The Dow Market Happenings For Tuesday, December 19, 2023 – Apple (AAPL) 195.89 Up +50.77% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 182.76 (+1.25%), Salesforce (CRM) 263.59 (+0.76%), Home Depot (HD) 350.81 (-0.90%) and JPMorgan (JPM) 166.23 (+0.61%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +64 points.

Monday the Dow closed up +0.86 (+0.00%) at 37,306.02.

Year-to-date the Dow is up +12.55%.

Monday, (19) Dow stocks were up, none were at 52-week lows and (4) were at 52-week highs.

The Dow stock winners Monday were led by Procter & Gamble (PG) 146.17 (+1.54%), Walmart (MWT) 154.97 (+1.46%) and American Express (AXP) 182.76 (+1.25%).

The Dow stock losers Monday were Boeing (BA) 260.41 (-1.46%), Goldman Sachs (GS) 376.40 (-1.08%) and 3M (MMM) 105.87 (-1.04%).

The VIX closed Monday at 12.56 (+2.28%) and the 10 YR at 3.944 (-0.23%). The VIX is currently at 12.51 (-0.40%). The 10YR is at 3.908 (-1.14%).

So far in December the Dow is up +3.8% and hit a new high during Monday’s session.

Housing starts rose to a seasonally adjusted annual rate of 1.56 million units in November, more than the 1.36 million anticipated by economists. It was also the highest number since May when there were 1.583 million starts. Building permits came in at 1.46 million, slightly lower than the consensus estimate of 1.48 million.

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

The national average price of gasoline is up 1.4 cents at $3.080 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.

Walgreens (WBA) reports earnings on 1/4/24 before the open.

IBM (IBM) reports earnings on 1/12/24 before the open.

JPMorgan (JPM) reports earnings on 1/12/24 before the open.

UnitedHealth (UNH) reports earnings on 1/12/24 before the open.

Goldman Sachs (GS) reports earnings on 1/16/24 before the open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 195.89 (-0.85%) is up +50.77% in 2023.

Financial Calendar

08:30 AM ET Building Permits (Nov), 1.470M, 1.498M
08:30 AM ET Building Permits (MoM) (Nov), 1.8%
08:30 AM ET Housing Starts (MoM) (Nov), 1.9%
08:30 AM ET Housing Starts (Nov), 1.360M, 1.372M
08:55 AM ET Redbook (YoY), 3.4%
11:30 AM ET Atlanta Fed GDPNow (Q4), 2.6%, 2.6%
16:00 PM ET US Foreign Buying, T-bonds (Oct), -17.50B
16:00 PM ET Overall Net Capital Flow (Oct), -67.40B
16:00 PM ET TIC Net Long-Term Transactions (Oct), 45.8B, -1.7B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Oct), -1.70B
16:30 PM ET API Weekly Crude Oil Stock, -2.349M

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