Dow stocks hitting 52 week highs include McDonald’s (MCD) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -66 points.

Tuesday the Dow was up +3.36 (+0.01%) at 33,984.93.

Year-to-date the Dow is up +11.04%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Chevron (CVX) 102.70 (+1.16%), McDonald’s (MCD) 234.98 (+1.15%) and Goldman Sachs (GS) 346.63 (+0.91%).

The Dow stock losers Tuesday were led by 3M (MMM) 194.45 (-2.59%), Intel (INTC) 57.97 (-1.34%) and Verizon (VZ) 56.32 (-1.09%).

Boeing (BA), before the market open, issued its sixth consecutive quarterly loss but it expects a turning point in 2021 as more people get vaccinated against Covid.

The 10-year Treasury yield topped 1.65% Wednesday morning in advance of the conclusion of the Fed’s two-day April meeting.

Federal Reserve Chairman Jerome Powell speaks at the central bank’s post-meeting news conference Wednesday afternoon. The Fed is not expected to adjust near-zero interest rates or the pace of asset purchases.

President Biden is set to address a joint session of Congress on Wednesday night and will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials said. The massive new package comes less than a month after the White House issued a sweeping proposal to spend more than $2 trillion over eight years on infrastructure and other projects. On the eve of his 100th day in office, President Biden will also tell lawmakers about his administration’s broader vision for the U.S. and his legislative priorities.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is unchanged at $2.885 per gallon.

Earnings Reports

Goldman Sachs (GS) reported earnings on 4/14/2021 before the market open of $18.60, beating estimates of $9.79 per share.

JPMorgan (JPM) reported earnings on 4/14/2021 before the market open of $4.50, beating estimates of $3.046 per share.

UnitedHealth (UNH) reported earnings on 4/15/2021 before the market open of $5.31, beating estimates of $4.423 per share.

Coca Cola (KO) reported earnings on 4/19/2021 before the market open of $0.55, beating estimates of $0.497 per share.

IBM (IBM) reported earnings on 4/19/2021 after the market close of $1.77, beating estimates of $1.668 per share.

Johnson & Johnson (JNJ) reported earnings on 4/20/2021 before the market open of $2.69, beating estimates of $2.31 per share.

Procter & Gamble (PG) reported earnings on 4/20/2021 before the market open of $1.26, beating estimates of $1.184 per share.

Travelers (TRV) reported earnings on 4/20/2021 before the market open of $2.73, beating estimates of $2.443 per share.

Verizon (VZ) reported earnings on 4/21/2021 before the market open of $1.31, beating estimates of $1.287 per share.

Dow (DOW) reported earnings on 4/22/2021 before the market open of $1.36, beating estimates of $1.103 per share.

Intel (INTC) reported earnings on 4/22/2021 after the market close of $1.39, beating estimates of $1.151 per share.

American Express (AXP) reported earnings on 4/23/2021 before the market open of $2.74, beating estimates of $1.678 per share.

Honeywell (HON) reported earnings on 4/23/2021 before the market open $2.03, beating estimates of $1.803 per share.

3M (MMM) reported earnings on 4/27/2021 before the market open of $2.77, beating estimates of $2.252 per share.

Amgen (AMGN) reported earnings on 4/27/2021 after the market close $3.70, missing estimates of $4.003 per share.

Microsoft (MSFT) reported earnings on 4/27/2021 after the market close $1.95, beating estimates of $1.756 per share.

Visa (V) reported earnings on 4/27/2021 after the market close $1.38, beating estimates of $1.264 per share.

Boeing (BA) reported earnings on 4/28/2021 before the market open of -$1.53, missing estimates calling for -$1.167 per share.

Apple (AAPL) reports earnings on 4/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 4/29/2021 before the market open.

McDonald’s (MCD) reports earnings on 4/29/2021 before the market open.

Merck (MRK) reports earnings on 4/29/2021 before the market open.

Chevron (CVX) reports earnings on 4/30/2021 before the market open.

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 52.51 (-0.42%) is up +31.67% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET International Trade in Goods (Advance)

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

2:00 PM ET FOMC Announcement

2:30 PM ET Fed Chair Press Conference