DJIA Market Happenings For Thursday, December 14, 2023 – Verizon (VZ) 36.99 Down -6.12% YTD

Dow stocks hitting 52-week highs include Boeing (BA) 250.91 (+0.92%%), JPMorgan (JPM) 161.06 (+0.34%) and Visa (V) 262.38 (+1.09%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +187 points.

Wednesday the Dow closed up +512.30 (+1.40%) at 37,090.24.

Year-to-date the Dow is up +11.90%.

Wednesday, (27) Dow stocks were up, none were at 52-week lows and (3) were at 52-week highs.

The Dow stock winners Tuesday were led by Walgreens (WBA) 24.63 (+7.41%), Home Depot (HD) 343.40 (+3.06%) and Dow (DOW) 52.33 (+2.97%).

The Dow stock losers Tuesday were Verizon (VZ) 36.99 (-0.83%), IBM (IBM) 163.62 (-0.66%) and Microsoft (MSFT) 374.37 (-0.00%).

The VIX closed Wednesday at 12.19 (+0.99%) and the 10 YR at 3.954 (-1.39%). The VIX is currently at 12.00 (-1.46%). The 10YR is at 3.957 (-1.86%).

The Dow Jones Industrial Average on Wednesday closed above 37,000 for the first time ever.

Yesterday, Fed Chair Jerome Powell and his policy-setting central bankers indicated that they could cut their benchmark rate three times next year.

The 10-year Treasury note yield has dropped below 4% for the first time since August.

Initial claims for unemployment insurance totaled a seasonally adjusted 202,000 for the week ended Dec. 9, a decline of 19,000 from the previous week and the lowest total since mid-October, according to the Labor Department. Economists had been looking for 220,000.

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

The national average price of gasoline is down 1.7 cents at $3.104 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

Verizon (VZ)

Verizon (VZ) 36.99 (-0.83%) is down -6.12% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,876K, 1,887K, 1,856K
08:30 AM ET Core Retail Sales (MoM) (Nov), 0.2%, -0.1%, 0.1%
08:30 AM ET Export Price Index (YoY), -5.2%, -4.9%
08:30 AM ET Export Price Index (MoM) (Nov), -0.9%, -1.0%, -0.9%
08:30 AM ET Import Price Index (MoM) (Nov), -0.4%, -0.8%, -0.6%
08:30 AM ET Import Price Index (YoY), -1.4%, -2.0%
08:30 AM ET Initial Jobless Claims, 202K, 220K, 221K
08:30 AM ET Jobless Claims 4-Week Avg., 213.25K, 221.00K
08:30 AM ET Retail Control (MoM) (Nov), 0.4%, 0.2%
08:30 AM ET Retail Sales (YoY) (Nov), 4.09%, 2.24%
08:30 AM ET Retail Sales (MoM) (Nov), 0.3%, -0.1%, -0.2%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Nov), 0.6%, 0.1%
10:30 AM ET Natural Gas Storage, -54B, -117B
11:30 AM ET 4-Week Bill Auction, 5.285%
11:30 AM ET 8-Week Bill Auction, 5.275%
11:30 AM ET Atlanta Fed GDPNow (Q4), 1.2%, 1.2%
16:30 PM ET Fed’s Balance Sheet, 7,737B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.497T

Both comments and pings are currently closed.

Comments are closed.