There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 88.79 (-1.59%).

The Market

Premarket today, the Dow was indicated to be up +91 points.

Tuesday the Dow closed down -430.97 (-1.29%) at 33,002.38.

Year-to-date the Dow is down -0.44%.

Tuesday, (8) Dow stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Tuesday were led by Verizon (VZ) 31.98 (+0.69%), Intel (INTC) 35.69 (+0.65%) and Boeing (BA) 188.92 (+0.58%).

The Dow stock losers Tuesday were led by Goldman Sachs (GS) 306.12 (-3.89%), American Express (AXP) 145.05 (-2.96%) and Home Depot (HD) 291.94 (-2.63%).

The VIX closed Tuesday at 19.78 (+12.32%) and the 10 YR at 4.788 (+2.42%). The VIX is currently at 19.58 (-1.01%). The 10YR is at 4.754 (-0.80%).

ADP said Wednesday 89,000 private payrolls were added last month. That’s well below a forecast of 160,000 and fewer than an upwardly revised 180,000 payroll additions from August.

Yesterdays JOLTS data indicated the labor market is still strong and bond yields marched higher. The Dow lost 1.3%, notching its worst session since March.

Intel (INTC) shares popped 2.5% after the chipmaker announced it would be operating its programmable chip unit as a standalone business complete. Intel plans to conduct an initial public offering for the unit within the next two to three years.

Apple (AAPL) shed 0.9% after KeyBanc cut its rating on Apple to sector weight from overweight late Tuesday, citing shares’ high valuation and an expectation for soft growth in the United States.

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

The national average price of gasoline is down 1.3 cents at $3.785 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/28/23 after the market close with $0.94, beating estimates of $0.739 per share.

Walgreens (WBA) reports earnings on 10/12/23 before the market open.

JPMorgan (JPM) reports earnings on 10/13/23 before the market open.

UnitedHealth (UNH) reports earnings on 10/13/23 before the market open.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 166.93 (+0.23%) is down -7.00% in 2023.

Financial Calendar

06:00 AM ET OPEC Meeting
07:00 AM ET MBA 30-Year Mortgage Rate, 7.41%
07:00 AM ET MBA Mortgage Applications (WoW), -1.3%
07:00 AM ET MBA Purchase Index, 144.8
07:00 AM ET Mortgage Market Index, 189.6
07:00 AM ET Mortgage Refinance Index, 411.7
08:15 AM ET ADP Nonfarm Employment Change (Sep), 160K, 177K
09:45 AM ET S&P Global Composite PMI (Sep), 50.1, 50.2
09:45 AM ET S&P Global Services PMI (Sep), 50.2, 50.5
10:00 AM ET Durables Excluding Defense (MoM) (Aug), -0.7%
10:00 AM ET Durables Excluding Transport (MoM) (Aug), 0.4%
10:00 AM ET Factory Orders (MoM) (Aug), 0.3%, -2.1%
10:00 AM ET Factory orders ex transportation (MoM) (Aug), 0.8%
10:00 AM ET ISM Non-Manufacturing Business Activity (Sep), 57.3
10:00 AM ET ISM Non-Manufacturing Employment (Sep), 54.7
10:00 AM ET ISM Non-Manufacturing New Orders (Sep), 57.5
10:00 AM ET ISM Non-Manufacturing PMI (Sep), 53.6, 54.5
10:00 AM ET ISM Non-Manufacturing Prices (Sep), 58.9
10:25 AM ET FOMC Member Bowman Speaks
10:30 AM ET Crude Oil Inventories, -2.170M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.239M
10:30 AM ET Crude Oil Imports, 1.767M
10:30 AM ET Cushing Crude Oil Inventories, -0.943M
10:30 AM ET Distillate Fuel Production, 0.150M
10:30 AM ET EIA Weekly Distillates Stocks, 0.398M
10:30 AM ET Gasoline Production, -0.572M
10:30 AM ET Heating Oil Stockpiles, 0.517M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -2.4%
10:30 AM ET Fed Goolsbee Speaks
10:30 AM ET Gasoline Inventories, 1.027M