Dow stocks hitting 52-week highs include Microsoft (MSFT) 337.34 (+0.91%). Dow stock 52-week lows include UnitedHealth (UNH) 459.886 (-6.40%).

The Market

Premarket today, the Dow was indicated to open down -17 points.

Wednesday the Dow closed down -232.79 (-0.68%) at 33,979.33.

Year-to-date the Dow is up +2.51%.

Wednesday, (13) Dow stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Wednesday were led by Nike (NKE) 112.86 (+5.69%), Intel (INTC)35.58 (+4.92%) and Walmart (WMT) 156.87 (+1.01%).

The Dow stock losers Wednesday were led by UnitedHealth (UNH) 459.86 (-6.40%), Boeing (BA) 216.90 (-1.58%) and Disney (DIS) 92.45 (-1.49%).

The VIX closed Wednesday at 13.88 (-5.00%) and the 10 YR at 3.827 (+0.90%). The VIX is currently at 14.08 (+1.44%). The 10YR is at 3.737 (-1.48%).

The Federal Reserve on Wednesday held its benchmark rate steady after more than a year of increases, but the central bank suggested more hikes could come this year. The next Fed meeting is in six weeks, and Chairman Jerome Powell said the next rate decision is still up in the air.

Weekly jobless claims numbers were slightly above estimates at 262,000 compared to a Dow Jones estimate of 245,000, while retail sales ticked up 0.3%.

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

The national average price of gasoline is down two-tenths of a cent at $3.589 per gallon.

Earnings Reports

Walgreens (WBA) reports earnings on 6/27/2023 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 337.34 (+0.91%) is up +40.66% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,761K, 1,757K
08:30 AM ET Core Retail Sales (MoM) (May), 0.1%, 0.4%
08:30 AM ET Export Price Index (MoM) (May), 0.0%, 0.2%
08:30 AM ET Import Price Index (MoM) (May), -0.6%, 0.4%
08:30 AM ET Initial Jobless Claims, 250K, 261K
08:30 AM ET Jobless Claims 4-Week Avg., 233.38K, 237.25K
08:30 AM ET NY Empire State Manufacturing Index (Jun), -16.00, -31.80
08:30 AM ET Philadelphia Fed Manufacturing Index (Jun), -13.5, -10.4
08:30 AM ET Philly Fed Business Conditions (Jun), -10.9, -10.3
08:30 AM ET Philly Fed CAPEX Index (Jun), -1.40, 2.50
08:30 AM ET Philly Fed Employment (Jun), -4.4, -8.6
08:30 AM ET Philly Fed New Orders (Jun), -15.8, -8.9
08:30 AM ET Philly Fed Prices Paid (Jun), 9.50, 10.90
08:30 AM ET Retail Control (MoM) (May), 0.0%, 0.7%
08:30 AM ET Retail Sales (YoY) (May), 2.20%, 1.60%
08:30 AM ET Retail Sales (MoM) (May), -0.1%, 0.4%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (May), -0.3%, 0.6%
09:15 AM ET Capacity Utilization Rate (May), 79.7%, 79.7%
09:15 AM ET Industrial Production (MoM) (May), 0.1%, 0.5%
09:15 AM ET Industrial Production (YoY) (May), 0.24%
09:15 AM ET Manufacturing Production (MoM) (May), -0.1%, 1.0%
10:00 AM ET Business Inventories (MoM) (Apr), 0.2%, -0.1%
10:00 AM ET Retail Inventories Ex Auto (Apr), -0.1%, 0.3%
10:30 AM ET Natural Gas Storage, 96B, 104B
11:30 AM ET 4-Week Bill Auction, 5.090%
11:30 AM ET 8-Week Bill Auction, 5.120%
16:00 PM ET US Foreign Buying, T-bonds (Apr), 40.70B, 35.80B
16:00 PM ET Overall Net Capital Flow (Apr), 163.60B, 56.70B
16:00 PM ET TIC Net Long-Term Transactions (Apr), 107.4B, 133.3B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Apr), 117.20B, 133.30B