Dow stocks hitting 52-week highs include Chevron (CVX) 181.13 (+0.52%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -94 points.

Wednesday the Dow closed down (-269.24) at 32,910.90.

Year-to-date the Dow is down -8.69%.

There were 4 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) 229.80 (+1.19%), Salesforce (CRM) 189.19 (+1.09%) and Nike (NKE) 122.40 (+0.60%).

The Dow stock losers Wednesday were led by Intel (INTC) 41.23 (-5.28%), Goldman Sachs (GS) 314.68 (-2.12%) and American Express (AXP) 165.96 (-1.62%).

The 10 YR yield is currently at 3.073% and the VIX closed Wednesday at 23.96 (-0.25%).

Friday we get the May inflation data.

Oil prices were basically flat Thursday. U.S. benchmark West Texas Intermediate crude declined by about 0.2% to around $121.90 per barrel. Brent crude, the international benchmark, traded at $123.48 per barrel, right around where it finished Wednesday when WTI and Brent both settled at their highest levels in two months. The recent rise in oil prices has come as China’s Covid reopening is expected to spur more demand while supply concerns elsewhere persist.

Apple (AAPL) intends to use a wholly owned subsidiary to check credit and extend short-term installment loans to the users of its new buy now, pay later service. The iPhone maker announced the new offering Monday as it kicked off its developer conference. The servcice will be called Apple Pay Later and will be available later this year, when new iOS 16 iPhone software is rolled out.

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

The national average price of gasoline is up 1.5 cents at $4.970 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 122.40 (+0.60%) is down -26.56% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg
10:30 AM ET Natural Gas Storage
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET 30-Year Bond Auction