The Dow Market Happenings For Wednesday, January 18, 2023 – Travelers (TRV) 185.00 Down -1.33% YTD

Dow stocks hitting 52-week highs include Caterpillar (CAT) 256.26 (-0.85%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +50 points.

Tuesday the Dow closed down -391.76 (-1.14%) at 33,910.85.

Year-to-date the Dow is up +2.30%.

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

The Dow stock winners Tuesday were led by McDonald’s (MCD) 274.11 (+1.94%), Chevron (CVX) 180.49 (+1.65%) and Apple (AAPL) 135.94 (+0.88%).

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -6.44%), Travelers (TRV) 185.00 (-4.60%) and Verizon (VZ) 40.85 (-2.41%).

The 10 YR yield closed Tuesday at 3.554 (+1.20%) and the VIX at 19.36 (+5.50%). The 10 YR is currently at 3.399 and VIX is at 18.85 (-2.63%).

The producer price index, a measure of prices received at the wholesale level, fell 0.5% in December. The inflation measure slipped by more than analysts expected, showing that prices are decreasing amid the Federal Reserve’s rate hikes. A 1.6% decline in prices for final demand goods weighed down the total index, according to the Wednesday report by the Bureau of Labor Statistics. On the flip side, the index for final demand services rose 0.1%. Economists expected that the index would rise 0.1% on the month and be 5.5% higher on the year, signaling a slowdown in price increases.

The yield on the benchmark 10-year Treasury note tumbled below 3.40% after December’s producer price index showed a larger-than-expected decline in wholesale prices.

IBM (IBM) shares dipped nearly 2% in the premarket after Morgan Stanley lowered its rating on the tech company to equal weight from overweight.

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

The national average price of gasoline is up +3.2 cents at $3.359 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) reported earnings on 1/13/23 before the market open with $3.57, beating estimates of $3.109 per share.

UnitedHealth (UNH) reported earnings on 1/13/23 before the market open with $5.34, beating estimates of $5.17 per share.

Goldman Sachs (GS) reported earnings on 1/17/23 before the market open with $3.32, missing estimates of $5.48 per share.

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

Travelers (TRV)

Travelers (TRV) 185.00 (-4.60%) is down -1.33% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.42%
07:00 AM ET MBA Mortgage Applications (WoW), 1.2%
07:00 AM ET MBA Purchase Index, 159.4
07:00 AM ET Mortgage Market Index, 186.7
07:00 AM ET Mortgage Refinance Index, 326.7
08:30 AM ET Core PPI (MoM) (Dec), 0.1% 0.4%
08:30 AM ET Core PPI (YoY) (Dec), 5.7% 6.2%
08:30 AM ET Core Retail Sales (MoM) (Dec), -0.4%, -0.2%
08:30 AM ET PPI (YoY) (Dec), 6.8%, 7.4%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Dec), 4.9%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Dec), 0.3%
08:30 AM ET PPI (MoM) (Dec), -0.1%, 0.3%
08:30 AM ET Retail Control (MoM) (Dec), -0.3%, -0.2%
08:30 AM ET Retail Sales (MoM) (Dec), -0.8%, -0.6%
08:30 AM ET Retail Sales (YoY) (Dec), 6.48%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Dec), -0.2%
08:55 AM ET Redbook (YoY), 5.3%
09:00 AM ET FOMC Member Bostic Speaks
09:15 AM ET Capacity Utilization Rate (Dec), 79.6%, 79.7%
09:15 AM ET Industrial Production (YoY) (Dec), 2.51%
09:15 AM ET Industrial Production (MoM) (Dec), -0.1%, -0.2%
09:15 AM ET Manufacturing Production (MoM) (Dec), -0.3%, -0.6%
09:30 AM ET FOMC Member Bullard Speaks
10:00 AM ET Business Inventories (MoM) (Nov), 0.4%, 0.3%
10:00 AM ET NAHB Housing Market Index (Jan), 31, 31
10:00 AM ET Retail Inventories Ex Auto (Nov), -0.3%
13:00 PM ET 20-Year Bond Auction, 3.935%
14:00 PM ET Beige Book
14:00 PM ET FOMC Member Harker Speaks
16:00 PM ET US Foreign Buying, T-bonds (Nov), 61.90B
16:00 PM ET Overall Net Capital Flow (Nov), 179.90B
16:00 PM ET TIC Net Long-Term Transactions (Nov), 67.8B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Nov), 50.60B
16:30 PM ET API Weekly Crude Oil Stock, 14.865M
18:00 PM ET Fed Logan Speaks

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