There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Cisco (CSCO) 48.98 (-3.26%), Disney (DIS) 111.63 (-3.17%), Goldman Sachs (GS) 305.49 (-4.06%), Intel (INTC) 43.59 (-6.94%), JPMorgan (JPM) 119.36 (-3.23%), Verizon (VZ) 46.30 (-4.34%) and Walgreens (WBA) 42.40 (-4.78%).

The Market

Premarket today, the Dow was indicated to open up +99 points.

Friday the Dow closed down -939.18 (-2.77%) at 32,977.21.

Year-to-date the Dow is down -9.25%.

There were 2 Dow stocks up Friday.

The Dow stock winners Friday were led by Honeywell (HON) 193.51 (+1.89%) and Merck (MRK) 88.69 (+0.12%).

The Dow stock losers Friday were led by Intel (INTC) 43.59 (-6.94%), Salesforce (CRM) 1753.94 (-5.28%), Walgreens (WBA) 42.40 (-4.78%) and Verizon (VZ) 46.30 (-4.34%)

The 10 YR yield is currently at 2.988%.

The benchmark 10-year Treasury yield on Monday was making a run at 3% again, trading around its recent late 2018 high of 2.94%. The Fed’s two-day May meeting ends Wednesday, with expectations for a 50 basis point increase in interest rates. The market expects a rate hike of at least 25 basis points at each of the remaining five meetings this year to fight rampant inflation. The Fed raised rates by 25 basis points in March, the first such move in more than three years. U.S. oil prices, while falling 3% on Monday, were still above $100 per barrel.

Warren Buffett said that Berkshire Hathaway bought an additional $600 million worth of Apple shares following a three-day sell-off earlier last quarter. Buffett said: “Unfortunately the stock went back up, so I stopped. Otherwise who knows how much we would have bought.”

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

The national average price of gasoline is up seven-tenths of a cent at $4.194 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) reported earnings on 4/19/2022 before the market open with $2.67, beating estimates of $2.597 per share.

Travelers (TRV) reported earnings on 4/19/2022 before the market open with $4.22, beating estimates of $3.701 per share.

IBM (IBM) reported earnings on 4/19/2022 after the market close with $1.40, beating estimates of $1.344 per share.

Procter & Gamble (PG) reported earnings on 4/20/2022 before the market open with $1.33, beating estimates of $1.284 per share.

Dow (DOW) reports earnings on 4/21/2022 before the market open with $2.34, beating estimates of $2.018 per share.

American Express (AXP) reported earnings on 4/22/2022 before the market open with $2.73, beating estimates of $1.435 per share.

Verizon (VZ) reported earnings on 4/22/2022 before the market open with $1.35, inline with estimates of $1.347 per share.

Coca Cola (KO) reported earnings on 4/25/2022 before the market open with $0.64, beating estimates of $0.576 per share.

3M (MMM) reports earnings on 4/26/2022 before the market open with $2.65, beating estimates of $2.332 per share.

Microsoft (MSFT) reports earnings on 4/26/2022 after the market close with $2.22, beating estimates of $2.179 per share.

Visa (V) reports earnings on 4/26/2022 after the market close with $1.79, beating estimates of $1.645 per share.

Boeing (BA) reports earnings on 4/27/2022 before the market open with -$2.75, beating estimates of -$0.262 per share.

Amgen (AMGN) reports earnings on 4/27/2022 after the market close with $4.25, beating estimates of $4.216 per share.

Caterpillar (CAT) reports earnings on 4/28/2022 before the market open with $2.88, beating estimates of $2.663 per share.

McDonald’s (MCD) reports earnings on 4/28/2022 before the market open with $2.28, beating estimates of $2.18 per share.

Merck (MRK) reports earnings on 4/28/2022 before the market open with $2.14, beating estimates of $1.814 per share.

Apple (AAPL) reports earnings on 4/28/2022 after the market close with $1.52, beating estimates of $1.43 per share.

Intel (INTC) reports earnings on 4/28/2022 after the market close with $0.87, beating estimates of $0.802 per share.

Chevron (CVX) reports earnings on 4/29/2022 before the market open with $3.36, missing estimates of $3.442 per share.

Honeywell (HON) reports earnings on 4/29/2022 before the market open with $1.91, beating estimates of $1.858 per share.

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

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 46.30 (-4.34%) is down -10.89% in 2022.

Financial Calendar

09:45 AM ET Manufacturing PMI (Apr)
10:00 AM ET Construction Spending (MoM) (Mar)
10:00 AM ET ISM Manufacturing Employment (Apr)
10:00 AM ET ISM Manufacturing New Orders Index (Apr)
10:00 AM ET ISM Manufacturing PMI (Apr)
10:00 AM ET ISM Manufacturing Prices (Apr)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
18:00 PM ET Dallas Fed PCE (Mar)