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 open up +4 points.

Monday the Dow was down -85.85 (-0.25%) at 34,393.75.

Year-to-date the Dow is up +12.37%.

There were 10 Dow stocks up Monday.

The Dow stock winners Monday were led by Salesforce (CRM) 246.26 (+2.48%), Apple (AAPL) 130.48 (+2.46%) and Microsoft (MSFT) 259.89 (+0.78%).

The Dow stock losers Monday were led by Dow (DOW) 66.96 (-1.353%), Goldman Sachs (GS) 372.92 (-1.36%) and Cisco (CSCO) 54.17 (-1.10%).

The 10-year Treasury yield ticked higher Tuesday, trading around 1.5%, after the Labor Department’s May produce price index and the Commerce Department’s May read on retail sales. Headline PPI rose a hot 6.6% year over year, the largest 12-month increase on record. May retail sales dropped a greater-than-expected 1.3%. Those data points, and Wednesday morning’s May housing starts, will be the last reports for central bankers to consider before releasing their policy statement Wednesday afternoon, followed by Fed Chairman Jerome Powell’s news conference.

The EU and the United States have resolved a 17-year dispute concerning government subsidies for their respective aircraft makers Boeing and Airbus. The two sides agreed to suspend for five years trade tariffs that stem from the dispute.

President Biden, who’s been meeting this week with European allies at a G-7 summit in the U.K. and a NATO summit in Belgium, is set to meet Wednesday in Geneva with Russian President Vladimir Putin. It will be the third time Geneva has hosted U.S. and Russian leaders for talks. The first, in 1955, involved President Dwight D. Eisenhower and Soviet leader Nikita Khrushchev. Thirty years later, President Ronald Reagan and Soviet counterpart Mikhail Gorbachev met there. Both of those meetings made progress toward defusing tensions. This time, there are hopes the Biden-Putin meeting can produce a modest improvement on the current U.S.-Russia chill over issues like Ukraine, human rights and cyberattacks.

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

The national average price of gasoline is down four-tenths of a cent at $3.076 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/24/2021 after the market close.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 241.19 (-0.65%) is up +4.90% in 2021.

Financial Calendar

FOMC Meeting Begins

8:30 AM ET PPI-Final Demand

8:30 AM ET Retail Sales

8:30 AM ET Empire State Manufacturing Index

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

1:00 PM ET 20-Yr Bond Auction

4:00 PM ET Treasury International Capital