The Dow Market Happenings For Monday, June 5, 2023 – IBM (IBM) 132.42 Down -6.01% YTD

Dow stocks hitting 52-week highs include Apple (AAPL) 180.95 (+0.48%) and Microsoft (MSFT) 335.40 (+0.85%). Dow stock 52-week lows include Verizon (VZ) 34.58 (-3.19%).

The Market

Premarket today, the Dow was indicated to open down -19 points.

Friday the Dow closed up +701.19 (+2.12%) at 33,762.76.

Year-to-date the Dow is up +1.86%.

Friday, (29) Dow stocks were up, (1) was at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Friday were led by Apple (AAPL) 180.95 (+0.48%), Amgen (AMGN) 218.07 (+1.77%), American Express (AXP) 168.56 (+3.59%), Boeing (BA) 213.32 (+2.58%) and Caterpillar (CAT) 226.63 (+8.40%).

The Dow stock loser Friday was Verizon (VZ) 34.58 (-3.19%).

The VIX closed Friday at 14.60 (-6.71%) and the 10 YR at 3.720 (+0.54%). The VIX is currently at 15.13 (+3.63%). The 10YR is at 3.757 (+1.54%).

Apple (AAPL) is expected to unveil its first new major product line in nearly a decade on Monday, with speculation swirling that its long-awaited mixed-reality headset could anchor the company’s annual WWDC conference. A headset of the sort could feature high-definition screens in front of a user’s eyes, or it could allow the wearer to see and interact with the world around them through high-powered cameras.

Oil prices briefly climbed more than 1% after Saudi Arabia announced it would further cut output by 1 million barrels per day starting in July. The news followed a meeting of OPEC and its allies, during which the group decided to stick to existing 2023 production targets.

U.S. Treasurys climbed Monday as investors considered what could be next for interest rates and weighed key economic data that could affect the Federal Reserve’s next policy moves. Uncertainty about whether the central bank will pause its rate-hiking campaign when it meets later this month has spread, owing to mixed messages from Fed officials and economic data reflecting resilience in the labor market.

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

The national average price of gasoline is down one-tenth of a cent at $3.552 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock


IBM (IBM) 132.42 (+2.00%) is down -6.01% in 2023.

Financial Calendar

09:45 AM ET S&P Global Composite PMI (May), 54.5, 54.5
09:45 AM ET Services PMI (May), 55.1, 55.1
10:00 AM ET CB Employment Trends Index (May), 116.18
10:00 AM ET Durables Excluding Defense (MoM) (Apr), -0.6%
10:00 AM ET Durables Excluding Transport (MoM) (Apr), -0.2%
10:00 AM ET Factory Orders (MoM) (Apr), 1.1%, 0.4%
10:00 AM ET Factory orders ex transportation (MoM) (Apr), -0.7%
10:00 AM ET ISM Non-Manufacturing Business Activity (May), 54.5, 52.0
10:00 AM ET ISM Non-Manufacturing Employment (May), 50.8
10:00 AM ET ISM Non-Manufacturing New Orders (May), 56.1
10:00 AM ET ISM Non-Manufacturing PMI (May), 51.8, 51.9
10:00 AM ET ISM Non-Manufacturing Prices (May), 59.6
11:30 AM ET 3-Month Bill Auction, 5.300%
11:30 AM ET 6-Month Bill Auction, 5.290%

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