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 -33 points.

Monday the Dow closed down -366.71 (-1.12%) at 32,417.59.

Year-to-date the Dow is down -0.66%.

Monday, (8) Dow stocks were up, (4) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Nike (NKE) 101.80 (+3.90%), Goldman Sachs (GS) 300.83 (+3.77%), Verizon (VZ) 34.62 (+3.53%) and Travelers (TRV) 165.51 (+3.01%).

The Dow stock losers Monday were led by Walgreens (WBA) 21.10 (-0.19%) and Merck (MRK) 102.68 (-0.14%).

The VIX closed Monday at 19.75 (-7.15%) and the 10 YR at 4.864 (+0.08%). The VIX is currently at 19.47 (-1.42%). The 10YR is at 4.846 (-0.29%).

The FOMC meeting starts today and ends tomorrow with a rate decision.

Compensation costs for U.S. nongovernment workers rose at a slightly faster than expected pace in the third quarter, the Labor Department reported Tuesday. The employment cost index, which the Federal Reserve watches closely as an inflation barometer, increased 1.1% for the July-through-September period, 0.1 percentage point more estimates. That also was a slightly faster pace than the previous quarter and took the year-over-year increase to 4.3%. During the same period in 2022, compensation costs accelerated at a 5% pace. The annual increase was 4.5% for the second quarter of 2023.

Caterpillar (CAT) are down nearly 10% in the premarket after the industrial giant reported better-than-expected results for the third quarter. The company earned $5.52 per share, excluding items, on $16.8 billion in revenue. Analysts expected a profit of $4.79 per share on revenue of $16.59 billion. Caterpillar’s construction industries and energy and transportation segments saw double-digit sales growth from the year-earlier period.

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

The national average price of gasoline is down 1.6 cents at $3.478 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) reported earnings on 10/24/23 after the market close with $2.99, beating estimates of $2.65 per share.

Visa (v) reported earnings on 10/24/23 after the market close with $2.33, beating estimates of $2.233 per share.

Boeing (BA) reported earnings on 10/25/23 before the market open with -$3.26, missing estimates of -$3.205 per share.

IBM (IBM) reported earnings on 10/25/23 after the market close with $2.20, beating estimates of $2.12 per share.

Honeywell (HON) reported earnings on 10/26/23 before the market open with $2.27, beating estimates of $2.224 per share.

Merck (MRK) reported earnings on 10/26/23 before the market open with $2.13, beating estimates of $1.942 per share.

Intel (INTC) reported earnings on 10/26/23 after the market close with $0.41, beating estimates of $0.034per share.

Chevron (CVX) reported earnings on 10/27/23 before the market open with $3.05, missing estimates of $3.678 per share.

McDonald’s (MCD) reported earnings on 10/30/23 before the market open with $3.17, beating estimates of $3.003 per share.

Amgen (AMGN) reported earnings on 10/31/23 before the market open with $4.96, beating estimates of $4.655 per share.

Caterpillar (CAT) reported earnings on 10/31/23 before the market open with $5.52, beating estimates of $4.753 per share.

Apple (AAPL) reports earnings on 11/2/23 after the market close.

Disney (DIS)) reports earnings on 11/8/23 after the market close.

Today’s Featured Dow Stock

Visa (V))

Visa (V) 233.08 (+1.66%) is up +12.19% in 2023.

Financial Calendar

08:30 AM ET Employment Benefits (QoQ) (Q3), 0.90%
08:30 AM ET Employment Cost Index (QoQ) (Q3), 1.0%, 1.0%
08:30 AM ET Employment Wages (QoQ) (Q3), 1.00%
08:55 AM ET Redbook (YoY), 5.0%
09:00 AM ET House Price Index (YoY) (Aug), 4.6%
09:00 AM ET House Price Index (MoM) (Aug), 0.5%, 0.8%
09:00 AM ET House Price Index (Aug), 409.5
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Aug), 0.9%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Aug), 0.6%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Aug), 1.6%, 0.1%
09:45 AM ET Chicago PMI (Oct), 45.0, 44.1
10:00 AM ET CB Consumer Confidence (Oct), 100.0, 103.0
10:30 AM ET Dallas Fed Services Revenues (Oct), 8.7
10:30 AM ET Texas Services Sector Outlook (Oct), -8.6
11:30 AM ET 52-Week Bill Auction, 5.185%
16:30 PM ET API Weekly Crude Oil Stock, -2.668M