There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Dow (DOW) 47.07 (-1.67%), Intel (INTC) 29.50 (+0.72%) and Walgreens (WBA) 34.55 (-0.55%).

The Market

Premarket today, the Dow was indicated to open down -42 points.

Wednesday the Dow closed up +30.12 (+0.10%) at 31,135.09.

Year-to-date the Dow is down -14.32%.

Wednesday, (18) Dow stocks were up, (3) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Chevron (CVX) 163.27 (+2.42%), Johnson & Johnson (JNJ) 164.66 (+2.06%) and Merck (MRK) 86.95 (+1.59%).

The Dow stock losers Wednesday were led by Honeywell (HON) 179.97 (-2.71%), 3M (MMM) 117.53 (-2.44%) and Dow (DOW) 47.07 (-1.67%).

The 10 YR yield is currently at 3.406% and the VIX is at 26.16 (-4.07%).

President Joe Biden announced a tentative labor agreement early Thursday to avert a national railway strike. A strike would have caused a major disruption to the flow of key goods and commodities around the U.S., idling more than 7,000 trains and costing up to an estimated $2 billion per day. Negotiations between railroads and workers’ unions had been hung up over unpaid sick time. The agreement announced Thursday would improve rail workers pay and working conditions and give them “peace of mind around their health care costs,” Biden said in a statement. The parties had a deadline of 12:01 a.m. Friday to reach a deal and avoid a strike.

Unemployment insurance weekly claims in the week ending September 10, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 5,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 222,000 to 218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week’s revised average. The previous week’s average was revised down by 1,000 from 233,000 to 232,000. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 3, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 3 was 1,403,000, an increase of 2,000 from the previous week’s revised level. The previous week’s level was revised down by 72,000 from 1,473,000 to 1,401,000. The 4-week moving average was 1,413,250, a decrease of 7,750 from the previous week’s revised average. The previous week’s average was revised down by 18,000 from 1,439,000 to 1,421,000. The total number of continued weeks claimed for benefits in all programs for the week ending August 27 was 1,391,432, a decrease of 23,420 from the previous week. There were 12,106,755 weekly claims filed for benefits in all programs in the comparable week in 2021.

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

The national average price of gasoline is down five-tenths of a cent at $3.698 per gallon.

Latest Dow 30 Earnings Reports

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

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 134.92 (-0.22%) is down -6.75% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,475K, 1,473K
08:30 AM ET Core Retail Sales (MoM) (Aug), 0.1%, 0.4%
08:30 AM ET Export Price Index (MoM) (Aug), -1.2%, -3.3%
08:30 AM ET Export Price Index (YoY), 13.1%
08:30 AM ET Import Price Index (YoY), 8.8%
08:30 AM ET Import Price Index (MoM) (Aug), -1.2%, -1.4%
08:30 AM ET Initial Jobless Claims, 226K, 222K
08:30 AM ET Jobless Claims 4-Week Avg., 233.00K
08:30 AM ET NY Empire State Manufacturing Index (Sep), -13.00,, -31.30
08:30 AM ET Philadelphia Fed Manufacturing Index (Sep), 2.8, 6.2
08:30 AM ET Philly Fed Business Conditions (Sep), -10.6
08:30 AM ET Philly Fed CAPEX Index (Sep), 18.00
08:30 AM ET Philly Fed Employment (Sep), 24.1
08:30 AM ET Philly Fed New Orders (Sep), -5.1
08:30 AM ET Philly Fed Prices Paid (Sep), 43.60
08:30 AM ET Retail Control (MoM) (Aug), 0.5%, 0.8%
08:30 AM ET Retail Sales (YoY) (Aug), 10.28%
08:30 AM ET Retail Sales (MoM) (Aug), 0.2%, 0.0%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Aug), 0.7%
09:15 AM ET Capacity Utilization Rate (Aug), 80.3%, 80.3%
09:15 AM ET Industrial Production (YoY) (Aug), 3.90%
09:15 AM ET Industrial Production (MoM) (Aug), 0.1%, 0.6%
09:15 AM ET Manufacturing Production (MoM) (Aug), 0.1%, 0.7%
10:00 AM ET Business Inventories (MoM) (Jul), 0.6%, 1.4%
10:00 AM ET Retail Inventories Ex Auto (Jul), 0.4%
10:30 AM ET Natural Gas Storage, 73B, 54B
11:30 AM ET 4-Week Bill Auction, 2.500%
11:30 AM ET 8-Week Bill Auction, 2.765%