Dow stocks hitting 52 week highs include Coca Cola (KO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +134 points.

Thursday the Dow was up +141.59 (+0.41%) at 34,438.42.

Year-to-date the Dow is up +12.61%.

There were 16 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 250.70 (+3.87%), Honeywell (HON) 231.27 (+3.12%) and Walgreens (WBA) 53.04 (+1.98%).

The Dow stock losers Thursday were led by Procter & Gamble (PG) 134.98 (-2.27%), Merck (MRK) 75.92 (-1.70%) and Salesforce (CRM) 225.83 (-1.68%).

President Joe Biden is set to release a proposal that calls for $5 trillion in additional spending over the next decade. The proposal also includes raising $3.6 trillion in spending over that time frame, leaving an additional net deficit of $1.4 trillion. The new spending is for Biden’s proposals to boost and extend the economic recovery: the American Jobs Plan and the American Families Plan.

A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the best gauge for inflation, though they watch a number of metrics.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up three-tenths of a cent at $3.044 per gallon.

Earnings Reports

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) reported earnings on 5/27/2021 after the market close of $1.21, beating estimates calling for $0.415 per share.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 75.92 (-1.70%) is down -7.19% in 2021.

Financial Calendar

8:30 AM ET International Trade in Goods (Advance)

8:30 AM ET Personal Income and Outlays

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Farm Prices