The Dow Market Happenings For Tuesday, June 13, 2023 – 3M (MMM) 101.26 Down -15.56% YTD

Dow stocks hitting 52-week highs include Boeing (BA) 221.56 (+1.96%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +46 points.

Monday the Dow closed up +189.55 (+0.56%) at 34,066.33.

Year-to-date the Dow is up +2.77%.

Monday, (20) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Monday were led by Intel (INTC) 33.07 (+5.52%), Boeing (BA) 221.56 (+1.96%) and Cisco (CSCO) 50.48 (+1.65%).

The Dow stock losers Monday were led by Chevron (CVX) 157.33 (-0.96%), Procter & Gamble (PG) 145.41 (-0.78%) and Merck (MRK) 109.86 (-0.77%).

The VIX closed Monday at 15.01 (+8.53%) and the 10 YR at 3.729 (-0.75%). The VIX is currently at 14.60 (-2.73%). The 10YR is at 3.689 (-1.81%).

Inflation slowed for an 11th straight month in May as grocery price increase eased again and gas more than reversed the previous month’s rise. Overall, consumer prices increased 4% from a year earlier, down from 4.9% in April and a 40-year high of 9.1% last June, according to the Labor Department’s consumer price index. That’s the smallest yearly increase since March 2021. On a monthly basis, prices rose 0.1% following a 0.4% increase in April. Core prices, which exclude volatile food and energy items and better capture longer-term trends, have been tougher to tame. They rose 0.4% for the third straight month. Still, that lowered the annual increase from 5.5% to 5.3%, lowest since November 2021.

Apple (AAPL) shares closed at an all-time high on Monday, a week after hitting the fresh milestone on an intraday basis. Shares added more than 1.5% on Monday to close at $183.79 a share putting its market capitalization at $2.89 trillion.

Tomorrow we get the results from the latest FOMC meeting. Report at 11:00 am PST.

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

The national average price of gasoline is down two-tenths of a cent at $3.592 per gallon.

Earnings Reports

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 101.26 (+1.36%) is down -15.56% in 2023.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (May), 88.5, 89.0
07:00 AM ET OPEC Monthly Report
08:30 AM ET Core CPI (MoM) (May), 0.4%, 0.4%
08:30 AM ET Core CPI (YoY) (May), 5.3%, 5.5%
08:30 AM ET Core CPI Index (May), 307.53, 306.49
08:30 AM ET CPI (MoM) (May), 0.2%, 0.4%
08:30 AM ET CPI (YoY) (May), 4.1%, 4.9%
08:30 AM ET CPI Index, n.s.a. (May), 304.06, 303.36
08:30 AM ET CPI Index, s.a (May), 303.70, 302.92
08:30 AM ET CPI, n.s.a (MoM) (May), 0.51%
08:30 AM ET Real Earnings (MoM) (May), 0.1%, 0.1%
08:55 AM ET Redbook (YoY), 0.6%
11:00 AM ET Cleveland CPI (MoM) (May), 0.5%, 0.4%
11:30 AM ET 52-Week Bill Auction, 4.645%
13:00 PM ET 30-Year Bond Auction, 3.741%
16:30 PM ET API Weekly Crude Oil Stock, -1.710M

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