Dow stocks hitting 52-week highs include Coca Cola (KO) 64.56 (+1.18%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -49 points.

Tuesday the Dow closed down -87.72 (-0.26%) at 34,220.36.

Year-to-date the Dow is down -5.83%.

There were 10 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) 63.26 (+2.11%), Chevron (CVX) 169.01 (+2.08%) and Coca Cola (KO) 64..56 (+1.18%).

The Dow stock losers Tuesday were led by Cisco (CSCO) 51.82 (-2.00%), Visa (V) 211.40 (-1.56%) and Merck (MRK) 85.63 (-1.15%).

The 10 YR yield is currently at 2.713%.

Bond yields ticked higher Wednesday morning. The yield on the benchmark 10-year Treasury note traded around 2.75%. Before the release of the March CPI data on Tuesday, it had reached its highest point since December 2018, topping 2.82%.

Wholesale inflation in March jumped 1.4% on the month, the Labor Department said Wednesday, rising more than estimates of 1.1%. On an annual basis, the producer price index increased 11.2% from a year ago, the biggest since the data started being collected in November 2010. In February, wholesale inflation rose 10% on an annual basis. So-called core PPI, which excludes food, energy and trade services, rose 0.9% in March. That’s above estimates of 0.5%. In February, core PPI increased by just 0.2% month over month.

JPMorgan (JPM) reported better-than-expected revenue and posted per-share earnings of $2.63 for the first quarter. It also reported a $524 million hit from market dislocations related to sanctions on Russia, and CEO Jamie Dimon said in prepared remarks he sees “significant” challenges ahead for the U.S. economy.

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

The national average price of gasoline is down 1.5 cents at $4.083 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) reported earnings on 3/31/2022 before the market open with $1.59, beating estimates of $1.389 per share.

JPMorgan (JPM) reported earnings on 4/13/2022 before the market open with $2.63, missing estimates of $2.734 per share.

Goldman Sachs (GS) reports earnings on 4/14/2022 before the market open.

UnitedHealth (UNH) reports earnings on 4/14/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/19/2022 before the market open.

Travelers (TRV) reports earnings on 4/19/2022 before the market open.

IBM (IBM) reports earnings on 4/19/2022 after the market close.

Procter & Gamble (PG) reports earnings on 4/20/2022 before the market open.

Dow (DOW) reports earnings on 4/21/2022 before the market open.

American Express (AXP) reports earnings on 4/22/2022 before the market open.

Honeywell (HON) reports earnings on 4/22/2022 before the market open.

Verizon (VZ) reports earnings on 4/22/2022 before the market open.

Coca Cola (KO) reports earnings on 4/25/2022 before the market open.

3M (MMM) reports earnings on 4/26/2022 before the market open.

Microsoft (MSFT) reports earnings on 4/26/2022 after the market close.

Visa (V) reports earnings on 4/26/2022 after the market close.

Boeing (BA) reports earnings on 4/27/2022 before the market open.

Amgen (AMGN) reports earnings on 4/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 4/28/2022 before the market open.

McDonald’s (MCD) reports earnings on 4/28/2022 before the market open.

Merck (MRK) reports earnings on 4/28/2022 before the market open.

Apple (AAPL) reports earnings on 4/28/2022 after the market close.

Intel (INTC) reports earnings on 4/28/2022 after the market close.

Chevron (CVX) reports earnings on 4/29/2022 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 249.17 (-0.51%) is down -7.05% 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
08:30 AM ET Core PPI (MoM) (Mar)
08:30 AM ET Core PPI (YoY) (Mar)
08:30 AM ET PPI (YoY) (Mar)
08:30 AM ET PPI (MoM) (Mar)
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
12:00 PM ET Thomson Reuters IPSOS PCSI (Apr)