Dow stocks hitting 52 week highs include Goldman Sachs (GS) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -1 points.
Tuesday the Dow was up +167.71 (+0.55%) at 30,391.60.
Year-to-date the Dow is down -0.70%.
There were 22 Dow stocks up Tuesday.
The Dow stock winners Tuesday were led by Boeing (BA) 211.63 (+4.40%), Dow (DOW) 55.80 (+3.26%) and Chevron (CVX) 87.00 (+2.70%).
The Dow stock losers Tuesday were led by Visa (V) 214.51 (-1.49%), UnitedHealth (UNH) 344.80 (-1.34%) and Coca Cola (KO) 52.18 (-1.10%).
Democrat Raphael Warnock won one of Tuesday’s Senate runoff races in Georgia, according to NBC News projections, beating Republican Sen. Kelly Loeffler to become the state’s first Black senator. In Georgia’s other runoff election, with nearly all the votes counted, Democrat Jon Ossoff was leading Republican David Perdue, whose Senate term expired Sunday.
The final step in confirming Joe Biden as the next president is set for Wednesday afternoon as Congress convenes to certify that he defeated President Donald Trump in the Electoral College vote. With Biden’s 306 electoral votes, 36 more than needed. The process would normally be a formality, but Trump Republicans plan futile objections.
A new strain of the coronavirus that emerged in South Africa, like the one discovered recently in the U.K., is proving to be far more transmissible. While able to spread more easily, scientists do not believe either variant is deadlier. But being more transmissible means more people can get infected, which could mean more serious infections and more fatalities. Hoping to stop the spread of the variant found in the U.K., Prime Minister Boris Johnson announced Monday a new national lockdown order for England until at least mid-February. On Monday, New York Gov. Andrew Cuomo announced the first case of the strain in the U.K. was found in upstate.
The U.S. private sector unexpectedly shed jobs in December as employment trends weakened sharply across the country before Congress passed its latest virus-relief package. Private payrolls fell by 123,000 during the final month of 2020, according to ADP’s closely watched report, marking the first monthly decline since April. This followed a revised increase of 304,000 jobs in November. Economists expected to see 75,000 jobs come back in December.
European stocks are mostly higher and Asian markets ended mostly higher.
The national average price of gasoline is up 1.1 cents at $2.272 per gallon.
Earnings Reports
Walgreens (WBA) will report earnings on 1/7/2021 before the market open.
JPMorgan (JPM) will report earnings on 1/15/2021 before the market open.
Goldman Sachs (GS) will report earnings on 1/19/2021 before the market open.
Today’s Featured Dow Stock
Home Depot (HD) 266.05 (+0.81%) is up +0.16% in 2021.
Financial Calendar
7:00 AM ET MBA Mortgage Applications
8:15 AM ET ADP Employment Report
9:45 AM ET PMI Composite Final
10:00 AM ET Factory Orders
10:30 AM ET EIA Petroleum Status Report
2:00 PM ET FOMC Minutes