Dow stocks hitting 52-week highs include Chevron (CVX) and Travelers (TRV). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -71 points.

Friday the Dow closed down -4.81 (-0.01%) at 36,231.66.

Year-to-date the Dow is down -0.29%.

There were 20 Dow stocks up Friday.

The Dow stock winners Friday were led by Walgreens (WBA) 53.84 (+2.67%), Travelers (TRV) 166.24 (+2.41%) and Honeywell (HON) 215.75 (+2.34%).

The Dow stock losers Friday were led by Home Depot (HD) 393.61 (-2.99%), Nike (NKE) 156.97 (-2.53%) and UnitedHealth (UNH) 458.60 (-2.35%).

Bond yields ticked higher Monday, with the benchmark 10-year yield trading at 1.77% after hitting a high back to January 2020 above 1.8% on Friday.

Goldman Sachs expects the Federal Reserve to hike interest rates from near-zero levels four times this year as inflation rises and unemployment drops. In minutes from its December meeting, the Fed revealed talk about a balance sheet reduction in addition to signaling rate increases and an accelerating tapering. Fed Chairman Jerome Powell is set to testify Tuesday at his nomination hearing before a Senate panel.

This week, consumer and wholesale inflation reports are out Wednesday and Thursday. Economists expect another hot month for both readings, though some economists believe inflation is close to its peak. November’s headline CPI of 6.8% was the highest since 1982.

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

The national average price of gasoline is up one-tenth of a cent at $3.304 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 134.83 (-0.38%) is up +0.87% in 2022.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Dec)
10:00 AM ET Wholesale Trade Sales (MoM) (Nov)