Dow stocks hitting 52-week highs include Microsoft (MSFT) 369.67 (+2.49%). Dow stock 52-week lows include Chevron (CVX) 142.95 (+0.71%).

The Market

Premarket today, the Dow was indicated to be down -44 points.

Friday the Dow closed up +391.16 (+1.15%) at 34,283.10.

Year-to-date the Dow is up +3.43%.

Friday, (26) Dow stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 38.86 (+2.80%), Microsoft (NSFT) 369.67 (+2.49%) and Caterpillar (CAT) 239.68 (+2.36%).

The Dow stock losers Friday were led by Disney (DIS) 88.27 (-2.29%), Merck (MRK) 101.39 (-0.97%) and Nike (NKE) 106.11 (-0.83%).

The VIX closed Friday at 14.17 (-7.33%) and the 10 YR at 4.665 (+0.69%). The VIX is currently at 15.01 (+5.93%). The 10YR is at 4.573 (+0.04%).

Friday, Moody’s cut the U.S. credit outlook to negative after the closing bell.

Tuesday brings us the latest consumer price index data.

The U.S. government will partially shut down Saturday if Congress fails to pass a funding bill before then. House Republicans over the weekend released a novel spending proposal that would extend funding for parts of the government until Jan. 19, and others until Feb. 2. The Democratic-led Senate will likely reject the approach and is considering a stopgap funding measure to keep all of the government running through mid-January.

Tuesday we get Home Depot (HD) earnings before the bell. Thursday we get Walmart (WMT) earnings before the bell.

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

The national average price of gasoline is down four-tenths of a cent at $3.365 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

Salesforce (CRM)

Salesforce (CRM) 213.63 (+1.72%) is up +61.12% in 2023.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:50 AM ET Fed Governor Cook Speaks
10:30 AM ET Crude Oil Inventories, 0.774M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.062M
10:30 AM ET Crude Oil Imports, 0.348M
10:30 AM ET Cushing Crude Oil Inventories, 0.272M
10:30 AM ET Distillate Fuel Production, -0.153M
10:30 AM ET EIA Weekly Distillates Stocks, -0.792M
10:30 AM ET Gasoline Production, -0.330M
10:30 AM ET Heating Oil Stockpiles, 0.304M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.2%
10:30 AM ET Gasoline Inventories, 0.065M
11:00 AM ET 1-Year Consumer Inflation Expectations, 3.70%
11:30 AM ET 3-Month Bill Auction, 5.285%
11:30 AM ET 6-Month Bill Auction, 5.260%
14:00 PM ET Federal Budget Balance, -30.0B, -171.0B
15:30 PM ET CFTC Aluminium speculative net positions, 7.1K
15:30 PM ET CFTC Copper speculative net positions, -17.2K
15:30 PM ET CFTC Corn speculative net positions, -87.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 262.3K
15:30 PM ET CFTC Gold speculative net positions, 163.4K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 6.7K
15:30 PM ET CFTC Natural Gas speculative net positions, -54.7K
15:30 PM ET CFTC S&P 500 speculative net positions, 4.3K
15:30 PM ET CFTC Silver speculative net positions, 20.2K
15:30 PM ET CFTC Soybeans speculative net positions, 16.3K
15:30 PM ET CFTC Wheat speculative net positions, -69.6K