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 +120 points.

Thursday the Dow closed down -173.73 (-0.51%) at 33,631.14.

Year-to-date the Dow is up +1.46%.

Thursday, (12) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Walgreens (WBA) 24.19 (+7.04%), Nike (NKE) 99.25 (+0.61%) and Amgen (AMGN) 285.04 (+0.51%).

The Dow stock losers Thursday were led by Boeing (BA) 191.30 (-2.43%), McDonald’s (MCD) 246.19 (-1.89%) and Honeywell (HON) 183.94 (-1.85%).

The VIX closed Thursday at 16.69 (+3.73%) and the 10 YR at 4.672 (-0.72%). The VIX is currently at 17.01 (+1.92%). The 10YR is at 4.590 (-2.46%).

Yesterday, a fresh read from the Labor Department showed the consumer price index up 0.4% on the month and 3.7% on the year, slightly higher than Wall Street expectations, and sent major stock indexes lower.

As violence in Israel stretches to nearly a week, the Israeli military has instructed civilians in Gaza City to evacuate, fueling concerns over the possibility of an Israeli ground incursion into the territory. The Israeli Defense Forces haven’t confirmed such plans but have gradually amassed troops at the border and have given the roughly 1.1 million residents of north Gaza about 24 hours, or before midnight local time, to leave the area, according to the United Nations. Hamas has rejected the calls for evacuation. As of Friday morning, almost 2,900 people have been killed so far in Israel, Gaza and the West Bank.

JPMorgan Chase reported third-quarter revenue of $40.69 billion, more than the LSEG analyst consensus of $39.63 billion. The bank said earnings per share for the period was $4.33, but it was not immediately clear whether that could be compared to the $3.96 consensus estimate. It did appear to be a beat, but not clear by how much. Overall, net income was up 24% for the quarter and net revenue was up 15% excluding items related to the First Republic takeover. Higher rates helped the bank more than expected with interest income topping expectations.

UnitedHealth shares were up 1.6% after the health insurance giant posted earnings of $6.56 per share for the third quarter, exceeding an LSEG estimate of $6.32 per share. Revenue of $92.4 billion was also above expectations. Revenue from premiums and services topped analyst expectations. The company also raised its full-year earnings per share guidance.

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

The national average price of gasoline is down 1.8 cents at $3.628 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) reported earnings on 10/12/23 before the market open with $0.67, beating estimates of $0.682.

JPMorgan (JPM) reported earnings on 10/13/23 before the market open with $4.33, beating estimates of $3.96 per share.

UnitedHealth (UNH) reported earnings on 10/13/23 before the market open with $6.56, beating estimates of $6.327 per share.

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.

3M (MMM) reports earnings on 10/24/23 before the market open.

Coca Cola (KO) reports earnings on 10/24/23 before the market open.

Dow (DOW) reports earnings on 10/24/23 before the market open.

Verizon (VZ) reports earnings on 10/24/23 before the market open.

Microsoft (MSFT) reports earnings on 10/24/23 after the market close.

Visa (v) reports earnings on 10/24/23 after the market close.

Boeing (BA) reports earnings on 10/25/23 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 36.84 (-0.11%) is up +39.39% in 2023.

Financial Calendar

08:30 AM ET Export Price Index (YoY), -5.5%
08:30 AM ET Export Price Index (MoM) (Sep), 0.5%, 1.3%
08:30 AM ET Import Price Index (YoY), -3.0%
08:30 AM ET Import Price Index (MoM) (Sep), 0.5%, 0.5%
09:00 AM ET FOMC Member Harker Speaks
10:00 AM ET Michigan 1-Year Inflation Expectations (Oct), 3.2%
10:00 AM ET Michigan 5-Year Inflation Expectations (Oct), 2.8%
10:00 AM ET Michigan Consumer Expectations (Oct), 65.5, 66.0
10:00 AM ET Michigan Consumer Sentiment (Oct), 67.4, 68.1
10:00 AM ET Michigan Current Conditions (Oct), 70.4, 71.4
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 497
13:00 PM ET Federal Budget Balance (Sep), -78.6B, 89.3B
13:00 PM ET U.S. Baker Hughes Total Rig Count, 619
16:30 PM ET CFTC Aluminium speculative net positions, 5.8K
16:30 PM ET CFTC Copper speculative net positions, -21.9K
16:30 PM ET CFTC Corn speculative net positions, -107.5K
16:30 PM ET CFTC Crude Oil speculative net positions, 349.6K
16:30 PM ET CFTC Gold speculative net positions, 91.2K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 1.4K
16:30 PM ET CFTC Natural Gas speculative net positions, -79.2K
16:30 PM ET CFTC S&P 500 speculative net positions, -73.2K
16:30 PM ET CFTC Silver speculative net positions, 15.3K
16:30 PM ET CFTC Soybeans speculative net positions, 22.5K
16:30 PM ET CFTC Wheat speculative net positions, -61.3K