There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Boeing (BA).
Premarket today, the Dow was indicated to open up +280 points.
Monday the Dow closed down -433.28 (-1.23%) at 34,932.16.
Year-to-date the Dow is up +14.13%.
There were 6 Dow stocks up Monday.
The Dow stock winners Monday were led by Merck (MRK) 76.41 (+0.95%), Home Depot (HD) 389.40 (+0.37%) and Walmart (WMT) 139.20 (+0.32%).
The Dow stock losers Monday were led by Travelers (TRV) 153.53 (-2.95%), Caterpillar (CAT) 195.46 (-2.93%) and Nike (NKE) 156.98 (-2.71%).
NOTE: Two of yesterday’s top Dow stock losers are in today’s top Dow stock winners, Walmart (WMT) and Home Depot (HD).
Nike (NKE) is up +3.6% this morning following better-than-expected quarterly earnings and revenue, despite supply chain disruptions.
The White House will deploy 1,000 military medical personnel to support hospitals facing a surge of patients infected with Covid this winter, and it will purchase 500 million at-home tests that Americans can order online for free with delivery beginning in January, according to senior administration officials. President Joe Biden will announce the plan in a speech later Tuesday.
The Centers for Disease Control and Prevention said Monday that omicron is now the dominant variant of Covid in the U.S., representing about 73% of the sequenced cases. The delta strain made up 26.6% of U.S. infections for the week ended Dec. 18. Just a week earlier, delta represented 87% of cases and omicron was just 12.6%. The CDC had previously published initial data for the week ended Dec. 11, showing omicron cases at 2.9%. It later upwardly revised that estimate. Omicron was first detected in southern Africa in late November and labeled a “variant of concern” by the World Health Organization on Nov. 26.
The Senate will vote on Biden’s sweeping $1.75 trillion social safety net and climate policy legislation in January despite Democratic Sen. Joe Manchin’s opposition to it. Senate Majority Leader Chuck Schumer, D-N.Y., wants to put every senator’s position on the record. It’s unclear whether Democrats would try to pass a smaller, similar measure that includes only parts of the so-called Build Back Better Act. In an interview Monday with a West Virginia radio host, Manchin said he wants to see his party send the bill back to congressional committees. Personally, I’m hoping this ends up badly for him in West Virginia.
U.S. futures are higher, European stocks are higher and Asian markets ended higher.
The national average price of gasoline is down six-tenths of a cent at $3.302 per gallon.
Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.
Today’s Featured Dow Stock
Apple (AAPL) 169.75 (-0.81%) is up +27.93% in 2021.
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