DJIA Market Happenings For Thursday, June 6, 2019

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Coca Cola (KO) and Travelers (TRV).

The Market

Premarket today, the Dow was indicated to open up +15 points.

Wednesday the Dow was up +207.39 (+0.82%) at 25,539.57.

Year-to-date the Dow is up +9.48%.

There were 24 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Cisco (CSCO) +2.86%, Microsoft (MSFT) +2.17% and Procter & Gamble (PG) +1.96%.

The Dow stock losers Wednesday were led by Walgreens (WBA) -1.36%, IBM (IBM) -0.90% and Exxon Mobil (XOM) -0.83%.

Initial jobless claims, a rough way to measure layoffs, was flat at 218,000, the government said Thursday. The prior week’s tally was revised up to 218,000 from 215,000, however. Economists had estimated new claims would total a seasonally adjusted 215,000 in the seven days ended June 1. The more stable monthly average of new claims fell by 2,500 to 215,000 and touched the lowest level since late April.

Bernie Sanders accused Walmart (WMT) of paying ‘starvation wages’ and attacked the CEO’s pay. The senator urged the company to increase its starting wages to $15 an hour from $11 an hour.

Mexican and American officials claimed progress in trade talks late Wednesday. But President Donald Trump declared it was “not nearly enough” to halt the import taxes he’s holding out as a way to force Mexico to better regulate immigration.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.2 cents at $2.783 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -14.01% year-to-date.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET International Trade

8:30 AM ET Jobless Claims

8:30 AM ET Productivity and Costs

10:00 AM ET Quarterly Services Survey

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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