Dow stocks hitting 52-week highs include JPMorgan (JPM) 153.66 (+0.18%) and Microsoft (MSFT) 359.49 (+3.98%)%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +42 points.

Tuesday the Dow closed up +366.58 (+1.06%) at 34,951.93.

Year-to-date the Dow is up +5.44%.

Tuesday, (21) 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 Microsoft (MSFT) 359.49 (+3.98%), UnitedHealth (UNH) 500.00 (+3.29%) and Goldman Sachs (GS) 337.27 (+3.08%).

The Dow stock losers Tuesday were led by Honeywell (HON) 205.25 (-1.40%), Visa (V) 240.77 (-1.32%) and Coca Cola (KO) 60.57 (-0.39%).

The VIX closed Tuesday at 13.30 (-1.34%) and the 10 YR at 3.765 (-0.58%). The VIX is currently at 13.13 (-1.28%). The 10YR is at 3.758 (-0.77%).

The Dow notched a seventh straight positive session on Tuesday for its longest string of gains since March 2021.

Goldman Sachs (GS) stock declined 0.3% after Goldman Sachs missed expectations in its second-quarter earnings. The company posted earnings of $3.08 a share, lower than the forecast of $3.16 per share. Goldman also reported revenue of $10.9 billion, which was more than the expected $10.84 billion.

Housing starts tumbled by 8% in June while building permits fell 3.7% as the industry continues to play catch-up with demand. The total seasonally adjusted starts of 1.44 million were less than the 1.48 million Dow Jones estimate, though the percentage drop was less than the 9.3% forecast from May numbers that were revised sharply downward. Permits were projected to decline 0.7%.

Microsoft (MSFT) shares closed at a record high Tuesday after the tech giant released higher prices for its new artificial intelligence subscription service, called Copilot, for Microsoft 365. The stock is now up 50% for the year.

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

The national average price of gasoline is up six-tenths of a cent at $3.569 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2023 before the market open with $1.00, missing estimates of $1.069 per share.

Nike (NKE) reported earnings on 6/29/2023 after the market close with $0.66, missing estimates of $0.672 per share.

JPMorgan (JPM) reported earnings on 7/14/2023 before the market open with $4.75, beating estimates of $3.615 per share.

UnitedHealth (UNH) reports earnings on 7/14/2023 before the market open with $6.14, beating estimates of $5.921 per share.

Goldman Sachs (GS) reported earnings on 7/19/2023 before the market open with $3.08, missing estimates of $3.16 per share.

IBM (IBM) reports earnings on 7/19/2023 after the market close.

Johnson & Johnson (JNJ) reports earnings on 7/20/2023 before the market open.

Travelers (TRV) reports earnings on 7/20/2023 before the market open.

American Express (AXP) reports earnings on 7/21/2023 before the market open.

Dow (DOW) reports earnings on 7/25/2023 before the market open.

3M (MMM) reports earnings on 7/25/2023 before the market open.

Verizon (VZ) reports earnings on 7/25/2023 before the market open.

Microsoft (MSFT) reports earnings on 7/25/2023 after the market close.

Visa (V) reports earnings on 7/19/2023 after the market close.

Coca Cola (KO) reports earnings on 7/26/2023 before the market open.

Boeing (BA) reports earnings on 7/26/2023 before the market open.

Honeywell (HON) reports earnings on 7/27/2023 before the market open.

McDonald’s (MCD) reports earnings on 7/27/2023 before the market open.

Intel (INTC) reports earnings on 7/27/2023 after the market close.

Chevron (CVX) reports earnings on 7/28/2023 after the market close.

Procter & Gamble (PG) reports earnings on 7/28/2023 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 135.36 (+0.83%) is down -3.93% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.87%, 7.07%
07:00 AM ET MBA Mortgage Applications (WoW), 1.1%, 0.9%
07:00 AM ET MBA Purchase Index, 163.2, 165.3
07:00 AM ET Mortgage Market Index, 210.7, 208.4
07:00 AM ET Mortgage Refinance Index, 446.4, 416.0
08:30 AM ET Building Permits (MoM) (Jun), -3.7%, 5.6%
08:30 AM ET Building Permits (Jun), 1.440M, 1.490M, 1.496M
08:30 AM ET Housing Starts (Jun), 1.434M, 1.480M, 1.559M
08:30 AM ET Housing Starts (MoM) (Jun), -8.0%, 7.2%, 15.7%
10:30 AM ET Crude Oil Inventories, -0.708M, -2.440M, 5.946M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.074M, 0.629M
10:30 AM ET Crude Oil Imports, -0.376M, -1.845M, 0.599M
10:30 AM ET Cushing Crude Oil Inventories, -2.891M, -0.835M, -1.605M
10:30 AM ET Distillate Fuel Production, -0.054M, -0.002M, 0.236M
10:30 AM ET EIA Weekly Distillates Stocks, 0.014M, 0.460M, 4.815M
10:30 AM ET Gasoline Production, -0.584M, 0.034M, -0.158M
10:30 AM ET Heating Oil Stockpiles, 0.223M, -0.108M, 0.439M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.6%, 2.6%
10:30 AM ET Gasoline Inventories, -1.066M, -1.577M, -0.003M
13:00 PM ET 20-Year Bond Auction, 4.036%, 4.010%