DJIA Market Happenings For Friday, June 16, 2023 – Nike (NKE) 112.41 Down -3.93% YTD

Dow stocks hitting 52-week highs include Apple (AAPL) 186.01 (+1.12%) and Microsoft (MSFT) 348.10 (+3.19%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +30 points.

Thursday the Dow closed up +428.73 (+1.26%) at 34,408.06.

Year-to-date the Dow is up +3.80%.

Thursday, (28) 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 Microsoft (MSFT) 348.10 (+3.19%), Amgen (AMGN) 228.44 (+2.77%), Verizon (VZ) 36.44 (+1.99%) and Cisco (CSCO) 51.93 (+1.90%).

The Dow stock losers Thursday were Nike (NKE) 112.41 (-0.40%) and American Express (AXP) 173.81 (-0.38%).

The VIX closed Thursday at 14.50 (+4.47%) and the 10 YR at 3.713 (-2.11%). The VIX is currently at 14.44 (-0.41%). The 10YR is at 3.756 (+0.94%).

The Dow Jones Industrial Average was up 1.6% for the week, its third positive week in a row.

The Federal Reserve delivered what investors wanted this week when the central bank left rates unchanged Wednesday after 10 consecutive hikes. While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Earlier in the week, the May consumer price index came in at the lowest in two years.

At 7:00 am PST this morning we get consumer sentiment data.

Today is quadruple witching and we have a long weekend with the Juneteenth holiday Monday.

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

The national average price of gasoline is down six-tenths of a cent at $3.583 per gallon.

Earnings Reports

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

Nike (NKE) reports earnings on 6/29/2023 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 112.41 (-0.40%) is down -3.93% in 2023.

Financial Calendar

10:00 AM ET Michigan 5-Year Inflation Expectations (Jun), 3.1%, 3.1%
10:00 AM ET Michigan Consumer Expectations (Jun), 56.5, 55.4
10:00 AM ET Michigan Consumer Sentiment (Jun), 60.0, 59.2
10:00 AM ET Michigan Current Conditions (Jun), 61.6, 64.9
10:00 AM ET Michigan Inflation Expectations (Jun), 4.4%, 4.2%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 556
13:00 PM ET U.S. Baker Hughes Total Rig Count, 695
16:30 PM ET CFTC Aluminium speculative net positions, 5.9K
16:30 PM ET CFTC Copper speculative net positions, -26.0K
16:30 PM ET CFTC Corn speculative net positions, -14.8K
16:30 PM ET CFTC Crude Oil speculative net positions, 172.4K
16:30 PM ET CFTC Gold speculative net positions, 175.6K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 8.8K
16:30 PM ET CFTC Natural Gas speculative net positions, -126.9K
16:30 PM ET CFTC S&P 500 speculative net positions, -344.5K
16:30 PM ET CFTC Silver speculative net positions, 21.5K
16:30 PM ET CFTC Soybeans speculative net positions, 39.2K
16:30 PM ET CFTC Wheat speculative net positions, -90.7K

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