There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 35.39 (-0.76%).

The Market

Premarket today, the Dow was indicated to open up +149 points.

Friday the Dow closed up +76.65 (+0.23%) at 32,803.47.

Year-to-date the Dow is down -9.73%.

Friday, (16) of the Dow 30 stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by JPMorgan (JPM) 115.76 (+3.03%), Chevron (CVX) 153.64 (+1.65%) and Verizon (VZ) 44.95 (+1.17%).

The Dow stock losers Friday were led by Disney (DIS) 106.63 (-1.38%), Boeing (BA) 165.04 (-0.88%) and Cicso (CSCO) 45.01 (-0.82%).

The 10 YR yield is currently at 2.801% and the VIX is at 21.74 (+2.79%).

Markets will also get a fresh read on inflation this week as the latest consumer price index is slated to be released Wednesday, and economists expect it to show a slight slowdown in the red-hot rate of inflation.

Senate Democrats, relying on Vice President Kamala Harris’ tiebreaking vote amid unanimous Republican opposition, finally passed a reconciliation package including provisions to battle climate change and bolster health care. The $430 billion bill ended up much smaller than what President Joe Biden and Democratic leaders were looking for, but the party is touting it as a huge victory ahead of the midterm elections this fall. The party in power tends to lose seats in Congress during a president’s first term, and with inflation raging and Biden’s approval ratings in the gutter, Democrats are in danger of ceding control of both chambers. The House is slated to vote on legislation and send it to Biden later this week.

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

The national average price of gasoline is down 1 cent at $4.059 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 with $4.65, beating estimates of $4.405 per share.

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

Home Depot (HD) reports earnings on 8/16/22 before the market open.

Walmart (WMT) reports earnings on 8/16/22 before the market open.

Cisco (CSCO)) reports earnings on 8/17/22 after the market close.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 246.25 (-0.30%) is up +9.46% in 2022.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Jul), 119.38
11:30 AM ET 3-Month Bill Auction, 2.490%
11:30 AM ET 6-Month Bill Auction, 2.850%
23:35 PM ET 6-Month Bill Auction, 2.850%