Dow stocks hitting 52-week highs include Apple (AAPL) 247.77 (+0.41%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +78 points.

Tuesday the Dow closed down -154.10 (-0.35%) at 44,247.83.

Year-to-date the Dow is up +17.40%.

Tuesday, (11) Dow stocks were up, none made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Boeing (BA) 164.10 (+4.50%), American Express (AXP) 302.11 (+1.82%) and Honeywell (HON) 229.08 (+1.77%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 388.39 (-2.72%), Nvidia (NVDA) 135.07 (-2.69%) and Merck (MRK) 101.00 (-2.69%).

The VIX closed Tuesday at 14.18 (-0.07%) and the 10 YR at 4.222 (-0.02%). The VIX is currently at 13.65 (-3.74%). The 10YR is at 4.214 (-0.21%).

Consumer prices rose at a faster annual pace in November. The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was 0.1 percentage point higher than October. Excluding food and energy costs, core CPI was at 3.3% on an annual basis and 0.3% monthly. The 12-month core reading was unchanged from a month ago. All of the numbers were in line with consensus estimates. The report further solidified the outlook for a cut, with traders raising the odds to 99%. If the Fed follows through with a cut next week, it will have taken a full percentage point off the federal funds rate since September.

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

The national average price of gasoline is down nine-tenths of a cent at $3.020 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 12/19/24 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 164.10 (+4.50%) is down -37.04% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.69%
07:00 AM ET MBA Mortgage Applications (WoW), 2.8%
07:00 AM ET MBA Purchase Index, 161.5
07:00 AM ET Mortgage Market Index, 213.9
07:00 AM ET Mortgage Refinance Index, 498.5
07:00 AM ET OPEC Monthly Report
08:30 AM ET Core CPI (MoM) (Nov), 0.3%, 0.3%
08:30 AM ET Core CPI (YoY) (Nov), 3.3%, 3.3%
08:30 AM ET Core CPI Index (Nov), 321.67
08:30 AM ET CPI (MoM) (Nov), 0.3%, 0.2%
08:30 AM ET CPI (YoY) (Nov), 2.7%, 2.6%
08:30 AM ET CPI Index, n.s.a. (Nov), 315.66
08:30 AM ET CPI Index, s.a (Nov), 315.45
08:30 AM ET CPI, n.s.a (MoM) (Nov), 0.12%
08:30 AM ET Real Earnings (MoM) (Nov), 0.1%
10:30 AM ET Crude Oil Inventories, -5.073M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.615M
10:30 AM ET Crude Oil Imports, 1.635M
10:30 AM ET Cushing Crude Oil Inventories, 0.050M
10:30 AM ET Distillate Fuel Production, 0.219M
10:30 AM ET EIA Weekly Distillates Stocks, 3.383M
10:30 AM ET Gasoline Production, -0.248M
10:30 AM ET Heating Oil Stockpiles, 0.242M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 2.8%
10:30 AM ET Gasoline Inventories, 2.362M
11:00 AM ET Cleveland CPI (MoM) (Nov), 0.3%
11:00 AM ET Thomson Reuters IPSOS PCSI (Dec), 55.71
13:00 PM ET 10-Year Note Auction, 4.347%
14:00 PM ET Federal Budget Balance (Nov), -325.0B, -257.0B