There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -7 points.

Tuesday, the Dow was down -36.94 (-0.20%) at 18,068.23.

Year-to-date the Dow is up +1.38%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Wal-Mart (WMT) +1.10% and Disney (DIS) +0.59%.

The Dow stock losers Tuesday were led by Intel (INTC) -1.35% and Merck (MRK) -0.93%.

Microsoft (MSFT) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.

American Express (AXP) rose nearly 2% in after-hours trading after it authorized a 150 million share repurchase and raised its dividend.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is up one cent at $2.668 per gallon.

Earnings Reports.

1. Johnson & Johnson (JNJ) reported Q1 EPS of $1.53, below consensus of $1.54 on 4/14/2015 before the market open.

2. JMorgan (JPM) reported Q1 EPS of $1.61, better than consensus of $1.41 on 4/14/2015 before the market open.

3. Intel (INTC) reports earnings on 4/14/2015 after the market close.

4. Goldman Sachs (GS) reports earnings on 4/16/2015 before the market open.

5. American Express reports earnings on 4/16/2015 after the market close.

6. Goldman Sachs (GS) reports earnings on 4/16/2015 before the market open.

7. United Health (UNH) reports earnings on 4/16/2015 before the market open.

8. General Electric (GE) reports earnings on 4/17/2015 before the market open.

9. IBM (IBM) reports earnings on 4/20/2015 after the market close.

10. Dupont (DD) reports earnings on 4/21/2015before the market open.

11. Travelers (TRV) reports earnings on 4/21/2015 before the market open.

12. Verizon (VZ) reported earnings on 4/21/2015 before the market open of $1.02, beating consensus of $0.954 per share.

13. United Technologies (UTX) reported earnings on 4/21/2015 before the market open of $1.51, beating consensus of $1.438 per share.

14. Caterpillar (CAT) reported earnings on 4/23/2015 before the market open of $1.86, beating consensus of $1.348 per share.

15. Coca Cola (KO) reports earnings on 4/22/2015 before the market open of $0.48, beating consensus of $0.43 per share.

16. McDonald’s (MCD) reports earnings on 4/22/2015 before the market open of $0.84, missing consensus of $1.055 per share.

17. Boeing (BA) reports earnings on 4/22/2015 before the market open of $1.97, beating consensus of $1.805 per share.

18. 3M (MMM) reports earnings on 4/23/2015 before the market open.

19. Procter & Gamble (PG) reports earnings on 4/23/2015 before the market open.

20. Microsoft (MSFT) reports earnings on 4/23/2015 after the market close

21. Apple (AAPL) reports earnings on 4/27/2015 after the market close.

22. Pfizer (PFE) reports earnings on 4/28/2015 before the market open.

23. Merck (MRK) reports earnings on 4/28/2015 before the market open.

24. Exxon Mobil (XOM) reports earnings on 4/30/2015 before the market open.

25. Visa (V) reports earnings on 4/30/2015 after the market open.

26. Chevron (CVX) reports earnings on 5/1/2015 before the market open.

27. Disney (DIS) reported earnings on 5/5/2015 after the market open of $1.23, beating consensus of $1.113 per share.

28. Cisco (CSCO) reports earnings on 5/13/2015 after the market open.

29. Home Depot (HD) reports earnings on 5/19/2015 before the market open.

30. Wal-Mart (WMT) reports earnings on 5/19/2015 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +4.67% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.6% with purchase sub-index +0.8% and refi sub-index -8.3%.

0830 ET Apr retail sales expected +0.2%, +0.5% ex autos, +0.6% ex-autos and gas; Mar +0.9%, +0.4% ex autos, +0.5% ex-autos and gas.

0830 ET Apr import price index expected +0.3% m/m and -9.7% y/y, Mar -0.3% m/m and -10.5% y/y.

1000 ET Mar business inventories expected +0.2%, Feb +0.3%.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $24 billion 10-year T-notes.