Dow stocks hitting 52-week highs include Travelers (TRV) 182.70 (+0.09%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -169 points.

Tuesday the Dow closed up +254.17 (+0.74%) at 34,807.46..

Year-to-date the Dow is down -4.21%.

There were 6 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Boeing (BA) 191.04 (+2.76%), Nike (NKE) 133.09 and JPMorgan (JPM) 142.62 (+2.13%).

The Dow stock losers Tuesday were by Johnson & Johnson (JNJ) 175.00 (-0.47%), UnitedHealth (UNH) 505.32 (-0.46%) and Caterpillar (CAT) 222.71 (-0.45%).

The 10 YR yield is currently at 2.354%.

Moderna’s two-dose Covid vaccine was about 44% effective at preventing infection from the omicron variant in children 6 months to under 2 years old and about 38% effective for children 2 years to 5 years old, according to data released by the company Wednesday. None of the kids developed severe illness and the majority of breakthrough cases were mild. Moderna plans to ask the Food and Drug Administration to grant emergency use authorization for the vaccine for children under 6 years old as soon as possible.

One of the two black boxes from Monday’s China Eastern Airlines plane crash has been found, Chinese state media said Wednesday. Officials said the black box was “heavily damaged” and it was hard to tell whether it was the one that records flight data or cockpit communications with air traffic controllers. A Boeing 737-800 jet carrying 132 people nose-dived Monday in a rural, mountainous part of the southern region of Guangxi. While China has not confirmed any fatalities, authorizes said late Tuesday that rescue workers haven’t found any survivors.

Department of Transportation Secretary Pete Buttigieg said Wednesday the administration was ready to dole out $2.9 billion in grants for state and local infrastructure projects, such as highway, bridge, freight, port and public transit expansions and repairs. The money is part of the bipartisan $1 trillion infrastructure bill that Biden signed into law four months ago.

The CEOs of American semiconductor giants Intel and Micron are set to testify before the Senate Commerce Committee on Wednesday to make the case for $52 billion in U.S. subsidies for chip manufacturing. A persistent industrywide shortage of chips has disrupted production in the automotive and electronics industries.

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

The national average price of gasoline is down five-tenths of a cent at $4.237 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2022 after the market close with $0.87, beating estimates of $0.732 per share.
Walgreens (WBA) reports earnings on 3/31/2022 before the market open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 191.04 (+2.76%) is down -5.11% in 2022.

Financial Calendar

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
08:00 AM ET Fed Chair Powell Speaks
10:00 AM ET New Home Sales (MoM) (Feb)
10:00 AM ET New Home Sales (Feb)
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
11:45 AM ET FOMC Member Daly Speaks