Dow stocks hitting 52-week highs include Chevron (CVX) and Travelers (TRV). Dow stock 52-week lows include Intel (INTC).

The Market

Premarket today, the Dow was indicated to open down -60 points.

Thursday the Dow closed down -7.31 (-0.02%) at 34,160.78.

Year-to-date the Dow is down -5.999%.

There were 17 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Dow 60.18 (+5.17%), Chevron (CVX) 135.37 (+2.02%) and Merck (MRK) 80.58 (+1.82%).

The Dow stock losers Thursday were led by Intel (INTC) 48.05 (-7.04%), Boeing (BA) 189.75 (-2.33%) and American Express (AXP) 171.90 (-1.95%).

Chevron (CVX) fell nearly 3% in the premarket, retreating from a record high after an earnings miss. The energy giant before the bell reported lower-than-expected adjusted fourth-quarter earnings. Revenue of $48.13 billion beat expectations. The results come as oil stages a blistering recovery from its pandemic-era lows, with international crude prices and U.S. oil prices trading at more than seven-year highs.

Apple (AAPL) is rising more than 2.5% in the premarket following strong earnings. After the bell Thursday, Apple reported record revenue for its December quarter, despite supply chain disruptions cutting into sales. Apple beat analyst estimates for sales in every product category except iPads. Adjusted per-share earnings also topped expectations.

The Federal Reserve’s favorite inflation gauge showed its biggest year-over-year increase since September 1983. December’s core PCE price index, excluding the food and energy sectors, jumped 4.9% from a year ago. November’s number increased 4.7% year over year.

Home Depot (HD) shares were steady in premarket trading, following the late Thursday announcement that Chief Operating Officer Ted Decker will step into the role of CEO, effective March 1. The retailer’s current CEO, Craig Menear, 64, will continue to serve as chairman of the board. Menear has been at the retailer for more than 20 years and began as CEO in November 2014. Decker, 58, has risen through the ranks at Home Depot since joining the company in 2000. Home Depot has seen tremendous growth during the Covid pandemic.

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

The national average price of gasoline is up eight-tenths of a cent at $3.356 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 with $3.35, missing estimates of $3.385 per share.

3M (MMM) reported earnings on 1/25/2022 before the market open with $2.31, beating estimates of $2.028 per share.

American Express (AXP) reported earnings on 1/25/2022 before the market open with $2.18, beating estimates of $1.778 per share.

Johnson & Johnson (JNJ) reported earnings on 1/25/2022 before the market open with $2.13, beating estimates of $2.123 per share.

Verizon (VZ) reported earnings on 1/25/2022 before the market open with $1.31, beating estimates of $1.282 per share.

Microsoft (MSFT) reported earnings on 1/25/2022 after the market close with $2.48, beating estimates of $2.288 per share.

Boeing (BA) reported earnings on 1/26/2022 before the market open with -$7.69, missing estimates of -$0.09 per share.

Intel (INTC) reported earnings on 1/26/2022 after the market close with $1.09, beating estimates of $0.90 per share.

Dow (DOW) reported earnings on 1/27/2022 before the market open with $2.15, beating estimates of $2.039.

McDonald’s (MCD) reported earnings on 1/27/2022 before the market open with $2.23, missing estimates of $2.309 per share.

Apple (AAPL) reported earnings on 1/27/2022 after the market close with $2.10, beating estimates of $1.888 per share.

Visa (V) reported earnings on 1/27/2022 after the market close with $1.81, beating estimates of $1.693 per share.

Caterpillar (CAT) reported earnings on 1/28/2022 before the market open with $2.69, beating estimates of $2.233 per share.

Chevron (CVX) reported earnings on 1/28/2022 before the market open with $2.63, missing estimates of $3.106 per share.

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

Merck (MRK) reports earnings on 2/3/2022 before the market open.

Amgen (AMGN) reports earnings on 2/7/2022 after the market close.

Disney (DIS) reports earnings on 2/9/2022 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 206.15 (+0.14%) is down -4.87% in 2022.

Financial Calendar

08:30 AM ET Core PCE Price Index (YoY) (Dec)
08:30 AM ET Core PCE Price Index (MoM) (Dec)
08:30 AM ET Employment Benefits (QoQ) (Q4)
08:30 AM ET Employment Cost Index (QoQ) (Q4)
08:30 AM ET Employment Wages (QoQ) (Q4)
08:30 AM ET PCE Price index (YoY) (Dec)
08:30 AM ET PCE price index (MoM) (Dec)
08:30 AM ET Personal Income (MoM) (Dec)
08:30 AM ET Personal Spending (MoM) (Dec)
08:30 AM ET Real Personal Consumption (MoM) (Dec)
10:00 AM ET Michigan 5-Year Inflation Expectations (Jan)
10:00 AM ET Michigan Consumer Expectations (Jan)
10:00 AM ET Michigan Consumer Sentiment (Jan)
10:00 AM ET Michigan Current Conditions (Jan)
10:00 AM ET Michigan Inflation Expectations (Jan)
12:00 AM ET Dallas Fed PCE (Dec)
13:00 AM ET U.S. Baker Hughes Oil Rig Count
13:00 AM ET U.S. Baker Hughes Total Rig Count
15:30 AM ET CFTC Aluminum speculative net positions
15:30 AM ET CFTC Copper speculative net positions
15:30 AM ET CFTC Corn speculative net positions
15:30 AM ET CFTC Crude Oil speculative net positions
15:30 AM ET CFTC Gold speculative net positions
15:30 AM ET CFTC Nasdaq 100 speculative net positions
15:30 AM ET CFTC Natural Gas speculative net positions
15:30 AM ET CFTC S&P 500 speculative net positions
15:30 AM ET CFTC Silver speculative net positions
15:30 AM ET CFTC Soybeans speculative net positions
15:30 AM ET CFTC Wheat speculative net positions