The Dow Market Happenings For Friday, December 15, 2023 – Walgreens (WBA) 25.14 Down -32.71% YTD

Dow stocks hitting 52-week highs include Apple (AAPL) 198.11 (+0.08%). Boeing (BA) 256.24 (+2.12%), Goldman Sachs (GS) 383.47 (+5.72%), Home Depot (HD) 351.81 (+2.45%), Intel (INTC) 45.18 (+1.37%), JPMorgan (JPM) 163.99 (+1.82%) and Visa (V) 258.73 (-1.39%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +13 points.

Thursday the Dow closed up +158.11 (+0.43%) at 37,248.35.

Year-to-date the Dow is up +12.37%.

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

The Dow stock winners Thursday were led by Caterpillar (CAT) 285.17 (+6.42%), Goldman Sachs (GS) 383.47 (+5.72%) and Chevron (CVX) 149.93 (+3.68%).

The Dow stock losers Thursday were UnitedHealth (UNH) 534.24 (-2.69%), Procter & Gamble (PG) 144.66 (-2.64%) and Microsoft (MSFT) 365.93 (-2.25%).

The VIX closed Thursday at 12.48 (+2.38%) and the 10 YR at 3.948 (+0.46%). The VIX is currently at 12.19 (-2.32%). The 10YR is at 3.922 (-0.20%).

The Dow is higher on the week by 2.8%.

Stocks rallied this week after the Federal Reserve on Wednesday admitted that its efforts to tamp down inflation are taking hold, and indicated three interest rate cuts are coming in 2024, buoying investor sentiment. The November retail sales data that came in stronger than expected on Thursday, following this week’s cooler inflation readings, added to hopes the Federal Reserve could navigate a soft landing.

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

The national average price of gasoline is down 1.7 cents at $3.087 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

Walgreens (WBA)

Walgreens (WBA) 25.14 (+2.07%) is down -32.71% in 2023.

Financial Calendar

08:30 AM ET NY Empire State Manufacturing Index (Dec), 2.00, 9.10
09:15 AM ET Capacity Utilization Rate (Nov), 79.1%, 78.9%
09:15 AM ET Industrial Production (YoY) (Nov), -0.68%
09:15 AM ET Industrial Production (MoM) (Nov), 0.3%, -0.6%
09:15 AM ET Manufacturing Production (MoM) (Nov), 0.4%, -0.7%
09:45 AM ET S&P Global US Manufacturing PMI (Dec), 49.3, 49.4
09:45 AM ET S&P Global Composite PMI (Dec), 50.7
09:45 AM ET S&P Global Services PMI (Dec), 50.6, 50.8
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 503
13:00 PM ET U.S. Baker Hughes Total Rig Count, 626
15:30 PM ET CFTC Aluminium speculative net positions, 5.7K
15:30 PM ET CFTC Copper speculative net positions, -2.0K
15:30 PM ET CFTC Corn speculative net positions, -110.4K
15:30 PM ET CFTC Crude Oil speculative net positions, 169.0K
15:30 PM ET CFTC Gold speculative net positions, 203.5K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 8.4K
15:30 PM ET CFTC Natural Gas speculative net positions, -111.1K
15:30 PM ET CFTC S&P 500 speculative net positions, -47.3K
15:30 PM ET CFTC Silver speculative net positions, 36.3K
15:30 PM ET CFTC Soybeans speculative net positions, 20.3K
15:30 PM ET CFTC Wheat speculative net positions, -67.1K
16:00 PM ET TIC Net Long-Term Transactions, 45.8B, -1.7B

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