There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +39 points.

Wednesday the Dow closed up +416.33 (+1.29%) at 32,812.50.

Year-to-date the Dow is down -9.70%.

Wednesday, (25) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Disney (DIS) 109.02 (+4.12%), Apple (AAPL) 166.13 (+3.82%) and Salesforce (CRM) 189.65 (+3.19%).

The Dow stock losers Wednesday were led by Chevron (CVX) 155.36 (-2.38%), Walmart (WMT) 130.50 (-1.64%) and Caterpillar (CAT) 182.87 (-0.35%).

The 10 YR yield is currently at 2.732% and the VIX is at 21.95 (-8.72%).

Stocks are set for a muted open Thursday, as weekly jobless claims rose slightly last week but met expectations. The market is looking to build off Wednesday’s robust gains, which put an end to a two-day losing streak to start August trading.

Walmart (WMT), the largest private employer in the U.S., has started to lay off corporate workers. The decision, which the company confirmed Wednesday, came public a little more than one week after the Arkansas-based retail giant cut its full-year profit outlook and warned about inflation’s impact on discretionary spending.

Oil bounced between gains and losses Thursday morning, a day after crude futures for both the U.S. and international benchmarks slid nearly 4% and settled at their lowest levels since February. The move came as OPEC and its oil-producing allies said they would only raise their output by 100,000 barrels per day in September. An unexpected increase in U.S. crude and gasoline stockpiles also weighed on energy markets in Wednesday’s session. On Thursday morning, West Texas Intermediate futures traded as low as $90.15 per barrel.

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

The national average price of gasoline is down 2.4 cents at $4.139 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/22 after the market close with $0.90, beating estimates of $0.812 per share.

Walgreens (WBA) reported earnings on 6/30/22 before the market open with $0.96, beating estimates of $0.953 per share.

JPMorgan (JPM) reported earnings on 7/14/22 before the market open with $2.76, missing estimates of $2.854 per share.

UnitedHealth (UNH) reported earnings on 7/15/22 before the market open with $5.57, beating estimates of $5.243 per shaare.

Goldman Sachs (GS) reports earnings on 7/18/22 before the market open with $7.33, beating estimates of $6.992 per share.

IBM (IBM) reported earnings on 7/18/22 after the market close with $2.31, beating estimates of $2.288 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/22 before the market open with $2.59, beating estimates of $2.57 per share.

Dow (DOW) reported earnings on 7/21/22 before the market open with $2.31, beating estimates of $2.14 per share.

Travelers (TRV) reported earnings on 7/21/22 before the market open with $2.57, beating estimates of $1.998 per share.

American Express (AXP) reported earnings on 7/22/22 before the market open with $2.57, beating estimates of $2.371 per share.

Verizon (VZ) reported earnings on 7/22/22 before the market open with $1.31, missing estimates of $1.338 per share.

3M (MMM) reported earnings on 7/26/22 before the market open with $2.48, beating estimates of $2.407 per share.

Coca Cola (KO) reported earnings on 7/26/22 before the market open with $0.70, beating estimates of $0.673 per share.

McDonald’s (MCD) reported earnings on 7/26/22 before the market open with $2.55, beating estimates of $2.456 per share.

Microsoft (MSFT) reported earnings on 7/26/22 after the market close with $2.23, missing estimates of $2.284 per share.

Visa (V) reported earnings on 7/26/22 after the market close with $1.98, beating estimates of $1.739 per share.

Boeing (BA) reported earnings on 7/27/22 before the market open with -$0.37, missing estimates of $-$0.078 per share.

Honeywell (HON) reported earnings on 7/28/22 before the market open with $2.10, beating estimates of $2.027 per share.

Merck (MRK) reported earnings on 7/28/22 before the market open with $1.87, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 7/28/22 after the market close with $1.20, beating estimates of $1.138 per share.

Intel (INTC) reports earnings on 7/28/22 after the market close with $0.29, missing estimates of $0.689 per share.

Chevron (CVX) reported earnings on 7/29/22 before the market open with $55.95, beating estimates of $5.017 per share.

Procter & Gamble (PG) reported earnings on 7/29/22 before the market open with $1.21, missing estimates of $1.232 per share.

Caterpillar (CAT) reported earnings on 8/2/22 before the market open with $3.18, beating estimates of $2.996 per share.

Amgen (AMGN) reports earnings on 8/4/22 after the market close.

Disney (DIS) reports earnings on 8/10/22 after the market close.

Home Depot (HD) reports earnings on 8/16/22 before the market open.

Walmart (WMT) reports earnings on 8/16/22 before the market open.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 130.50 (-1.64%) is down -9.81% in 2022.

Financial Calendar

07:30 AM ET Challenger Job Cuts (YoY), 58.8%
07:30 AM ET Challenger Job Cuts (Jul), 32.517K
08:30 AM ET Continuing Jobless Claims, 1,370K, 1,359K
08:30 AM ET Exports, 255.90B
08:30 AM ET Imports, 341.40B
08:30 AM ET Initial Jobless Claims, 259K, 256K
08:30 AM ET Jobless Claims 4-Week Avg., 249.25K
08:30 AM ET Trade Balance (Jun), -80.10B, -85.60B
10:30 AM ET Natural Gas Storage, 29B, 15B
11:30 AM ET 4-Week Bill Auction, 2.140%
11:30 AM ET 8-Week Bill Auction, 2.210%
12:00 PM ET FOMC Member Mester Speaks