Dow stocks at 52 week highs include Disney (DIS), Goldman Sachs (GS) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open up +80 points.

Monday, the Dow closed down -44.89 (-0.27%) at 16,425.10.

Year-to-date the Dow is down -0.91%.

Monday, Janet Yellen was confirmed by the Senate to head the Federal Reserve. The vote was generally down party lines with Republican Senators voting no. Only 11 Republicans joined Democrats to vote yes. Yellen will replace outgoing chair Ben Bernanke who vacates his position on January 31.

Wednesday we get the release of minutes from the Federal Reserve’s December meeting.

Friday we get the Jobs Report.

European stocks are higher and Asian stocks ended mixed.

The national average price of gasoline is down three-tenths of a cent to $3.314 per gallon.

Earnings Reports.

American Express (AXP) will report earnings on 1/9/14 after the market close.

JPMorgan (JPM) reports earnings on 1/14/14 before the market open.

Intel (INTC) reports earnings on 1/15/14 after the market close.

Goldman Sachs (GS) will report earnings on 1/16/14 before the market open.

United Health (UNH) reports earnings on 1/16/14 before the market open.

Earnings reports from Monday include:

A. Schulman (SHLM) reported earnings that beat expectations. It’s fiscal first-quarter earnings came in at $0.57 per share on revenue of $585.4 million. Analysts expected EPS of $0.47 on revenue of $571 million.

Sonic (SONC) reported mostly inline earnings. It’s first quarter earnings came in at $0.13 on revenue of $126.7 million. Analysts expected EPS of $0.13 on revenue of $127.98 million.

Other stocks expected to report earnings today include:

Apollo Group (APOL) will report first-quarter earnings after the close. Analysts expect EPS of $0.90 on revenue of $850.58 million.

Franklin Covey (FC) is expected to report first-quarter earnings of $0.25 per share on revenue of $46.47 million.

Micron Technology (MU) will report first-quarter earnings after the close. Analysts expect EPS of $2.18 per share on revenue of $9.31 billion.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is down -2.52% year-to-date.

Financial Calendar

0830 ET Nov trade balance expected -$40.0 billion, Oct -$40.6 billion.

0830 ET Boston Fed President Eric Rosengren speaks at the Connecticut Business & Industry Associations Economic Summit & Outlook 2014 in Hartford, CT.

1300 ET Treasury auctions $30 billion in 3-year T-notes.

1410 ET San Francisco Fed President John Williams delivers a speech on the economy and monetary policy at the Phoenix Country Club.