The Dow Market Happenings For Tuesday, December 5, 2023 – Merck (MRK) 105.06 Down -5.31% YTD

Dow stocks hitting 52-week highs include IBM (IBM) 161.10 (+0.34%) and Visa (V) 254.44 (-0.78%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -135 points.

Monday the Dow closed down 41.06 (-0.11%) at 36,204.44.

Year-to-date the Dow is up +9.22%.

Monday, (15) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Monday were led by 3M (MMM) 103.44 (+3.60%), Merck (MRK) 105.06 (+1.55%) and Nike (NKE) 115.15 (+1.47%).

The Dow stock losers Monday were led by Salesforce (CRM) 250.56 (-3.59%), Intel (INTC) 42.35 (-3.18%) and Microsoft (MSFT) 369.14 (-1.43%).

The VIX closed Monday at 13.08 (+3.56%) and the 10 YR at 4.261 (-0.65%). The VIX is currently at 13.36 (+2.14%). The 10YR is at 4.213 (-0.73%).

The Fed is currently in a “blackout period,” meaning there will be limited comments from central bank officials ahead of its policy meeting next week.

The Labor Department’s Job Openings and Labor Turnover Survey is anticipated to fall to 9.4 million open, unfilled job listings in October, down from September’s 9.553 million. That report is due at 10 a.m. ET.

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

The national average price of gasoline is down 1.3 cents at $3.229 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

Merck (MRK)

Merck (MRK) 105.06 (+1.55%) is down -5.31% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 6.3%
09:45 AM ET S&P Global Composite PMI (Nov), 50.7, 50.7
09:45 AM ET S&P Global Services PMI (Nov), 50.8, 50.6
10:00 AM ET IBD/TIPP Economic Optimism, 45.2, 44.5
10:00 AM ET ISM Non-Manufacturing Business Activity (Nov), 54.1
10:00 AM ET ISM Non-Manufacturing Employment (Nov), 50.2
10:00 AM ET ISM Non-Manufacturing New Orders (Nov), 55.5
10:00 AM ET ISM Non-Manufacturing PMI (Nov), 52.0, 51.8
10:00 AM ET ISM Non-Manufacturing Prices (Nov), 58.6
10:00 AM ET JOLTs Job Openings (Oct), 9.350M, 9.553M
16:30 PM ET API Weekly Crude Oil Stock, -0.817M

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