Dow stocks hitting 52-week highs include Caterpillar (CAT) 250.73 (+0.09%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +6 points.

Wednesday the Dow closed up +268.91 (+0.80%) at 33,973.01.

Year-to-date the Dow is up +2.49%.

Wednesday, (22) stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Wednesday were led by Microsoft (MSFT) 235.77 (+3.02%), Home Depot (HD) 329.00 (+2.61%) and Apple (AAPL) 133.49 (+2.11%).

The Dow stock losers Wednesday were led by Verizon (VZ) 41.18 (-1.84%), Salesforce (CRM) 144.90 (-1.72%) and Procter & Gamble (PG) 150.66 (-0.81%).

The 10 YR yield closed Wednesday at 3.520 (-1.07%) and the VIX at 21.09 (+2.48%). The 10 YR is currently at 3.508 and VIX is at 20.18 (-4.31%).

It’s CPI day and all numbers hit expectations. The consumer price index dipped -0.1% for December, rose +6.5% year-over-year, is +0.3% higher than the prior month and +5.7% higher than a year ago.

Futures were up before the CPI announcement, then they went down and are now currently mixed.

Disney (DIS) shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz’s attempt to join the board as the two sides prepare for a proxy battle.

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

The national average price of gasoline is down five-tenths of a cent at $3.272 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/5/23 before the market open with $1.16, beating estimates of $1.145 per share.

JPMorgan (JPM) will reports earnings on 1/13/23 before the market open.

UnitedHealth (UNH) reports earnings on 1/13/23 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/23 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/23 before the market open.

3M (MMM) reports earnings on 1/24/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/23 before the market open.

Microsoft (MSFT) reports earnings on 1/24/23 after the market close.

Travelers (TRV) reports earnings on 1/24/23 before the market open.

Verizon (VZ) reports earnings on 1/24/23 before the market open.

Boeing (BA) reports earnings on 1/25/23 before the market open.

IBM (IBM) reports earnings on 1/25/23 after the market close.

Intel (INTC) reports earnings on 1/25/23 after the market close.

McDonald’s (MCD) reports earnings on 1/26/23 before the market open.

Caterpillar (CAT) reports earnings on 1/26/23 before the market open.

Dow (DOW) reports earnings on 1/26/23 before the market open.

Apple (AAPL) reports earnings on 1/26/23 after the market close.

Visa (V) reports earnings on 1/26/23 after the market close.

American Express (AXP) reports earnings on 1/27/23 before the market open.

Chevron (CVX) reports earnings on 1/27/23 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 235.77 (+3.02%) is down -1.69% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,705K, 1,694K
08:30 AM ET Core CPI (MoM) (Dec), 0.3%, 0.2%
08:30 AM ET Core CPI (YoY) (Dec), 5.7%, 6.0%
08:30 AM ET Core CPI Index (Dec), 300.07
08:30 AM ET CPI (MoM) (Dec), 0.0%, 0.1%
08:30 AM ET CPI (YoY) (Dec), 6.5%, 7.1%
08:30 AM ET CPI Index, n.s.a. (Dec), 296.70, 297.71
08:30 AM ET CPI Index, s.a (Dec), 298.35
08:30 AM ET CPI, n.s.a (MoM) (Dec), -0.10%
08:30 AM ET Initial Jobless Claims, 215K, 204K
08:30 AM ET Jobless Claims 4-Week Avg., 213.75K
08:30 AM ET Real Earnings (MoM) (Dec), 0.2%
10:30 AM ET Natural Gas Storage, -221B
11:00 AM ET Cleveland CPI (MoM) (Dec), 0.5%
11:30 AM ET 4-Week Bill Auction, 4.100%
11:30 AM ET 8-Week Bill Auction, 4.430%
12:00 PM ET WASDE Report
13:00 PM ET 30-Year Bond Auction, 3.513%
14:00 PM ET Federal Budget Balance (Dec), -70.0B, -249.0B