Dow stocks hitting 52 week highs include American Express (AXP), Microsoft (MSFT) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +173 points.

Thursday the Dow was up +322.58 (+0.95%) at 34,196.82.

Year-to-date the Dow is up +11.73%.

There were 28 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 250.57 (+2.87%), Caterpillar (CAT) 219.34 (+2.60%), Goldman Sachs (GS) 368.75 (+2.13%) and Disney (DIS) 177.93 (+1.48%).

The Dow stock losers Thursday were led by Apple (AAPL) 133.41 (-0.22%), Dow (DOW) 63.11 (-0.06%) and Cisco (CSCO) 52.78 (+0.04%).

Nike (NKE) soared 13% in the premarket and is set to open at an all-time high. The athletic shoe and apparel giant late Thursday handily beat estimates for quarterly earnings and revenue. Nike saw a 73% increase in direct sales through its apps and websites. Nike’s stock pop accounts for much of the rise in Dow futures.

The 10-year Treasury yield ticked lower Friday, trading around 1.48%, after the release of the Federal Reserve’s favorite inflation indicator. The government’s core personal consumption expenditures price index in May rose, as expected, by 3.4% year over year. That’s the fastest increase since the early 1990s. The core PCE index increase reflects the rapid pace of economic expansion and resulting price pressures, and it amplified how far the nation has come since the pandemic-induced shutdown of 2020.

If you are losing unemployment benefits early in your state, you can probably than your Republican Governor. In total, 26 states are ending the enhanced federal benefits before they’re set to expire in September. All of the states but one are run by Republican governors who began announcing the termination of benefits last month, claiming the increased unemployment benefits were causing workforce shortages by discouraging people from returning to work, even as pandemic-related restrictions eased. In all but two of the states exiting the enhanced benefits June 26, Florida and Ohio, federal unemployment programs for gig and self-employed workers, as well as those unemployed long-term, will also end. Because of that, more than 1.1 million unemployed workers will see all unemployment benefits end, including more than 700,000 people in Texas alone.

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

The national average price of gasoline is up eight-tenths of a cent at $3.086 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

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

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 63.11 (-0.06%) is up +13.71% in 2021.

Financial Calendar

8:30 AM ET Personal Income and Outlays

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count