Dow stocks hitting 52-week highs include Chevron (CVX). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +106 points.

Wednesday the Dow closed up +38.30 (+0.11%) at 36,290.32.

Year-to-date the Dow is down -0.13%.

There were 16 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Salesforce (CRM) 237.83 (+1.27%), Nike (NKE) 152.21 (+1.27%) and Caterpillar (CAT) 222.40 (+1.11%).

The Dow stock losers Wednesday were led by Goldman Sachs (GS) 390.31 (-3.16%), Johnson & Johnson (JNJ) 169.79 (-0.85%) and Walgreens (WBA) 53.91 (-0.77%).

U.S. stock futures are higher Thursday after another hot but unsurprising inflation report. The Dow Jones Industrial Average eked out a gain for a second day in a row, ending Wednesday less than 1.5% away from last week’s record close.

The Commerce Department said Thursday the December producer price index rose 9.7% year over year, slightly lower than estimates and the largest increase on record. The PPI comes after December’s consumer price index rose 7% year over year at the quickest pace since June 1982 but in-line with estimates.

Unemployment insurance weekly claims in the week ending January 8, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 23,000 from the previous week’s unrevised level of 207,000. The 4-week moving average was 210,750, an increase of 6,250 from the previous week’s unrevised average of 204,500. The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending January 1, a decrease of 0.2 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 1 was 1,559,000, a decrease of 194,000 from the previous week’s revised level. This is the lowest level for insured unemployment since June 2, 1973 when it was 1,556,000. The previous week’s level was revised down by 1,000 from 1,754,000 to 1,753,000. The 4-week moving average was 1,721,500, a decrease of 77,000 from the previous week’s revised average. This is the lowest level for this average since March 7, 2020 when it was 1,714,500. The previous week’s average was revised down by 250 from 1,798,750 to 1,798,500. The total number of continued weeks claimed for benefits in all programs for the week ending December 25 was 1,948,624, an increase of 226,264 from the previous week. There were 19,377,528 weekly claims filed for benefits in all programs in the comparable week in 2020.

U.S. futures are higher, European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up three-tenths of a cent at $3.304 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 168.44 (+0.57%) is up +6.37% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Core PPI (MoM) (Dec)
08:30 AM ET Core PPI (YoY) (Dec)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET PPI (MoM) (Dec)
08:30 AM ET PPI (YoY) (Dec)
10:00 AM ET FOMC Member Brainard Speaks
10:30 AM ET Natural Gas Storage
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET 30-Year Bond Auction
13:00 PM ET Chicago Fed President Evans Speaks