The Dow Market Happenings For Thursday, June 18, 2020

Dow stocks at 52 week highs include Apple (AAPL). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -265 points.

Wednesday the Dow was down -170.37 (-0.65%) at 26,119.61.

Year-to-date the Dow is down -8.48%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Pfizer (PFE) +0.48%, Home Depot (HD) +0.36% and Visa (V) +0.35%.

The Dow stock losers Wednesday were led by Exxon Mobil (XOM) -3.26%, Chevron (CVX) -2.65% and Boeing (BA) -2.64%.

Unemployment insurance weekly claims in the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week’s revised level. The previous week’s level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease of 234,500 from the previous week’s revised average. The previous week’s average was revised up by 6,000 from 2,002,000 to 2,008,000. The advance seasonally adjusted insured unemployment rate was 14.1 percent for the week ending June 6, unchanged from the previous week’s revised rate. The previous week’s rate was revised down by 0.3 from 14.4 to 14.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 6 was 20,544,000, a decrease of 62,000 from the previous week’s revised level. The previous week’s level was revised down by 323,000 from 20,929,000 to 20,606,000. The 4-week moving average was 20,814,750, a decrease of 1,092,000 from the previous week’s revised average. The previous week’s average was revised down by 80,750 from 21,987,500 to 21,906,750. The total number of people claiming benefits in all programs for the week ending May 30 was 29,140,557, a decrease of 375,522 from the previous week. There were 1,562,476 persons claiming benefits in all programs in the comparable week in 2019.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up six-tenths of a cent at $2.111 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/25/2020 after the market close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is down -16.12% year-to-date. Merck (MRK) YTD low was 65.25 on 3/23/2020. That’s a +14.47% gain from the 2020 low.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Business Outlook Survey

10:00 AM ET Leading Indicators

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 2-Yr FRN Note Announcement

11:00 AM ET 2-Yr Note Announcement

11:00 AM ET 5-Yr Note Announcement

11:00 AM ET 7-Yr Note Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 5-Yr TIPS Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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