Dow stocks hitting 52-week highs include Procter & Gamble (PG). Dow stock 52-week lows include Disney (DIS).

The Market

Premarket today, the Dow was indicated to open down -457 points.

Friday the Dow closed down -450.02 (-1.30%) at 34,265.37.

Year-to-date the Dow is down -5.70%. It is now down -6.89 % from the record 36,799.65 close on 1/4/2022.

There were 3 Dow stocks up Friday.

The Dow stock winners Friday were McDonald’s (MCD) 254.59 (+0.58%), Procter & Gamble (PG) 162.62 (+0.38%) and Nike (NKE) 142.95 (+0.15%).

The Dow stock losers Friday were led by Disney (DIS) 137.38 (-6.94%), Boeing (BA) 205.44 (-4.09%) and Visa (V) 205.93 (-3.93%).

The Dow Jones Industrial Average lost 4.6% last week, its worst weekly performance since October 2020 and its third straight weekly decline.

The 10-year Treasury yield Monday continued to retreat from last week’s spike to January 2020 highs. The 10-year yield was around 1.7% after topping 1.9% on Wednesday as investors focused on the Federal Reserve’s timeline for raising interest rates and broadly tightening monetary policy as inflation persistently increases. The Fed holds its two-day January meeting Tuesday and Wednesday. The first of the four rate hikes the market sees this year is expected in March.

The cryptocurrency market has seen around $130 billion in value erased over the past 24 hours as major digital coins continued their multiday sell-off. Bitcoin on Monday was down around 5% to just above $33,000, according to Coin Metrics, the lowest levels since July 2021. Bitcoin was about 50% off its record high hit in November. Ether plunged 9% to just under $2,200, its lowest level since late July. Ether was down more than 50% from its November 2021 all-time high.

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

The national average price of gasoline is up two-tenths of a cent at $3.331 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) reported earnings on 1/19/2022 before the market open with $1.66, beating estimates of $1.649 per share.

UnitedHealth (UNH) reported earnings on 1/19/2022 before the market open with $4.48, beating estimates of $4.296 per share.

Travelers (TRV) reported earnings on 1/20/2022 before the market open with $5.20, beating estimates of $3.861 per share.

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.

Honeywell (HON) reports earnings on 2/3/2022 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 142.95 (+0.15%) is down -14.23% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Dec)
09:45 AM ET Manufacturing PMI (Jan)
09:45 AM ET Markit Composite PMI (Jan)
09:45 AM ET Services PMI (Jan)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
13:00 AM ET 2-Year Note Auction