There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 39.27 (-0.78%), Intel (INTC) 25.33 (+1.16%), JPMorgan (JPM) 103.61 (+1.62%), Microsoft (MSFT) 225.75 (+0.15%) and Verizon (VZ) 35.68 (-0.72%).

The Market

Premarket today, the Dow was indicated to open down -519 points.

Wednesday the Dow closed down -28.34 (-0.10%) at 29,210.85.

Year-to-date the Dow is down -19.61%.

Wednesday, (13) Dow stocks were up, (65) made 52-week lows and none made 52-week highs.

The Dow stock winners Wednesday were led by JPMorgan (JPM) 103.61 (+1.62%), Coca Cola (KO) 55.14 (+1.21%) and Intel (INTC) 25.33 (+1.16%).

The Dow stock losers Wednesday were led by Walgreens (WBA) 31.94 (-2.05%), Walmart (WMT) 131.17 (-1.13%) and Boeing (BA) 130.42 (-0.87%).

The 10 YR yield closed Wednesday at 3.920% and the VIX at 33.57 (-0.27%). The 10 YR is currently at 4.052 and VIX is at 33.39 (-0.54%).

Well seniors get an 8.7% COLA to their Social Security in 2023, the largest increase to benefits in more than four decades.

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment.

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank’s September meeting. In discussions leading up to a 0.75 percentage point rate hike, policymakers noted that inflation is especially taking its toll on lower-income Americans. They reiterated rate hikes are likely to continue and higher rates will prevail until the problem is showing signs of resolving.

Unemployment insurance weekly claims in the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of 9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week’s unrevised average of 206,500. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 1, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 1,368,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,361,000 to 1,365,000. The 4-week moving average was 1,363,750, a decrease of 8,000 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 1,370,750 to 1,371,750. The total number of continued weeks claimed for benefits in all programs for the week ending September 24 was 1,254,842, an increase of 7,935 from the previous week. There were 3,649,033 weekly claims filed for benefits in all programs in the comparable week in 2021.

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

The national average price of gasoline is down nine-tenths of a cent at $3.913 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reported earnings on 9/29/2022 after the market close with $0.93, beating estimates of $0.913 per share.

Walgreens (WBA) reports earnings on 10/13/2022 before the market open.

JPMorgan (JPM) reports earnings on 10/14/2022 before the market open.

UnitedHealth (UNH) reports earnings on 10/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 10/18/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 10/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 10/19/2022 before the market open.

Travelers (TRV) reports earnings on 10/19/2022 before the market open.

IBM (IBM) reports earnings on 10/19/2022 after the market close.

Dow (DOW) reports earnings on 10/20/2022 before the market open.

American Express (AXP) reports earnings on 10/21/2022 before the market open.

Verizon (VZ) reports earnings on 10/21/2022 before the market open.

Coca Cola (KO) reports earnings on 10/25/2022 before the market open.

3M (MMM) reports earnings on 10/25/2022 before the market open.

Visa (V) reports earnings on 10/25/2022 after the market close.

Boeing (BA) reports earnings on 10/26/2022 before the market open.

Caterpillar (CAT) reports earnings on 10/27/2022 before the market open.

Honeywell (HON) reports earnings on 10/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 10/27/2022 before the market open.

Merck (MRK) reports earnings on 10/27/2022 before the market open.

Apple (AAPL) reports earnings on 10/27/2022 after the market close.

Intel (INTC) reports earnings on 10/27/2022 after the market close.

Chevron (CVX) reports earnings on 10/28/2022 before the market open.

Amgen (AMGN) reports earnings on 11/3/2022 after the market close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 108.95 (+0.10%) is down -38.66% in 2022.

04:00 AM ET IEA Monthly Report
08:30 AM ET Continuing Jobless Claims, 1,365K, 1,361K
08:30 AM ET Core CPI (MoM) (Sep), 0.5%, 0.6%
08:30 AM ET Core CPI (YoY) (Sep), 6.5%, 6.3%
08:30 AM ET Core CPI Index (Sep), 296.95
08:30 AM ET CPI (MoM) (Sep), 0.2%, 0.1%
08:30 AM ET CPI (YoY) (Sep), 8.1%, 8.3%
08:30 AM ET CPI Index, n.s.a. (Sep), 296.43, 296.17
08:30 AM ET CPI Index, s.a (Sep), 295.62
08:30 AM ET CPI, n.s.a (MoM) (Sep), -0.04%
08:30 AM ET Initial Jobless Claims, 225K, 219K
08:30 AM ET Jobless Claims 4-Week Avg., 206.50K
08:30 AM ET Real Earnings (MoM) (Sep), -0.1%
10:30 AM ET Natural Gas Storage, 123B, 129B
11:00 AM ET Cleveland CPI (MoM) (Sep), 0.7%
11:00 AM ET Crude Oil Inventories, 1.750M, -1.356M
11:00 AM ET EIA Refinery Crude Runs (WoW), 0.210M
11:00 AM ET Crude Oil Imports, -0.407M
11:00 AM ET Cushing Crude Oil Inventories, 0.273M
11:00 AM ET Distillate Fuel Production, 0.230M
11:00 AM ET EIA Weekly Distillates Stocks, -2.050M, -3.443M
11:00 AM ET Gasoline Production, 0.389M
11:00 AM ET Heating Oil Stockpiles, 0.499M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.8%, 0.7%
11:00 AM ET Gasoline Inventories, -1.825M, -4.728M
11:00 AM ET IMF Meetings
11:30 AM ET 4-Week Bill Auction, 2.920%
11:30 AM ET 8-Week Bill Auction, 3.230%
13:00 PM ET 30-Year Bond Auction, 3.511%