Dow stocks hitting 52 week highs include Coca Cola (KO). There are no Dow stock 52 week lows.
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.
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) 75.92 (-1.70%) is down -7.19% in 2021.
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