Dow stocks at 52 week highs include Intel (INTC) and Microsoft (MSFT). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open down -29 points.
Wednesday the Dow was up +306.33 (+1.26%) at 24,667.78.
Year-to-date the Dow is down -0.21%.
There were 27 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Exxon Mobil (XOM) +3.93% and Chevron (CVX) +3.11%.
The Dow stock losers Wednesday were led by Cisco (CSCO) -0.28% and Apple (AAPL) -0.21%.
Unemployment insurance weekly claims in the week ending May 26, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 13,000 from the previous week’s unrevised level of 234,000. The 4-week moving average was 222,250, an increase of 2,500 from the previous week’s unrevised average of 219,750. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 19, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 19 was 1,726,000, a decrease of 16,000 from the previous week’s revised level. The previous week’s level was revised up 1,000 from 1,741,000 to 1,742,000. The 4-week moving average was 1,743,500, a decrease of 8,500 from the previous week’s revised average. This is the lowest level for this average since December 15, 1973 when it was 1,735,750. The previous week’s average was revised up by 250 from 1,751,750 to 1,752,000.
European stocks are mostly higher and Asian markets ended higher.
The national average price of gasoline is down four-tenths of a cent at $2.959 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
Procter & Gamble (PG) is down -18.49% year-to-date.
11:30 Challenger Job Cuts (May), 36.1K
11:30 Challenger Job Cuts (YoY), -1.4%
12:30 Continuing Jobless Claims, 1,749K, 1,741K
12:30 Core PCE Price Index (YoY) (Apr), 1.8%, 1.9%
12:30 Core PCE Price Index (MoM) (Apr), 0.1%, 0.2%
12:30 Initial Jobless Claims, 234K, 234K
12:30 Jobless Claims 4-Week Avg., 219.75K
12:30 PCE Deflator (MoM), 0.0%
12:30 PCE Deflator (YoY), 2.0%
12:30 Personal Income (MoM) (Apr), 0.3%, 0.3%
12:30 Personal Spending (MoM) (Apr), 0.4%, 0.4%
12:30 Real Personal Consumption (MoM) (Apr), 0.4%
13:45 Bloomberg Consumer Confidence, 55.2
13:45 Chicago PMI (May), 58.2, 57.6
14:00 Pending Home Sales (MoM) (Apr), 1.1%, 0.4%
14:00 Pending Home Sales Index (Apr), 107.6
14:30 Distillate Fuel Production, -0.093M
14:30 Gasoline Production, -0.410M
14:30 Heating Oil Stockpiles, 0.451M
14:30 Natural Gas Storage, 102B, 91B
15:00 Crude Oil Inventories, 2.214M, 5.778M
15:00 Cushing Crude Oil Inventories, -1.123M
15:00 EIA Weekly Distillates Stocks, -0.951M
15:00 Gasoline Inventories, 1.883M
15:10 Dallas Fed PCE (Apr), 1.50%
16:30 FOMC Member Bostic Speaks
17:00 FOMC Member Brainard Speaks