There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open down -66 points.
Wednesday the Dow was up +369.04 (+1.52%) at 24,575.90.
Year-to-date the Dow is down -13.88%.
There were 24 Dow stocks up Wednesday.
The Dow stock winners Wednesday were Disney (DIS) +4.85%, Intel (INTC) +4.66% and American Express (AXP) +3.98%.
The Dow stock losers Wednesday were led by Johnson & Johnson (JNJ) -0.90%, Merck (MRK) -0.85% and UnitedHealth (UNH) -0.37%.
In the week ending May 16, the advance figure for seasonally adjusted initial claims was 2,438,000, a decrease of 249,000 from the previous week’s revised level. The previous week’s level was revised down by 294,000 from 2,981,000 to 2,687,000. The 4-week moving average was 3,042,000, a decrease of 501,000 from the previous week’s revised average. The previous week’s average was revised down by 73,500 from 3,616,500 to 3,543,000. The advance seasonally adjusted insured unemployment rate was 17.2 percent for the week ending May 9, an increase of 1.7 percentage points from the previous week’s revised rate. The previous week’s rate was revised down by 0.2 from 15.7 to 15.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 9 was 25,073,000, an increase of 2,525,000 from the previous week’s revised level. The previous week’s level was revised down by 285,000 from 22,833,000 to 22,548,000. The 4-week moving average was 22,002,250, an increase of 2,313,500 from the previous week’s revised average. The previous week’s average was revised down by 71,250 from 19,760,000 to 19,688,750.
Boeing (BA) was rated “outperform” in new coverage at RBC Capital Markets. The firm notes the risks associated with the airline industry in general and uncertainty surrounding the return of Boeing’s grounded 737 Max jet, but said the stock has a favorable risk/reward profile and that the company’s defense business is undervalued.
European stocks are lower and Asian markets ended lower.
The national average price of gasoline is up 1.8 cents at $1.926 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
Walgreens (WBA) is down -31.92% year-to-date. Walgreens (WBA) YTD low was 36.65 on 5/14/2020.
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