There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 85.60 (-1.10%) and Travelers (TRV) 159.19 (-1.49%).

The Market

Premarket today, the Dow was indicated to be up +158 points.

Monday the Dow closed down -190.87 (-0.58%) at 32,936.41.

Year-to-date the Dow is down -0.64%.

Monday, (10) Dow stocks were up, (2) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Walgreens (WBA) 21.96 (+3.29%), American Express (AXP) 144.59 (+2.13%) and Walmart (WMT) 161.01 (+1.42%).

The Dow stock losers Monday were led by Chevron (CVX) 160.68 (-3.69%), Intel (INTC) 33.85 (-3.06%) and Amgen (AMGN) 273.06 (-2.06%).

The VIX closed Monday at 20.37 (-6.17%) and the 10 YR at 4.845 (+0.23%). The VIX is currently at 19.67 (-3.34%). The 10YR is at 4.844 (+0.21%).

Coca-Cola (KO) reported earnings and revenue that topped estimate, sending the stock up more than 1%. Coca-Cola reported adjusted third-quarter earnings of 74 cents per share on revenue of $11.91 billion. Analysts expected a profit of 69 cents per share on revenue of $11.44 billion. The company also raised its outlook, as volume grows despite higher prices.

3M (MMM) stock rose 4% after the conglomerate raised its full-year adjusted profit forecast as it looks to benefit from cost-cutting measures and price hikes.

Verizon (VZ) stock rose 3.7% after the telecoms giant raised its annual free cash flow forecast as promotions and its high-speed 5G network helped it attract more subscribers than expected in the third quarter.

Dow (DOW) stock rose 2.5% after the chemicals company beat expectations for third-quarter profit, benefiting from higher prices for its products used in making goods ranging from plastics and paints to building materials.

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

The national average price of gasoline is down four-tenths of a cent at $3.545 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 $2.932 per 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) reported earnings on 10/20/23 before the market open with $3.30, missing estimates of $2.961 per share.

3M (MMM) reported earnings on 10/24/23 before the market open with $2.68, beating estimates of $2.335 per share.

Coca Cola (KO) reported earnings on 10/24/23 before the market open with $0.74, beating estimates of $0.687 per share.

Dow (DOW) reported earnings on 10/24/23 before the market open with $0.48, beating estimates of $0.435 per share.

Verizon (VZ) reported earnings on 10/24/23 before the market open with $1.22, beating estimates of $1.174 per share.

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

Microsoft (MSFT)

Microsoft (MSFT) 329.32 (+0.81%) is up +37.32% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 4.6%
09:45 AM ET S&P Global US Manufacturing PMI (Oct), 49.5, 49.8
09:45 AM ET S&P Global Composite PMI (Oct), 50.2
09:45 AM ET S&P Global Services PMI (Oct), 49.9, 50.1
10:00 AM ET Richmond Manufacturing Index (Oct), 3, 5
10:00 AM ET Richmond Manufacturing Shipments (Oct), 7
10:00 AM ET Richmond Services Index (Oct), 4
13:00 PM ET 2-Year Note Auction, 5.085%
16:30 PM ET API Weekly Crude Oil Stock, -4.383M