Dow stocks at 52 week highs were DIS, HD, JNJ, KO, PFE, PG and VZ.. There are no Dow stock 52 week lows.

The Market

Friday the Dow closed up +10.37 (+0.07%) at 14,547.51.

This morning the Dow was indicated to open up +43 points.

Last week DJIA was down -2.7%, Nasdaq -2.7%, S&P 500 -2.1% and Russell 2000 -3.2%

Year-to-date DJIA is up +11.0%, Nasdaq +6.2%, S&P 500 +9.0% and Russell 2000 +7.4%

That sounds and looks like a pullback doesn’t it?

Caterpillar (CAT) this morning reported Q1 EPS of $1.31, below consensus. See Earnings Reports below for more on Caterpillar.

European markets are higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent to $3.518 per gallon.

Earnings Reports

Caterpillar reported quarterly earnings excluding items of $1.31 per share, down from $2.37 per share in the comparable year-ago period. Revenue sank to $13.21 billion from $15.98 billion a year ago. Expectations were for earnings per share of $1.40 per share on $13.71 billion in revenue. Caterpillar revised its 2013 sales outlook to a range of $57 billion to $61 billion, with profit per share of about $7 at the middle of the sales and revenues outlook range. The company said the cut was necessary “because our expectations for mining have decreased significantly.” Previously the range was $60 billion to $68 billion with earnings of $7 to $9 a share. Shares are down premarket.

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.

MRK will report earnings on 5/1/13 before the market open.

PFE will report earnings on 4/30/13 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.

AT&T (T).

DD, T, TRV and UTX report earnings tomorrow.

Financial Calendar

0830 ET March Chicago FedÂ’s National Activity index expected 0.35, Feb 0.44.

0830 ET New York Fed President William Dudley and EU Economic and Monetary Affairs Commissioner Olli Rehn speak in New York at the Transatlantic Economic Interdependence and Policy Changes Conference.

1000 ET March existing home sales expected +0.4% to 5.00 mln, Feb +0.8% to 4.98 mln.

1100 ET USDA weekly grain export inspections.

1500 ET USDA March Cold Storage.

1600 ET USDA Crop Progress.