Dow stocks at 52 week highs include Apple (AAPL), Home Depot (HD) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +236 points.
Friday the Dow was up +829.16 (+3.15%) at 27,110.98.
Year-to-date the Dow is down a mere -5.00%. Pretty remarkable with 30+ million people unemployed and major companies going bankrupt. Basically the rich got richer and the poor got poorer. That’s how The Donald rolls. But wait, The Donald is pushing for payroll tax cuts so guess what, the rich get richer and the poor don’t.
There were 28 Dow stocks up Friday.
The Dow stock winners Friday were led by Boeing (BA) +11.47%, Exxon Mobil (XOM) +8.11%, Raytheon Technologies (RTX) +6.75%, Travelers (TRV) +5.39%, Caterpillar (CAT) +4.78% and Chevron (CVX)+4.71%.
The Dow stock losers Friday were Walmart (WMT) -0.45% and Pfizer (PFE) -0.06%.
Lets review the DJIA recent milestone numbers. On 2/12/2020 the Dow made an all-time high of 29,568.57. Then on 3/23/2020 the Dow made it’s 2020 low of 18,213.65. That intraday low was -38.40 % off the all-time high. Through Friday the Dow had recovered 8,897.33 points from the 3/23/2020 low or +48.85%. It was 27 trading days from peak to low and 52 trading days from low through Friday. Do you think we can keep these gains when the next quarterly earnings start to roll in?
Boeing (BA) is one of the biggest gainers in the Dow premarket, climbing 8.1% after Seaport Global Securities initiated coverage on the plane manufacturer with a Buy rating and $277 price target
Oil is down with the price of West Texas Intermediate falling -0.7% to $39.26 a barrel and Brent down -0.2% to $42.23.
European stocks are mostly higher and Asian markets ended higher.
The national average price of gasoline is up eight-tenths of a cent at $2.030 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
Exxon Mobil (XOM) is down -23.93% year-to-date. Exxon Mobil (XOM) YTD low was 30.11 on 3/23/2020. That’s a +43.27% gain from the low.
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