Dow stocks hitting 52-week highs include Coca Cola (KO) 63.10 (+1.01%), Johnson & Johnson (JNJ) 182.23 (+2.60%), UnitedHealth (UNH) 531.75 (+2.70%%) and Walmart (WMT) 154.99 (+2.32%). Dow stock 52-week lows include Goldman Sachs (GS) 316.26 (-2.38%) and Home Depot (HD) 298.54 (-2.07%).

The Market

Premarket today, the Dow was indicated to open down -115 points.

Wednesday the Dow closed down -144.67 (-0.42%) at 34,496.51.

Year-to-date the Dow is down -5.07%.

There were 15 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) 531.75 (+2.70%), Johnson & Johnson (JNJ) 182.23 (+2.60%) and Walmart (WMT) 154.99 (+2.32%).

The Dow stock losers Wednesday were led by Salesforce (CRM) 200.82 (-4.44%), Microsoft (MSFT) 299.50 (-3.66%) and Visa (V) 219.01 (-3.13%).

The 10 YR yield is currently at 2.610%.

After a number of Fed officials called for more aggressive tightening to fight inflation, the central bank’s minutes from its March meeting indicated general agreement to shrink its massive balance sheet by $95 billion per month.

Bond yields rose Thursday after the government reported fewer-than-expected 166,000 weekly initial jobless claims. The 10-year Treasury yield was trading around three-year highs above 2.6% and was no longer inverted lower than the 2-year yield. However, the 5-year Treasury yield remained inverted, still higher than the 30-year yield. Historically, these inversions have happened before economic recessions. With the jobs market strong, the Fed may have room to slow the economy to fight inflation — threading the needle on its dual mandate of fostering maximum employment and controlling prices. The central bank is expected to hike rates at all six of its remaining meetings this year. The size of those increases are the question.

Ukraine on Thursday appealed to NATO for more weapons in its fight against Russia to help prevent further atrocities like those reported in Bucha, just outside of Kyiv. Western countries have provided Ukraine with portable anti-tank and anti-aircraft weapons, but they have been reluctant to supply aircraft, tanks or any other equipment that would require training to use.

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

The national average price of gasoline is down 1.1 cents at $4.153 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2022 after the market close with $0.87, beating estimates of $0.732 per share.
Walgreens (WBA) reported earnings on 3/31/2022 before the market open with $1.59, beating estimates of $1.389 per share.
JPMorgan (JPM) reports earnings on 4/13/2022 before the market open.
Goldman Sachs (GS) reports earnings on 4/14/2022 before the market open.
UnitedHealth (UNH) reports earnings on 4/14/2022 before the market open.
Johnson & Johnson (JNJ) reports earnings on 4/19/2022 before the market open.
Travelers (TRV) reports earnings on 4/19/2022 before the market open.
IBM (IBM) reports earnings on 4/19/2022 after the market close.
Procter & Gamble (PG) reports earnings on 4/20/2022 before the market open.
Dow (DOW) reports earnings on 4/21/2022 before the market open.
American Express (AXP) reports earnings on 4/22/2022 before the market open.
Honeywell (HON) reports earnings on 4/22/2022 before the market open.
Verizon (VZ) reports earnings on 4/22/2022 before the market open.
Coca Cola (KO) reports earnings on 4/25/2022 before the market open.
3M (MMM) reports earnings on 4/26/2022 before the market open.
Microsoft (MSFT) reports earnings on 4/26/2022 after the market close.
Visa (V) reports earnings on 4/26/2022 after the market close.
Boeing (BA) reports earnings on 4/27/2022 before the market open.
Amgen (AMGN) reports earnings on 4/27/2022 after the market close.
Caterpillar (CAT) reports earnings on 4/28/2022 before the market open.
McDonald’s (MCD) reports earnings on 4/28/2022 before the market open.
Merck (MRK) reports earnings on 4/28/2022 before the market open.
Apple (AAPL) reports earnings on 4/28/2022 after the market close.
Intel (INTC) reports earnings on 4/28/2022 after the market close.
Chevron (CVX) reports earnings on 4/29/2022 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 47.54 (-1.23%) is down -7.69% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg
09:00 AM ET FOMC Member Bullard Speaks
10:30 AM ET Natural Gas Storage
10:30 AM ET Treasury Secretary Yellen Speaks
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
14:00 PM ET Chicago Fed President Evans Speaks
14:00 PM ET FOMC Member Bostic Speaks
15:00 PM ET Consumer Credit (Feb)
16:05 PM ET FOMC Member Williams Speaks