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 down -289 points.

Friday the Dow closed down -201.81 (-0.56%) at 35,911.81.

Year-to-date the Dow is down -1.17%.

There were 15 Dow stocks up Friday.

The Dow stock winners Friday were led by Amgen (AMGN) 235.36 (+1.95%), Microsoft (MSFT) 310.20 (+1.77%) and Chevron (CVX) 128.96 (+1.70%).

The Dow stock losers Friday were led by JPMorgan (JPM) 157.89 (-6.15%), Home Depot (HD) 372.00 (-3.87%) and American Express (AXP) 168.40 (-2.82%).

Markets were closed Monday for Martin Luther King Day.

The 2-year Treasury yield broke above 1% for the first time since February 2020, a month before the Covid pandemic declaration, which sent the U.S. economy into a recession. The 10-year yield topped 1.83%, its highest since January 2020.

Microsoft (MSFT) will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. Activision makes popular game franchises such as “Call of Duty.” Activision has been mired in controversy in recent months due to allegations of sexual harassment and misconduct among company executives.

Goldman Sachs (GS) reported a Q4 earnings miss as operating expenses surged 23% from a year earlier. The company’s shares in the premarket dropped 2.8%. Revenue of $12.64 billion topped estimates. On Friday, JPMorgan Chase (JPM) kicked off the quarterly reporting season. Its shares dipped in the premarket after closing down 6% despite better-than-expected quarterly earnings and revenue. JPMorgan’s CFO said the company would likely miss a key profit target in the next two years.

U.S. and international oil prices hit more than seven-year highs Tuesday after the United Arab Emirates vowed to retaliate against Yemen’s Iran-aligned Houthi group for Monday’s deadly attack on its capital Abu Dhabi. The UAE is the third-largest oil-producing member of OPEC and world’s seventh-biggest oil producer, pumping just more than 4 million barrels per day. Overnight, West Texas Intermediate crude jumped more than 2% to hit $85.56 per barrel, before trimming those gains.

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

The national average price of gasoline is up four-tenths of a cent at $3.314 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) reported earnings on 1/14/2022 before the market open with $3.33, beating estimates of $2.978 per share.

Goldman Sachs (GS) reported earnings on 1/18/2022 before the market open with $10.81, missing estimates of $11.76 per share.

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.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Dow (DOW) reports earnings on 1/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 1/27/2022 before the market open.

Apple (AAPL) reports earnings on 1/27/2022 after the market close.

Visa (V) reports earnings on 1/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 1/28/2022 before the market open.

Chevron (CVX) reports earnings on 1/28/2022 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 257.71 (-1.42%) is down -3.86% in 2022.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:30 AM ET NY Empire State Manufacturing Index (Jan)
10:00 AM ET NAHB Housing Market Index (Jan)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
16:00 PM ET US Foreign Buying, T-bonds (Nov)
16:00 PM ET Overall Net Capital Flow (Nov)
16:00 PM ET TIC Net Long-Term Transactions (Nov)
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Nov)
16:30 PM ET API Weekly Crude Oil Stock