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 +96 points.

Wednesday the Dow closed down -84.50 (-0.26%) at 33,045.09. .

Year-to-date the Dow is down -0.31%.

Wednesday, (12) Dow stocks was up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Salesforce (CRM) 163.36 (+1.08%), American Express (AXP) 174.70 (+0.70%) and Travelers (TRV) 186.12 (+0.47%).

The Dow stock losers Wednesday were led by Intel (INTC) 25.47 (-2.26%), Walmart (WMT) 144.24 (-2.10%) and Caterpillar (CAT) 237.89 (-1.17%).

The 10 YR yield closed Wednesday at 3.923 (0.00%) and the VIX at 22.29 (-2.54%). The 10 YR is currently at 3.927 (-0.61%) and VIX is at 23.31 (+1.92%).

Yesterday the Federal Reserve released the minutes of its most recent meeting, which concluded Feb. 1, showing that members of the central bank are resolved to keep fighting inflation with rate hikes. Inflation “remained well above” the Fed’s 2% target and the labor market “remained very tight, contributing to continuing upward pressures on wages and prices,” according to the minutes.

The number of Americans filing for jobless aid fell last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy. Applications for unemployment benefits in the U.S. for the week ending Feb. 18 fell by 3,000 last week to 192,000, from 195,000 the previous week, the Labor Department said Thursday. It’s the sixth straight week claims were under 200,000. The four-week moving average of claims, which evens out some of the weekly volatility, inched up by 1,500 to 191,250. It’s the fifth straight week that figure has been below 200,000.

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

The national average price of gasoline is down four-tenths of a cent at $3.393 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

McDonald’s (MCD)

McDonald’s (MCD) 268.64 (+0.03%) is up +1.94% in 2023.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Jan), -0.49
08:30 AM ET Continuing Jobless Claims, 1,700K, 1,696K
08:30 AM ET Core PCE Prices (Q4), 3.90%, 3.90%
08:30 AM ET Corporate Profits (QoQ) (Q4), 0.8%
08:30 AM ET GDP (QoQ) (Q4), 2.9%, 2.9%
08:30 AM ET GDP Price Index (QoQ) (Q4), 3.5%, 3.5%
08:30 AM ET GDP Sales (Q4), 1.4%
08:30 AM ET Initial Jobless Claims, 200K, 194K
08:30 AM ET Jobless Claims 4-Week Avg., 189.50K
08:30 AM ET PCE Prices (Q4), 3.2%
08:30 AM ET Real Consumer Spending (Q4), 2.1%
10:30 AM ET Natural Gas Storage, -67B, -100B
10:50 AM ET FOMC Member Bostic Speaks
11:00 AM ET Crude Oil Inventories, 2.083M, 16.283M
11:00 AM ET EIA Refinery Crude Runs (WoW), -0.383M
11:00 AM ET Crude Oil Imports, -1.072M
11:00 AM ET Cushing Crude Oil Inventories, 0.659M
11:00 AM ET Distillate Fuel Production, -0.155M
11:00 AM ET EIA Weekly Distillates Stocks, -1.126M, -1.285M
11:00 AM ET Gasoline Production, -0.004M
11:00 AM ET Heating Oil Stockpiles, -0.349M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.2%, -1.4%
11:00 AM ET Gasoline Inventories, 0.108M, 2.317M
11:00 AM ET KC Fed Composite Index (Feb), -1
11:00 AM ET KC Fed Manufacturing Index (Feb), -4
11:30 AM ET 4-Week Bill Auction, 4.510%
11:30 AM ET 8-Week Bill Auction, 4.650%
13:00 PM ET 7-Year Note Auction, 3.517%