Dow stocks at 52 week highs include IBM (IBM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -14 points.

Monday the Dow was down -77.79 (-0.42%) at 18,493.06.

Year-to-date the Dow is up +6.13%.

There were 12 Dow stocks up Monday.

The Dow stock winners Monday were led by Nike (NKE) +0.72% and Dupont (DD) +0.66%.

The Dow stock losers Monday were led by Chevron (CVX) -2.45% and Exxon Mobil (XOM) -1.93%.

The Fed begins its two day FOMC meeting today.

Earnings results so far this morning include Dupont (DD +0.66%), $1.24 vs consensus of 1.10, United Technologies (UTX), $1.82 vs 1.68 and Verizon (VZ -0.41%), $0.94 vs $0.92.

Today is a big day for earnings results with 46 of the S&P 500 companies scheduled to report.

McDonald’s (MCD) earnings were $1.25 per share, vs expected EPS of $1.38.

Caterpillar (CAT) earnings were $1.09 per share vs expected EPS of 96 cents.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $2.154 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reports earnings on 7/20/2016 after the close.

Intel (INTC) reports earnings on 7/20/2016 after the close.

Travelers (TRV) reports earnings on 7/21/2016 before the market open.

Visa (V) reports earnings on 7/21/2016 after the close.

General Electric (GE) reports earnings on 7/22/2016 before the market open.

Caterpillar (CAT) reports earnings on 7/26/2016 before the market open.

McDonald’s (MCD) reports earnings on 7/26/2016 before the market open.

Apple (AAPL) reports earnings on 7/26/2016 after the market close.

United Technologies (UTX) reports earnings on 7/26/2016 before the market open.

Verizon (VZ) reports earnings on 7/26/2016 before the market open.

Dupont (DD) reports earnings on 7/26/2016 after the market close.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is up +14.57% year-to-date.

Financial Calendar

0900 ET May S&P/CaseShiller composite-20 home price index expected +0.2% m/m and +5.6% y/y, Apr +0.45% m/m and +5.44% y/y.

0945 ET Prelim-Jul Markit services PMI expected +0.6 to 52.0, Jun 51.4. Jul Markit composite PMI, Jun 51.2.

1000 ET Jul consumer confidence (Conference Board) expected -2.5 to 95.5, Jun +5.6 to 98.0.

1000 ET Jul Richmond Fed manufacturing survey expected +3 to -4, Jun -6 to -7.

1000 ET Jun new home sales expected +1.6% to 560,000, May -6.0% to 551,000.

1030 ET FOMC begins 2-day meeting.

1300 ET Treasury auctions $34 billion of 5-year T-notes.