Dow stocks hitting 52-week highs include Johnson & Johnson (JNJ) 182.12 (+0.20%), Coca Cola (KO) 63.83 (+0.61%), UnitedHealth (UNH) 545.96 (+1.68%) and Walmart (WMT) 157.41 (+0.56%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -125 points.

Friday the Dow closed up +137.55 (+0.40%) at 34,721.12.

Year-to-date the Dow is down -4.45%.

There were 18 Dow stocks up Friday.

The Dow stock winners Friday were led by Home Depot (HD) 311.11 (+2.76%), Goldman Sachs (GS) 321.39 (+2.30%) and JPMorgan (JPM) 133.49 (+1.83%).

The Dow stock losers Friday were led by Boeing (BA) 175.20 (-1.56%), Salesforce (CRM) 19717 (-1.49%) and Microsoft (MSFT) 296.97 (-1.46%).

The 10 YR yield is currently at 2.768%.

The DJIA has now fallen two weeks in a row. This week is a holiday shortened week.

The consumer price index for March is scheduled to be released Tuesday, followed by the producer price index a day later. The latest earnings season also is about to get underway, led by the major banks. JPMorgan (JPM) is set to post results Wednesday, and Goldman Sachs (GS) following on Thursday.

Bond yields ticker higher Monday morning, with the 10-year Treasury yield climbing 4 basis points to top 2.76%. The 5-year and 30-year rates remain inverted, which in late March happened for the first time since 2006 and added to fears of a possible recession. Bond yields, which move inversely to prices, have surged over the past month, as investors brace for more hawkish Fed policy.

Oil prices fell by more than 4% on Monday, sending U.S. benchmark West Texas Intermediate crude futures below $94 per barrel. International benchmark Brent dropped about 4.1% to around $98.50 per barrel. Crude has declined for the past two weeks, after the U.S. and other countries announced plans to release oil from their strategic reserves in an attempt to offset lost Russian supply. Covid lockdowns in China, which can weaken demand, also have weighed on oil prices.

Inflation in China came in hotter than expected for the month of March, as the world’s second-largest economy experiences its worst wave of Covid infections since the start of the coronavirus pandemic in early 2020. Major Chinese stock indexes fell on Monday, with the Shenzhen component and Shanghai composite dropping nearly 3.7% and 2.6%, respectively.

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

The national average price of gasoline is down two-tenths of a cent at $4.114 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

JPMorgan (JPM)

JPMorgan (JPM) 133.49 (+1.83%) is down -15.70% in 2022.

Financial Calendar

09:30 AM ET FOMC Member Bostic Speaks
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
12:40 PM ET Chicago Fed President Evans Speaks
13:00 PM ET 3-Year Note Auction