Dow stocks hitting 52-week highs include Merck (MRK) 93.83 (+0.30%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -190 points.

Monday the Dow closed up +618.34 (+1.98%) at 31,880.24.

Year-to-date the Dow is down -12.27%.

There were 27 Dow stocks up Monday.

The Dow stock winners Monday were led by JPMorgan (JPM) 124.60 (+6.19%), Visa (V) 207.56 (+4.29%) and Apple (AAPL) 143.11 (+4.01%).

The Dow stock losers Monday were Dow (DOW) 67.49 (-0.91%), Home Depot (HD) 286.03 (-0.40%) and Honeywell (HON) 189.58 (-0.09%).

The 10 YR yield is currently at 2.812% and the VIX closed Monday at 28.48 (-3.23%).

Dow futures are currently down -190 points Tuesday, poised to give back a chunk of Monday’s nearly 2% advance.

Bond prices are the beneficiaries of Tuesday’s premarket selling in stocks. With prices moving in the opposite direction of yields, the 10-year Treasury yield dropped to 2.812%.

Pretty quiet today other than the Dow being down premarket.

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

The national average price of gasoline is up two-tenths of a cent at $4.598 per gallon.

Earnings Reports

Disney (DIS) reported earnings on 5/11/2022 after the market close with $1.08, missing estimates of $1.196 per share.

Home Depot (HD) reported earnings on 5/17/2022 before the market open with $4.09, beating estimates of $3.659 per share.

Walmart (WMT) reported earnings on 5/17/2022 before the market open with $1.30, missing estimates of $1.462 per share.

Cisco (CSCO) reported earnings on 5/18/2022 after the market close with $0.87, beating estimates of $0.77 per share.

Salesforce (CRM) reports earnings on 5/31/2022 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 286.03 (-0.40%) is down -31.08% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Apr)
08:55 AM ET Redbook (YoY)
09:45 AM ET Manufacturing PMI (May)
09:45 AM ET Markit Composite PMI (May)
09:45 AM ET Services PMI (May)
10:00 AM ET New Home Sales (MoM) (Apr)
10:00 AM ET New Home Sales (Apr)
10:00 AM ET Richmond Manufacturing Index (May)
10:00 AM ET Richmond Manufacturing Shipments (May)
10:00 AM ET Richmond Services Index (May)
12:20 PM ET Fed Chair Powell Speaks
13:00 PM ET 2-Year Note Auction