The Dow Market Happenings For Thursday, May 28, 2020

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +210 points.

Wednesday the Dow was up +553.16 (+2.21%) at 25,548.27.

Year-to-date the Dow is down -10.48%.

There were 27 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by American Express (AXP) +7.33%, Goldman Sachs (GS) +6.94% and JPMorgan (JPM) +5.79%.

The Dow stock losers Wednesday were Walmart (WMT) -1.11%, Pfizer (PFE) -0.21% and Visa (V) -0.21%.

Unemployment insurance weekly claims in the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week’s revised level. The previous week’s level was revised up by 8,000 from 2,438,000 to 2,446,000. The 4-week moving average was 2,608,000, a decrease of 436,000 from the previous week’s revised average. The previous week’s average was revised up by 2,000 from 3,042,000 to 3,044,000. The advance seasonally adjusted insured unemployment rate was 14.5 percent for the week ending May 16, a decrease of 2.6 percentage points from the previous week’s revised rate. The previous week’s rate was revised down by 0.1 from 17.2 to 17.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 16 was 21,052,000, a decrease of 3,860,000 from the previous week’s revised level. The previous week’s level was revised down by 161,000 from 25,073,000 to 24,912,000. The 4-week moving average was 22,722,250, an increase of 760,250 from the previous week’s revised average. The previous week’s average was revised down by 40,250 from 22,002,250 to 21,962,000.

First-quarter gross domestic product (GDP) was downwardly revised to show a 5.0% annualized decline, from the 4.8% previously reported.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up four-tenths of a cent at $1.968 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is down -54.10% year-to-date. Boeing (BA) YTD low was 89.00 on 3/18/2020.

Financial Calendar

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

10:00 AM ET Pending Home Sales Index

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET EIA Petroleum Status Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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