Verizon (VZ) is the only Dow stock at 52 week highs. Alcoa (AA) is at a 52 week low. This is the first Dow stock 52 week low that has appeared in a long, long while.
Yesterday the Dow closed down -81.45 (-0.56%) at 14,537.14.
This morning the Dow was indicated to open up +41 points, but is now down -37.
Police near Boston are in a manhunt for one of the suspects in the Boston marathon bombing. The other suspect was shot and killed in a shoot-out with police.
European markets are mostly higher and Asian markets ended higher.
The national average price of gasoline is down six-tenths of a cent to $3.506 per gallon.
Last night IBM and Microsoft reported earnings after the close.
International Business Machines (IBM) reported Q1 EPS of $3.00 versus the estimated $3.05, missing by $0.05. Revenue was $23.40B versus the estimated $24.69B.
Microsoft (MSFT) reported Q3 EPS of $0.65 versus the estimated $0.76, missing by $0.11. Revenue was $20.40B versus the estimated $20.68B.
Before the open today we had earnings from GE and McDonald’s.
General Electric Co. adjusted earnings per share increased 14.71% to $0.39 in the quarter versus EPS of $0.34 in the year-earlier quarter. Revenue decreased 0.49% to $35.01 billion from the year-earlier quarter. Results beat the estimates for $0.35 eps and revenue of $34.63 billion.
McDonaldâ€™s Corp. earnings increased 2.44% to $1.26 in the quarter versus EPS of $1.23 in the year-earlier quarter. Revenue was up 0.9% to $6.61 billion from the year-earlier quarter. McDonaldâ€™s missed the eps estimate for $1.27 and beat the average revenue estimate of $6.59 billion.
BA reports earnings on 4/24/13 before the market open.
CAT will report earnings 4/22/13 before the market open.
CVX reports earnings on 4/26/13 before the market open.
DD will report earnings on 4/23/13 before the market open.
MMM reports earnings on 4/25/13 before the market open.
PG reports earnings on 4/24/13 before the market open.
T will report earnings on 4/23/13 after the market close.
TRV will report earnings on 4/23/13 before the market open.
UTX will report earnings on 4/23/13 before the market open.
XOM reports earnings 4/25/13 before the market open.
Caterpillar (CAT) looks near a 52 week low too.
n/a G-20 finance ministers and central bank governors conclude 2-day meeting in Washington.
1200 ET Fed Governor Jeremy Stein delivers the closing keynote at the Richmond FedÂ’s 2013 Credit Markets Symposium.
1500 ET USDA Cattle on Feed.