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 -379 points.

Thursday the Dow closed up +108.82 (+0.33%) at 33,153.91. .

Year-to-date the Dow is up +0.02%.

Thursday, (20) Dow stocks was up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Merck (MRK) 110.59 (+1.31%), Microsoft (MSFT) 254.77 (+1.30%) and Boeing (BA) 208.13 (+1.15%).

The Dow stock losers Thursday were led by Verizon (VZ) 38.53 (-1.91%), Walmart (WMT) 142.09 (-1.49%) and McDonald’s (MCD) 266.78 (-0.69%).

The 10 YR yield closed Thursday at 3.883 and the VIX at 21.14 (-5.16%). The 10 YR is currently at 3.957 (+1.91%) and VIX is at 22.34 (+5.68%).

A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expenditures price index excluding food and energy increased 0.6% for the month, and was up 4.7% from a year ago, the Commerce Department reported Friday. Wall Street had expected respective readings of 0.5% and 4.4%. Including the volatile food and energy components, headline inflation increased 0.6% and 5.4% respectively. Consumer spending also rose more than expected as prices increased, jumping 1.8% for the month vs. the estimate for 1.4%. Personal income increased 1.4%, higher than the 1.2% estimate. The personal saving rate also was up, rising to 4.7%.

Boeing (BA) shares slipped nearly 3% in extended trading after the company temporarily halted delivery of its 787 Dreamliners over a fuselage issue. The company won’t be able to resume deliveries until it can show the FAA it has resolved the issue. However, production will continue and Boeing doesn’t expect the issue to require additional work on the 787s.

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

The national average price of gasoline is down eight-tenths of a cent at $3.385 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

3M (MMM)

3M (MMM) 108.91 (-0.03%) is down -9.18% in 2023.

Financial Calendar

08:30 AM ET Core PCE Price Index (MoM) (Jan), 0.4%, 0.3%
08:30 AM ET Core PCE Price Index (YoY) (Jan), 4.3%, 4.4%
08:30 AM ET PCE Price index (YoY) (Jan), 5.0%
08:30 AM ET PCE price index (MoM) (Jan), 0.1%
08:30 AM ET Personal Income (MoM) (Jan), 1.0%, 0.2%
08:30 AM ET Personal Spending (MoM) (Jan), 1.3%, -0.2%
08:30 AM ET Real Personal Consumption (MoM) (Jan), -0.3%
10:00 AM ET Michigan 5-Year Inflation Expectations (Feb), 2.90%
10:00 AM ET Michigan Consumer Expectations (Feb), 62.3
10:00 AM ET Michigan Consumer Sentiment (Feb), 66.4, 66.4
10:00 AM ET Michigan Current Conditions (Feb), 72.6
10:00 AM ET Michigan Inflation Expectations (Feb), 4.2%
10:00 AM ET New Home Sales (MoM) (Jan), 2.3%
10:00 AM ET New Home Sales (Jan), 620K, 616K
10:15 AM ET Fed Governor Jefferson Speaks
10:15 AM ET FOMC Member Mester Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 607
13:00 PM ET U.S. Baker Hughes Total Rig Count, 760
14:29 PM ET Dallas Fed PCE (Jan), 2.30%
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