DJIA Market Happenings For Wednesday, December 27, 2023 – Salesforce (CRM) 266.22 Up +100.01% YTD

Dow stocks hitting 52-week highs include Intel (INTC) 50.50 (+5.21%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -22 points.

Tuesday the Dow closed up +159.36 (+0.43%) at 37,545.33.

Year-to-date the Dow is up +13.27%.

Tuesday, (21) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Intel (INTC) 50.50 (+5.21%), Caterpillar (CAT) 295.63 (+1.81%) and 3M (MMM) 108.11 (+1.67%).

The Dow stock losers Tuesday were led by Apple (AAPL) 193.05 (-0.28%), Walmart (WMT) 156.41 (-0.15%) and Amgen (AMGN) 283.90 (-0.09%).

The VIX closed Tuesday at 12.99 (-0.31%) and the 10 YR at 3.893 (+0.21%). The VIX is currently at 12.97 (-0.15%). The 10YR is at 3.838 (-1.21%).

Looks like we are having a “Santa Claus Rally,” a period comprised of the last five trading days of an ending year and first two of a new one.

The Dow has gained +4.4% in December.

The Dow has gained +12.1% in the fourth quarter.

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

The national average price of gasoline is down four-tenths of a cent at $3.122 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.

Travelers (TRV) reports earnings on 1/19/24 before the open.

3M (MMM) reports earnings on 1/23/24 before the open.

Johnson & Johnson (JNJ) reports earnings on 1/23/24 before the open.

Procter & Gamble (PG) reports earnings on 1/23/24 before the open.

Verizon (VZ) reports earnings on 1/23/24 before the open.

Microsoft (MSFT) reports earnings on 1/23/24 after the close.

Visa (V) reports earnings on 1/23/24 after the close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 266.22 (-0.05%) is up +100.01% in 2023.

Financial Calendar

10:00 AM ET Richmond Manufacturing Index (Dec), -7, -5
10:00 AM ET Richmond Manufacturing Shipments (Dec), -8
10:00 AM ET Richmond Services Index (Dec), 1
10:30 AM ET Dallas Fed Services Revenues (Dec), -2.4
10:30 AM ET Texas Services Sector Outlook (Dec), -11.6
13:00 PM ET 5-Year Note Auction, 4.420%
16:30 PM ET API Weekly Crude Oil Stock, 0.939M

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