Dow stocks hitting 52-week highs include Travelers (TRV) 177.18 (+1.99%). Dow stock 52-week lows include Disney (DIS) 129.03 (-2.06%) and Nike (NKE) 117.57 (-4.13%).

The Market

Premarket today, the Dow was indicated to open up +131 points.

Monday the Dow closed up +1.05 (+0.00%) at 32,945.24.

Year-to-date the Dow is down -9.34%.

There were 15 Dow stocks up Monday.

The Dow stock winners Monday were led by American Express (AXP) 172.79 (+2.91%), Travelers (TRV) 177.18 (+1.99%) and Visa (V) 200.33 (+1.84%).

The Dow stock losers Monday were led by Nike (NKE) 117.57 (-4.13%), Intel (INTC) 44.40 (-3.12%) and Apple (AAPL) 150.62 (-2.66%).

The 10 YR yield is currently at 2.102%.

The FOMC meeting begins today.

Oil traded lower Tuesday, extending its recent downward trend after the Russia-Ukraine war sparked shortage concerns and caused prices to skyrocket. West Texas Intermediate crude futures, the U.S. oil benchmark, fell about 6% to trade below $97 per barrel, its lowest level since March 1. Just over a week ago, WTI briefly hit $130. International benchmark Brent crude traded around $100.67 per barrel Tuesday, down nearly 6% on the session. On March 7, Brent touched $139.13 per barrel, its highest price since July 2008.

Tuesday, Russian and Ukrainian officials are scheduled to resume cease-fire negotiations after they were paused Monday. China’s foreign minister, Wang Yi, also indicated Beijing wants to avoid being impacted by the economic sanctions the U.S. has imposed on its ally Russia. The U.S. and China held “intense” diplomatic talks a day earlier. Washington has warned China that it could face penalties if it helped Russia work around any U.S. sanctions.

In mainland China, the Shenzhen component tumbled 4.36% to close at 11,537.24, while the Shanghai composite fell nearly 5% to end the day at 3,063.97. The indexes fell 3% and 2.6%, respectively, on Monday.

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

The national average price of gasoline is down nine-tenths of a cent at $4.316 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 3/21/2022 after the market close

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 52.50 (-1.02%) is up +1.04% in 2022.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:30 AM ET Core PPI (MoM) (Feb)
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08:30 AM ET NY Empire State Manufacturing Index (Mar)
08:30 AM ET PPI (YoY) (Feb)
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08:55 AM ET Redbook (YoY)
16:00 PM ET US Foreign Buying, T-bonds (Jan)
16:00 PM ET Overall Net Capital Flow (Jan)
16:00 PM ET TIC Net Long-Term Transactions (Jan)
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Jan)
16:30 PM ET API Weekly Crude Oil Stock