Dow stocks at 52 week highs were DIS, HD, JNJ, KO, MRK, PFE, PG, T, TRV and VZ. There are no Dow stock 52 week lows. That said, AT&T looks to open down about -4%.

The Market

Tuesday the Dow closed up +152.29 (+1.05%) at 14,719.46.

This morning the Dow was indicated to open up +12 points.

AT&T (T) reported quarterly earnings in line with expectations but sales that came up short.

Boeing (BA) reported a 20% surge in year-over-year net income, despite a drop in revenue from its grounded Dreamliners.

Procter & Gamble (PG) reported better-than-expected earnings and revenue but lowered its guidance for the current quarter.

European markets are higher and Asian markets ended higher.

The national average price of gasoline is up one-tenth of a cent to $3.516 per gallon.

Earnings Reports

AT&T (T) reported first quarter earnings rose to $3.7 billion, or 67 cents per share, from $3.58 billion, or 60 cents per share, in the year-ago quarter. Revenue fell to $31.36 billion from $31.82 billion in the year-ago quarter. Expectations were for $0.64 EPS on revenue of $31.74 billion.

Boeing Co. reported earnings increased 41.8% to $1.73 in the quarter versus EPS of $1.22 in the year-earlier quarter. Revenue decreased 2.53% to $18.89 billion from the year-earlier quarter. Expectations were for earnings of $1.48 on revenue of $18.84 billion.

Procter & Gamble Co. reported earnings increased 5.32% to $0.99 in the quarter versus EPS of $0.94 in the year-earlier quarter. Revenue was up 2% to $20.6 billion from the year-earlier quarter. Expectations were for earnings of $0.96 on revenue of $20.74 billion.

CVX reports earnings on 4/26/13 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.

XOM reports earnings 4/25/13 before the market open.

3M (MMM).

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.8% with purchase sub-index +3.9% and refi sub-index +5.2%.

0830 ET March durable goods orders expected -3.0% m/m, Feb +5.6% m/m. March durable goods orders ex-transportation expected +0.5% m/m, Feb -0.7% m/m. March non-defense capital goods orders ex-transportation expected +0.3% m/m, Feb -3.2% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auction of $35 billion of 5-year T-notes.