Dow stocks hitting 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +120 points.

Tuesday the Dow closed up +162.82 (+0.46%) at 35,264.67.

Year-to-date the Dow is up +15.22%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Caterpillar (CAT) 214.07 (+2.48%), Walmart (WMT) 148.68 (+2.13%) and Dow (DOW) 63.12 (+2.10%).

The Dow stock losers Tuesday were led by Salesforce (CRM) 243.39 (-2.38%), Visa (V) 238.07 (-0.80%) and American Express (AXP) 169.49 (-0.76%).

The July reading on the consumer price index rose 5.4% on a year-over-year basis. That’s a touch higher than the forecast of 5.3%. Month over month, the CPI climbed by 0.5%, in line with expectations.

The Senate approved a budget resolution early Wednesday, marking the first step taken by Democrats toward passing a $3.5 trillion spending plan. The resolution was passed with a 50-49 vote along party lines. Republicans have united against the proposal as well as the tax hikes Democrats plan to use to pay for it. The measure, which directs Senate committees to craft a bill that includes spending on climate initiatives, paid leave and other items in the Democratic agenda, comes a day after the Senate passed a $1 trillion bipartisan infrastructure bill.

US futures are higher, European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $3.185 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reported earnings on 7/13/2021 before the market open of $15.02, beating estimates of $10.24 per share.

JPMorgan (JPM) reported earnings on 7/13/2021 before the market open of $3.78, beating estimates of $3.10 per share.

UnitedHealth (UNH) reported earnings on 7/15/2021 before the market open of $4.70, beating estimates of $4.407 per share.

IBM (IBM) reported earnings on 7/19/2021 after the market close of $2.33, beating estimates of $2.252 per share.

Travelers (TRV) reported earnings on 7/20/2021 before the market open of $3.45, beating estimates of $2.346 per share.

Johnson & Johnson (JNJ) reported earnings on 7/21/2021 before the market open of $2.48, beating estimates of $2.28 per share.

Coca Cola (KO) reported earnings on 7/21/2021 before the market open of $0.68, beating estimates of $0.566 per share.

Verizon (VZ) reported earnings on 7/21/2021 before the market open of $1.37, beating estimates of $1.303 per share.

Dow (DOW) reported earnings on 7/22/2021 before the market open of $2.72, beating estimates calling for $2.477 per share.

Intel (INTC) reported earnings on 7/22/2021 after the market close of $1.28, beating estimates of $1.057 per share.

American Express (AXP) reported earnings on 7/23/2021 before the market open of $2.80, beating estimates of $1.641 per share.

Honeywell (HON) reported earnings on 7/23/2021 before the market open of $2.02, beating estimates of $1.938 per share.

3M (MMM) reported earnings on 7/27/2021 before the market open of $2.59, beating estimates of $2.245 per share.

Apple (AAPL) reported earnings on 7/27/2021 after the market close of $1.30, beating estimates of $1.001 per share.

Microsoft (MSFT) reported earnings on 7/27/2021 after the market close of $2.17, beating estimates of $1.90 per share.

Visa (V) reported earnings on 7/27/2021 after the market close of $1.49, beating estimates of $1.334 per share.

Boeing (BA) reported earnings on 7/28/2021 before the market open of $0.40, beating estimates of -$0.654 per share.

McDonald’s (MCD) reported earnings on 7/28/2021 before the market open of $2.37, beating estimates of $2.123 per share.

Merck (MRK) reported earnings on 7/29/2021 before the market open of $1.30, missing estimates calling for $1.325 per share.

Caterpillar (CAT) reported earnings on 7/30/2021 before the market open of $2.56, beating estimates of $2.36 per share.

Chevron (CVX) reported earnings on 7/30/2021 before the market open of $1.60, beating estimates of $1.536 per share.

Procter & Gamble (PG) reported earnings on 7/30/2021 before the market open of $1.13, beating estimates of $1.083 per share.

Amgen (AMGN) reported earnings on 8/3/2021 after the market close of $4.38, beating estimates of $4.128 per share.

Disney (DIS) reports earnings on 8/12/2021 after the market close.

Home Depot (HD) reports earnings on 8/17/2021 before the market open.

Walmart (WMT) reports earnings on 8/17/2021 before the market open.

Cisco (CSCO) reports earnings on 8/18/2021 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 177.07 (+0.20%) is down -2.27% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET CPI

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET 10-Yr Note Auction

2:00 PM ET Treasury Statement