Dow stocks hitting 52-week highs include Chevron (CVX) 178.28 (+0.96%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -172 points.

Friday the Dow closed up +575.77 (+1.76%) at 32,212.96.

Year-to-date the Dow is down -8.60%.

All 30 Dow stocks were up Friday.

The Dow stock winners Friday were led by Apple (AAPL) 149.64 (+4.08%), Boeing (BA) 132.23 (+3.52%), Disney (DIS) 109.32 (+3.51%), Dow (DOW) 69.06 (+2.86%), Microsoft (MSFT) 273.24 (+2.76%) and Nike (NKE) 115.99 (+2.70%).

The Dow stock losers Friday were not to be found.

The 10 YR yield is currently at 2.867% and the VIX closed Friday at 25.72 (-6.47%).

The Dow Jones Industrial Average rose 6.5% last week, their best weekly advance since November 2020.

Crude prices rose Tuesday, as European Union leaders reached a deal late Monday to ban about 90% of Russian oil imports by the end of the year. U.S. benchmark West Texas Intermediate crude futures for July climbed more than 3%, trading as high as $119.43 per barrel. The August contract for international benchmark Brent crude was higher by about 1.65% to $119.54 per barrel. The EU’s latest sanctions package, which still needs to be finalized, is the bloc’s sixth targeting Russia over its invasion of Ukraine in late February. About three-quarters of Russia’s crude imports will be immediately impacted, according to EU estimates, rising to 90% by year-end. A Russian official said Moscow will “find other importers” for its oil in response to the EU’s partial embargo.

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

The national average price of gasoline is up three-tenth of a cent at $4.622 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

Intel (INTC)

Johnson & Johnson (JNJ) 181.09 (+0.91%) is up +5.86% in 2022.

Financial Calendar

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09:45 AM ET Chicago PMI (May)
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10:30 AM ET Dallas Fed Mfg Business Index (May)
11:30 AM ET 3-Month Bill Auction
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