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 -91 points.

Thursday the Dow closed down -249.13 (-0.73%) at 33,699.88. .

Year-to-date the Dow is up +1.67%.

Thursday, (5) 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 Salesforce (CRM) 173.66 (+2.38%), Walmart (WMT) 141.52 (+0.93%) and UnitedHealth (UNH) 485.73 (+0.52%).

The Dow stock losers Thursday were led by Walgreens (WBA) 35.81 (-2.05%), 2M (MMM) 112.93 (-2.01%) and Goldman Sachs (GS) 367.99 (-1.90%).

The 10 YR yield closed Thursday at 3.682 (-0.16%) and the VIX at 20.71 (+5.50%). The 10 YR is currently at 3.686 (-0.05%) and VIX is at 21.50 (+3.81%).

Stock futures are up Thursday as investors digest corporate earnings that came in better than feared.

Investors will seek more detail on the central bank’s policy from Fed Governor Christopher Waller and Philadelphia Fed President Patrick Harker. Both are slated to speak on Friday afternoon.

Oil prices rose Friday after Russia said it will cut output by 500,000 barrels a day following a slew of Western bans and price caps on Moscow’s crude and oil products implemented over the last few months. Brent crude futures were last up $1.80, or 2.13%, to $86.30 a barrel, while U.S. West Texas Intermediate crude futures gained $1.64 up $2.01, or 2.10%, to trade at $79.70. The production cut equates to about 5% of Russia’s latest crude oil output.

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

The national average price of gasoline is down eight-tenths of a cent at $3.437 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 with $0.99, beating estimates of $0.693 per share.

Coca Cola (KO) reported earnings on 2/14/23 before the market open.

Cisco (CSCO) reports earnings on 2/15/23 after the market close.

Home Depot (HD) reports earnings on 2/21/23 before the market open.

Walmart (WMT) reports earnings on 2/21/23 before the market open.

Salesforce (CRM) reports earnings on 3/1/23 after the market close.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 367.99 (-1.90%) is up +7.17% in 2023.

Financial Calendar

10:00 AM ET Michigan 5-Year Inflation Expectations (Feb), 2.90%, 2.90%
10:00 AM ET Michigan Consumer Expectations (Feb), 62.9, 62.7
10:00 AM ET Michigan Consumer Sentiment (Feb), 65.0, 64.9
10:00 AM ET Michigan Current Conditions (Feb), 68.0, 68.4
10:00 AM ET Michigan Inflation Expectations (Feb), 4.0%, 3.9%
12:30 PM ET Fed Waller Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 599
13:00 PM ET U.S. Baker Hughes Total Rig Count, 759
14:00 PM ET Federal Budget Balance (Jan), -63.0B, -85.0B
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
16:00 PM ET FOMC Member Harker Speaks