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 up +407 points.

Wednesday the Dow closed up +242.75 (+0.61%) at 40,008.39.

Year-to-date the Dow is up +6.15%.

Wednesday, (23) Dow stocks were up, none made 52-week lows and none made 52-week highs.

The Dow stock winners Wednesday were led by American Express (AXP) 243.76 (+2.00%), Home Depot (HD) 355.66 (+1.60%) and Travelers (TRV) 214.09 (+1.52%).

The Dow stock losers Tuesday were led by Intel (INTC) 19.92 (-2.69%), Merck (MRK) 113.58 (-0.71%) and Caterpillar (CAT) 337.59 (-0.36%)

The VIX closed Wednesday at 16.19 (-10.65%) and the 10 YR at 3.832 (-0.39%). The VIX is currently at 15.46 (-4.51%). The 10YR is at 3.932 (+3.07%).

Consumer spending increased more-than-expected in July, adding another layer of positive economic data to investors hoping to continue a recent market rally. U.S. Retail sales increased 1% in July, surpassing an estimate from Dow Jones that forecast 0.3%. Excluding auto-related figures, sales ticked up 0.4%, which was also better than a 0.1% forecast.

Walmart (WMT) surged 7% after the big-box retailer and Dow component reported quarterly earnings that beat forecasts. The big-box retailer raised its full-year outlook and reported improving sales and traffic to its website. Walmart said it now expects sales to accelerate by 3.75% to 4.75% for the full year, with adjusted earnings seen between $2.35 and $2.43 per share.

Cisco (CSCO) gained 6% after the networking company reported an earnings and revenue beat for its fiscal fourth quarter, and also issued an optimistic forecast. Cisco posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts expected it to earn 85 cents per share on revenue of $13.54 billion. For the fiscal year, both revenue and earnings fell from the prior year, its first drop since 2020. Cisco also announced it will cut 7% of its global workforce.

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

The national average price of gasoline is down three-tenths of a cent at $3.442 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reported earnings on 7/19/24 before the market open with $2.51, beating estimates for $2.224 per share.

Verizon (VZ) reported earnings on 7/22/24 before the market open with $1.15, beating estimates for $1.141 per share.

Coca Cola (KO) reported earnings on 7/23/24 before the market open with $0.84, beating estimates for $0.802 per share.

Visa (V) reported earnings on 7/23/24 after the market close with $2.42, beating estimates for $2.411 per share.

IBM (IBM) reported earnings on 7/24/24 after the market close with $2.43, beating estimates for $2.16 per share.

Dow (DOW) reported earnings on 7/25/24 before the market open with $0.68, missing estimates for $0.718 per share.

Honeywell (HON) reported earnings on 7/25/24 before the market open with $2.49, beating estimates for $2.418 per share.

McDonald’s (MCD) reported earnings on 7/29/24 before the market open with $2.79, missing estimates for $3.079 per share.

3M (MMM) reports earnings on 7/26/24 before the market open with $1.93, beating estimates for $1.662 per share.

Merck (MRK) reported earnings on 7/30/24 before the market open with $2.728, beating estimates for $2.156 per share.

Procter & Gamble (PG) reported earnings on 7/30/24 before the market open with $1.40, beating estimates for $1.367 per share.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close with $2.95, beating estimates for $2.899 per share.

Boeing (BA) reported earnings on 7/31/24 before the market open with -$2.90, missing estimates for -$1.681 per share.

Apple (AAPL) reported earnings on 8/1/24 after the market close with $1.40, beating estimates for $1.342 per share.

Amazon (AMZN) reported earnings on 8/1/24 after the market close with $1.26, beating estimates for $1.046 per share.

Intel (INTC) reported earnings on 8/1/24 after the market close with $0.02, beating estimates for -$0.115 per share.

Chevron (CVX) reported earnings on 8/2/24 before the market open with $2.55, missing estimates for $2.879 per share.

Caterpillar (CAT) reported earnings on 8/6/24 before the market open with $5.99, beating estimates for $5.534 per share.

Amgen (AMGN) reported earnings on 8/6/24 after the market close with $4.93, beating estimates for $4.97 per share.

Disney (DIS) reported earnings on 8/7/24 before the market open with $1.204, beating estimates for $1.39 per share.

Home Depot (HD) reported earnings on 8/13/24 before the market open with $4.67, beating estimates for $4.541 per share.

Cisco (CSCO) reported earnings on 8/14/24 after the market close with $0.87, beating estimates for $0.701per share.

Walmart (WMT) reported earnings on 8/15/24 before the market open with $0.67, beating estimates for $0.647per share.

Salesforce (CRM) reports earnings on 8/28/24 after the market close.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 19.92 (-2.69%) is down -60.36% in 2024.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,880K, 1,875K
08:30 AM ET Core Retail Sales (MoM) (Jul), 0.1%, 0.4%
08:30 AM ET Export Price Index (MoM) (Jul), 0.0%, -0.5%
08:30 AM ET Export Price Index (YoY) (Jul), 0.7%
08:30 AM ET Import Price Index (YoY) (Jul), 1.6%
08:30 AM ET Import Price Index (MoM) (Jul), -0.1%, 0.0%
08:30 AM ET Initial Jobless Claims, 236K, 233K
08:30 AM ET Jobless Claims 4-Week Avg., 240.75K
08:30 AM ET NY Empire State Manufacturing Index (Aug), -5.90, -6.60
08:30 AM ET Philadelphia Fed Manufacturing Index (Aug), 5.4, 13.9
08:30 AM ET Philly Fed Business Conditions (Aug), 38.7
08:30 AM ET Philly Fed CAPEX Index (Aug), 7.40
08:30 AM ET Philly Fed Employment (Aug), 15.2
08:30 AM ET Philly Fed New Orders (Aug), 20.7
08:30 AM ET Philly Fed Prices Paid (Aug), 19.80
08:30 AM ET Retail Control (MoM) (Jul), 0.9%
08:30 AM ET Retail Sales (YoY) (Jul), 2.28%
08:30 AM ET Retail Sales (MoM) (Jul), 0.4%, 0.0%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Jul), 0.8%
09:15 AM ET Capacity Utilization Rate (Jul), 78.5%, 78.8%
09:15 AM ET Industrial Production (YoY) (Jul), 1.58%
09:15 AM ET Industrial Production (MoM) (Jul), -0.3%, 0.6%
09:15 AM ET Manufacturing Production (MoM) (Jul), -0.2%, 0.4%
10:00 AM ET Business Inventories (MoM) (Jun), 0.3%, 0.5%
10:00 AM ET NAHB Housing Market Index (Aug), 43, 42
10:00 AM ET Retail Inventories Ex Auto (Jun), 0.2%, 0.0%
10:30 AM ET Natural Gas Storage, 43B, 21B
11:00 AM ET Thomson Reuters IPSOS PCSI (Aug), 55.99
11:30 AM ET 4-Week Bill Auction, 5.285%
11:30 AM ET 8-Week Bill Auction, 5.190%
12:00 PM ET Atlanta Fed GDPNow (Q3), 2.9%, 2.9%
13:10 PM ET FOMC Member Harker Speaks
16:00 PM ET US Foreign Buying, T-bonds (Jun), 45.90B
16:00 PM ET Overall Net Capital Flow (Jun), 15.80B
16:00 PM ET TIC Net Long-Term Transactions (Jun), 56.3B, -54.6B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Jun), -54.60B
16:30 PM ET Fed’s Balance Sheet, 7,175B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.373T