Dow stocks hitting 52 week highs include Cisco (CSCO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +5 points.

Tuesday the Dow closed up +30.55 (+0.09%) at 35,366.26.

Year-to-date the Dow is up +15.55%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) 63.26 (+1.93%), Goldman Sachs (GS)408.56 (+1.77%) and Caterpillar (CAT) 212.59 (+1.65%).

The Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) 175.39 (-1.25%), Walmart (WMT) 148.90 (-1.03%) and Home Depot (HD) 324.90 (-0.87%).

The Dow is about 0.7% away its latest record close on August 16.

The 10-year Treasury yield ticked higher Wednesday to around 1.3% ahead of this week’s Federal Reserve’s annual economic symposium, held virtually this year due to rising nationwide Covid cases.

Johnson & Johnson (JNJ) was modestly higher in Wednesday’s premarket after the U.S. drug maker said a booster shot of its Covid vaccine generated virus-fighting antibodies “nine-fold higher” than those seen four weeks after the single dose. J&J’s vaccine, cleared for emergency use in the U.S., only requires one dose. Recipients are considered fully vaccinated two weeks after receiving the shot.

Goldman Sachs (GS) said Tuesday only Covid vaccinated people, both employees and clients, can enter its buildings, starting Sept. 7. The bank also said, according to a company memo sent to U.S. workers, that everybody must wear masks in all common areas. Goldman Sachs is also implementing a mandatory weekly testing program for vaccinated workers on Sept. 7.

House Democrats forged ahead with President Joe Biden’s economic plans Tuesday after they broke a stalemate that had threatened to unravel the party’s sprawling agenda. In a 220-212 party-line vote, the House passed a $3.5 trillion budget resolution and advanced a $1 trillion bipartisan infrastructure bill. The vote allows Democrats to write and approve a massive spending package without Republicans and puts the Senate-passed infrastructure plan on a path to final passage in the House. The measure includes a nonbinding commitment to vote on the infrastructure bill by Sept. 27.

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

The national average price of gasoline is down five-tenths of a cent at $3.147 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 of $0.80, beating estimates calling for $0.565 per share.

Home Depot (HD) reported earnings on 8/17/2021 before the market open of $4.53, beating estimates of $4.427 per share.

Walmart (WMT) reported earnings on 8/17/2021 before the market open of $1.78, beating estimates of $1.562 per share.

Cisco (CSCO) reported earnings on 8/18/2021 after the market close of $0.84, beating estimates of $0.737 per share.

Salesforce (CRM) reports earnings on 8/25/2021 after the market close.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 238.43 (-0.51%) is up +11.11% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Durable Goods Orders

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

11:30 AM ET 2-Yr FRN Note Auction

1:00 PM ET 5-Yr Note Auction