The Dow Market Happenings For Monday, December 11, 2023 – Travelers (TRV) 181.26 Up +2.89% YTD

Dow stocks hitting 52-week highs include Boeing (BA) 244.70 (+3.11%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -22 points.

Friday the Dow closed up +130.49 (+0.36%) at 36,247.87.

Year-to-date the Dow is up +9.35%.

Friday, (17) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Friday were led by Boeing (BA) 244.70 (+3.11%), Goldman Sachs (GS) 350.83 (+1.80%) and Chevron (CVX) 144.31 (+1.33%).

The Dow stock losers Friday were led by Honeywell (HON) 194.61 (-1.61%), Walmart (WMT) 150.86 (-1.05%) and Verizon (VZ) 38.25 (-1.03%).

The VIX closed Friday at 12.35 (-5.44%) and the 10 YR at 4.230 (+2.50%). The VIX is currently at 13.11 (+6.15%). The 10YR is at 4.272 (+0.027%).

The Fed meets this week and is expected to maintain the fed funds rate steady in the 5.25%-5.5% range. Chair Jerome Powell is also expected to reiterate his commitment to lowering inflation in his press conference on Wednesday.

The November consumer price index is due out on Tuesday, while the producer price index is set for release on Wednesday. CPI in November dropped 0.5% year-on-year to its lowest level since November 2020 and below the 0.2% fall seen in October. November PPI fell 3.0% year-on-year, more than the 2.6% drop in October and remained in deflationary territory for the 13th straight month. A Reuters poll had estimated it to drop 2.8% in November.

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

The national average price of gasoline is down five-tenths of a cent at $3.153 per gallon.

Earnings Reports

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

Nike (NKE) reports earnings on 12/21/23 after the close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) 181.26 (-0.36%) is up +2.89% in 2023.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Nov), 114.16
11:00 AM ET 1-Year Consumer Inflation Expectations, 3.60%
11:30 AM ET 3-Year Note Auction, 4.701%
11:30 AM ET 6-Month Bill Auction, 5.190%
13:00 PM ET 10-Year Note Auction, 4.519%
13:00 PM ET 3-Month Bill Auction, 5.250%

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