Dow stocks hitting 52-week highs include Coca Cola (KO) 65.02 (+0.45%) and UnitedHealth (UNH) 534.82 (-0.41%). Dow stock 52-week lows include JPMorgan (JPM) 126.12 (-0.93%).

The Market

Premarket today, the Dow was indicated to open down -44 points.

Thursday the Dow closed down -113.36 (-0.33%) at 34,451.23.

Year-to-date the Dow is down -5.19%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Nike (NKE) 133.46 (+4.68%), Caterpillar (CAT) 227.81 (+4.37%) and Dow (DOW) 65.49 (+2.07%).

The Dow stock losers Thursday were led by Salesforce (CRM) 189.41 (-3.22%), Apple (AAPL) 165.29 (-3.0%) and Intel (INTC) 45.67 (-2.85%).

The 10 YR yield is currently at 2.833%.

Johnson & Johnson (JNJ), Travelers (TRV), IBM (IBM), Procter & Gamble (PG), Dow (DOW), American Express (AXP) and Verizon (VZ) all report earnings this week.

China’s first-quarter gross domestic product grew a faster-than-expected 4.8% despite the impact of Covid lockdowns in March. Beginning last month, China struggled to contain its worst Covid outbreak since the initial phase of the pandemic in 2020. Three people have died as of Sunday, officials of locked-down Shanghai said, attributing the fatalities to preexisting health conditions. Shanghai began a two-stage lockdown and mass virus testing in late March that was supposed to stop after just over a week later. But authorities have yet to set an end date.

The 10-year Treasury yield reached on Monday it highest level since late 2018, trading above 2.87% at one point. The yield was at 1.71% to begin March, but has shot higher as the Federal Reserve pivoted to a more aggressive tightening stance. That change has weighed on stocks and triggered concerns about an impending recession.

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

The national average price of gasoline is up seven-tenths of a cent at $4.087 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) reported earnings on 4/13/2022 before the market open with $2.63, missing estimates of $2.734 per share.

Goldman Sachs (GS) reported earnings on 4/14/2022 before the market open with $10.76, beating estimates of $8.89 per share.

UnitedHealth (UNH) reported earnings on 4/14/2022 before the market open with $5.49, beating estimates of $5.401 per share.

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.

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.

Honeywell (HON) reports earnings on 4/29/2022 before the market open.

Disney (DIS) reports earnings on 5/11/2022 after the market close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 86.91 (+0.91%) is up +13.40% in 2022.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Apr)
11:00 AM ET IMF Meetings
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
16:00 PM ET FOMC Member Bullard Speaks