There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -209 points.

Thursday the Dow closed down -39.02 (-0.11%) at 34,053.94.

Year-to-date the Dow is up +2.74%.

Thursday, (15) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Microsoft (MSFT) 264.60 (+4.69%), Intel (INTC) 30.19 (+3.85%) and 3M (MMM) 120.209 (+3.82%).

The Dow stock losers Thursday were led by UnitedHealth (UNH) 470.83 (-5.27%), Merck (MRK) 103.46 (-3.29%) and Boeing (BA) 209.34 (-2.52%).

The 10 YR yield closed Thursday at 3.387 (+0.03%) and the VIX at 18.73 (+4.81%). The 10 YR is currently at 3.503 (+3.64%) and VIX is at 18.61 (-0.64%).

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000. The unemployment rate fell to 3.4% vs. the estimate for 3.6%. That is the lowest jobless level since May 1969. The labor force participation rate edged higher to 62.4%. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons also edged higher to 6.6%. Markets slumped following the report, with futures tied to the Dow Jones Industrial Average down about -200 points.

Apple (AAPL) saw its stock fall about 2% in premarket after the company missed expectations for revenue, profit, and sales for many of its lines of business. Apple’s overall sales for the holiday quarter fell 5% year over year, marking the company’s first top-line decline since 2019.

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

The national average price of gasoline is down seven-tenths of a cent at $3.491 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) reported earnings on 1/25/23 after the market close with $3.60, missing estimates of $43.60 per share.

Dow (DOW) reported earnings on 1/26/23 before the market open with $0.46, missing estimates of $0.569 per share.

Intel (INTC) reported earnings on 1/26/23 after the market close with $0.10, missing estimates of $0.201 per share.

Visa (V) reported earnings on 1/26/23 after the market close with $2.18, beating estimates of $2.007 per share.

American Express (AXP) reported earnings on 1/27/23 before the market open with $2.07, missing estimates of $2.183 per share.

Chevron (CVX) reported earnings on 1/27/23 before the market open with $4.09, missing estimates of $4.158 per share.

McDonald’s (MCD) reported earnings on 1/31/23 before the market open with $2.59, beating estimates of $2.455 per share.

Caterpillar (CAT) reported earnings on 1/31/23 before the market open with $3.86, missing estimates of $3.945 per share.

Amgen (AMGN) reported earnings on 1/31/23 after the market close with $4.09, beating estimates of $4.036 per share.

Honeywell (HON) reported earnings on 2/2/23 before the market open with $2.52, beating estimates of $2.487 per share.

Merck (MRK) reported earnings on 2/2/23 before the market open with $1.62, beating estimates of $1.56 per share.

Apple (AAPL) reported earnings on 2/2/23 after the market close with $1.88, missing estimates of $1.931 per share.

Disney(DIS) reports earnings on 2/8/23 after the market close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 174.64 (+1.64%) is up +31.71% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Jan), 0.3%, 0.3%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Jan), 4.3%, 4.6%
08:30 AM ET Average Weekly Hours (Jan), 34.3, 34.3
08:30 AM ET Government Payrolls (Jan), 3.0K
08:30 AM ET Manufacturing Payrolls (Jan), 6K, 8K
08:30 AM ET Nonfarm Payrolls (Jan), 185K, 223K
08:30 AM ET Participation Rate (Jan), 62.3%
08:30 AM ET Payrolls Benchmark, 374.00
08:30 AM ET Payrolls Benchmark, n.s.a., 462.00K
08:30 AM ET Private Nonfarm Payrolls (Jan), 190K, 220K
08:30 AM ET U6 Unemployment Rate (Jan), 6.5%
08:30 AM ET Unemployment Rate (Jan), 3.6%, 3.5%
09:45 AM ET S&P Global Composite PMI (Jan), 46.6
09:45 AM ET Services PMI (Jan), 46.6, 46.6
10:00 AM ET ISM Non-Manufacturing Business Activity (Jan), 54.5, 53.5
10:00 AM ET ISM Non-Manufacturing Employment (Jan), 49.4
10:00 AM ET ISM Non-Manufacturing New Orders (Jan), 45.2
10:00 AM ET ISM Non-Manufacturing PMI (Jan), 50.4, 49.2
10:00 AM ET ISM Non-Manufacturing Prices (Jan), 68.1
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 609
13:00 PM ET U.S. Baker Hughes Total Rig Count, 771
15:30 PM ET CFTC Aluminium speculative net positions, 5.9K
15:30 PM ET CFTC Copper speculative net positions, 20.2K
15:30 PM ET CFTC Corn speculative net positions, 277.4K
15:30 PM ET CFTC Crude Oil speculative net positions, 249.8K
15:30 PM ET CFTC Gold speculative net positions, 157.7K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, -25.3K
15:30 PM ET CFTC Natural Gas speculative net positions, -171.0K
15:30 PM ET CFTC S&P 500 speculative net positions, -209.0K
15:30 PM ET CFTC Silver speculative net positions, 25.7K
15:30 PM ET CFTC Soybeans speculative net positions, 155.2K
15:30 PM ET CFTC Wheat speculative net positions, -48.3K