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

The Market

Premarket today, the Dow was indicated to open up +50 points.

Tuesday the Dow was down -157.71 (-0.55%) at 28,679.81.

Year-to-date the Dow is up +0.50%.

There were 7 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Disney (DIS) 128.96 (+3.19%), Walmart (WMT) 146.23 (+1.37%) and Home Depot (HD) 290.36 (+1.20%).

The Dow stock losers Tuesday were led by Travelers (TRV) 112.89 (-3.13%), Boeing (BA) 162.14 (-3.11%) and Apple (AAPL) 121.10 (-2.65%).

Goldman Sachs (GS) posted third-quarter results that crushed analysts’ profit estimates on stronger-than-expected results in bond trading and asset management. The firm generated $3.62 billion in profit, or $9.68 a share, exceeding the $5.57 per share estimate of analysts. Companywide revenue of $10.78 billion topped the estimate by more than $1 billion, driven by the trading and asset management divisions.

UnitedHealth (UNH) earnings per share fell 9.5% to $3.51. Revenue climbed 7.9% to $65.115 billion, led by a 21% jump in revenue for the Optum health services division to $34.9 billion. Analysts expected UnitedHealth earnings of $2.98 a share, down 23% vs. a year earlier. Revenue was seen rising 5.7% to $63.79 billion.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.180 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reported earnings on Tuesday 10/13/2020 before the market open of $2.20, beating estimates calling for $1.987 per share.

JPMorgan (JPM) 96.27 (+0.96%) reported earnings on Tuesday 10/13/2020 before the market open of $2.92, beating estimates calling for $2.353 per share.

Goldman Sachs (GS) reported earnings on Wednesday 10/14/2020 before the market open of $9.68, beating estimates calling for $5.57 per share.

UnitedHealth (UNH) reported earnings on Wednesday 10/14/2020 before the market open of $3.51, beating estimates of $2.981 per share.

Walgreens (WBA) reports earnings on Thursday 10/15/2020 before the market open.

IBM (IBM) reports earnings on Monday 10/19/2020 after the market close.

Procter & Gamble (PG) reports earnings on Tuesday 10/20/2020 before the market open.

Travelers (TRV) reports earnings on Tuesday 10/20/2020 before the market open.

Verizon (VZ) reports earnings on Wednesday 10/21/2020 before the market open.

Microsoft (MSFT) reports earnings on Wednesday 10/21/2020 after the market close.

Dow (DOW) reports earnings on Thursday 10/22/2020 before the market open.

Coca Cola (KO) reports earnings on Thursday 10/22/2020 before the market open.

Intel (INTC) reports earnings on Thursday 10/22/2020 after the market close.

American Express (AXP) reports earnings on Friday 10/23/2020 before the market open.

Honeywell (HON) reports earnings on Friday 10/23/2020 before the market open.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 125.10 (-1.66%) is down -6.67% year-to-date. IBM (IBM) YTD low was 90.56 on 3/23/2020. IBM has provided a +38.14% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET PPI-Final Demand

10:00 AM ET Atlanta Fed Business Inflation Expectations