There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Caterpillar (CAT) 178.67 (-4.88%), Dow (DOW) 51.06 (-2.45%), Honeywell (HON) 174.57 (-1.78%) and JPMorgan (JPM) 113.92 (-1.09%).

The Market

Premarket today, the Dow was indicated to open up +216 points.

Thursday the Dow closed up +194.23 (+0.64%) at 30,677.36.

Year-to-date the Dow is down -15.58%.

There were 20 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Salesforce (CRM) 173.05 (+3.34%), Merck (MRK) 92.00 (+3.19%) and Nike (NKE) 108.00 (+2.94%).

The Dow stock losers Thursday were led by Caterpillar (CAT) 178.67 (-4.88%), Chevron (CVX) 252.43 (-3.68%) and Dow (DOW) 51.06 (-2.45%).

The 10 YR yield is currently at 3.107% and the VIX is at 28.77 (-0.96%).

The Fed’s stepped-up efforts to slow the economy to fight inflation have raised concerns about a recession. The latest indicators of U.S. economic health are out today at 10 a.m. ET, with the release of May new home sales and the University of Michigan’s final June consumer sentiment index.

In Day 2 of his semiannual economic testimony on Capitol Hill, Fed Chairman Jerome Powell told the U.S. House of Representatives Financial Services Committee that the central bank’s commitment to reining in 40-year-high inflation is “unconditional.” A day earlier, on Wednesday, Powell told the U.S. Senate Banking Committee that the Fed was not trying to provoke a recession but that one was “certainly a possibility.” Last week, monetary policymakers hiked rates by 75 basis points and signaled another increase of 50 to 75 basis points at their July meeting.

A bipartisan bill designed to prevent gun violence that passed the Senate on Thursday night goes to the House. Speaker Nancy Pelosi promised a vote Friday to send the most sweeping firearms measure in decades to President Joe Biden for his signature. The legislation, which seemed unimaginable a month ago, got 15 Republican votes in the Senate, including Minority Leader Mitch McConnell. The May 24 massacre at a Uvalde, Texas, elementary school galvanized both sides of the aisle to try to prevent this from happening again.

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

The national average price of gasoline is down 1.4 cents at $4.926 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/27/22 after the market close.

Walgreens (WBA) reports earnings on 6/30/22 before the market open.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 243.09 (+1.23%) is down -8.05% in 2022.

Financial Calendar

07:30 AM ET FOMC Member Bullard Speaks
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)
10:00 AM ET New Home Sales (MoM) (May)
10:00 AM ET New Home Sales (May)
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
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