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 down -232 points.

Thursday the Dow closed up +435.05 (+1.33%) at 33,248.28.

Year-to-date the Dow is down -8.50%.

There were 23 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 140.50 (+7.54%), Salesforce (CRM) 188.40 (+7.00%) and Nike (NKE) 123.41 (+3.99%).

The Dow stock losers Thursday were led by Amgen (AMGN) 248.28 (-2.03%), Merck (MRK) 90.00 (-1.25%) and Johnson & Johnson (JNJ) 177.15 (-0.32%).

The 10 YR yield is currently at 2.993% and the VIX closed Thursday at 24.72 (-3.78%).

So far, stocks have moved solidly off their lows of the year, hit on May 20.

The U.S. economy added 390,000 jobs in May, the Labor Department said Friday, better than the 328,000 estimate from Dow Jones. Although it topped expectations, job growth in May did slow compared with April, when nonfarm payrolls grew by 436,000.The unemployment rate remained at 3.6% in May, the third consecutive month it’s been at that level. Average hourly earnings rose 0.3% from April, a tad lower than the 0.4% estimates. On a year-over-year basis, wages rose 5.2% in May which matched estimates.

OPEC and its oil-producing allies on Thursday reached a larger-than-expected production increase for July and August. The group, known as OPEC+, will raise output by 648,000 barrels per day in both July and August, as Russia’s invasion of Ukraine continues to disrupt the world’s energy markets. OPEC+ had initially intended to raise production by 432,000 barrels per day in those two months. Oil prices rose by more than 1% on Thursday, but were slightly lower Friday morning. U.S. benchmark West Texas Intermediate crude traded around $116.20 per barrel, down about 0.6%. International benchmark Brent crude was down about 0.5% at $117 per barrel. Crude prices have soared this year, as Western sanctions on Russian oil have exacerbated existing supply and demand imbalances.

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

The national average price of gasoline is up 4.6 cents at $4.761 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 250.38 (+0.44%) is down -14.18% in 2022.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (May)
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (May)
08:30 AM ET Average Weekly Hours (May)
08:30 AM ET Government Payrolls (May)
08:30 AM ET Manufacturing Payrolls (May)
08:30 AM ET Nonfarm Payrolls (May)
08:30 AM ET Participation Rate (May)
08:30 AM ET Private Nonfarm Payrolls (May)
08:30 AM ET U6 Unemployment Rate (May)
08:30 AM ET Unemployment Rate (May)
09:45 AM ET Markit Composite PMI (May)
09:45 AM ET Services PMI (May)
10:00 AM ET ISM Non-Manufacturing Business Activity (May)
10:00 AM ET ISM Non-Manufacturing Employment (May)
10:00 AM ET ISM Non-Manufacturing New Orders (May)
10:00 AM ET ISM Non-Manufacturing PMI (May)
10:00 AM ET ISM Non-Manufacturing Prices (May)
10:30 AM ET FOMC Member Brainard Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC Aluminium speculative net positions
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15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
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