Dow stocks hitting 52-week highs include Visa (V) 223.89 (-0.13%). Dow stock 52-week lows include Verizon (VZ) 40.42 (+1.99%).

The Market

Premarket today, the Dow was indicated to open down -286 points.

Tuesday the Dow closed up +104.40 (+0.31%) at 33,733.96.

Year-to-date the Dow is up +1.77%.

Tuesday, (18) Dow stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Travelers (TRV) 193.25 (+3.70%), Verizon (VZ) 40.42 (+1.99%) and Caterpillar (CAT) 257.61 (+1.94%).

The Dow stock losers Tuesday were led by 3M (MMM) 115.00 (-6.21%), Walgreens (WBA) 35.90 (-2.10%) and Merck (MRK) 108.52 (-1.24%).

The 10 YR yield closed Tuesday at 3.480 (+0.35%) and the VIX at 19.20 (-3.08%). The 10 YR is currently at 3.452 and VIX is at 20.27 (+5.57%).

Microsoft (MSFT) shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment.

Boeing (BA) dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. The company cited labor and supply shortages for the disappointing numbers.

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

The national average price of gasoline is up +3.5 cents at $3.481 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) reported earnings on 1/19/23 before the market open with $1.59, beating estimates of $1.579 per share.

3M (MMM) reported earnings on 1/24/23 before the market open with $2.349, beating estimates of $2.28 per share.

Johnson & Johnson (JNJ) reported earnings on 1/24/23 before the market open with $2.22, missing estimates of $2.35 per share.

Travelers (TRV) reported earnings on 1/24/23 before the market open with $3.40, meeting estimates of $3.40 per share.

Microsoft (MSFT) reported earnings on 1/24/23 after the market close with $2.32, beating estimates of $2.27 per share.

Verizon (VZ) reported earnings on 1/24/23 after the market close with $1.19, missing estimates of $1.202 per share.

Boeing (BA) reported earnings on 1/25/23 before the market open with -$1.75, missing estimates of $0.05 per share.

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

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

Intel (INTC) 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.

McDonald’s (MCD) reports earnings on 1/31/23 before the market open.

Caterpillar (CAT) reports earnings on 1/31/23 before the market open.

Amgen (AMGN) reports earnings on 1/31/23 after the market close.

Honeywell (HON) reports earnings on 2/2/23 before the market open.

Merck (MRK) reports earnings on 2/2/23 before the market open.

Apple (AAPL) reports earnings on 2/2/23 after the market close.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 143.02 (+0.27%) is up +0.87% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.23%
07:00 AM ET MBA Mortgage Applications (WoW), 27.9%
07:00 AM ET MBA Purchase Index, 198.7
07:00 AM ET Mortgage Market Index, 238.7
07:00 AM ET Mortgage Refinance Index, 438.3
08:55 AM ET Redbook (YoY), 5.0%
10:30 AM ET Crude Oil Inventories, 0.971M, 8.408M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.202M
10:30 AM ET Crude Oil Imports, -1.224M
10:30 AM ET Cushing Crude Oil Inventories, 3.646M
10:30 AM ET Distillate Fuel Production, 0.057M
10:30 AM ET EIA Weekly Distillates Stocks, -1.121M, -1.939M
10:30 AM ET Gasoline Production, 0.332M
10:30 AM ET Heating Oil Stockpiles, -0.260M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.2%, 1.2%
10:30 AM ET Gasoline Inventories, 1.767M, 3.483M
13:00 PM ET 5-Year Note Auction, 3.973%