Dow stocks hitting 52 week highs include Caterpillar (CAT). Dow stock 52 week lows include Walgreens (WBA).
Premarket today, the Dow was indicated to open up +76 points.
Wednesday the Dow was up +439.58 (+1.60%) at 27,940.47.
Year-to-date the Dow is down -2.10%.
There were 26 Dow stocks up Wednesday.
The Dow stock winners Wednesday were Microsoft (MSFT) 211.29 (+4.26%), Apple (AAPL) 117.32 (+3.99%) and Salesforce (CRM) 250.43 (+3.80%).
The Dow stock losers Wednesday were led by Walgreens (WBA) 35.35 (-2.08%), Disney (DIS) 133.36 (-0.63%) and Boeing (BA) 160.78 (-0.19%).
Unemployment insurance weekly claims in the week ending September 5, the advance figure for seasonally adjusted initial claims was 884,000, unchanged from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 881,000 to 884,000. The 4- week moving average was 970,750, a decrease of 21,750 from the previous week’s revised average. The previous week’s average was revised up by 750 from 991,750 to 992,500. The advance seasonally adjusted insured unemployment rate was 9.2 percent for the week ending August 29, an increase of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 29 was 13,385,000, an increase of 93,000 from the previous week’s revised level. The previous week’s level was revised up 38,000 from 13,254,000 to 13,292,000. The 4-week moving average was 13,982,000, a decrease of 523,750 from the previous week’s revised average. The previous week’s average was revised up by 9,500 from 14,496,250 to 14,505,750.
European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is down five-tenths of a cent at $2.208 per gallon.
Nike (NKE) reports earnings on 9/22/2020 after the market close. [Closed at $114.90, +1.93% on 9/9/2020]
Today’s Featured Dow Stock
3M (MMM) 165.70 (+1.55%) is down -6.08% year-to-date. 3M (MMM) YTD low was 114.04 on 3/23/2020. 3M has provided a +45.30% gain off the YTD low.
8:30 AM ET Jobless Claims
8:30 AM ET PPI-Final Demand
10:00 AM ET Wholesale Inventories (Preliminary)
10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 10-Yr TIPS Announcement
11:00 AM ET 20-Yr Bond Announcement
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
1:00 PM ET 30-Yr Bond Auction
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply