Dow stocks hitting 52-week highs include American Express (AXP) 259.84 (+1.07%), IBM (IBM) 198.90 (+0.22%), JPMorgan (JPM) 222.21 (+0.42%), Coca Cola (KO) 72.05 (+0.42%), 3M (MMM) 132.91 (+0.99%), and Walmart (WMT) 76.42 (+0.45%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +48 points.

Thursday the Dow closed up +243.63 (+0.59%) at 41,335.05.

Year-to-date the Dow is up +9.67%.

Thursday, (27) Dow stocks were up, none made 52-week lows, and (6) made 52-week highs.

The Dow stock winners Thursday were led by Intel (INTC) 20.13 (+2.65%), Visa (V) 274.32 (+1.91%) and Apple (AAPL) 229.79 (+1.46%).

The Dow stock losers Thursday were led by Home Depot (HD) 367.06 (-0.91%), Salesforce (CRM) 257.01 (-0.73%) and Verizon (VZ) 41.25 (-0.58%).

The VIX closed Thursday at 15.64 (-8.53%) and the 10 YR at 3.857 (+0.65%). The VIX is currently at 15.50 (-0.96%). The 10YR is at 3.857 (0.00%).

The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same period a year ago, exactly in line with consensus estimates. Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. The 12-month figure was slightly softer than the 2.7% estimate. Fed officials tend to focus more on the core reading as a better gauge of long-run trends. Both core and headline inflation on a 12-month basis were the same as in June. Excluding food, energy and housing, PCE increased just 0.1% on the month. As other inflation components ease, shelter has proven to be stubborn, again rising 0.4% in July, according to Friday’s report.

The Commerce Department’s Bureau of Economic Analysis said personal income increased 0.3%, slightly higher than the 0.2% estimate, while consumer spending rose 0.5%, in line with the forecast.

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

The national average price of gasoline is down 1.1 cents at $3.350 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/26/24 after the market close.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 591.57 (+0.51%) is up +12.37% in 2024.

Financial Calendar

08:30 AM ET Core PCE Price Index (MoM) (Jul), 0.2%, 0.2%
08:30 AM ET Core PCE Price Index (YoY) (Jul), 2.7%, 2.6%
08:30 AM ET PCE Price index (YoY) (Jul), 2.6%, 2.5%
08:30 AM ET PCE price index (MoM) (Jul), 0.2%, 0.1%
08:30 AM ET Personal Income (MoM) (Jul), 0.2%, 0.2%
08:30 AM ET Personal Spending (MoM) (Jul), 0.5%, 0.3%
08:30 AM ET Real Personal Consumption (MoM) (Jul), 0.2%
09:00 AM ET Dallas Fed PCE (Jul), 1.70%
09:45 AM ET Chicago PMI (Aug), 45.0, 45.3
10:00 AM ET Michigan 1-Year Inflation Expectations (Aug), 2.9%, 2.9%
10:00 AM ET Michigan 5-Year Inflation Expectations (Aug), 3.0%, 3.0%
10:00 AM ET Michigan Consumer Expectations (Aug), 72.1, 68.8
10:00 AM ET Michigan Consumer Sentiment (Aug), 67.8, 66.4
10:00 AM ET Michigan Current Conditions (Aug), 60.9, 62.7
10:30 AM ET Atlanta Fed GDPNow (Q3), 2.0%, 2.0%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 483
13:00 PM ET U.S. Baker Hughes Total Rig Count, 585
15:30 PM ET CFTC Aluminium speculative net positions, 2.3K
15:30 PM ET CFTC Copper speculative net positions, 20.3K
15:30 PM ET CFTC Corn speculative net positions, -165.3K
15:30 PM ET CFTC Crude Oil speculative net positions, 222.3K
15:30 PM ET CFTC Gold speculative net positions, 291.3K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 11.4K
15:30 PM ET CFTC Natural Gas speculative net positions, -81.3K
15:30 PM ET CFTC S&P 500 speculative net positions, -84.8K
15:30 PM ET CFTC Silver speculative net positions, 49.3K
15:30 PM ET CFTC Soybeans speculative net positions, -178.9K
15:30 PM ET CFTC Wheat speculative net positions, -25.7K