There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Chevron (CVX) 142.40 (-1.39%).

The Market

Premarket today, the Dow was indicated to be up +88 points.

Wednesday the Dow closed down -40.33 (-0.12%) at 34,112.27.

Year-to-date the Dow is up +2.91%.

Wednesday, (10) Dow stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Amgen (AMGN) 273.26 (+0.79%), Microsoft (MSFT) 363.20 (+0.74%) and Apple (AAPL) 182.89 (+0.59%).

The Dow stock losers Wednesday were led by Walgreens (WBA) 21.00 (-3.00%), Intel (INTC) 37.92 (-2.19%) and Chevron (CVX) 142.40 (-1.39%).

The VIX closed Wednesday at 14.45 (-2.43%) and the 10 YR at 4.497 (-0.40%). The VIX is currently at 14.70 (-0.74%). The 10YR is at 4.573 (+0.04%).

Disney (DIS) fourth-quarter earnings topped expectations when it released results after the market close on Wednesday, but revenue came up short. The entertainment giant said it saw a decline in ad revenue, primarily from Disney’s ABC Network and other owned TV stations. It also plans to expand its cost-cutting measures by an additional $2 billion. Disney also said it gained 7 million new Disney+ subscribers from the previous quarter, upping its total users to $150.2 million. Analysts had anticipated a total of 148.15 million subscribers for the period. The company reported adjusted earnings of 82 cents per share, topping the 67 cents expected. Revenue came in at $21.24 billion and slightly behind the $21.33 billion expected. Shares are up about 4%.

Initial filings for jobless benefits declined slightly last week and were just below estimates. Jobless claims for the week ended Nov. 4 totaled 217,000, a drop of 3,000 from the previous period and a touch under the consensus forecast for 220,000, the Labor Department reported Thursday. Continuing claims, which run a week behind, totaled 1.834 million, an increase of 22,000 and above the estimate for 1.819 million.

Later today, Fed chief Powell will speak at an IMF Annual Research Conference in Washington D.C. Powell is a part of the policy panel that will discuss monetary policy challenges in the global economy.

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

The national average price of gasoline is down four-tenths of a cent at $3.401 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 $0.034 per 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) reported earnings on 11/2/23 after the market close with $1.46, beating estimates of $1.392 per share.

Disney (DIS) reported earnings on 11/8/23 after the market close with $0.82, beating estimates of $0.67 per share.

Home Depot (HD) reports earnings on 11/14/23 before the market open.

Cisco (CSCO) reports earnings on 11/15/23 after the market close.

Walmart (WMT) reports earnings on 11/16/23 before the market open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 191.83 (+0.22%) is up +0.70% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,820K, 1,818K
08:30 AM ET Initial Jobless Claims, 215K, 217K
08:30 AM ET Jobless Claims 4-Week Avg., 210.00K
09:30 AM ET FOMC Member Bostic Speaks
10:00 AM ET IBD/TIPP Economic Optimism, 40.2, 36.3
10:30 AM ET Natural Gas Storage, 79B
11:00 AM ET FOMC Member Barkin Speaks
11:30 AM ET 4-Week Bill Auction, 5.290%
11:30 AM ET 8-Week Bill Auction, 5.300%
12:00 PM ET 30-Year Bond Auction, 4.837%
12:00 PM ET WASDE Report
14:00 PM ET Fed Chair Powell Speaks
15:30 PM ET Fed’s Balance Sheet, 7,867B
15:30 PM ET Reserve Balances with Federal Reserve Banks, 3.315T