The Dow Market Happenings For Thursday, December 28, 2023 – Cisco (CSCO) 50.44 Up +5.88% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 187.06 (+0.59%), Caterpillar (CAT) 298.12 (+0.84%), Intel (INTC) 50.76 (+0.51%) and JPMorgan (JPM) 169.40 (+0.60%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -55 points.

Wednesday the Dow closed up +111.19 (+0.30%) at 37,656.52.

Year-to-date the Dow is up +13.60%.

Wednesday, (21) Dow stocks were up, none were at 52-week lows and (4) were at 52-week highs.

The Dow stock winners Wednesday were led by Walmart (WMT) 157.88 (+0.94%), Amgen (AMGN) 286.53 (+0.93%) and Caterpillar (CAT)298.12 (+0.84%).

The Dow stock losers Wednesday were led by Nike (NKE) 107.13 (-0.82%), Disney (DIS) 90.38 (-0.63%) and Verizon (VZ) 37.31 (-0.45%).

The VIX closed Wednesday at 12.43 (-4.31%) and the 10 YR at 3.801 (+0.34%). The VIX is currently at 12.44 (+0.08%). The 10YR is at 3.808 (+0.53%).

Yesterday the Dow Jones Industrial Average notched a record close of 37,656.52 after advancing 0.3% during the session.

A U.S. appeals court dealt Apple (AAPL) a win Wednesday, temporarily halting an import ban on the tech giant’s popular smartwatches. The decision means Apple will be able to sell the devices despite a patent dispute with medical tech company Masimo, which claims the watches infringe on protected blood oxygen level sensing technology. The decision pauses the ban through Jan. 10. Apple said in a statement the impacted Watch models would be available to purchase both in stores and online as of Thursday.

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

The national average price of gasoline is down one-tenth of a cent at $3.121 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.

Boeing (BA)) reports earnings on 1/24/24 before the open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 50.44 (+0.32%) is up +5.88% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,875K, 1,865K
08:30 AM ET Goods Trade Balance (Nov), -88.40B, -89.56B
08:30 AM ET Initial Jobless Claims, 210K, 205K
08:30 AM ET Jobless Claims 4-Week Avg., 212.00K
08:30 AM ET Retail Inventories Ex Auto (Nov), -0.9%
08:30 AM ET Wholesale Inventories (MoM), -0.2%, -0.4%
10:00 AM ET Pending Home Sales (MoM) (Nov), 1.0%, -1.5%
10:00 AM ET Pending Home Sales Index (Nov), 71.4
10:30 AM ET Natural Gas Storage, -87B
11:00 AM ET Crude Oil Inventories, -2.600M, 2.909M
11:00 AM ET EIA Refinery Crude Runs (WoW), 0.403M
11:00 AM ET Crude Oil Imports, -0.117M
11:00 AM ET Cushing Crude Oil Inventories, 1.686M
11:00 AM ET Distillate Fuel Production, -0.114M
11:00 AM ET EIA Weekly Distillates Stocks, 1.000M, 1.485M
11:00 AM ET Gasoline Production, 0.496M
11:00 AM ET Heating Oil Stockpiles, -0.335M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), 2.2%
11:00 AM ET Gasoline Inventories, 0.400M, 2.710M
11:30 AM ET 4-Week Bill Auction, 5.265%
11:30 AM ET 8-Week Bill Auction, 5.270%
13:00 PM ET 7-Year Note Auction, 4.399%

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