Dow stocks hitting 52-week highs include Salesforce (CRM) 213.32 (+1.88%) and Microsoft (MSFT) 318.52 (+1.44%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +72 points.

Thursday the Dow closed up +115.14 (+0.34%) at 33,535.91.

Year-to-date the Dow is up +1.17%.

Thursday, (20) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Thursday were led by Intel (INTC) 29.68 (+2.81%), Salesforce (CRM) 213.32 (+1.88%) and Nike (NKE) 118.87 (+1.62%).

The Dow stock losers Thursday were led by Walgreens (WBA) 31.46 (-1.81%), Procter & Gamble (PG) 152.53 (-1.64%) and UnitedHealth (UNH) 479.23 (-1.15%).

The VIX closed Thursday at 16.05 (-4.86%) and the 10 YR at 3.645 (+1.93%). The VIX is currently at 15.94 (-0.69%). The 10YR is at 3.703 (+1.56%).

Debt ceiling negotiations between the country’s top political leaders are expected to continue into the weekend, as they face a June 1 deadline at which point the U.S. could default on its bills. House Speaker Kevin McCarthy said Thursday he was optimistic the two sides could reach an agreement in time to hold a House vote next week. “I see the path that we can come to an agreement,” he said. “And I think we have a structure now and everybody’s working hard, and I mean, we’re working two or three times a day, then going back, getting more numbers.” Both sides have been tight-lipped about what specific changes or concessions have been made, but all leaders agree they’re making progress.

Nike (NKE) shares fell by more than 2% on news that the company may face more than $530 million in fines for misclassifying thousands of independent contractors, according to a report from The Guardian.

Disney (DIS) stock fell 0.9% in premarket trading. Earlier on Friday, Macquarie Research downgraded Disney stock to neutral from outperform over uncertainties surrounding the growth of its streaming services.

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

The national average price of gasoline is up five-tenths of a cent at $3.541 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 4/14/23 before the market open with $4.10, beating estimates of $3.414 per share.

UnitedHealth (UNH) reported earnings on 4/14/23 before the market open with $6.26, beating estimates of $6.238 per share.

Goldman Sachs (GS) reported earnings on 4/18/23 before the market open with $8.79, beating estimates of $8.10 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/23 before the market open with $2.68, beating estimates of $2.506 per share.

Travelers (TRV) reported earnings on 4/19/23 before the market open with $4.11, beating estimates of $3.636 per share.

IBM (IBM) reported earnings on 4/19/23 after the market close with $1.36, beating estimates of $1.273 per share.

American Express (AXP) reported earnings on 4/20/23 before the market open with $2.40, missing estimates of $2.603 per share.

Procter & Gamble (PG) reported earnings on 4/21/23 before the market open with $1.37, beating estimates of $1.317per share.

Coca Cola (KO) reported earnings on 4/24/23 before the market open with $0.68, beating estimates of $0.647 per share.

3M (MMM) reported earnings on 4/25/23 before the market open with $1.97, beating estimates of $1.602per share.

Dow (DOW) reports earnings on 4/25/23 before the market open with $0.58, beating estimates of $0.369 per share.

Verizon (VZ) reports earnings on 4/25/23 before the market open with $1.20, beating estimates of $1.192 per share.

Microsoft (MSFT) reported earnings on 4/25/23 after the market close with $2.45, beating estimates of $2.216 per share.

Visa (V) reported earnings on 4/25/23 after the market close with $2.09, beating estimates of $1.969per share.

McDonald’s (MCD) reported earnings on 4/25/23 before the market open with $2.45, beating estimates of $2.307 per share.

Boeing (BA) reported earnings on 4/26/23 before the market open with -$1.27, beating estimates of $0.981 per share.

Caterpillar (CAT) reported earnings on 4/27/23 before the market open with $4.91, beating estimates of $3.786 per share.

Merck (MRK) reported earnings on 4/27/23 before the market open with $1.40, beating estimates of $1.341 per share.

Honeywell (HON) reported earnings on 4/27/23 before the market open with $2.07, beating estimates of $1.927 per share.

Amgen (AMGN) reported earnings on 4/27/23 after the market close with $3.98, beating estimates of $3.838 per share.

Intel (INTC) reported earnings on 4/27/23 after the market close with -$0.04, beating estimates of -$0.157 per share.

Chevron (CVX) reported earnings on 4/28/23 before the market open with $3.55, beating estimates of $3.362 per share.

Apple (AAPL) reported earnings on 5/4/23 after the market close with $1.52, beating estimates of $1.438 per share.

Disney (DIS) reported earnings on 5/10/23 after the market close with $0.93, beating estimates of $0.893 per share.

Home Depot (HD) reported earnings on 5/16/23 before the market open with $3.82, beating estimates of $3.80 per share.

Cisco (CSCO) reported earnings on 5/17/23 after the market close with $1.00, beating estimates of $0.865 per share.

Walmart (WMT) reported earnings on 5/18/23 before the market open with $1.47, beating estimates of $1.321per share.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 154.01 (-0.12%) is down -14.20% in 2023.

Financial Calendar

08:45 AM ET FOMC Member Williams Speaks
09:00 AM ET FOMC Member Bowman Speaks
11:00 AM ET Fed Chair Powell Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 586
13:00 PM ET U.S. Baker Hughes Total Rig Count, 731
16:30 PM ET CFTC Aluminium speculative net positions, 5.7K
16:30 PM ET CFTC Copper speculative net positions, -24.9K
16:30 PM ET CFTC Corn speculative net positions, -59.1K
16:30 PM ET CFTC Crude Oil speculative net positions, 216.6K
16:30 PM ET CFTC Gold speculative net positions, 195.8K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 21.4K
16:30 PM ET CFTC Natural Gas speculative net positions, -138.8K
16:30 PM ET CFTC S&P 500 speculative net positions, -376.0K
16:30 PM ET CFTC Silver speculative net positions, 32.4K
16:30 PM ET CFTC Soybeans speculative net positions, 64.3K
16:30 PM ET CFTC Wheat speculative net positions, -84.8K
16:30 PM ET US Commercial Banks Deposits