The Dow Market Happenings For Friday, December 1, 2023 – McDonald’s (MCD) 281.84 Up +6.95% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 251.90 (+9.36%), IBM (IBM) 158.56 (+1.37%), UnitedHealth (UNH) 552.97 (+3.36%) and Visa (V) 256.68 (+0.96%). Dow stock 52-week lows include Walgreens (WBA) 19.94 (-0.20%).

The Market

Premarket today, the Dow was indicated to be down -36 points.

Thursday the Dow closed up +520.47 (+1.47%) at 35,950.89.

Year-to-date the Dow is up +8.46%.

Thursday, (25) Dow stocks were up, (1) was at 52-week lows and (4) were at 52-week highs.

The Dow stock winners Thursday were led by Salesforce (CRM) 251.90 (9.36%), UnitedHealth (UNH) 552.97 (+3.36%) and Boeing (BA) 231.63 (+3.21%).

The Dow stock losers Thursday were led by Intel (INTC) 44.70 (-0.53%), Walmart (WMT) 155.69 (-0.25%) and Chevron (CVX) 143.60 (-0.22%).

The VIX closed Thursday at 12.92 (-0.46%) and the 10 YR at 4.327 (+1.41%). The VIX is currently at 12.94 (+0.15%). The 10YR is at 4.344 (-0.006%).

Traders are waiting to see what Federal Reserve Chair Jerome Powell will say later today. Powell is speaking in a fireside chat at 11 a.m. ET at Spelman College. November’s big rally was due in part to traders beginning to believe the Fed was done raising rates and that the central bank may even start cutting them in the first half of next year. The Fed next decides on rates on Dec. 13.

Shares of Disney (DIS) were up nearly 0.4% before the bell on Friday, a day after the entertainment conglomerate announced it would reinstate its stock dividend at 30 cents a share. The company plans to record this dividend on December 11, payable January 10, 2024.

In November, the Dow Jones Industrial Average surged 520 points, or 1.47%, to settle at 35,950.89.

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

The national average price of gasoline is up two-tenths of a cent at $3.248 per gallon.

Earnings Reports

Salesforce (CRM) reported earnings 11/29/23 after the close with $2.11, beating estimates of $1.512 per share.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 281.84 (+1.12%) is up +6.95% in 2023.

Financial Calendar

09:30 AM ET Dallas Fed PCE (Oct), 4.00%
09:45 AM ET S&P Global US Manufacturing PMI (Nov), 49.4, 50.0
10:00 AM ET Construction Spending (MoM) (Oct), 0.4%, 0.4%
10:00 AM ET Fed Goolsbee Speaks
10:00 AM ET ISM Manufacturing Employment (Nov), 46.8
10:00 AM ET ISM Manufacturing New Orders Index (Nov), 45.5
10:00 AM ET ISM Manufacturing PMI (Nov), 47.6, 46.7
10:00 AM ET ISM Manufacturing Prices (Nov), 46.2, 45.1
11:00 AM ET Fed Chair Powell Speaks
11:30 AM ET Atlanta Fed GDPNow (Q4), 2.1%, 2.1%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 500
13:00 PM ET U.S. Baker Hughes Total Rig Count, 622
15:30 PM ET CFTC Aluminium speculative net positions, 6.3K
15:30 PM ET CFTC Copper speculative net positions, -3.5K
15:30 PM ET CFTC Corn speculative net positions, -124.0K
15:30 PM ET CFTC Crude Oil speculative net positions, 207.3K
15:30 PM ET CFTC Gold speculative net positions, 171.7K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 5.0K
15:30 PM ET CFTC Natural Gas speculative net positions, -120.3K
15:30 PM ET CFTC S&P 500 speculative net positions, -80.1K
15:30 PM ET CFTC Silver speculative net positions, 27.5K
15:30 PM ET CFTC Soybeans speculative net positions, 73.8K
15:30 PM ET CFTC Wheat speculative net positions, -77.5K

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