Dow stocks at 52 week highs include JNJ, MCD and PFE. There are no Dow stock 52 week lows.

The Market

Well it’s April Fools day and the start of a new quarter

The Dow opened down -7 points or so.

The Dow closed Thursday up -52.38 (+0.36%) at 14,578.54.

AT&T (T) approved a new 300 million share repurchase program but said that it plans to slow the pace of its repurchases.

The FDA approved Johnson & Johnson’s (JNJ +0.32%) Invokana medication to treat Type 2 diabetes.

Pfizer (PFE) shares ar higher after last week’s European Commission approval of a new leukemia drug called BOSULIF.

3M (MMM +0.97%) and Avery Dennison (AVY) concluded various patent infringement and related lawsuits between the two companies.

Cisco (CSCO) increased its dividend by 3 cents to 17 cents per share.

European markets are higher and Asian markets ended lower.

The national average price of gasoline is down two-tenths of a cent to $3.634 per gallon.

Earnings Reports

The next Dow stock to report earnings will be Alcoa (AA), which will report 4/8/13 after the market close.

JPM is set to report earnings on 4/11/13 before the open (not confirmed though).

Cal-Maine Foods (CALM) is expected to report third quarter EPS today of $1.40 vs. $1.09 a year ago.

Financial Calendar

1000 ET March ISM manufacturing index expected -0.2 to 54.0, Feb +1.1 to 54.2. Mar ISM prices-paid sub-index expected -1.5 to 60.0, Feb +5.0 to 61.5.

1000 ET Feb construction spending expected +1.0% m/m, Jan -2.1% m/m.

1100 ET USDA weekly grain export inspections.