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 up +49 points.

Tuesday the Dow closed down -697.10 (-2.06%) at 33,129.59. .

Year-to-date the Dow is down -0.05%.

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

The Dow stock winners Tuesday as Walmart (WMT) 147.33 (+0.61%).

The Dow stock losers Tuesday were led by Home Depot (HD) 295.50 (-7.06%), Intel (INTC) 26.06 (-5.61%), 3M (MMM) 109.25 (-3.31%), Nike (NKE) 121.10 (-3.00%) and Disney (DIS) 102.09 (-2.97%).

The 10 YR yield closed Tuesday at 3.947 (-0.10%) and the VIX at 22.87 (+14.24%). The 10 YR is currently at 3.927 (-0.61%) and VIX is at 23.31 (+1.92%).

Mounting concerns that the Fed will continue hiking rates spooked investors Tuesday and pushed stocks to their worst day of 2023. A slew of earnings reports, including disappointing results from Home Depot also sparked concerns about the health of the consumer.

At 11:00 am PST we get the last FOMC meeting minutes release.

St. Louis Fed President James Bullard said Wednesday he was confident that the central bank can reach its inflation goals this year.

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

The national average price of gasoline is down five-tenths of a cent at $3.397 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) reported earnings on 2/21/23 before the market open with $3.30, beating estimates of $3.262 per share.

Walmart (WMT) reported earnings on 2/21/23 before the market open with $1.91, beating estimates of $1.517 per share.

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

Nike (NKE) reports earnings on 3/20/23 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 59.80 (-0.53%) is down -5.99% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.39%
07:00 AM ET MBA Mortgage Applications (WoW), -7.7%
07:00 AM ET MBA Purchase Index, 179.6
07:00 AM ET Mortgage Market Index, 230.4
07:00 AM ET Mortgage Refinance Index, 480.5
08:55 AM ET Redbook (YoY), 4.9%
13:00 PM ET 5-Year Note Auction, 3.530%
14:00 PM ET FOMC Meeting Minutes
16:30 PM ET API Weekly Crude Oil Stock, 10.507M
18:30 PM ET FOMC Member Williams Speaks