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 up +76 points.

Friday the Dow closed up +330.93 (+1.00%) at 33,375.49.

Year-to-date the Dow is up +0.69%.

Friday, (26) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Disney (DIS) 103.48 (+4.44%), Microsoft (MSFT) 240.22 (+3.57%) and Sales force (CRM) 151.25 (+3.31%).

The Dow stock losers Friday were led by Goldman Sachs (GS) 341.84 (-2.54%), Johnson & Johnson (JNJ) 168.74 (-0.47%) and Boeing (BA) 206.76 (-0.16%).

The 10 YR yield closed Friday at 3.478 (+2.51%) and the VIX at 19.85 (-3.27%). The 10 YR is currently at 3.528 and VIX is at 20.16 (+1.56%).

We have a lot of earnings this week (see earnmings section below) as they look ahead to next week’s policy-setting Federal Reserve meeting. The consensus points to the Fed raising rates by a quarter of a point, which is lower than recent increases, but markets will be tuned in especially to what Chairman Jerome Powell says about the central bank’s next steps.

No speeches from Fed officials are on the calendar ahead of the central bank policy meeting on Jan. 31 and Feb. 1. Investors, however, will monitor another batch of economic data, including the Fed’s preferred inflation measure, the personal consumption expenditure price index, due out Friday.

The rate-setting Federal Open Market Committee is set to convene Jan. 31-Feb. 1, with markets pricing in almost a 100% chance of a quarter-point increase in the central bank’s benchmark rate. Most prominently, Fed Governor Christopher Waller said Friday he sees a 0.25 percentage point increase as the preferred move for the upcoming meeting.

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

The national average price of gasoline is up +1.3 cents at $3.392 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/5/23 before the market open with $1.16, beating estimates of $1.145 per share.

JPMorgan (JPM) reported earnings on 1/13/23 before the market open with $3.57, beating estimates of $3.109 per share.

UnitedHealth (UNH) reported earnings on 1/13/23 before the market open with $5.34, beating estimates of $5.17 per share.

Goldman Sachs (GS) reported earnings on 1/17/23 before the market open with $3.32, missing estimates of $5.48 per share.

Procter & Gamble (PG) reported earnings on 1/19/23 before the market open with $1.59, beating estimates of $1.579 per share.

3M (MMM) reports earnings on 1/24/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/23 before the market open.

Microsoft (MSFT) reports earnings on 1/24/23 after the market close.

Travelers (TRV) reports earnings on 1/24/23 before the market open.

Verizon (VZ) reports earnings on 1/24/23 before the market open.

Boeing (BA) reports earnings on 1/25/23 before the market open.

IBM (IBM) reports earnings on 1/25/23 after the market close.

Intel (INTC) reports earnings on 1/25/23 after the market close.

McDonald’s (MCD) reports earnings on 1/26/23 before the market open.

Caterpillar (CAT) reports earnings on 1/26/23 before the market open.

Dow (DOW) reports earnings on 1/26/23 before the market open.

Apple (AAPL) reports earnings on 1/26/23 after the market close.

Visa (V) reports earnings on 1/26/23 after the market close.

American Express (AXP) reports earnings on 1/27/23 before the market open.

Chevron (CVX) reports earnings on 1/27/23 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 40.00 (-0.15%) is up +1.52% in 2023.

Financial Calendar

10:00 AM ET US Leading Index (MoM) (Dec), -0.7%, -1.0%
11:30 AM ET 3-Month Bill Auction, 4.560%
11:30 AM ET 6-Month Bill Auction, 4.685%
22:35 PM ET 52-Week Bill Auction, 4.515%