DJIA Market Happenings For Thursday, December 2, 2021 – Chevron (CVX) Up +32.74% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Amgen (AMGN), Disney (DIS) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +93 points.

Wednesday the Dow closed down -652.22 (-1.86%) at 34,483.72.

Year-to-date the Dow is up +12.67%.

There were 7 Dow stocks up Wednesday.

Boeing (BA) rose over 4.5% in premarket trading after China’s aviation regulator on Thursday cleared the way for the troubled 737 Max to return to flying there.

Before the bell, weekly jobless claims showed a lower-than-expected rise to 222,000 after the prior week’s downwardly revised 194,000, the lowest level in more than five decades. The government on Friday issues its November employment report.

The House reached a deal on a short-term government funding bill that would prevent a shutdown before a Friday deadline. The measure would fund the government at current levels through Feb. 18. The House could vote on the legislation Thursday. Both chambers of Congress need to pass a spending bill by Friday to prevent a lapse in funding. If the House were to approve the bill, the Senate could still pose problems as lawmakers rush to avoid a crisis. Any senator has the ability to stop the bill’s quick passage. It is unclear whether Senate leaders can reach an agreement that would allow for a quick vote on the spending bill.

The Biden administration is tightening travel rules to and within the U.S., requiring all in-bound international passengers to test for Covid within 24 hours of their departures and extending mask requirements on all domestic flights and public transportation through March 18. The changes, announced Thursday, were part of a broader plan to bolster the nation’s fight against the virus as the world enters its third year of the pandemic. There’s also a new urgency as scientists race to find out more about the omicron variant, first discovered in South Africa and revealed Friday. The U.S. has joined at least 23 other countries that have identified omicron cases so far, and that number is expected to rise in the coming days and weeks.

President Joe Biden on Thursday asked businesses to voluntarily move forward with the administration’s Covid vaccine and testing requirements, even as the rules face court challenges. The Justice Department last week asked the U.S. Appeals Court for the 6th Circuit to immediately reinstate the vaccination and testing requirements. Biden administration officials told the court that “the threat to workers is ongoing and overwhelming.” The request comes as U.S. and international health officials are concerned that omicron, which has roughly 50 mutations, could prove more transmissible than past strains of the virus and may evade vaccine protection to some degree.

U.S. futures are mostly higher, European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down seven-tenths of a cent at $3.378 per gallon.

Earnings Reports

Salesforce (CRM) reported earnings on 11/30/2021 after the close with $1.27, beating estimates of $0.278 per share.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 112.10 (-0.68%) is up +32.74% in 2021.

Financial Calendar

07:30 AM ET Challenger Job Cuts
08:00 AM ET All Car Sales
08:00 AM ET All Truck Sales
08:30 AM ET Continuing Jobless Claims
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
10:30 AM ET Natural Gas Storage
11:00 AM ET FOMC Member Quarles Speaks
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
11:30 AM ET FOMC Member Barkin Speaks
11:30 AM ET FOMC Member Bostic Speaks
11:30 AM ET FOMC Member Daly Speaks

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