There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Johnson & Johnson (JNJ) 155.97 (-1.12%) and 3M (MMM) 107.80 (-1.02%).

The Market

Premarket today, the Dow was indicated to open up +225 points.

Friday the Dow closed down -336.99 (-1.02%) at 32,816.92. .

Year-to-date the Dow is down -1.00%.

Friday, (6) Dow stocks were up, (2) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Dow (DOW) 57.79 (+1.05%), JPMorgan (JPM) 140.93 (+0.90%) and Verizon (VZ) 38.74 (+0.55%).

The Dow stock losers Friday were led by Boeing (BA) 198.15 (-4.80%), Microsoft (MSFT) 249.22 (-2.18%) and Intel (INTC) 25.14 (-1.84%).

The 10 YR yield closed Thursday at 3.951 and the VIX at 21.67 (+2.51%). The 10 YR is currently at 3.931 (-0.56%) and VIX is at 21.40 (-1.25%).

U.S. equity futures rose Monday, as investors look ahead to another big week in retail earnings.

Stocks sank Friday and Treasury yields jumped following a bigger-than-expected increase in the latest reading for personal consumption expenditures, the Federal Reserve’s preferred inflation gauge.

Durable goods orders tumbled in January, indicating that consumers are pulling back spending on big-ticket items. Sales of long-lasting goods like appliances, TVs and autos slid 4.5% for the month, worse than even the Dow Jones estimate for a 3.6% decline. That came on the heels of a 5.1% increase in December. Excluding a sharp decline in transportation, new orders actually increased 0.7%. However, excluding defense, orders were down 5.1%. A 13.3% slide in transportation equipment propelled the big decline.

The 2-year yield added to its February gains Monday, reaching 4.8% on the day. That’s its highest level since July 2007. Short-term rates have been moving higher this month as traders fret over the possibility of tighter monetary policy for longer than anticipated.

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

The national average price of gasoline is down three-tenths of a cent at $3.365 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) reported earnings on 1/24/23 before the market open with $2.349, beating estimates of $2.28 per share.

Johnson & Johnson (JNJ) reported earnings on 1/24/23 before the market open with $2.22, missing estimates of $2.35 per share.

Travelers (TRV) reported earnings on 1/24/23 before the market open with $3.40, meeting estimates of $3.40 per share.

Microsoft (MSFT) reported earnings on 1/24/23 after the market close with $2.32, beating estimates of $2.27 per share.

Verizon (VZ) reported earnings on 1/24/23 after the market close with $1.19, missing estimates of $1.202 per share.

Boeing (BA) reported earnings on 1/25/23 before the market open with -$1.75, missing estimates of $0.05 per share.

IBM (IBM) reported earnings on 1/25/23 after the market close with $3.60, missing estimates of $43.60 per share.

Dow (DOW) reported earnings on 1/26/23 before the market open with $0.46, missing estimates of $0.569 per share.

Intel (INTC) reported earnings on 1/26/23 after the market close with $0.10, missing estimates of $0.201 per share.

Visa (V) reported earnings on 1/26/23 after the market close with $2.18, beating estimates of $2.007 per share.

American Express (AXP) reported earnings on 1/27/23 before the market open with $2.07, missing estimates of $2.183 per share.

Chevron (CVX) reported earnings on 1/27/23 before the market open with $4.09, missing estimates of $4.158 per share.

McDonald’s (MCD) reported earnings on 1/31/23 before the market open with $2.59, beating estimates of $2.455 per share.

Caterpillar (CAT) reported earnings on 1/31/23 before the market open with $3.86, missing estimates of $3.945 per share.

Amgen (AMGN) reported earnings on 1/31/23 after the market close with $4.09, beating estimates of $4.036 per share.

Honeywell (HON) reported earnings on 2/2/23 before the market open with $2.52, beating estimates of $2.487 per share.

Merck (MRK) reported earnings on 2/2/23 before the market open with $1.62, beating estimates of $1.56 per share.

Apple (AAPL) reported earnings on 2/2/23 after the market close with $1.88, missing estimates of $1.931 per share.

Disney (DIS) reports earnings on 2/8/23 after the market close with $0.99, beating estimates of $0.693 per share.

Coca Cola (KO) reported earnings on 2/14/23 before the market open with $0.47, beating estimates of $0.447 per share.

Cisco (CSCO) reported earnings on 2/15/23 after the market close with $0.88, beating estimates of $0.759 per share.

Home Depot (HD) reported earnings on 2/21/23 before the market open with $3.30, beating estimates of $3.262 per share.

Walmart (WMT) reported earnings on 2/21/23 before the market open with $1.91, beating estimates of $1.517 per share.

Salesforce (CRM) reports earnings on 3/1/23 after the market close.

Nike (NKE) reports earnings on 3/20/23 after the market close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 109.89 (-0.63%) is down -0.96% in 2023.

Financial Calendar

08:30 AM ET Core Durable Goods Orders (MoM) (Jan), 0.1%, -0.2%
08:30 AM ET Durable Goods Orders (MoM) (Jan), -4.0%, 5.6%
08:30 AM ET Durables Excluding Defense (MoM) (Jan), 6.2%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Jan), -0.1%
10:00 AM ET Pending Home Sales (MoM) (Jan), 1.0%, 2.5%
10:00 AM ET Pending Home Sales Index (Jan), 76.9
10:30 AM ET Dallas Fed Mfg Business Index (Feb), -8.4
11:30 AM ET 3-Month Bill Auction, 4.720%
11:30 AM ET 6-Month Bill Auction, 4.915%