Dow stocks hitting 52-week highs include Boeing (BA) 238.01 (-0.35%) and Caterpillar (CAT) 288.65 (+8.85%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -193 points.

Tuesday the Dow closed up +71.15 (+0.20%) at 35,630.68.

Year-to-date the Dow is up +7.49%.

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 Caterpillar (CAT) 288.65 (+8.85%), Cisco (CSCO) 52.66 (+1.19%) and Visa (V) 239.78 (+0.86%).

The Dow stock losers Tuesday were led by Verizon (VZ) 33.43 (-1.91%), Walgreens (WBA) 29.57 (-1.33%) and Merck (MRK) 105.28 (-1.28%).

The VIX closed Tuesday at 13.93 (+2.20%) and the 10 YR at 4.008 (-0.35%). The VIX is currently at 15.39 (+10.48%). The 10YR is at 4.049 (+0.70%).

Payroll processing firm ADP reported Wednesday that job gains for the month came to 324,000, driven by a 201,000 jump in hotels, restaurants, bars and affiliated businesses. That total was well above the consensus estimate of 175,000 but marked a decrease from the downwardly revised 455,000 in June.

Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, citing an erosion of governance and expected fiscal deterioration over the next three years.

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

The national average price of gasoline is up 2.3 cents at $3.803 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 $3.245 per share.

IBM (IBM) reported earnings on 7/19/2023 after the market close with $2.18, beating estimates of $2.002 per share.

Johnson & Johnson (JNJ) reported earnings on 7/20/2023 before the market open with $2.80, beating estimates of $2.614 per share.

Travelers (TRV) reported earnings on 7/20/2023 before the market open with $0.06, missing estimates of $2.273 per share.

American Express (AXP) reports earnings on 7/21/2023 before the market open with $2.88, beating estimates of $2.801 per share.

Dow (DOW) reported earnings on 7/25/2023 before the market open with $0.68, missing estimates of $0.699 per share.

3M (MMM) reported earnings on 7/25/2023 before the market open with $2.17, beating estimates of $1.648 per share.

Verizon (VZ) reported earnings on 7/25/2023 before the market open with $1.21, beating estimates of $1.17 per share.

Microsoft (MSFT) reported earnings on 7/25/2023 after the market close with $2.69, beating estimates of $2.544per share.

Visa (V) reported earnings on 7/25/2023 after the market close with $2.16, beating estimates of $2.109 per share.

Coca Cola (KO) reported earnings on 7/26/2023 before the market open with $0.78, beating estimates of $0.716 per share.

Boeing (BA) reported earnings on 7/26/2023 before the market open with $-0.82, beating estimates of $-0.986 per share.

Honeywell (HON) reported earnings on 7/27/2023 before the market open with $2.23, beating estimates of $2.201 per share.

McDonald’s (MCD) reported earnings on 7/27/2023 before the market open with $3.17, beating estimates of $2.772 per share.

Intel (INTC) reported earnings on 7/27/2023 after the market close with $0.13, beating estimates of $-0.189 per share.

Chevron (CVX) reports earnings on 7/28/2023 after the market close with $3.08, beating estimates of $2.95 per share.

Procter & Gamble (PG) reports earnings on 7/28/2023 after the market close with $1.37, beating estimates of $1.321 per share.

Caterpillar (CAT) reported earnings on 8/1/2023 before the market open with $5.55, beating estimates of $4.513 per share.

Merck (MRK) reported earnings on 8/1/2023 before the market open with $-2.06, beating estimates of $-2.165 per share.

Amgen (AMGN) reports earnings on 8/3/2023 after the market close.

Apple (AAPL) reports earnings on 8/3/2023 after the market close.

Disney (DIS) reports earnings on 8/9/2023 after the market close.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 156.25 (-0.03%) is up +3.09% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.87%
07:00 AM ET MBA Mortgage Applications (WoW), -1.8%
07:00 AM ET MBA Purchase Index, 159.2
07:00 AM ET Mortgage Market Index, 206.9
07:00 AM ET Mortgage Refinance Index, 444.5
08:15 AM ET ADP Nonfarm Employment Change (Jul), 189K, 497K
10:30 AM ET Crude Oil Inventories, -1.367M, -0.600M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.107M
10:30 AM ET Crude Oil Imports, 0.908M, -1.584M
10:30 AM ET Cushing Crude Oil Inventories, -2.494M, -2.609M
10:30 AM ET Distillate Fuel Production, -0.005M, -0.251M
10:30 AM ET EIA Weekly Distillates Stocks, 0.112M, -0.245M
10:30 AM ET Gasoline Production, -0.049M, -0.035M
10:30 AM ET Heating Oil Stockpiles, 0.082M, -1.002M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.9%
10:30 AM ET Gasoline Inventories, -1.300M, -0.786M