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 -381 points.

Thursday the Dow closed down (-638.11) at 32,272.79.

Year-to-date the Dow is down -11.19%.

There was 1 Dow stock up Thursday.

The Dow stock winner Thursday was Home Depot (HD) 299.86 (+0.78%).

The Dow stock losers Thursday were led by Boeing (BA) 133.73 (-4.23%), Disney (DIS) 103.30 (-3.76%), Apple (AAPL) 142.64 (-3.60%), Visa (V) 206.11 (-3.46%) and Goldman Sachs (GS) 304.22 (-3.32%).

The 10 YR yield is currently at 3.062% and the VIX closed Wednesday at 26.09 (+8.89%).

May’s consumer price index increased 8.6% year-over-year, the fastest advance in more than 40 years. On a monthly basis, headline CPI was up 1%, also higher than expected. The Federal Reserve is expected to raise interest rates by a half-point next week and another half-point in July. But after that, the pace to fight four-decade high inflation is less clear.

The national average price for a gallon of gas, according to AAA, keeps inching up, now just 1 cent shy of $5, as oil prices continue to head higher. West Texas Intermediate crude, the American benchmark, rose Friday, trading at more than $122 per barrel.

The House select committee investigating the Jan. 6 Capitol riot began laying out its initial findings Thursday night in the first in a series of public hearings. The panel said the assault was not spontaneous, calling it an “attempted coup” and a direct result of then-defeated President Donald Trump’s effort to overturn the 2020 election. Trump, in a social media message after the hearing, criticized the committee for not showing “the many positive witnesses and statements” and playing “only negative footage.” More hearings are set to take place over the next few weeks.

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

The national average price of gasoline is up 1.6 cents at $4.986 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 142.49 (-1.81%) is down -12.89% in 2022.

Financial Calendar

08:30 AM ET Core CPI (MoM) (May)
08:30 AM ET Core CPI (YoY) (May)
08:30 AM ET Core CPI Index (May)
08:30 AM ET CPI (YoY) (May)
08:30 AM ET CPI (MoM) (May)
08:30 AM ET CPI Index, n.s.a. (May)
08:30 AM ET CPI Index, s.a (May)
08:30 AM ET CPI, n.s.a (MoM) (May)
08:30 AM ET Real Earnings (MoM) (May)
10:00 AM ET Michigan 5-Year Inflation Expectations (Jun)
10:00 AM ET Michigan Consumer Expectations (Jun)
10:00 AM ET Michigan Consumer Sentiment (Jun)
10:00 AM ET Michigan Current Conditions (Jun)
10:00 AM ET Michigan Inflation Expectations (Jun)
11:00 AM ET Cleveland CPI (MoM) (May)
12:00 PM ET WASDE Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
14:00 PM ET Federal Budget Balance (May)
15:30 PM ET CFTC Aluminium speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
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
15:30 PM ET CFTC Natural Gas speculative net positions
15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions