DJIA Market Happenings For Tuesday, December 12, 2023 – UnitedHealth (UNH) 543.68 Up +2.55% YTD

Dow stocks hitting 52-week highs include Boeing (BA) 248.08 (+1.38%), IBM (IBM) 163.51 (+0.96%) and Visa (V) 256.52 (+0.30%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +55 points.

Monday the Dow closed up +157.06 (+0.43%) at 36,404.93.

Year-to-date the Dow is up +9.83%.

Monday, (22) Dow stocks were up, none were at 52-week lows and (3) were at 52-week highs.

The Dow stock winners Monday were led by Intel (INTC) 44.54 (+4.31%), Honeywell (HON) 200.39 (+2.97%), Honeywell (HON) 200.39 (+2.97%) and Nike (NKE) 118.61 (+2.33%).

The Dow stock losers Monday were led by Verizon (VZ) 37.67 (-1.52%), Apple (AAPL) 193.18 (-1.29%) and UnitedHealth (UNH) 543.68 (-1.11%).

The VIX closed Monday at 12.63 (+2.27%) and the 10 YR at 4.217 (-0.54%). The VIX is currently at 12.42 (-1.66%). The 10YR is at 4.224 (-0.38%).

The consumer price index gained 0.1% in November from the prior month. Economists had expected CPI to be flat month over month. On a year-over-year basis, the print came in at 3.1%, in line with expectations. Excluding energy and food, CPI rose 0.3% month over month and 4% year over year, also matching expectations.

Tomorrow we get the Fed’s policy announcement, slated for 2 p.m. ET.

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

The national average price of gasoline is down 1.6 cents at $3.137 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

UnitedHealth (UNH)

UnitedHealth (UNH) 543.68 (-1.11%) is up +2.55% in 2023.

Financial Calendar

08:30 AM ET Core CPI (MoM) (Nov), 0.3%, 0.2%
08:30 AM ET Core CPI (YoY) (Nov), 4.0%, 4.0%
08:30 AM ET Core CPI Index (Nov), 311.37
08:30 AM ET CPI (YoY) (Nov), 3.1%, 3.2%
08:30 AM ET CPI (MoM) (Nov), 0.0%, 0.0%
08:30 AM ET CPI Index, n.s.a. (Nov), 306.90, 307.67
08:30 AM ET CPI Index, s.a (Nov), 307.62
08:30 AM ET CPI, n.s.a (MoM) (Nov), -0.04%
08:30 AM ET Real Earnings (MoM) (Nov), -0.1%
08:55 AM ET Redbook (YoY), 3.0%
11:00 AM ET Cleveland CPI (MoM) (Nov), 0.3%
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 30-Year Bond Auction, 4.769%
14:00 PM ET Federal Budget Balance (Nov), -301.1B, -67.0B
16:30 PM ET API Weekly Crude Oil Stock, 0.594M

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