There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Caterpillar (CAT) 184.69, Salesforce (CRM) 204.29, Honeywell (HON) 182.34 and 3M (MMM) 13.70.

The Market

Premarket today, the Dow was indicated to open up +101 points.

Thursday the Dow closed up +92.07 (+0.28%) at 33,223.83.

Year-to-date the Dow is down -8.57%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Salesforce (CRM) 204.29 (+7.22%), Microsoft (MSFT) 294.59 (+5.11%) and Intel (INTC) 46.72 (+4.64%).

The Dow stock losers Thursday were led by Merck (MRK) 73.51 (-3.07%), JPMorgan (JPM)144.55 (-2.78%) and Procter & Gamble (PG)151.76 (-2.69%).

The 10-year Treasury yield is currently at 1.982%.

The core personal consumption expenditures price index, a closely watched inflation gauge at the Fed, rose 5.2% year over year in January, slightly hotter than estimates and the biggest annual gain since 1983.

Russia pressed its invasion of Ukraine toward the capital on Friday. The Russian military said it’s seized of a strategic airport just outside Kyiv and the city off from the west. The assault, anticipated for weeks by the U.S. and Western allies, amounts to the largest ground war in Europe since World War II. Biden was to meet Friday morning with fellow leaders of NATO governments in what the White House described as an “extraordinary virtual summit” to discuss Ukraine.

The Biden administration will significantly loosen federal Covid mask guidelines on Friday, according to The Associated Press. Under the new recommendations from the Centers for Disease Control and Prevention, most Americans will no longer be advised to wear masks in indoor public settings. The move comes as the omicron variant-driven wave of infection in the U.S. has subsided. The latest seven-day average of new daily Covid cases of 74,750 is down 90% since January’s record highs of the pandemic.

The president is expected to announce Friday that he will nominate federal Judge Ketanji Brown Jackson to the Supreme Court. Biden has vowed to pick a Black woman to succeed liberal Justice Stephen Breyer, who plans to retire in the summer at the end of the court’s current term. There are currently three liberal justices and six conservatives.

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

The national average price of gasoline is up 2.9 cents at $3.572 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) reported earnings on 2/16/2022 after the market close with $0.84, beating estimates of $0.725 per share.

Walmart (WMT) reported earnings on 2/17/2022 before the market open with $1.53, beating estimates of $1.496 per share.

Home Depot (HD) reported earnings on 2/22/2022 before the market open with $3.21, beating estimates of $3.195 per share.

Salesforce (CRM) reports earnings on 3/1/2022 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 158.14 (-1.91%) is down -7.56% in 2022.

Financial Calendar

08:30 AM ET Core Durable Goods Orders (MoM) (Jan)
08:30 AM ET Core PCE Price Index (MoM) (Jan)
08:30 AM ET Core PCE Price Index (YoY) (Jan)
08:30 AM ET Durable Goods Orders (MoM) (Jan)
08:30 AM ET Durables Excluding Defense (MoM) (Jan)
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Jan)
08:30 AM ET PCE price index (MoM) (Jan)
08:30 AM ET PCE Price index (YoY) (Jan)
08:30 AM ET Personal Income (MoM) (Jan)
08:30 AM ET Personal Spending (MoM) (Jan)
08:30 AM ET Real Personal Consumption (MoM) (Jan)
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)
10:00 AM ET Pending Home Sales (MoM) (Jan)
10:00 AM ET Pending Home Sales Index (Jan)
11:00 AM ET Fed Monetary Policy Report
12:00 AM ET Dallas Fed PCE (Jan)
13:00 AM ET U.S. Baker Hughes Oil Rig Count
13:00 AM ET U.S. Baker Hughes Total Rig Count
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