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 down -97 points.

Tuesday the Dow closed up +13.11 (+0.04%) at 33,997.65.

Year-to-date the Dow is up +2.57%.

Tuesday, (20) 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 Chevron (CVX) 167.59 (+1.32%), Coca Cola (KO) 54.07 (+1.20%) and Dow (DOW) 50.73 (+1.08%).

The Dow stock losers Tuesday were led by Goldman Sachs (GS) 309.36 (-1.60%), Intel (INTC) 36.06 (-1.37%) and Johnson & Johnson (JNJ) 156.09 (-0.91%).

The VIX closed Tuesday at 17.88 (+3.89%) and the 10 YR at 4.835 (-0.17%). The VIX is currently at 18.53 (+3.64%). The 10YR is at 4.860 (+0.35%).

President Joe Biden visited Israel in a show of solidarity with the Israeli people as the country counters the brutal Hamas terrorist attacks of Oct. 7 that killed 1,400. Biden’s visit came as Israeli and Palestinian officials blamed each other for a blast at a Gaza hospital that killed about 500 people. Speaking in Tel Aviv on Wednesday, Biden suggested that he believed Israel wasn’t responsible for the explosion. The president’s scheduled visit to meet with officials in Jordan was canceled, as anger at the U.S. grew in the region over its support for Israel. So far, about 3,000 are dead in Gaza as the war rages on.

The House of Representatives failed to elect a speaker, yet again, as super conservative Trump ally Rep. Jim Jordan, R-Ohio, flopped in his first attempt to win the gavel. The next vote is expected late Wednesday morning.

Housing starts accelerated in September, though at a slower than expected pace, while building permits fell, but by less than expected, the Commerce Department reported Wednesday. Private owned starts totaled a seasonally adjusted 1.358 million for the month, up 7% from August but below estimates for 1.37 million. Starts were down 7.2% from a year ago. At the same time, permits totaled 1.473 million, 4.4% below the August level but ahead of the forecast for 1.45 million. Permits were off 7.2% from September 2022.

Procter & Gamble (PG) advanced more than 1% in premarket trading after the company posted a better quarterly report than Wall Street expected.

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

The national average price of gasoline is down nine-tenths of a cent at $3.575 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) reported earnings on 10/17/23 before the market open with $5.47, beating estimates of $5.31 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/23 before the market open with $2.66, beating estimates of $2.524 per share.

Travelers (TRV) reports earnings on 10/18/23 before the market open with $1.95, missing estimates of $2.932per share.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open with $1.83, beating estimates of $1.71per share.

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.

IBM (IBM) reports earnings on 10/25/23 after the market close.

Caterpillar (CAT) reports earnings on 10/26/23 before the market open.

Honeywell (HON) reports earnings on 10/26/23 before the market open.

Merck (MRK) reports earnings on 10/26/23 before the market open.

Intel (INTC) reports earnings on 10/26/23 after the market close.

Chevron (CVX) reports earnings on 10/27/23 before the market open.

McDonald’s (MCD) reports earnings on 10/30/23 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 54.07 (+1.20%) is down -15.00% in 2023.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.67%
07:00 AM ET MBA Mortgage Applications (WoW), 0.6%
07:00 AM ET MBA Purchase Index, 137.5
07:00 AM ET Mortgage Market Index, 179.3
07:00 AM ET Mortgage Refinance Index, 385.8
07:00 AM ET Milk Auctions, 3,104.0
08:30 AM ET Building Permits (MoM) (Sep), 6.8%
08:30 AM ET Building Permits (Sep), 1.455M, 1.541M
08:30 AM ET Housing Starts (MoM) (Sep), -11.3%
08:30 AM ET Housing Starts (Sep), 1.380M, 1.283M
10:30 AM ET Crude Oil Inventories, 10.176M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.399M
10:30 AM ET Crude Oil Imports, 2.003M
10:30 AM ET Cushing Crude Oil Inventories, -0.319M
10:30 AM ET Distillate Fuel Production, 0.038M
10:30 AM ET EIA Weekly Distillates Stocks, -1.837M
10:30 AM ET Gasoline Production, 0.858M
10:30 AM ET Heating Oil Stockpiles, -0.433M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -1.6%
10:30 AM ET Gasoline Inventories, -1.313M
12:00 PM ET Fed Waller Speaks
12:30 PM ET FOMC Member Williams Speaks
13:00 PM ET 20-Year Bond Auction, 4.592%
13:00 PM ET FOMC Member Bowman Speaks
14:00 PM ET Beige Book
14:00 PM ET Federal Budget Balance (Sep), -78.6B, 89.3B
15:15 PM ET FOMC Member Harker Speaks
16:00 PM ET US Foreign Buying, T-bonds (Aug), 0.20B
16:00 PM ET Overall Net Capital Flow (Aug), 140.60B
16:00 PM ET TIC Net Long-Term Transactions (Aug), 76.8B, 8.8B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Aug), 8.80B
18:55 PM ET Fed Governor Cook Speaks