There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 107.16 (+0.07%).

The Market

Premarket today, the Dow was indicated to open up +82 points.

Wednesday the Dow closed down -58.06 (-0.18%) at 32,798.40.

Year-to-date the Dow is down -1.05%.

Wednesday, (13) Dow stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Intel (INTC) 25.98 (+1.76%), Caterpillar (CAT) 248.72 (+1.05%) and Home Depot (HD) 291.49 (+1.00%).

The Dow stock losers Tuesday were led by Merck (MRK) 108.28 (-2.69%), Travelers (TRV) 177.77 (-1.44%) and Verizon (VZ) 37.53 (-1.00%).

The VIX closed Wednesday at 19.11 (-2.45%). The VIX is currently at 19.19 (+0.42%).

Private payrolls in February increased by 242,000 versus the estimate for 205,000 and above the 119,000 in January, ADP reported Wednesday. The ADP report comes two days before the government’s nonfarm payrolls count, which is expected to show a gain of 225,000. Wage growth decelerated slightly, with those remaining in their jobs seeing a 7.2% annual increase, down 0.1 percentage point from a month ago. Job changers saw growth of 14.3%, compared with 14.9% in January. Friday we get the Jobs Report.

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

The national average price of gasoline is up 2.1 cents at $3.467 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 3/21/23 after the market close.

Walgreens (WBA) reports earnings on 3/28/23 before the market open.

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 34.48 (+1.00%) is down -7.71% in 2023.

Financial Calendar

07:30 AM ET Challenger Job Cuts (Feb), 102.943K
07:30 AM ET Challenger Job Cuts (YoY), 440.0%
08:30 AM ET Continuing Jobless Claims, 1,659K, 1,655K
08:30 AM ET Initial Jobless Claims, 195K, 190K
08:30 AM ET Jobless Claims 4-Week Avg., 193.00K
10:00 AM ET Fed Vice Chair for Supervision Barr Speaks
10:30 AM ET Natural Gas Storage, -80B, -81B
11:30 AM ET 4-Week Bill Auction, 4.590%
11:30 AM ET 8-Week Bill Auction, 4.655%
13:00 PM ET 30-Year Bond Auction, 3.686%