DJIA Market Happenings For Wednesday, May 10, 2023 – Apple (AAPL) 171.77 Up +32.20% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 201.18 (+1.66%) and McDonald’s (MCD) 296.66 (-0.01%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +160 points.

Tuesday the Dow closed down -56.88 (-0.17%) at 33,561.81.

Year-to-date the Dow is up +1.25%.

Tuesday, (9) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Tuesday were led by Boeing (BA) 201.88 (+2.34%), Salesforce (CRM) 201.18 (+1.66%) and Home Depot (HD) 290.58 (+0.92%).

The Dow stock losers Tuesday were led by Intel (INTC) 30.10 (-2.18%), 3M (MMM) 100.80 (-1.50%) and Nike (NKE) 125.10 (-1.40%).

The VIX closed Tuesday at 16.38 (+4.30%) and the 10 YR at 3.495 (-0.40%). The VIX is currently at 16.39 (-7.45%). The 10YR is at 3.458 (-1.45%).

April consumer prices increased 4.9% from a year ago, which was less than the 5% annual increase expected by economists. Month-over-month inflation matched expectations with a 0.4% increase in April.

President Joe Biden held a key meeting with congressional leaders after the bell Tuesday, but comments from leadership on both sides of the aisle suggested that little progress was made.

Disney (DIS) is set to report earnings after the closing bell.

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

The national average price of gasoline is up five-tenths of a cent at $3.531 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 4/14/23 before the market open with $4.10, beating estimates of $3.414 per share.

UnitedHealth (UNH) reported earnings on 4/14/23 before the market open with $6.26, beating estimates of $6.238 per share.

Goldman Sachs (GS) reported earnings on 4/18/23 before the market open with $8.79, beating estimates of $8.10 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/23 before the market open with $2.68, beating estimates of $2.506 per share.

Travelers (TRV) reported earnings on 4/19/23 before the market open with $4.11, beating estimates of $3.636 per share.

IBM (IBM) reported earnings on 4/19/23 after the market close with $1.36, beating estimates of $1.273 per share.

American Express (AXP) reported earnings on 4/20/23 before the market open with $2.40, missing estimates of $2.603 per share.

Procter & Gamble (PG) reported earnings on 4/21/23 before the market open with $1.37, beating estimates of $1.317per share.

Coca Cola (KO) reported earnings on 4/24/23 before the market open with $0.68, beating estimates of $0.647 per share.

3M (MMM) reported earnings on 4/25/23 before the market open with $1.97, beating estimates of $1.602per share.

Dow (DOW) reports earnings on 4/25/23 before the market open with $0.58, beating estimates of $0.369 per share.

Verizon (VZ) reports earnings on 4/25/23 before the market open with $1.20, beating estimates of $1.192 per share.

Microsoft (MSFT) reported earnings on 4/25/23 after the market close with $2.45, beating estimates of $2.216 per share.

Visa (V) reported earnings on 4/25/23 after the market close with $2.09, beating estimates of $1.969per share.

McDonald’s (MCD) reported earnings on 4/25/23 before the market open with $2.45, beating estimates of $2.307 per share.

Boeing (BA) reported earnings on 4/26/23 before the market open with -$1.27, beating estimates of $0.981 per share.

Caterpillar (CAT) reported earnings on 4/27/23 before the market open with $4.91, beating estimates of $3.786 per share.

Merck (MRK) reported earnings on 4/27/23 before the market open with $1.40, beating estimates of $1.341 per share.

Honeywell (HON) reported earnings on 4/27/23 before the market open with $2.07, beating estimates of $1.927 per share.

Amgen (AMGN) reported earnings on 4/27/23 after the market close with $3.98, beating estimates of $3.838 per share.

Intel (INTC) reported earnings on 4/27/23 after the market close with -$0.04, beating estimates of -$0.157 per share.

Chevron (CVX) reported earnings on 4/28/23 before the market open with $3.55, beating estimates of $3.362 per share.

Apple (AAPL) reported earnings on 5/4/23 after the market close with $1.52, beating estimates of $1.438 per share.

Disney (DIS) reports earnings on 5/10/23 after the market close.

Home Depot (HD) reports earnings on 5/16/23 before the market open.

Cisco (CSCO) reports earnings on 5/17/23 after the market close.

Walmart (WMT) reports earnings on 5/18/23 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 171.77 (-1.00%) is up +32.20% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.50%
07:00 AM ET MBA Mortgage Applications (WoW), -1.2%
07:00 AM ET MBA Purchase Index, 165.8
07:00 AM ET Mortgage Market Index, 214.4
07:00 AM ET Mortgage Refinance Index, 461.2
08:30 AM ET Core CPI (MoM) (Apr), 0.4%, 0.4%
08:30 AM ET Core CPI (YoY) (Apr), 5.5%, 5.6%
08:30 AM ET Core CPI Index (Apr), 306.21, 305.24
08:30 AM ET CPI (YoY) (Apr), 5.0%, 5.0%
08:30 AM ET CPI (MoM) (Apr), 0.4%, 0.1%
08:30 AM ET CPI Index, n.s.a. (Apr), 303.53, 301.84
08:30 AM ET CPI Index, s.a (Apr), 303.28, 301.81
08:30 AM ET CPI, n.s.a (MoM) (Apr), 0.33%
08:30 AM ET Real Earnings (MoM) (Apr), 0.0%, -0.1%
08:55 AM ET Redbook (YoY), 1.3%
10:30 AM ET Crude Oil Inventories, -0.917M, -1.280M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.098M
10:30 AM ET Crude Oil Imports, 0.102M
10:30 AM ET Cushing Crude Oil Inventories, 0.862M, 0.541M
10:30 AM ET Distillate Fuel Production, 0.022M, -0.093M
10:30 AM ET EIA Weekly Distillates Stocks, -0.808M, -1.191M
10:30 AM ET Gasoline Production, 0.120M, -0.638M
10:30 AM ET Heating Oil Stockpiles, 0.084M, 0.648M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.7%, -0.6%
10:30 AM ET Gasoline Inventories, -1.233M, 1.743M
11:00 AM ET Cleveland CPI (MoM) (Apr), 0.6%, 0.4%
12:00 PM ET Thomson Reuters IPSOS PCSI (May), 50.70
13:00 PM ET 10-Year Note Auction, 3.455%
14:00 PM ET Federal Budget Balance (Apr), 235.0B, -378.0B

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