Dow stocks hitting 52-week highs include Travelers (TRV) 172.43. Dow stock 52-week lows include 3M (MMM) 159.74.

The Market

Premarket today, the Dow was indicated to open up +24 points.

Thursday the Dow closed down -526.47 (-1.47%) at 35,241.59.

Year-to-date the Dow is down -3.02%.

There were 4 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Disney (DIS) 152.16 (+3.35%), Boeing (BA) 218.75 (+1.34%) and Coca Cola (KO) 61.38 (+0.56%).

The Dow stock losers Thursday were led by Amgen (AMGN) 228.82 (-3.53%), Microsoft (MSFT) 302.38 (-2.84%) and Home Depot (HD) 355.09 (-2.55%).

Dow Futures turned higher Friday, one day after a sharp sell-off that was prompted by hotter-than-expected inflation data and St. Louis Federal Reserve President James Bullard’s call for 100 basis points worth of interest rate increases by July 1. To get that done, central bankers would have to do at least one 50 basis point hike if they were to act each time during their three regularly scheduled meetings, March, May and June, before Bullard’s deadline. Economists now see the Fed making the more aggressive 50 basis point increase in March. The market expects six 25 basis point hikes this year, starting in March, to tamp down soaring inflation.

The 10-year Treasury yield ticked lower Friday but remained above 2%, a level reached Thursday for the first time since August 2019. The 2-year Treasury yield, the most sensitive duration to policy interest rates, traded around 1.6% on Friday after surging 26 basis points in the prior session, the biggest single-day move since 2009. Wall Street will be looking to Tuesday’s release of the producer price index to see if inflation at the wholesale level ran as hot last month as Thursday’s consumer prices report showed.

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

The national average price of gasoline is up three-tenths of a cent at $3.480 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) reported earnings on 2/3/2022 before the market open with $2.09, beating estimates of $2.079 per share.

Merck (MRK) reported earnings on 2/3/2022 before the market open with $1.80, beating estimates of $1.456 per share.

Amgen (AMGN) reported earnings on 2/7/2022 after the market close with $4.36, beating estimates of $4.141 per share.

Disney (DIS) reported earnings on 2/9/2022 after the market close with $1.06, beating estimates of $0.573 per share.

Coca Cola (KO) reported earnings on 2/10/2022 before the market open with $0.45, beating estimates of $0.401 per share.

Cisco (CSCO) reports earnings on 2/16/2022 after the market close.

Walmart (WMT) reports earnings on 2/17/2022 before the market open.

Home Depot (HD) reports earnings on 2/22/2022 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 54.87 (+2.52%) is down -13.41% in 2022.

Financial Calendar

04:00 AM ET IEA Monthly Report
10:00 AM ET Fed Monetary Policy Report
10:00 AM ET Michigan 5-Year Inflation Expectations (Feb)
10:00 AM ET Michigan Consumer Expectations (Feb)
10:00 AM ET Michigan Consumer Sentiment (Feb)
10:00 AM ET Michigan Current Conditions (Feb)
10:00 AM ET Michigan Inflation Expectations (Feb)
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC GBP speculative net positions
15:30 PM ET CFTC Aluminium speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
15:30 PM ET CFTC Natural Gas speculative net positions
15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions