Dow stocks hitting 52 week highs include Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +151 points.

Wednesday the Dow was down -71.34 (-0.21%) at 33,874.24.

Year-to-date the Dow is up +10.68%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) 175.33 (+1.05%), Goldman Sachs (GS) 361.05 (+0.98%) and American Express (AXP) 166.02 (+0.92%).

The Dow stock losers Wednesday were led by 3M (MMM) 192.36 (-1.42%), IBM (IBM) 144.61 (-1.20%) and Intel (INTC) 55.26 (-1.09%).

Dow futures are up after a slew of economic data before the bell and renewed hopes for an infrastructure deal at a White House meeting later Thursday.

The 10-year Treasury yield ticked lower Thursday, trading just under 1.5%, as investors sifted through three government reports released one hour before Wall Street’s opening bell. Initial jobless claims totaled 411,000 for last week, higher than estimates but down from the prior’s week’s upwardly revised 418,000. Durable goods orders in May increased 2.3%, slightly lower than forecasts but better than April’s modest decline. The final revision of first quarter GDP remained at 6.4% annual growth.

A bipartisan group of senators is seeking Biden’s support for a $953 billion infrastructure plan at Thursday’s meeting. Administration officials and Democratic leaders cast the proposal as a positive development. The president’s latest offer was a $1.7 trillion package. With Republicans opposed to Biden’s proposed corporate tax rate increase, the bipartisan group is looking at other ways to raise revenue. Biden rejected their idea to allow gas taxes paid at the pump to rise with inflation.

Unemployment insurance weekly claims in the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 412,000 to 418,000. The 4-week moving average was 397,750, an increase of 1,500 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 395,000 to 396,250. The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending June 12, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 12 was 3,390,000, a decrease of 144,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 21, 2020 when it was 3,094,000. The previous week’s level was revised up 16,000 from 3,518,000 to 3,534,000. The 4-week moving average was 3,552,500, a decrease of 55,250 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week’s average was revised up by 4,000 from 3,603,750 to 3,607,750. The total number of continued weeks claimed for benefits in all programs for the week ending June 5 was 14,845,450, an increase of 3,756 from the previous week. There were 31,337,556 weekly claims filed for benefits in all programs in the comparable week in 2020.

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

The national average price of gasoline is up six-tenths of a cent at $3.078 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Walgreens (WBA) reports earnings on 7/1/2021 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 175.33 (+1.05%) is down -3.23% in 2021.

Financial Calendar

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

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

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet