Dow stocks hitting 52-week highs include Intel (INTC) 38.86 (+0.70%) and Walmart (WMT) 164.52 (+0.11%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -29 points.

Tuesday the Dow closed down -17.73 (-0.05%) at 34,645.99.

Year-to-date the Dow is up +4.52%.

Tuesday, (19) Dow stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) 330.90 (+1.93%), Chevron (CVX) 166.81 (+1.86%) and Honeywell (HON) 189.21 (+1.61%).

The Dow stock losers Tuesday were led by Microsoft (MSFT) 331.77 (-1.83%), Procter & Gamble (PG) 152.03 (-1.76%) and Apple (AAPL) 176.30 (-1.71%).

The VIX closed Tuesday at 14.23 (+3.12%) and the 10 YR at 4.282 (+0.49%). The VIX is currently at 14.16 (-0.49%). The 10YR is at 4.289 (+0.66%).

The consumer price index, which measures costs across a broad variety of goods and services, rose a seasonally adjusted 0.6% for the month, and was up 3.7% from a year ago, the U.S. Department of Labor reported Wednesday. Economists were looking for respective increases of 0.6% and 3.6%. However, excluding volatile food and energy, core CPI increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%. Federal Reserve officials focus more on core as it provides a better indication of where inflation is heading over the long term.

Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $726,200 or less, increased to 7.27% from 7.21%, with points increasing to 0.72 from 0.69, including the origination fee, for loans with a 20% down payment.

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

The national average price of gasoline is up 1.2 cents at $3.848 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 96.30 (-0.51%) is down -17.70% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.21%
07:00 AM ET MBA Mortgage Applications (WoW), -2.9%
07:00 AM ET MBA Purchase Index, 141.9
07:00 AM ET Mortgage Market Index, 183.6
07:00 AM ET Mortgage Refinance Index, 388.1
08:30 AM ET Core CPI (MoM) (Aug), 0.2%, 0.2%
08:30 AM ET Core CPI (YoY) (Aug), 4.3%, 4.7%
08:30 AM ET Core CPI Index (Aug), 308.80
08:30 AM ET CPI (YoY) (Aug), 3.6%, 3.2%
08:30 AM ET CPI (MoM) (Aug), 0.6%, 0.2%
08:30 AM ET CPI Index, n.s.a. (Aug), 306.98, 305.69
08:30 AM ET CPI Index, s.a (Aug), 304.35
08:30 AM ET CPI, n.s.a (MoM) (Aug), 0.19%
08:30 AM ET Real Earnings (MoM) (Aug), 0.6%
10:30 AM ET Crude Oil Inventories, -1.912M, -6.307M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.020M
10:30 AM ET Crude Oil Imports, -0.251M
10:30 AM ET Cushing Crude Oil Inventories, -1.750M
10:30 AM ET Distillate Fuel Production, -0.006M
10:30 AM ET EIA Weekly Distillates Stocks, 1.303M, 0.679M
10:30 AM ET Gasoline Production, -0.217M
10:30 AM ET Heating Oil Stockpiles, -0.048M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.2%
10:30 AM ET Gasoline Inventories, 0.237M, -2.666M
11:00 AM ET Cleveland CPI (MoM) (Aug), 0.2%
11:00 AM ET Thomson Reuters IPSOS PCSI (Sep), 52.24
13:00 AM ET 30-Year Bond Auction, 4.189%
14:00 AM ET Federal Budget Balance, -240.0B, -221.0B