Dow stocks hitting 52-week highs include American Express (AXP) 194.00 and Coca Cola (KO) 62.00. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -250 points.

Wednesday the Dow closed up +305.28 (+0.86%) at 35,768.06.

Year-to-date the Dow is down -1.57%.

There were 23 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) 147.23 (+3.33%), Intel (INTC) 49.91 (+2.25%) and Microsoft (MSFT) 311.21 (+2.18%).

The Dow stock losers Wednesday were led by Amgen (AMGN) 237.19 (-1.58%), Coca Cola (KO) 61.04 (-1.55%) and Merck (MRK) 76.53 (-0.49%).

U.S. stock futures turned lower Thursday after government data showed a stronger-than-expected increase in consumer inflation. The 10-year Treasury yield jumped to 1.98%, around late 2019 highs.

The January consumer price index rose 7.5% year over year, more than estimates and the biggest jump since February 1982. Core CPI, excluding food and energy, rose in January 6% year over year, slightly higher than estimates and the biggest increase since August 1982. The CPI is key for markets since inflation is seen as a direct trigger for the Federal Reserve’s first Covid-era interest rate hikes, which are expected to begin in March. Initial jobless claims, also out before the bell, dropped to 223,000 for the week ended Feb. 5, fewer than the 230,000 expected.

Coca-Cola (KO) on Thursday reported quarterly earnings and revenue that topped expectations, and the Dow stock rose nearly 1% in the premarket. Profit in the fourth quarter was 45 cents per share on $9.46 billion in revenue. However, Coca-Cola issued a weaker-than-expected outlook, predicting higher inflation would continue as a drag on its earnings throughout 2022.

Disney (DIS) late Wednesday said it earned an adjusted $1.06 per share in its fiscal first quarter, helped by growth in its Disney+ subscriber base and record profit from its theme parks. Revenue of $21.82 billion also beat estimates. Disney+ subscribers surpassed projections, coming in at 129.8 million. Revenue of $7.2 billion at Disney’s parks, experiences and consumer products division doubled from pandemic-depressed year-ago levels and came in above estimates. Disney is up +6% pre-market.

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

The national average price of gasoline is up eight-tenths of a cent at $3.477 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.

IBM (IBM) reports earnings on 1/24/2022 after the market close with $3.35, missing estimates of $3.385 per share.

3M (MMM) reported earnings on 1/25/2022 before the market open with $2.31, beating estimates of $2.028 per share.

American Express (AXP) reported earnings on 1/25/2022 before the market open with $2.18, beating estimates of $1.778 per share.

Johnson & Johnson (JNJ) reported earnings on 1/25/2022 before the market open with $2.13, beating estimates of $2.123 per share.

Verizon (VZ) reported earnings on 1/25/2022 before the market open with $1.31, beating estimates of $1.282 per share.

Microsoft (MSFT) reported earnings on 1/25/2022 after the market close with $2.48, beating estimates of $2.288 per share.

Boeing (BA) reported earnings on 1/26/2022 before the market open with -$7.69, missing estimates of -$0.09 per share.

Intel (INTC) reported earnings on 1/26/2022 after the market close with $1.09, beating estimates of $0.90 per share.

Dow (DOW) reported earnings on 1/27/2022 before the market open with $2.15, beating estimates of $2.039.

McDonald’s (MCD) reported earnings on 1/27/2022 before the market open with $2.23, missing estimates of $2.309 per share.

Apple (AAPL) reported earnings on 1/27/2022 after the market close with $2.10, beating estimates of $1.888 per share.

Visa (V) reported earnings on 1/27/2022 after the market close with $1.81, beating estimates of $1.693 per share.

Caterpillar (CAT) reported earnings on 1/28/2022 before the market open with $2.69, beating estimates of $2.233 per share.

Chevron (CVX) reported earnings on 1/28/2022 before the market open with $2.63, missing estimates of $3.106 per share.

Honeywell (HON) reported earnings on 2/3/2022 before the market open with $2.09, beating estimates of $2.079 per share.

Merck (MRK) reported earnings on 2/3/2022 before the market open with $1.80, beating estimates of $1.456 per share.

Amgen (AMGN) reported earnings on 2/7/2022 after the market close with $4.36, beating estimates of $4.141 per share.

Disney (DIS) reported earnings on 2/9/2022 after the market close with $1.06, beating estimates of $0.573 per share.

Coca Cola (KO) reported earnings on 2/10/2022 before the market open with $0.45, beating estimates of $0.401 per share.

Cisco (CSCO) reports earnings on 2/16/2022 after the market close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 222.04 (+2.12%) is down -12.63% in 2022.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:30 AM ET Continuing Jobless Claims
08:30 AM ET Core CPI (MoM) (Jan)
08:30 AM ET Core CPI (YoY) (Jan)
08:30 AM ET Core CPI Index (Jan)
08:30 AM ET CPI (MoM) (Jan)
08:30 AM ET CPI (YoY) (Jan)
08:30 AM ET CPI Index, n.s.a. (Jan)
08:30 AM ET CPI Index, s.a (Jan)
08:30 AM ET CPI, n.s.a (MoM) (Jan)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET Real Earnings (MoM) (Jan)
10:30 AM ET Natural Gas Storage
11:00 AM ET Cleveland CPI (MoM) (Jan)
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET 30-Year Bond Auction
14:00 PM ET Federal Budget Balance (Jan)