US open: Dow Jones continues to march higher

by | Dec 27, 2023

(Sharecast News) – Wall Street stocks were mixed at the opening bell on Wednesday as the S&P 500 neared an all-time high.
As of 1520 GMT, the Dow Jones Industrial Average was up 0.14% at 37,596.15, while the S&P 500 was down 0.06% at 4,772.00 and the Nasdaq Composite came out the gate 0.09% weaker at 15,061.46.

The Dow opened 50.82 points higher on Wednesday, while the S&P 500 hovered near a record high, sitting within 0.5% of its best close.

As far as Wednesday’s headlines go, US mortgage applications dropped 1.5% in the week ended 15 December, according to the Mortgage Bankers Association, halting a six-week run of increases. Applications to refinance a home dropped by 2% month-on-month, but remained 18% higher year-on-year, while applications to purchase a home dropped 1%.

Last week’s fall comes despite benchmark Treasury yields continuing to decline following dovish signals sent by policymakers at the Federal Reserve.

Elsewhere, the Richmond Federal Reserve manufacturing index dropped to -11 in December, down from -5 in November and the lowest reading in ten months. However, December saw an increase in average growth rates for prices paid and prices received, along with a slight rise in expected price changes over the next 12 months.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones – Risers

Caterpillar Inc. (CAT) $298.65 1.02%
Intel Corp. (INTC) $50.98 0.95%
Walmart Inc. (WMT) $157.04 0.40%
Amgen Inc. (AMGN) $284.99 0.38%
Cisco Systems Inc. (CSCO) $50.46 0.35%
Walgreens Boots Alliance, Inc. (WBA) $26.68 0.26%
Goldman Sachs Group Inc. (GS) $382.51 0.23%
American Express Co. (AXP) $186.40 0.23%
Boeing Co. (BA) $263.29 0.19%
Chevron Corp. (CVX) $152.63 0.14%

Dow Jones – Fallers

Walt Disney Co. (DIS) $90.45 -0.55%
Apple Inc. (AAPL) $192.46 -0.31%
Verizon Communications Inc. (VZ) $37.37 -0.29%
Microsoft Corp. (MSFT) $373.74 -0.24%
3M Co. (MMM) $107.88 -0.22%
Procter & Gamble Co. (PG) $145.65 -0.20%
Nike Inc. (NKE) $107.87 -0.14%
Johnson & Johnson (JNJ) $155.97 -0.11%
International Business Machines Corporation (CDI) (IBM) $163.07 -0.08%
Travelers Company Inc. (TRV) $186.94 -0.08%

S&P 500 – Risers

Nektar Therapeutics (NKTR) $0.53 2.04%
Mohawk Inds Inc. (MHK) $104.08 1.40%
Dollar Tree Inc (DLTR) $141.71 1.21%
Westrock Company (WRK) $42.63 1.17%
Carmax Inc. (KMX) $77.07 1.17%
Dish Network Corp. (DISH) $5.26 1.15%
CenturyLink Inc. (LUMN) $1.82 1.11%
TripAdvisor Inc. (TRIP) $21.69 1.05%
Caterpillar Inc. (CAT) $298.65 1.02%
Freeport-McMoRan Inc (FCX) $43.26 0.99%

S&P 500 – Fallers

CME Group Inc. (CME) $209.48 -2.48%
Vornado Realty Trust (VNO) $29.41 -2.42%
Carnival Corp. (CCL) $18.32 -1.59%
Sl Green Realty Corp. (SLG) $47.02 -1.57%
Costco Wholesale Corp. (COST) $664.35 -1.52%
International Flavors & Fragrances Inc. (IFF) $81.19 -1.08%
Xcel Energy Inc. (XEL) $61.65 -0.96%
Macy’s Inc. (M) $20.13 -0.93%
Hanesbrands Inc. (HBI) $4.41 -0.90%
Albemarle Corp. (ALB) $151.19 -0.79%

Nasdaq 100 – Risers

Tesla Inc (TSLA) $262.59 2.33%
Dollar Tree Inc (DLTR) $141.71 1.21%
Dish Network Corp. (DISH) $5.26 1.15%
Mercadolibre Inc. (MELI) $1,592.24 0.99%
Intel Corp. (INTC) $50.98 0.95%
Meta Platforms Inc. (META) $357.71 0.81%
Cintas Corp. (CTAS) $606.86 0.74%
Amazon.Com Inc. (AMZN) $154.42 0.66%
Illumina Inc. (ILMN) $141.52 0.63%
Trip.com Group Limited (TCOM) $34.25 0.62%

Nasdaq 100 – Fallers

NetEase Inc. Ads (NTES) $88.21 -4.32%
Qurate Retail Inc. (QRTEA) $0.85 -2.49%
Costco Wholesale Corp. (COST) $664.35 -1.52%
CSX Corp. (CSX) $34.67 -0.79%
Hasbro Inc (HAS) $51.05 -0.68%
Gen Digital Inc. (GEN) $23.10 -0.52%
Vodafone Group Plc ADS (VOD) $8.73 -0.51%
American Airlines Group (AAL) $14.04 -0.50%
Micron Technology Inc. (MU) $86.64 -0.48%
Paychex Inc. (PAYX) $119.62 -0.47%

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