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 -112 points.

Thursday the Dow closed down -431.20 (-1.26%) at 33.696.85. .

Year-to-date the Dow is up +1.66%.

Thursday, (2) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were Cisco (CSCO) 50.99 (+5.24%) and Home Depot (HD) 321.24 (+0.17%).

The Dow stock losers Thursday were led by Disney (DIS) 105.83 (-3.12%), Microsoft (MSFT) 262.15 (-2.66%), Amgen (AMGN) 234.22 (-2.43%) and Nike (NKE) 124.38 (-2.43%).

The 10 YR yield closed Thursday at 3.873 (+0.83%) and the VIX at 20.17 (+10.64%). The 10 YR is currently at 3.893 (+1.35%) and VIX is at 20.84 (+3.32%).

Yields on the 10-year and 2-year U.S. Treasury bonds have hit levels not seen since November, weighing on equities.

Thursday the Labor Department said the producer price index, an inflation metric that tracks wholesale prices, rose 0.7% last month. That was more than economists expected.

Stocks are also under pressure following comments from St. Louis Federal Reserve President James Bullard. He said he backed a 50 basis point interest rate hike at the central bank’s previous meeting and that he would not rule out a rate increase of that magnitude at the March meeting.

Prices for imported goods fell again in January, dropping 0.2% on a slide in fuel prices. The decline was slightly more than the Dow Jones estimate for a 0.1% drop and continued a streak of negative readings that began in June 2022, the Labor Department reported Friday. Imported fuel prices tumbled 4.4% while imports excluding fuel rose 0.3%. Prices for food, feeds and beverages increased 1.3%. Despite the streak of declines, import prices are up 0.8% over the past year. Export prices rose 0.8% on the month and are up 2.3% on an annual basis.

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

The national average price of gasoline is down one-tenth of a cent at $3.421 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 with $0.47, beating estimates of $0.447 per share.

Cisco (CSCO) reported earnings on 2/15/23 after the market close with $0.88, beating estimates of $0.759 per share.

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

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 158.24 (-0.71%) is down -10.42% in 2023.

Financial Calendar

08:30 AM ET Export Price Index (YoY), 5.0%
08:30 AM ET Export Price Index (MoM) (Jan), -0.2%, -2.6%
08:30 AM ET FOMC Member Barkin Speaks
08:30 AM ET Import Price Index (MoM) (Jan), -0.2%, 0.4%
08:30 AM ET Import Price Index (YoY), 3.5%
08:45 AM ET FOMC Member Bowman Speaks
10:00 AM ET US Leading Index (MoM) (Jan), -0.3%, -0.8%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 609
13:00 PM ET U.S. Baker Hughes Total Rig Count, 761
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