There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +84 points.

Tuesday the Dow closed up +134.65 (+0.40%) at 33,739.30.

Year-to-date the Dow is up +1.79%.

Tuesday, (18) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Tuesday were led by Boeing (BA) 193.53 (+2.67%), Coca Cola (KO) 54.03 (+2.17%) and 3M (MMM) 90.64 (+1.79%).

The Dow stock losers Tuesday were led by Merck (MRK) 103.61 (-0.85%), Travelers (TRV) 162.23 (-0.63%) and Microsoft (MSFT) 328.39 (-0.43%).

The VIX closed Tuesday at 17.73 (-3.79%) and the 10 YR at 4.654 (+0.26%). The VIX is currently at 16.71 (-1.88%). The 10YR is at 4.583 (-1.44%).

The producer price index rose 0.5% for September, coming out higher than the estimate for a 0.3% rise. While slightly higher than what economists’ expected, the September figure still represented a slowing from the 0.7% producer prices increase in the prior month.

Who will succeed Rep. Kevin McCarthy, R-Calif., as speaker of the House, after he became the first person in American history to be booted from the office? It’s not even clear to Republicans, who will vote on the matter Wednesday morning. Two firmly conservative candidates, Steve Scalise of Louisiana and Jim Jordan of Ohio, are vying for the position. Jordan, the chairman of the House Judiciary Committee, has former President Donald Trump’s endorsement, while Scalise, the majority leader, has more leadership experience and a wide array of influential supporters in the House. The vote comes as the government weighs what to do next with Ukraine aid and the growing crisis in Israel and the Gaza Strip, as well as a new shutdown deadline next month. McCarthy, for his part, asked members not to re-nominate him for speaker.

Today the Federal Reserve will release the minutes from its latest policy-setting meeting.

Israeli troops are gathering at the border with the Gaza Strip, a government official said, as the nation’s military prepares for a potential invasion of the Palestinian territory. “And that is to make sure that Hamas, at the end of this war, won’t have military capabilities by which they can threaten or kill Israeli civilians. That is our military aim,” said an Israeli Defense Forces spokesman. Israel has called up 300,000 reservists as it responds to a shocking and brutal sneak attack by Hamas terrorists who killed slaughtered hundreds of civilians and took dozens hostage.

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

The national average price of gasoline is down 1.9 cents at $3.663 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.

Goldman Sachs (GS) reports earnings on 10/17/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 10/17/23 before the market open.

Travelers (TRV) reports earnings on 10/18/23 before the market open.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open.

American Express (AXP) reports earnings on 10/20/23 before the market open.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 186.34 (-0.10%) is down -13.05% in 2023.

Financial Calendar

04:15 AM ET FOMC Member Bowman Speaks
06:00 AM ET IMF Meetings
07:00 AM ET MBA 30-Year Mortgage Rate, 7.53%
07:00 AM ET MBA Mortgage Applications (WoW), -6.0%
07:00 AM ET MBA Purchase Index, 136.6
07:00 AM ET Mortgage Market Index, 178.2
07:00 AM ET Mortgage Refinance Index, 384.6
08:30 AM ET Core PPI (MoM) (Sep), 0.2%, 0.2%
08:30 AM ET Core PPI (YoY) (Sep), 2.3%, 2.2%
08:30 AM ET PPI (MoM) (Sep), 0.3%, 0.7%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Sep), 3.0%
08:30 AM ET PPI (YoY) (Sep), 1.6%, 1.6%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Sep), 0.3%
10:15 AM ET Fed Waller Speaks
11:00 AM ET Thomson Reuters IPSOS PCSI (Oct), 52.02
12:00 PM ET EIA Short-Term Energy Outlook
12:15 PM ET FOMC Member Bostic Speaks
13:00 PM ET 10-Year Note Auction, 4.289%
14:00 PM ET FOMC Meeting Minutes
16:30 PM ET API Weekly Crude Oil Stock, -4.210M