Dow stocks hitting 52 week highs include Goldman Sachs (GS) and Nike (NKE). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -19 points.
Monday the Dow was up +37.40 (+0.12%) at 30,216.45.
Year-to-date the Dow is up +5.88%.
There were 8 Dow stocks up Monday.
The Dow stock winners Monday were led by Goldman Sachs (GS) 256.98 (+6.13%), Nike (NKE) 144.02 (+4.91%) and JPMorgan (JPM) 123.55 (+3.75%).
The Dow stock losers Monday were led by Intel (INTC) 46.36 (-2.32%), IBM (IBM) 123.39 (-1.95%) and Coca Cola (KO) 52.81 (-1.73%).
Congress passed a $900 billion Covid relief measure. The pandemic aid, which had been stalled for months and months, includes a $300-per-week federal unemployment supplement through mid-March and $600 in direct payments to most Americans. It puts $284 billion into Paycheck Protection Program small business loans, while providing funds for Covid testing, contact tracing and vaccine distribution. The measure also extends the federal eviction moratorium through Jan. 31, funding $25 billion in rental assistance. It also provides $15 billion in payroll support for U.S. airlines if they call back employees who were furloughed this fall and keep employees on payrolls through the end of March.
European stocks are mostly higher and Asian markets ended lower.
The national average price of gasoline is up 1.6 cents at $2.237 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
American Express (AXP) 116.41 (-0.94%) is down -6.49% year-to-date. American Express (AXP) YTD low was 67.00 on 3/18/2020. American Express has provided a +73.75% gain off the YTD low.
Financial Calendar
8:30 AM ET GDP
8:30 AM ET Corporate Profits
8:55 AM ET Redbook
10:00 AM ET Consumer Confidence
10:00 AM ET Existing Home Sales
10:00 AM ET Richmond Fed Manufacturing Index
11:00 AM ET 4-Week Bill Announcement
11:00 AM ET 8-Week Bill Announcement
1:00 PM ET 5-Yr TIPS Auction