There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Johnson & Johnson (JNJ) 155.26 (-1.52%).

The Market

Premarket today, the Dow was indicated to open down -87 points.

Tuesday the Dow closed down -232.39 (-0.71%) at 32,656.70.

Year-to-date the Dow is down -1.48%.

Tuesday, (11) Dow stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Tuesday were led by JPMorgan (JPM) 143.35 (+0.84%), Boeing (BA) 201.55 (+0.54%) and Walmart (WMT) 142.13 (+0.49%).

The Dow stock losers Tuesday were led by Goldman Sachs (GS) 351.65 (-3.80%), Merck (MRK) 106.24 (-2.85%) and UnitedHealth (UNH) 475.94 (-1.53%).

The VIX closed Tuesday at 20.70 (-1.19%). The 10 YR is currently at 3.913 (+0.05%) and VIX is at 20.77 (+0.34%).

Futures turned negative as bond yields extended their gains. The 1-year yield rose above 5%. On Tuesday the benchmark 10-year yield reached its highest level since November.

In February, the Dow led the averages down, closing the month down 4.19%.

Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than the same week one year ago and is now sitting at a 28-year low. Mortgage rates have moved 50 basis points higher in just the past month. Last February, rates were in the 4% range.

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

The national average price of gasoline is up two-tenths of a cent at $3.359 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

Nike (NKE)

Nike (NKE) 118.79 (+0.22%) is up +1.52% in 2023.

Financial Calendar

07:00 AM ET MBA Mortgage Applications (WoW), -13.3%
07:00 AM ET MBA Purchase Index, 147.1
07:00 AM ET Mortgage Market Index, 199.8
07:00 AM ET Mortgage Refinance Index, 469.9
08:55 AM ET Redbook (YoY), 5.3%
09:45 AM ET Manufacturing PMI (Feb), 47.8, 46.9
10:00 AM ET Construction Spending (MoM) (Jan), 0.2%, -0.4%
10:00 AM ET Cushing Crude Oil Inventories, 0.700M
10:00 AM ET Distillate Fuel Production, 0.191M
10:00 AM ET EIA Weekly Distillates Stocks, -0.462M, 2.698M
10:00 AM ET Gasoline Inventories, 0.464M, -1.856M
10:00 AM ET ISM Manufacturing Employment (Feb), 50.6
10:00 AM ET ISM Manufacturing New Orders Index (Feb), 42.5
10:00 AM ET ISM Manufacturing PMI (Feb), 48.0, 47.4
10:00 AM ET ISM Manufacturing Prices (Feb), 45.1, 44.5
10:30 AM ET Crude Oil Inventories, 0.457M, 7.648M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.017M
10:30 AM ET Crude Oil Imports, -1.357M
10:30 AM ET Cushing Crude Oil Inventories, 0.700M
10:30 AM ET Distillate Fuel Production, 0.191M
10:30 AM ET Gasoline Production, 0.339M
10:30 AM ET Heating Oil Stockpiles , 0.597M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.4%, -0.6%