DJIA Market Happenings For Tuesday, November 28, 2023 – Johnson & Johnson (JNJ) 151.28 Down -14.36% YTD

Dow stocks hitting 52-week highs include IBM (IBM) 155.57 (+0.25%), Microsoft (MSFT) 378.61 (+0.31%) and Visa (V) 254.14 (-0.06%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -12 points.

Monday the Dow closed down -56.68 (-0.16%) at 35,333.47.

Year-to-date the Dow is up +6.60%.

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

The Dow stock winners Monday were led by 3M (MMM) 97.07 (+1.17%), Travelers (TRV) 178.61 (+0.60%) and Walmart (WMT) 156.77 (+0.45%).

The Dow stock losers Monday were led by Walgreens (WBA) 20.11 (-3.55%), Dow (DOW) 51.12 (-1.06%) and Disney (DIS) 95.17 (-0.93%).

The VIX closed Monday at 12.69 (+1.85%) and the 10 YR at 4.400 (+0.20%). The VIX is currently at 12.87 (+1.42%). The 10YR is at 4.573 (+0.04%).

Housing prices continued to move higher in September despite pressures in the real estate market and expectations that shelter costs will start falling. The S&P CoreLogic Case-Shiller index for 20 large markets in the U.S. posted a 12-month increase of 3.9%, according to data released Tuesday. That was in-line with the Dow Jones estimate and higher than the 2.1% gain in August. On a broader level, the measure converging all nine U.S. census divisions also posted a 3.9% annual increase, compared to 2.5% in August.

Fed speakers today include Chicago Fed President Austan Goolsbee, as well as Fed Governors Christopher Waller and Michelle Bowman.

Boeing (BA) the maker of 737 Max jetliners gained about 2% premarket after an upgrade to outperform at RBC Capital Markets. Analyst Ken Herber said the 2024 outlook for Boeing is more favorable as demand in both the company’s commercial and defense segments grow more sustainable.

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

The national average price of gasoline is down four-tenths of a cent at $3.246 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 151.28 (-0.80%) is down -14.36% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 3.4%
09:00 AM ET House Price Index (YoY) (Sep), 5.6%
09:00 AM ET House Price Index (MoM) (Sep), 0.4%, 0.6%
09:00 AM ET House Price Index (Sep), 411.8
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Sep), 1.0%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep), 4.2%, 2.2%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Sep), 0.4%
10:00 AM ET CB Consumer Confidence (Nov), 101.0, 102.6
10:00 AM ET Fed Goolsbee Speaks
10:00 AM ET Richmond Manufacturing Index (Nov), 1, 3
10:00 AM ET Richmond Manufacturing Shipments (Nov), 9
10:00 AM ET Richmond Services Index (Nov), -11
10:05 AM ET Fed Waller Speaks
10:30 AM ET Dallas Fed Services Revenues (Nov), 0.7
10:30 AM ET Texas Services Sector Outlook (Nov), -18.2
10:45 AM ET FOMC Member Bowman Speaks
11:30 AM ET 52-Week Bill Auction, 5.135%
13:00 PM ET 7-Year Note Auction, 4.908%
13:05 PM ET Fed Vice Chair for Supervision Barr Speaks
15:30 PM ET Fed Vice Chair for Supervision Barr Speaks
16:30 PM ET API Weekly Crude Oil Stock, 9.047M

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