There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Wednesday the Dow closed down -176.89 (-0.54%) at 32,813.23.

Year-to-date the Dow is down -9.70%.

There were 8 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Salesforce (CRM) 176.07 (+9.88%), Chevron (CVX) 176.32 (+0.95%) and Caterpillar (CAT) 217.57 (+0.80%).

The Dow stock losers Wednesday were led by Walmart (WMT) 125.45 (-2.47%), 3M (MMM) 146.42 (-1.92%) and American Express (AXP) 165.76 (-1.81%).

The 10 YR yield is currently at 2.933% and the VIX closed Wednesday at 25.69 (-1.91%).

West Texas Intermediate, the U.S. oil benchmark, dropped 2.4% to $112.45 per barrel. International Brent crude also slipped 2.4% to $113.45.

Unemployment insurance weekly claims in the week ending May 28, the advance figure for seasonally adjusted initial claims was 200,000, a decrease of 11,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 210,000 to 211,000. The 4-week moving average was 206,500, a decrease of 500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 206,750 to 207,000. The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending May 21, 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 May 21 was 1,309,000, a decrease of 34,000 from the previous week’s revised level. This is the lowest level for insured unemployment since December 27, 1969 when it was 1,304,000. The previous week’s level was revised down by 3,000 from 1,346,000 to 1,343,000. The 4-week moving average was 1,327,250, a decrease of 19,500 from the previous week’s revised average. This is the lowest level for this average since January 10, 1970 when it was 1,310,250. The previous week’s average was revised down by 750 from 1,347,500 to 1,346,750. The total number of continued weeks claimed for benefits in all programs for the week ending May 14 was 1,319,297, an increase of 2,113 from the previous week. There were 15,456,735 weekly claims filed for benefits in all programs in the comparable week in 2021.

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

The national average price of gasoline is up 4.4 cents at $4.715 per gallon.

Earnings Reports

There are no Dow 30 stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 63.07 (-0.49%) is up +6.52% in 2022.

Financial Calendar

06:00 AM ET OPEC Meeting
07:30 AM ET Challenger Job Cuts (YoY)
07:30 AM ET Challenger Job Cuts (May)
08:15 AM ET ADP Nonfarm Employment Change (May)
08:30 AM ET Continuing Jobless Claims
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg
08:30 AM ET Nonfarm Productivity (QoQ) (Q1)
08:30 AM ET Unit Labor Costs (QoQ) (Q1)
10:00 AM ET Durables Excluding Defense (MoM) (Apr)
10:00 AM ET Factory Orders (MoM) (Apr)
10:00 AM ET Factory orders ex transportation (MoM) (Apr)
10:30 AM ET Natural Gas Storage
11:00 AM ET Crude Oil Inventories
11:00 AM ET EIA Refinery Crude Runs (WoW
11:00 AM ET Crude Oil Imports
11:00 AM ET Cushing Crude Oil Inventories
11:00 AM ET Distillate Fuel Production
11:00 AM ET EIA Weekly Distillates Stocks
11:00 AM ET Gasoline Production
11:00 AM ET Heating Oil Stockpiles
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW)
11:00 AM ET Gasoline Inventories
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET FOMC Member Mester Speaks