The Dow Market Happenings For Thursday, May 23, 2019

Dow stocks at 52 week highs include American Express (AXP). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -250 points.

Wednesday the Dow was down -100.72 (-0.39%) at 25,776.61.

Year-to-date the Dow is up +10.50%.

There were 12 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Coca Cola (KO) +2.16%, Merck (MRK) +1.86% and 3M (MMM) +1.46%.

The Dow stock losers Wednesday were led by Apple (AAPL) -2.05%, Goldman Sachs (GS) -1.80% and Boeing (BA) -1.66%.

Unemployment insurance weekly claims in the week ending May 18, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 1,000 from the previous week’s unrevised level of 212,000. The 4-week moving average was 220,250, a decrease of 4,750 from the previous week’s unrevised average of 225,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 11, unchanged from
the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 11 was 1,676,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,660,000 to 1,664,000. The 4-week moving average was 1,674,250, an increase of 5,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 1,668,250 to 1,668,750.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.845 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is down -3.80% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

9:45 AM ET PMI Composite FLASH

10:00 AM ET New Home Sales

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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