Dow stocks hitting 52 week highs include Apple (AAPL) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -113 points.

Friday the Dow was down -179.03 (-0.57%) at 30,996.98.

Year-to-date the Dow is up +1.28%.

There were 11 Dow stocks up Friday.

The Dow stock winners Friday were led by Home Depot (HD) 284.00 (+1.77%), Salesforce (CRM) 225.77 (+1.62%) and Apple (AAPL) 139.07 (+1.61%).

The Dow stock losers Friday were led by IBM (IBM) 118.61 (-9.91%), Intel (INTC) 56.66 (-9.29%) and UnitedHealth (UNH) 347.55 (-2.10%).

Merck (MRK) fell nearly 1% in premarket trading after the U.S. drug giant announced Monday that it’s discontinuing its Covid vaccine program. Merck said its two vaccine candidates generated immune responses that were inferior to those seen for other vaccines. The company said it will now focus its pandemic research on treatments, with initial efficacy data on an experimental oral antiviral expected by the end of March.

Top Biden aides spoke with a group of moderate Senate Republicans and Democrats on Sunday about the president’s $1.9 trillion coronavirus relief proposal. Conservatives are questioning whether more stimulus is needed on top of December’s $900 billion package, while progressives are urging Biden to stand his ground. The White House during Sunday’s call did not seem to budge on breaking up the plan or reducing the overall price tag even as it pushes for bipartisan support. The new president has been taking a number of steps to fight Covid on the health and economic fronts as 3,088 people are dying per day, according the latest daily seven-day average.

House Democrats on Monday evening will carry the sole impeachment charge against Trump of “incitement of insurrection” across the Capitol, passing the baton to the Senate for a trial scheduled to start in two weeks. Leaders in both parties agreed to the short delay to give Trump’s team and House prosecutors time to prepare. Unlike Trump’s first impeachment trial, which resulted in a Senate acquittal, more Republicans are indicating their support for conviction this time and a separate vote to bar Trump from holding office again.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up one-tenth of a cent at $2.400 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reports earnings on 1/26/2021 before the market open.

American Express (AXP) reports earnings on 1/26/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/26/2021 before the market open.

Verizon (VZ) reports earnings on 1/26/2021 before the market open.

Microsoft (MSFT) reports earnings on 1/26/2021 after the market close.

Boeing (BA) reports earnings on 1/27/2021 before the market open.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

McDonald’s (MCD) reports earnings on 1/28/2021 before the market open.

Visa (V) reports earnings on 1/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2021 before the market open.

Chevron (CVX) reports earnings on 1/29/2021 before the market open.

Honeywell (HON) reports earnings on 1/29/2021 before the market open.

Amgen (AMGN) reports earnings on 2/2/2021 after the market close.

Merck (MRK) reports earnings on 2/4/2021 before the market open.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 130.00 (-0.77%) is down -6.57% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

10:30 AM ET Dallas Fed Manufacturing Survey

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

1:00 PM ET 2-Yr Note Auction