Dow stocks hitting 52-week highs include IBM (IBM) 152.58 (+1.44%), Intel (INTC) 40.61 (+3.04%), Microsoft (MSFT) 369.67 (-0.16%) and Walmart (WMT) 169.78 (+1.27%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -89 points.

Wednesday the Dow closed up +163.51 (+0.47%) at 34,991.21.

Year-to-date the Dow is up +5.56%.

Wednesday, (22) Dow stocks were up, none were at 52-week lows and (4) were at 52-week highs.

The Dow stock winners Wednesday were led by Disney (DIS) 93.93 (+3.14%), Intel (INTC) 40.61 (+3.04%) and Walgreens (WBA) 21.55 (+2.18%).

The Dow stock losers Wednesday were led by Merck (MRK) 101.35 (-0.80%), Sa;esforce (CRM) 219.42 (-0.80%) and Procter & Gamble (PG) 151.42 (-0.46%).

The VIX closed Wednesday at 14.18 (+0.14%) and the 10 YR at 4.544 (+2.30%). The VIX is currently at 13.96 (-1.55%). The 10YR is at 4.473 (-0.064%).

On Thursday, data showed that import prices fell 0.8% in October, more than the 0.3% economists expected. This, combined with an increase in weekly jobless claims last week, follow key inflation reports from earlier this week showing that inflation is finally slowing down.

October’s producer price index, a gauge of wholesale prices, slid 0.5%. That marked its biggest monthly decline since April 2020.

Initial filings for unemployment benefits rose more than expected last week, the Labor Department reported Thursday. First-time claims for the week ended Nov. 11 totaled 231,000, an increase of 13,000 from the prior week and ahead of the Dow Jones estimate for 220,000. Continuing claims, which run a week behind, also rose to 1.865 million, an increase of 32,000 and higher than a 1.853 million estimate.

Import prices fell more than expected in October, another part of a continuing disinflation trend boosted by falling gasoline costs. The Labor Department’s price index for U.S. imports declined 0.8% for the month, even more than the expected drop of 0.3% in the Dow Jones consensus estimate. Imports fell for the first time since June and saw the biggest one-month decline since March. On a year-over-year basis, import prices dropped 2%. A 6.3% slide in imported fuel drove much of the fall in prices, though nonfuel import prices also fell 0.2%.

Walmart (WMT) fell 4.7% after reporting adjusted earnings-per-share guidance for the year of $6.40 to $6.48, lighter than analysts expected.

Cisco (CSCO) shares tumbled nearly 11% during premarket trading on the back of the company’s earnings guidance for the current quarter, which fell below analyst estimates.

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

The national average price of gasoline is down three-tenths of a cent at $3.342 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) reported earnings on 11/14/23 before the market open with $3.81, beating estimates of $3.762 per share.

Cisco (CSCO) reported earnings on 11/15/23 after the market close with $1.11, beating estimates of $0.913 per share.

Walmart (WMT) reports earnings on 11/16/23 before the market open with $1.53, meeting estimates of $1.526 per share.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 93.93 (+3.14%) is up +8.11% in 2023.

Financial Calendar

07:10 AM ET Fed Vice Chair for Supervision Barr Speaks
08:30 AM ET Continuing Jobless Claims, 1,847K, 1,834K
08:30 AM ET Export Price Index (MoM) (Oct), -0.5%, 0.7%
08:30 AM ET Export Price Index (YoY), -4.1%
08:30 AM ET Import Price Index (YoY), -1.7%
08:30 AM ET Import Price Index (MoM) (Oct), -0.3%, 0.1%
08:30 AM ET Initial Jobless Claims, 220K, 217K
08:30 AM ET Jobless Claims 4-Week Avg., 212.25K
08:30 AM ET Philadelphia Fed Manufacturing Index (Nov), -9.0, -9.0
08:30 AM ET Philly Fed Business Conditions (Nov), 9.2
08:30 AM ET Philly Fed CAPEX Index (Nov), -4.80
08:30 AM ET Philly Fed Employment (Nov), 4.0
08:30 AM ET Philly Fed New Orders (Nov), 4.4
08:30 AM ET Philly Fed Prices Paid (Nov), 23.10
09:15 AM ET Capacity Utilization Rate (Oct), 79.4%, 79.7%
09:15 AM ET Industrial Production (YoY) (Oct), 0.08%
09:15 AM ET Industrial Production (MoM) (Oct), -0.3%, 0.3%
09:15 AM ET Manufacturing Production (MoM) (Oct), -0.3%, 0.4%
09:25 AM ET FOMC Member Williams Speaks
10:00 AM ET Fed Governor Kroszner Speaks
10:00 AM ET NAHB Housing Market Index (Nov), 40, 40
10:30 AM ET Fed Waller Speaks
10:30 AM ET Natural Gas Storage, -7B, 79B
10:35 AM ET Fed Vice Chair for Supervision Barr Speaks
11:00 AM ET KC Fed Composite Index (Nov), -8
11:00 AM ET KC Fed Manufacturing Index (Nov), -8
11:30 AM ET 4-Week Bill Auction, 5.290%
11:30 AM ET 8-Week Bill Auction, 5.290%
12:00 PM ET FOMC Member Mester Speaks
16:00 PM ET US Foreign Buying, T-bonds (Sep), 22.10B
16:00 PM ET Overall Net Capital Flow (Sep), 134.40B
16:00 PM ET TIC Net Long-Term Transactions (Sep), 89.4B, 63.5B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Sep), 63.50B
16:30 PM ET Fed’s Balance Sheet, 7,861B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.360T