The Dow Market Close for Week Ending Friday, June 08, 2012

The Dow closed up +93.24 (+0.75%) at 12,554.20. It’s first higher Friday close in a long while. All the other indices were up too.

For the week, DJIA was up +3.6%, Nasdaq +4.0%, S&P 500 +3.7% and Russell 2000 +4.3%.

Year-to-date, DJIA is up +2.8%, Nasdaq +9.7%, S&P 500 +5.4% and Russell 2000 +3.8%.

Only 4 of the Dow 30 stocks closed lower today, they were MCD (-0.71%), AA,PG and BA.

Leading the 26 Dow stocks higher were WMT (+3.57%), JPM, HD, VZ, BAC, INTC, MSFT and DIS.

Walt Disney Co. (DIS) and Wal-Mart Stores (WMT) both hit new 52-week highs today.

Wal-Mart (WMT) was today’s big winner in the Dow, rising 3.57% as it cashed in on renewed growth. Wal-Mart set another multi-year high, and with the business starting to fire on all cylinders, Wal-Mart is well positioned for the current economic conditions.

JPMorgan Chase (JPM ) rose 2.65% in the face of pressure from the Federal Reserve to increase capital requirements at big U.S. banks. However, the bank did recently get a vote of confidence from former Federal Reserve Chief Alan Greenspan, who dismissed its hedge-related trading losses as inconsequential. Ultimately, even multibillion-dollar losses will pale in comparison with whether JPMorgan is able to promote future growth amid higher banking capital requirements.

Home Depot (HD) was up +2.17% today. Home Depot is back to within 1% of a new decade-high stock price. Hopefully the home-improvement retailer can keep executing on its strategy to capture renovation, remodeling and full-scale construction.

New High of the Day – Wal-Mart (WMT).

New High of the Day – Walt Disney Co. (DIS).

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