Dow stocks hitting 52-week highs include Chevron (CVX). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +189 points.

Wednesday the Dow closed down -339.82 (-0.96%) at 35,028.65.

Year-to-date the Dow is down -3.60%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Procter & Gamble (PG) 162.00 (+3.36%), Walmart (WMT) 143.94 (+1.00%) and UnitedHealth (UNH) 462.52 (+0.33%).

The Dow stock losers Wednesday were led by Boeing (BA) 217.08 (-3.52%), Caterpillar (CAT) 221.66 (-3.10%) and American Express (AXP) 161.39 (-2.88%).

Weekly initial jobless claims increased to 286,000 to the highest level since October. The latest reading was much higher than estimates and up 55,000 from the previous week’s revised level.

White House chief medical advisor Dr. Anthony Fauci said the Food and Drug Administration could approve Pfizer and BioNTech’s Covid vaccine for children under 5 years old in the next month. Younger children will likely need three doses, because two shots did not induce an adequate immune response in 2- to 4-year-olds in Pfizer’s clinical trials, Fauci said Wednesday. Kids under 5 are particularly vulnerable right now because they are the only age group that is not currently eligible for vaccination.

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

The national average price of gasoline is up four-tenths of a cent at $3.320 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reported earnings on 1/14/2022 before the market open with $3.33, beating estimates of $2.978 per share.

Goldman Sachs (GS) reported earnings on 1/18/2022 before the market open with $10.81, missing estimates of $11.76 per share.

Procter & Gamble (PG) reported earnings on 1/19/2022 before the market open with $1.66, beating estimates of $1.649 per share.

UnitedHealth (UNH) reported earnings on 1/19/2022 before the market open with $4.48, beating estimates of $4.296 per share.

Travelers (TRV) reported earnings on 1/20/2022 before the market open with $5.20, beating estimates of $3.861 per share.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Dow (DOW) reports earnings on 1/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 1/27/2022 before the market open.

Apple (AAPL) reports earnings on 1/27/2022 after the market close.

Visa (V) reports earnings on 1/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 1/28/2022 before the market open.

Chevron (CVX) reports earnings on 1/28/2022 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 81.29 (-0.31%) is up +6.07% in 2022.

Financial Calendar

08:30 USD Continuing Jobless Claims
08:30 USD Initial Jobless Claims
08:30 USD Jobless Claims 4-Week Avg.
08:30 USD Philadelphia Fed Manufacturing Index (Jan)
08:30 USD Philly Fed Business Conditions (Jan)
08:30 USD Philly Fed CAPEX Index (Jan)
08:30 USD Philly Fed Employment (Jan)
08:30 USD Philly Fed New Orders (Jan)
08:30 USD Philly Fed Prices Paid (Jan)
10:00 USD Existing Home Sales (Dec)
10:00 USD Existing Home Sales (MoM) (Dec)
10:30 USD Natural Gas Storage
11:00 USD Crude Oil Inventories
11:00 USD EIA Refinery Crude Runs (WoW)
11:00 USD Crude Oil Imports
11:00 USD Cushing Crude Oil Inventories
11:00 USD Distillate Fuel Production
11:00 USD EIA Weekly Distillates Stocks
11:00 USD Gasoline Production
11:00 USD Heating Oil Stockpiles
11:00 USD EIA Weekly Refinery Utilization Rates (WoW)
11:00 USD Gasoline Inventories
11:30 USD 4-Week Bill Auction
11:30 USD 8-Week Bill Auction
13:00 USD 10-Year TIPS Auction