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 own -82 points.
Wednesday, the Dow was up +64.33 (+0.36%) at 18,076.27.
Year-to-date the Dow is up +1.42%.
There were 21 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Home Depot (HD) +1.41% and JPMorgan (JPM) +1.03%.
The Dow stock losers Wednesday were led by Verizon (VZ) -1.62% and Chevron (CVX) -0.40%.
Verizon Communications (VZ) fell in premarket trading after JPMorgan Chase downgraded the stock to ‘Neutral’ from ‘Overweight.’
Boeing (BA) was awarded a $466.5 million government contract for missile guidance repair on the Minuteman III intercontinental ballistic missile.
The Labor Department reported applications for unemployment aid dropped 8,000 to a seasonally adjusted 276,000. The four-week average, a less volatile figure, ticked up 2,750 to 274,750. Applications have been below 300,000, a historically low level, for 13 weeks.
European stocks are ower and Asian markets ended mixed.
The national average price of gasoline is up three-tenths of a cent at $2.759 per gallon.
Earnings Reports.
There are no Dow stocks due to report earnings in the near term.
Today’s Featured Dow Stock
Caterpillar (CAT) is down -5.79% year-to-date.
Financial Calendar
0730 ET May Challenger job cuts, Apr +52.8% y/y.
0830 ET Weekly initial unemployment claims expected -4,000 to 278,000, previous +7,000 to 282,000. Weekly continuing claims expected -15,000 to 2.207 million, previous +11,000 to 2.222 million.
0830 ET Revised Q1 non-farm productivity expected -3.0%, prelim -1.9%. Revised Q1 unit labor costs expected +6.1%, prelim +5.0%.
0830 ET USDA weekly Export Sales.
1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Jun 9-11.
1200 ET Fed Governor Daniel Tarullo speaks at a financial conference in New York.