Dow stocks hitting 52 week highs include American Express (AXP), Goldman Sachs (GS), Honeywell (HON) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -172 points.

Wednesday the Dow was up +25.07 (+0.07%) at 34,600.38.

Year-to-date the Dow is up +13.05%.

There were 20 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) 53.83 (+1.87%), Chevron (CVX) 108.08 (+1.34%) and Visa (V) 229.66 (+1.34%).

The Dow stock losers Wednesday were led by Dow (DOW) 68.95 (-2.07%), Disney (DIS) 177.00 (-1.03%) and Honeywell (HON) 230.74 (-0.95%).

Financials were again strong Wednesday with AXP, GS and JPM at 52 week highs.

Delayed by a day, ADP on Thursday morning said private sector jobs grew by a much larger than expected 978,000 positions in May. The government releases its May employment report on Friday.

Unemployment insurance weekly claims in the week ending May 29, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 20,000 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 down by 1,000 from 406,000 to 405,000. The 4-week moving average was 428,000, 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 down by 250 from 458,750 to 458,500. The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending May 22, 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 22 was 3,771,000, an increase of 169,000 from the previous week’s revised level. The previous week’s level was revised down by 40,000 from 3,642,000 to 3,602,000. The 4-week moving average was 3,687,750, an increase of 22,750 from the previous week’s revised average. The previous week’s average was revised down by 10,000 from 3,675,000 to 3,665,000. The total number of continued weeks claimed for benefits in all programs for the week ending May 15 was 15,435,982, a decrease of 366,178 from the previous week. There were 30,770,615 weekly claims filed for benefits in all programs in the comparable week in 2020.

US futures are lower, European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $3.042 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 133.46 (+0.44%) is down -4.08% in 2021.

Financial Calendar

7:30 AM ET Challenger Job-Cut Report

8:30 AM ET Jobless Claims

8:30 AM ET Productivity and Costs

9:45 AM ET PMI Composite Final

10:00 AM ET ISM Services Index

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 3-Yr Note Announcement

11:00 AM ET 10-Yr Note Announcement

11:00 AM ET 30-Yr Bond Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

4:30 PM ET Fed Balance Sheet