Dow stocks hitting 52-week highs include Merck (MRK) 94.41 (+1.37%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +147 points.

Monday the Dow closed down -62.42 (-0.20%) at 31,438.26.

Year-to-date the Dow is down -13.48%.

There were 9 Dow stocks up Monday.

The Dow stock winners Monday were led by UnitedHealth (UNH) 505.66 (+2.02%), Chevron (CVX) 147.57 (+1.93%) and Merck (MRK) 94.41 (+1.37%).

The Dow stock losers Monday were led by (Salesforce (CRM) 181.31 (-2.48%), Nike (NKE) 110.50 (-2.13%) and Boeing (BA) 138.72 (-1.99%).

The 10 YR yield is currently at 3.219% and the VIX is at 26.88 (-0.26%).

Stocks look like they want to go higher today. The June consumer confidence report is due at 10 a.m. ET and S&P Case-Shiller is slated to report on the rate of home price growth in April.

Nike (NKE) posted quarterly earnings and revenue Monday that surpassed Wall Street’s expectations, even as the company grappled with skyrocketing inflation in the U.S., a war-addled European market and tight Covid lockdowns in China. Investors aren’t impressed, however. Shares of Nike fell in premarket trading. The shoe and sportswear maker said it’s still dealing with major problems in the supply chain, including longer shipping times and elevated transportation costs.

Goldman Sachs (GS) announced a 25% dividend increase after passing their annual Federal Reserve stress test. JPMorgan (JPM), decided to keep their dividend levels flat, despite passing the stress test.

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

The national average price of gasoline is down 1.6 cents at $4.881 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/22 after the market close with $0.90, beating estimates of $0.812 per share.

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

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 138.72 (-1.99%) is down -31.10% in 2022.

Financial Calendar

08:30 AM ET Goods Trade Balance (May)
08:30 AM ET Retail Inventories Ex Auto (May)
08:30 AM ET Wholesale Inventories (MoM)
08:55 AM ET Redbook (YoY)
09:00 AM ET House Price Index (YoY) (Apr)
09:00 AM ET House Price Index (MoM) (Apr)
09:00 AM ET House Price Index (Apr)
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Apr)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Apr)
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Apr)
10:00 AM ET CB Consumer Confidence (Jun)
10:00 AM ET Richmond Manufacturing Index (Jun)
10:00 AM ET Richmond Manufacturing Shipments (Jun)
10:00 AM ET Richmond Services Index (Jun)
10:30 AM ET Dallas Fed Services Revenues (Jun)
10:30 AM ET Texas Services Sector Outlook (Jun)
13:00 AM ET 7-Year Note Auction
16:30 PM ET API Weekly Crude Oil Stock