There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Goldman Sachs (GS) 279.79 (-1.82%), Intel (INTC) 36.97 (-0.99%), 3M (MMM) 129.84 (-0.84%) and Visa (V) 190.01 (+0.51%).

The Market

Premarket today, the Dow was indicated to open up +426 points.

Friday the Dow closed down -38.29 (-0.13%) at 29,888.78.

Year-to-date the Dow is down -17.75%.

There were 13 Dow stocks up Friday.

The Dow stock winners Friday were led by American Express (AXP) 144.18 (+4.86%), Boeing (BA) 136.80 (+2.58%) and Salesforce (CRM) 163.26 (+2.13%).

The Dow stock losers Friday were led by Chevron (CVX) 148.38 (-4.57%), Walmart (WMT) 118.29 (-1.93%) and Goldman Sachs (GS) 279.79 (-1.82%).

The 10 YR yield is currently at 3.300% and the VIX is at 30.36 (-2.47%).

The Dow closed under 30,000 again on Friday and lost 4.8% last week. That’s the weakest weekly performance for the 30-stock average since October 2020.

Following last week’s biggest Federal Reserve interest rate hike since 1994 to fight inflation, Fed Chairman Jerome Powell is set deliver his semiannual monetary policy report to Congress on Wednesday and Thursday.

West Texas Intermediate crude, the American oil benchmark, rose 2% on Tuesday to roughly $110 per barrel, sparking a strong premarket rally in energy stocks. However, WTI sank more than 9% last week, breaking a seven-week winning streak and settling Friday about 15% below its 13-year highs in early March of $130.50. Seesawing worries about supply and demand due to geopolitical factors including Russia’s war in Ukraine and China’s rolling Covid mitigation lockdowns and restrictions have kept oil and gasoline elevated.

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

The national average price of gasoline is down 1.3 cents at $4.968 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/27/22 after the market close.

Walgreens (WBA) reports earnings on 6/30/22 before the market open.

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 39.32 (-0.88%) is down -32.66% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (May)
10:00 AM ET Existing Home Sales (MoM) (May)
10:00 AM ET Existing Home Sales (May)
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction