Dow stocks hitting 52-week highs include Chevron (CVX) 149.72. Dow stock 52-week lows include JPMorgan (JPM) 136.45.

The Market

Premarket today, the Dow was indicated to open up +145 points.

Tuesday the Dow closed down -597.65 (-1.76%) at 33,294.95.

Year-to-date the Dow is down -8.38%.

There were 4 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Chevron (CVX) 149.72 (+3.97%), Home Depot (HD) 320.25 (+1.40%) and Walmart (WMT) 135.99 (+0.61%).

The Dow stock losers Tuesday were led by American Express (AXP) 178.06 (-8.47%), Boeing (BA) 194.91 (-5.08%) and JPMorgan (JPM) 136.45 (-3.77%).

Bond yields, a day after slumping, moved higher Wednesday to around 1.77% on the 10-year Treasury.

Wrestling with the war’s potential impact on the economy against even more inflation from higher oil, Federal Reserve Chairman Jerome Powell is set to deliver his semiannual assessment of the economy before a House panel Wednesday and a Senate panel Thursday.

U.S. oil skyrocketed Wednesday despite member states of the International Energy Agency announcing plans the day before to release 60 million barrels of oil reserves, half of that total from the U.S., in an effort to curb price increases. West Texas Intermediate crude, the American benchmark, topped $112 per barrel, its highest since May 2011. Global benchmark Brent crude reached $113 per barrel, its highest since summer 2014.

U.S. companies added 475,000 jobs in February, better than estimates of 400,000, ADP reported Wednesday. January’s count was dramatically revised from a loss of 301,000 to a gain of 509,000.

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

The national average price of gasoline is up 3.7 cents at $3.656 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) reported earnings on 2/16/2022 after the market close with $0.84, beating estimates of $0.725 per share.

Walmart (WMT) reported earnings on 2/17/2022 before the market open with $1.53, beating estimates of $1.496 per share.

Home Depot (HD) reported earnings on 2/22/2022 before the market open with $3.21, beating estimates of $3.195 per share.

Salesforce (CRM) reported earnings on 3/1/2022 after the market close with $0.84, beating estimates of $0.124 per share.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 239.63 (-2.10%) is down -10.61% in 2022.

Financial Calendar

05:00 AM ET OPEC Meeting
06:10 AM ET 3-Month Bill Auction
06:10 AM ET 6-Month Bill Auction
07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:15 AM ET ADP Nonfarm Employment Change (Feb)
09:30 AM ET FOMC Member Bullard Speaks
10:00 AM ET Fed Chair Powell Testifies
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs (WoW)
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW)
10:30 AM ET Gasoline Inventories
14:00 PM ET Beige Book