Dow stocks at 52 week highs include Johnson & Johnson (JNJ) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open down -7 points.
Wednesday the Dow was up +37.46 (+0.18%) at 21,173.69.
Year-to-date the Dow is up +7.14%.
There were 17 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Nike (NKE) +1.43% and UnitedHealth (UNH) +1.32%.
The Dow stock losers Wednesday were led by Coca Cola (KO) -1.02% and Caterpillar (CAT) -0.99%.
The number of Americans filing for unemployment benefits fell last week. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 245,000 for the week ended June 3. Claims had surged by 20,000 in the prior week, with California, Tennessee, Kansas, and Missouri accounting for the bulk of the increase. Some of that increase was related to school summer breaks in which bus drivers and cafeteria workers were left temporarily unemployed. Claims have now been below 300,000, a threshold associated with a healthy labor market, for 118 straight weeks. The labor market is near full employment, with the jobless rate at a 16-year low of 4.3 percent. Economists had forecast first-time applications for jobless benefits falling to 240,000 in the latest week.
European stocks are mostly higher and Asian markets ended mostly higher.
The national average price of gasoline is down six-tenths of a cent at $2.358 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
IBM (IBM) is down -9.04% year-to-date.
0830 ET Weekly initial unemployment claims expected -8,000 to 240,000, previous +13,000 to 248,000. Weekly continuing claims expected +5,000 to 1.920 million, previous -9,000 to 1.915 million.
0830 ET USDA weekly Export Sales.
1100 ET Treasury announces amount or 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Jun 12-13.