The Dow Market Happenings For Tuesday, December 26, 2023 – Caterpillar (CAT) 290.36 Up +21.21% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 185.57 (+0.42%) and Intel (INTC) 48.00 (+1.95%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +22 points.

Friday the Dow closed down -18.38 (-0.05%) at 37,385.97.

Year-to-date the Dow is up +12.84%.

Friday, (22) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 48.00 (+1.95%), Amgen (AMGN) 284.16 (+1.73%) and Merck (MRK) 107.70 (+1.23%).

The Dow stock losers Friday were led by Nike (NKE) 108.04 (-11.83%), Disney (DIS) 91.02 (-1.09%) and Boeing (BA) 260.44 (-0.60%).

The VIX closed Friday at 13.02 (-4.54%) and the 10 YR at 3.882 (-0.69%). The VIX is currently at 13.74 (+5.45%). The 10YR is at 3.906 (-0.08%).

It’s the last trading week of 2023.

Intel (INTC) rises more than 2% before the bell after Israel’s government gave the chipmaker a $3.2 billion grant for a $25 billion plant in the country’s south.

A Commerce Department report Friday showed that personal consumption expenditures prices in November fell for the first time since April 2020.

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

The national average price of gasoline is down one-tenth of a cent at $3.126 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) reported earnings on 12/21/23 after the close with $1.03, beating estimates of $0.839 per share.

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

Caterpillar (CAT)

Caterpillar (CAT) 290.36 (+0.10%) is up +21.21% in 2023.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Nov), -0.49
09:00 AM ET House Price Index (YoY) (Oct), 6.1%
09:00 AM ET House Price Index (MoM) (Oct), 0.5%, 0.6%
09:00 AM ET House Price Index (Oct), 414.8
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Oct), 0.7%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Oct), 0.2%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Oct), 5.0%, 3.9%
10:30 AM ET Dallas Fed Mfg Business Index (Dec), -19.9
11:30 AM ET 3-Month Bill Auction, 5.260%
11:30 AM ET 6-Month Bill Auction, 5.130%
13:00 AM ET 2-Year Note Auction, 4.887%
13:00 AM ET 52-Week Bill Auction, 4.935%
13:00 AM ET M2 Money Supply (MoM) (Nov), 20.73T

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