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 +249 points.

Thursday the Dow was down -259.86 (-0.75%) at 34,421.93.

Year-to-date the Dow is up +13.32%.

There were 4 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 236.77 (+2.15%), IBM (IBM) 140.74 (+0.66%) and Amgen (AMGN) 244.28 (+0.44%).

The Dow stock losers Thursday were led by Travelers (TRV) 148.52 (-2.41%), Goldman Sachs (GS) 358.94 (-2.37%) and American Express (AXP) 167.50 (-2.04%).

Dow futures are up +249 points Friday, one day after a broad sell-off on Wall Street. The Dow lost 259 points, or 0.75%, on Thursday, finishing roughly 1% away from last Friday’s record close. The 30-stock average had been down as much as 536 points during Thursday’s session.

Bond yields, which move inversely to prices, rose Friday. The 10-year Treasury yield was back above 1.34% after falling Thursday as low as 1.25% to levels not seen since February. The 10-year yield hit a then-14-month high of 1.78% in March. It began 2021 at less than 1%. Treasury yields have generally been falling over the past week, with declines accelerating Thursday on delta variant worries and an unexpected jump in first-time filings for jobless claims for last week, rising from the previous week’s Covid-era lows.

The White House is expected to announce Friday a new executive order aimed at cracking down on anti-competitive practices in Big Tech, labor and numerous other sectors The sweeping order, which includes 72 actions and recommendations that involve a dozen federal agencies, is intended to reshape the thinking around corporate consolidation, antitrust laws and encourage greater competition across the board.

Pfizer and BioNTech are developing a Covid booster shot intended to target the delta variant, already the dominant form of the disease in the U.S. While they believe a third shot of their current two-dose vaccine can preserve the “highest levels” of protection against all currently known variants, the companies are “remaining vigilant” and working on an updated version of the vaccine.

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

The national average price of gasoline is up two-tenths of a cent at $3.143 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reports earnings on 7/13/2021 before the market open.

JPMorgan (JPM) reports earnings on 7/13/2021 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/2021 before the market open.

IBM (IBM) reports earnings on 7/19/2021 after the market close.

Travelers (TRV) reports earnings on 7/20/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/21/2021 before the market open.

Coca Cola (KO) reports earnings on 7/21/2021 before the market open.

Verizon (VZ) reports earnings on 7/21/2021 before the market open.

Microsoft (MSFT) reports earnings on 7/21/2021 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 169.08 (-0.19%) is up +7.43% in 2021.

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