Dow stocks hitting 52-week highs includes 3M (MMM) 131.73 (-2.31%) and Walmart (WMT) 82.02 (+1.50%). There were no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -247 points.

Tuesday the Dow closed down -6.71 (-0.02%) at 42,924.89.

Year-to-date the Dow is up +13.89%.

Tuesday, (16) Dow stocks were up, none made 52-week lows, and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Microsoft (MSFT) 427.51 (+2.08%), Walmart (WMT) 82.02 (+1.50%) and Amgen (AMGN) 319.66 (+0.92%).

The Dow stock losers Tuesday were led by Verizon (VZ) 41.50 (-5.03%), 3M (MMM) 131.73 (-2.31%) and Intel (INTC) 22.40 (-1.93%).

The VIX closed Tuesday at 18.20 (-0.93%) and the 10 YR at 4.210 (+0.19%). The VIX is currently at 18.71 (+2.80%). The 10YR is at 4.208 (+0.90%).

Boeing (BA) and new CEO Kelly Ortberg are set for a big day as the company announced earnings Wednesday morning. The aircraft manufacturer reported an adjusted loss per share of $10.44, while analysts had expected a loss of $10.52, and revenue came in at $17.84 billion versus $17.82 billion. Ortberg will lead a call with analysts for the first time since taking the helm of the aviation giant in August that has been at the center of widespread safety issues and a massive strike. More than 32,000 machinists on strike will vote on a new contract proposal, with results expected to come Wednesday night. Analysts are cautiously optimistic that the proposal, which requires a simple majority of the vote, could pass, putting an end to the more than five-week work stoppage that has halted most of the company’s production of airplanes.

McDonald’s (MCD) shares sank in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak was tied to the chain’s Quarter Pounder burgers. The agency said 49 cases had been reported in 10 states between Sept. 27 and Oct. 11, with most of the illnesses in Colorado and Nebraska. An older adult in Colorado died while 10 others were hospitalized. Initial findings from the ongoing investigation show that some of the illnesses may be linked to slivered onions that are used in the Quarter Pounder and sourced by a single supplier that serves three distribution centers, according to a statement from McDonald’s. The company said it has paused distribution of slivered onions in the affected area and has made the Quarter Pounder temporarily unavailable in several Western states.

Coca-Cola (KO) announced third-quarter earnings on Wednesday that beat Wall Street expectations as higher prices helped offset slow demand for beverages. The company reported adjusted earnings of 77 cents per share compared with 74 cents per share estimated by analysts. Revenue was $11.95 billion which topped the $11.60 billion analysts predicted.

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

The national average price of gasoline is down eight-tenths of a cent at $3.155 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 10/1/24 after the market close with $0.70, beating estimates for $0.514 per share.

JPMorgan (JPM) reported earnings on 10/11/24 before the market open with $4.37, beating estimates of $4.01 per share.

Goldman Sachs (GS) reported earnings on 10/15/24 before the market open with $8.40, beating estimates of $6.89 per share.

Johnson & Johnson (JNJ) reported earnings on 10/15/24 before the market open with $2.41, beating estimates for $2.217 per share.

UnitedHealth (UNH) reported earnings on 10/15/24 before the market open with $7.15, beating estimates for $7.015 per share.

Travelers (TRV) reported earnings on 10/17/24 before the market open with $5.24, beating estimates for $3.794 per share.

American Express (AXP) reports earnings on 10/18/24 before the market open with $3.49, beating estimates for $3.266 per share.

Procter & Gamble (PG) reports earnings on 10/18/24 before the market open with $1.93, beating estimates for $1.898 per share.

3M (MMM) reported earnings on 10/22/24 before the market open with $1.98, beating estimates for $1.93 per share.

Verizon (VZ) reported earnings on 10/22/24 before the market open with $1.19, beating estimates for $1.181 per share.

Boeing (BA) reported earnings on 10/23/24 before the market open with -$10.44, missing estimates for -$10.337 per share.

Coca Cola (KO) reported earnings on 10/23/24 before the market open with $0.77, beating estimates for $0.743 per share.

IBM (IBM) reports earnings on 10/23/24 after the market close.

Dow (DOW) reports earnings on 10/24/24 before the market open.

Honeywell (HON) reports earnings on 10/24/24 before the market open.

Amazon (AMZN) reports earnings on 10/24/24 after the market close.

McDonald’s (MCD) reports earnings on 10/29/24 before the market open.

Visa (V) reports earnings on 10/29/24 after the market close.

Amgen (AMGN) reports earnings on 10/30/24 after the market close.

Microsoft (MSFT) reports earnings on 10/30/24 after the market close.

Intel (INTC) reports earnings on 10/31/24 after the market close.

Merck (MRK) reports earnings on 10/31/24 before the market open.

Amazon (AMZN) reports earnings on 10/31/24 after the market close.

Apple (AAPL) reports earnings on 10/31/24 after the market close.

Intel (INTC) reports earnings on 10/31/24 after the market close.

Chevron (CVX) reports earnings on 11/01/24 before the market open.

Caterpillar (CAT) reports earnings on 11/05/24 before the market open.

Home Depot (HD) reports earnings on 11/12/24 before the market open.

Cisco (CSCO) reports earnings on 11/13/24 after the market close.

Disney (DIS) reports earnings on 11/14/24 before the market open.

Today’s Featured Dow Stock

Amazon (AMZN)

Amazon (AMZN) 189.70 (+0.33%) is up +24.85% in 2024.

Financial Calendar

06:00 AM ET IMF Meetings
07:00 AM ET MBA 30-Year Mortgage Rate, 6.52%
07:00 AM ET MBA Mortgage Applications (WoW), -17.0%
07:00 AM ET MBA Purchase Index, 138.4
07:00 AM ET Mortgage Market Index, 230.2
07:00 AM ET Mortgage Refinance Index, 734.6
09:00 AM ET FOMC Member Bowman Speaks
10:00 AM ET Existing Home Sales (MoM) (Sep), -2.5%
10:00 AM ET Existing Home Sales (Sep), 3.88M, 3.86M
10:30 AM ET Crude Oil Inventories, 0.700M, -2.191M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.165M
10:30 AM ET Crude Oil Imports, -1.039M
10:30 AM ET Cushing Crude Oil Inventories, 0.108M
10:30 AM ET Distillate Fuel Production, -0.234M
10:30 AM ET EIA Weekly Distillates Stocks, -2.000M, -3.534M
10:30 AM ET Gasoline Production, -0.941M
10:30 AM ET Heating Oil Stockpiles, -0.343M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.0%
10:30 AM ET Gasoline Inventories, -1.600M, -2.201M
12:00 PM ET FOMC Member Barkin Speaks
13:00 PM ET 20-Year Bond Auction, 4.039%
14:00 PM ET Beige Book