speaker Nancy Pelosi, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and other lawmakers were given shots Friday. Vice President-elect Kamala Harris is expected to receive her first shot next week. It’s not clear when outgoing President Donald Trump, who recovered from Covid-19 this fall, would be vaccinated. The White House has said he’s still discussing timing with his doctors.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.221 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/18/2020 after the market close of $0.78, beating estimates calling for $0.632 per share.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 228.49 (-1.19%) is down -5.22% year-to-date. Amgen (AMGN) YTD low was 177.05 on 3/23/2020. Amgen has provided a +29.05% gain off the YTD low.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

1:00 PM ET 20-Yr Bond Auction

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