The Dow Market Happenings For Friday, May 28, 2021

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

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