Dow stocks hitting 52-week highs include Apple (AAPL) 180.09 (+1.60%), Salesforce (CRM) 223.38 (+2.06%) and Microsoft (MSFT) 328.39 (-0.85%). Dow stock 52-week lows include Amgen (AMGN) 214.27 (-2.89%) and 3M (MMM) 94.28 (+1.04%).

The Market

Premarket today, the Dow was indicated to open up +208 points.

Thursday the Dow closed up +153.30 (+0.47%) at 33,061.57.

Year-to-date the Dow is down -0.26%.

Thursday, (23) Dow stocks were up, (2) were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Thursday were led by American Express (AXP) 162.72 (+2.62%), Visa (V) 226.50 (+2.47%) and Home Depot (HD) 288.39 (+1.74%).

The Dow stock losers Thursday were led by Salesforce (CRM) 212.90 (-4.69%), Amgen (AMGN) 214.27 (-2.89%) and Goldman Sachs (GS) 316.40 (-2.32%).

The VIX closed Thursday at 15.65 (-12.76%) and the 10 YR at 3.606 (+0.17%). The VIX is currently at 15.17 (-3.07%). The 10YR is at 3.62 (+0.75%).

Nonfarm payrolls grew much more than expected in May, rising 339,000 despite economists polled by Dow Jones expecting a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth. Recent strong jobs report have pressured stocks on the notion that the resilient labor market will keep the Federal Reserve in hiking mode. But the stock market seemed to like Friday’s numbers, perhaps concentrating on a wage increase that showed lighter-than-expected inflation and an unemployment rate that ticked higher. Average hourly earnings increased by 4.3% year-over-year, compared to a 4.4% estimate from Dow Jones. The unemployment rate climbed back to 3.7% from 3.4%.

The Senate passed a bill Thursday night to raise the debt ceiling, sending it to President Joe Biden’s desk. He is expected to sign the legislation Friday, preventing what would have been the first-ever U.S. sovereign debt default. The House-approved compromise bill passed the Senate by a 63-36 margin, garnering sufficient bipartisan support to overcome the chamber’s 60-vote threshold to avoid a filibuster.

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

The national average price of gasoline is down seven-tenths of a cent at $3.567 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 193.86 (+1.18%) is down -9.54% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (May), 4.3%, 4.4%
08:30 AM ET Average Hourly Earnings (MoM) (May), 0.4%, 0.5%
08:30 AM ET Average Weekly Hours (May), 34.4, 34.4
08:30 AM ET Government Payrolls (May), 23.0K
08:30 AM ET Manufacturing Payrolls (May), 8K 11K
08:30 AM ET Nonfarm Payrolls (May), 180K, 253K
08:30 AM ET Participation Rate (May), 62.5%, 62.6%
08:30 AM ET Private Nonfarm Payrolls (May), 160K, 230K
08:30 AM ET U6 Unemployment Rate (May), 6.6%, 6.6%
08:30 AM ET Unemployment Rate (May), 3.5%, 3.4%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 570
13:00 PM ET U.S. Baker Hughes Total Rig Count, 711
16:30 PM ET CFTC Aluminium speculative net positions, 6.4K
16:30 PM ET CFTC Copper speculative net positions, -29.8K
16:30 PM ET CFTC Corn speculative net positions, -62.3K
16:30 PM ET CFTC Crude Oil speculative net positions, 193.1K
16:30 PM ET CFTC Gold speculative net positions, 160.7K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 14.5K
16:30 PM ET CFTC Natural Gas speculative net positions, -112.3K
16:30 PM ET CFTC S&P 500 speculative net positions, -404.3K
16:30 PM ET CFTC Silver speculative net positions, 22.0K
16:30 PM ET CFTC Soybeans speculative net positions, 29.2K
16:30 PM ET CFTC Wheat speculative net positions, -86.3K