Dow stocks hitting 52-week highs include Amgen (AMGN) 269.01 (-1.12%) and McDonald’s (MCD) 270.37 (-0.95%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -231 points.

Wednesday the Dow closed down -505.44 (-1.55%) at 32,147.76.

Year-to-date the Dow is down -11.53%.

Wednesday, (11) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Wednesday were Boeing (BA) 147.41 (+2.81%), Verizon (VZ) 37.71 (+091%) and Goldman Sachs (GS) 349.79 (+0.35%).

The Dow stock losers Wednesday were led by Salesforce (CRM) 150.01 (-6.14%), Disney (DIS) 101.82 (-3.94%) and Apple (AAPL) 145.03 (-3.73%).

The 10 YR yield closed Wednesday at 4.114% and the VIX at 25.86 (+0.19%). The 10 YR is currently at 4.035 and VIX is at 26.37 (+2.17%).

Fed Chairman Jerome Powell made it clear Wednesday that he won’t yield in his battle to tame inflation. “We still have some ways to go, and incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected,” Powell said after the central bank’s policy makers voted to raise its benchmark rate by another three-quarters of a point. At first, it appeared the Fed was going to take a more dovish tack, indicating that it may raise rates in smaller increments. Markets jumped on the news. Then Powell delivered his hawkish message and stocks reversed course. The chairman’s remarks will put even more focus on Friday’s October jobs report. If it’s strong, markets could be in for more turmoil.

Tomorrow we get the Jobs Report.

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

The national average price of gasoline is up 1.3 cents at $3.778 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) reported earnings on 10/13/2022 before the market open with $0.80, beating estimates of $0.779 per share.

JPMorgan (JPM) reported earnings on 10/14/2022 before the market open with $3.12, beating estimates of $2.961 per share.

UnitedHealth (UNH) reported earnings on 10/14/2022 before the market open with $5.79, beating estimates of $5.451 per share.

Goldman Sachs (GS) reported earnings on 10/18/2022 before the market open with $8.25, beating estimates of $7.69 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2022 before the market open with $2.55, beating estimates of $2.494 per share.

Procter & Gamble (PG) reported earnings on 10/19/2022 before the market open with $1.57, beating estimates of $1.548 per share.

Travelers (TRV) reported earnings on 10/19/2022 before the market open with $2.20, beating estimates of $1.77 per share.

IBM (IBM) reported earnings on 10/19/2022 after the market close with $1.81, beating estimates of $1.776 per share.

Dow (DOW) reported earnings on 10/20/2022 before the market open with $1.11, beating estimates of $1.026 per share.

American Express (AXP) reported earnings on 10/21/2022 before the market open with $2.47, beating estimates of $2.385 per share.

Verizon (VZ) reported earnings on 10/21/2022 before the market open with $1.32, beating estimates of $1.285 per share.

Coca Cola (KO) reported earnings on 10/25/2022 before the market open with $0.69, beating estimates of $0.636 per share.

3M (MMM) reported earnings on 10/25/2022 before the market open with $2.69, beating estimates of $2.612 per share.

Microsoft (MSFT) reported earnings on 10/25/2022 after the market close with $2.35, beating estimates of $2.29 per share.

Visa (V) reported earnings on 10/25/2022 after the market close with $1.93, beating estimates of $1.857 per share.

Boeing (BA) reported earnings on 10/26/2022 before the market open with -$6.18, missing estimates of -$0.006 per share.

Caterpillar (CAT) reported earnings on 10/27/2022 before the market open with $3.95, beating estimates of $3.186 per share.

Honeywell (HON) reported earnings on 10/27/2022 before the market open with $2.25, beating estimates of $2.163 per share.

McDonald’s (MCD) reported earnings on 10/27/2022 before the market open with $2.68, beating estimates of $2.57 per share.

Merck (MRK) reported earnings on 10/27/2022 before the market open with $1.85, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 10/27/2022 after the market close with $1.29, beating estimates of $1.261 per share.

Intel (INTC) reported earnings on 10/27/2022 after the market close with $0.59, beating estimates of $0.34 per share.

Chevron (CVX) reported earnings on 10/28/2022 before the market open with $5.56, beating estimates of $5.019 per share.

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

Disney (DIS) reports earnings on 11/8/2022 after the market close.

Home Depot (HD) reports earnings on 11/15/2022 before the market open.

Walmart (WMT) reports earnings on 11/15/2022 before the market open.

Cisco (CSCO) reports earnings on 11/16/2022 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 214.54 (-1.81%) is up +3.77% in 2022.

07:30 AM ET Challenger Job Cuts, 29.989K
07:30 AM ET Challenger Job Cuts (YoY), 67.6%
07:30 AM ET Challenger Job Cuts (Oct), 29.989K
08:30 AM ET Continuing Jobless Claims, 1,450K, 1,438K
08:30 AM ET Exports, 258.90B
08:30 AM ET Imports, 326.30B
08:30 AM ET Initial Jobless Claims, 220K, 217K
08:30 AM ET Jobless Claims 4-Week Avg., 219.00K
08:30 AM ET Nonfarm Productivity (QoQ) (Q3), 0.6%, -4.1%
08:30 AM ET Trade Balance (Sep), -72.20B, -67.40B
08:30 AM ET Unit Labor Costs (QoQ) (Q3), 4.1%, 10.2%
09:45 AM ET S&P Global Composite PMI (Oct), 47.3
09:45 AM ET Services PMI (Oct), 46.6, 46.6
10:00 AM ET Durables Excluding Defense (MoM) (Sep), 1.4%
10:00 AM ET Durables Excluding Transport (MoM) (Sep), -0.5%
10:00 AM ET Factory Orders (MoM) (Sep), 0.3%, 0.0%
10:00 AM ET Factory orders ex transportation (MoM) (Sep), 0.2%
10:00 AM ET ISM Non-Manufacturing Business Activity (Oct), 59.1
10:00 AM ET ISM Non-Manufacturing Employment (Oct), 53.0
10:00 AM ET ISM Non-Manufacturing New Orders (Oct), 60.6
10:00 AM ET ISM Non-Manufacturing PMI (Oct), 55.5, 56.7
10:00 AM ET ISM Non-Manufacturing Prices (Oct), 68.7
10:30 AM ET Natural Gas Storage, 97B, 52B
11:30 AM ET 4-Week Bill Auction, 3.600%
11:30 AM ET 8-Week Bill Auction, 3.820%