There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

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

Monday the Dow closed down -46.73 (-0.14%) at 32,798.40.

Year-to-date the Dow is down -9.74%.

Monday, (12) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Boeing (BA) 169.07 (+6.13%), Procter & Gamble (PG) 142.90 (+2.87%) and Intel (INTC) 36.96 (+1.79%).

The Dow stock losers Monday were led by Chevron (CVX) 160.51 (-2.00%), Caterpillar (CAT) 194.86 (-1.71%) and Travelers (TRV) 156.27 (-1.53%).

The 10 YR yield is currently at 2.580% and the VIX is at 24.04 (+5.21%).

Crude prices dropped Monday, as energy markets digest poor factory data from China and Japan, and prepare for OPEC and its oil-producing allies to decide September output later in the week. West Texas Intermediate futures, the U.S. oil benchmark, traded lower by roughly 1.5% on Monday, while international benchmark Brent crude futures fell around 1.1%. WTI and Brent declined for the second-straight month in July as recession concerns weighed on prices, their first two-month losing streak since October 2020. The group known as OPEC+ is set to meet Wednesday to discuss whether to keep September output plans steady or modestly increase production.

July’s nonfarm payrolls report is due out Friday morning. Investors are anticipating that key labor market announcement as they look for more insight into the health of the U.S. economy amid recession concerns.

Minneapolis Federal Reserve President Neel Kashkari said Sunday he’s focused inflation data, not the squabbling over whether the U.S. economy is in a recession. I think it is.

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

The national average price of gasoline is down 2.3 cents at $4.189 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) reported earnings on 6/30/22 before the market open with $0.96, beating estimates of $0.953 per share.

JPMorgan (JPM) reported earnings on 7/14/22 before the market open with $2.76, missing estimates of $2.854 per share.

UnitedHealth (UNH) reported earnings on 7/15/22 before the market open with $5.57, beating estimates of $5.243 per shaare.

Goldman Sachs (GS) reports earnings on 7/18/22 before the market open with $7.33, beating estimates of $6.992 per share.

IBM (IBM) reported earnings on 7/18/22 after the market close with $2.31, beating estimates of $2.288 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/22 before the market open with $2.59, beating estimates of $2.57 per share.

Dow (DOW) reported earnings on 7/21/22 before the market open with $2.31, beating estimates of $2.14 per share.

Travelers (TRV) reported earnings on 7/21/22 before the market open with $2.57, beating estimates of $1.998 per share.

American Express (AXP) reported earnings on 7/22/22 before the market open with $2.57, beating estimates of $2.371 per share.

Verizon (VZ) reported earnings on 7/22/22 before the market open with $1.31, missing estimates of $1.338 per share.

3M (MMM) reported earnings on 7/26/22 before the market open with $2.48, beating estimates of $2.407 per share.

Coca Cola (KO) reported earnings on 7/26/22 before the market open with $0.70, beating estimates of $0.673 per share.

McDonald’s (MCD) reported earnings on 7/26/22 before the market open with $2.55, beating estimates of $2.456 per share.

Microsoft (MSFT) reported earnings on 7/26/22 after the market close with $2.23, missing estimates of $2.284 per share.

Visa (V) reported earnings on 7/26/22 after the market close with $1.98, beating estimates of $1.739 per share.

Boeing (BA) reported earnings on 7/27/22 before the market open with -$0.37, missing estimates of $-$0.078 per share.

Honeywell (HON) reported earnings on 7/28/22 before the market open with $2.10, beating estimates of $2.027 per share.

Merck (MRK) reported earnings on 7/28/22 before the market open with $1.87, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 7/28/22 after the market close with $1.20, beating estimates of $1.138 per share.

Intel (INTC) reports earnings on 7/28/22 after the market close with $0.29, missing estimates of $0.689 per share.

Chevron (CVX) reported earnings on 7/29/22 before the market open with $55.95, beating estimates of $5.017 per share.

Procter & Gamble (PG) reported earnings on 7/29/22 before the market open with $1.21, missing estimates of $1.232 per share.

Caterpillar (CAT) reported earnings on 8/2/22 before the market open with $3.18, beating estimates of $2.996 per share.

Amgen (AMGN) reports earnings on 8/4/22 after the market close.

Disney (DIS) reports earnings on 8/10/22 after the market close.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 46.26 (+0.15%) is down -10.97% in 2022.

Financial Calendar

08:55 AM ET Redbook (YoY), 13.3%
10:00 AM ET Chicago Fed President Evans Speaks
10:00 AM ET JOLTs Job Openings (Jun), 11.000M, 11.254M
16:30 PM ET API Weekly Crude Oil Stock, -4.037M
18:45 PM ET FOMC Member Bullard Speaks