DJIA Market Happenings For Friday, November 24, 2023 – IBM (IBM) 155.13 Up +10.11% YTD

Dow stocks hitting 52-week highs include IBM (IBM) 155.13 (+0.79%), Microsoft (MSFT) 3773.85 (+1.28%) and Visa (V) 253.72 (+0.59%). Dow stock 52-week lows include Chevron (CVX) 144.33 (+0.20%).

The Market

Premarket today, the Dow was indicated to be up +52 points.

Wednesday the Dow closed up +184.74 (+0.53%) at 35,273.03.

Year-to-date the Dow is up +5.86%.

Wednesday, (23) Dow stocks were up, (1) was at 52-week lows and (3) were at 52-week highs.

The Dow stock winners Wednesday were led by 3M (MMM) 95.37 (+1.47%), Nike (NKE) 107.92 (+1.29%) and Microsoft (MSFT) 377.85 (+1.28%).

The Dow stock losers Wednesday were led by Walgreens (WBA) 20.69 (-1.38%), Caterpillar (CAT) 246.01 (-1.36%) and Walmart (WMT) 154.67 (-0.76%).

The VIX closed Wednesday at 12.80 (-4.12%) and the 10 YR at 4.450 (+0.70%). The VIX is currently at 13.04 (+1.88%). The 10YR is at 4.476 (+0.06%).

Stocks are closing out a shortened trading week after the Thanksgiving holiday with a half-day session today. The U.S. stock market closes at 1 p.m.

A pause in fighting between Israel and Hamas began Friday. It’s the first temporary agreement of peace since war broke out in the region in mid-October. The truce, brokered by Qatar, Egypt and the U.S., is due to last four days and will allow for humanitarian aid deliveries as well as the exchange of hostages: Hamas has agreed to release 13 people abducted on Oct. 7, and Israeli forces will allow a number of detained Palestinian people to return home.

The major U.S. market indexes are on track for their fourth straight positive week. The Dow is up 0.93% for the week, and this would be its first four-week winning streak since April.

Microsoft (MSFT) has been the most impactful stock in the Dow, up +2.3% for the week.

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

The national average price of gasoline is down three-tenths of a cent at $3.265 per gallon.

Earnings Reports

Salesforce (CRM) reports earnings 11/30/23 after the close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 155.13 (+0.79%) is up +10.11% in 2023.

Financial Calendar

09:45 AM ET S&P Global US Manufacturing PMI (Nov), 49.8, 50.0
09:45 AM ET S&P Global Composite PMI (Nov), 50.7
09:45 AM ET S&P Global Services PMI (Nov), 50.4, 50.6
16:30 PM ET Fed’s Balance Sheet, 7,815B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.483T

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