There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open down -83 points.
Wednesday the Dow was down -164.62 (-0.48%) at 33,896.04.
Year-to-date the Dow is up +10.75%.
There were 5 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Salesforce (CRM) 221.34 (+3.27%), Intel (INTC) 55.36 (+0.95%) and Procter & Gamble (PG) 136.60 (+0.21%).
The Dow stock losers Wednesday were led by Chevron (CVX) 103.20 (-2.81%), Nike (NKE) 132.96 (-1.92%) and Goldman Sachs (GS) 358.38 (-1.70%).
Unemployment insurance weekly claims in the week ending May 15, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 34,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 5,000 from 473,000 to 478,000. The 4-week moving average was 504,750, a decrease of 30,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 1,250 from 534,000 to 535,250. The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending May 8, 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 May 8 was 3,751,000, an increase of 111,000 from the previous week’s revised level. The previous week’s level was revised down by 15,000 from 3,655,000 to 3,640,000. The 4-week moving average was 3,681,000, an increase of 24,750 from the previous week’s revised average. The previous week’s average was revised down by 8,750 from 3,665,000 to 3,656,250. The total number of continued weeks claimed for benefits in all programs for the week ending May 1 was 15,975,448, a decrease of 886,568 from the previous week. There were 20,974,625 weekly claims filed for benefits in all programs in the comparable week in 2020.
Cisco Systems (CSCO) dropped 6% in Thursday’s premarket, one day after the company issued weaker-than-expected earnings guidance.
The 10-year Treasury yield early Thursday backed away from its previous day pop to 1.678% as minutes from the Federal Reserve’s April meeting suggested central bankers might taper the pace of extraordinary Covid-era asset purchases if the economy continues to recover rapidly.
European stocks are higher and Asian markets ended mostly lower.
The national average price of gasoline is unchanged at $3.043 per gallon.
Disney (DIS) reported earnings on 5/13/2021 after the market close of $0.79, beating estimates of $0.312 per share.
Home Depot (HD) reported earnings on 5/18/2021 before the market open of $3.86, beating estimates of $3.04 per share.
Walmart (WMT) reported earnings on 5/18/2021 before the market open of $1.69, beating estimates of $1.216 per share.
Cisco (CSCO) reports earnings on 5/19/2021 after the market close of $0.83, beating estimates of $0.742 per share.
Salesforce (CRM) reports earnings of 5/27/2021 after the market close.
Today’s Featured Dow Stock
Intel (INTC) 55.36 (+0.95%) is up +11.12% in 2021.
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