Dow stocks hitting 52-week highs include Goldman Sachs (GS) 640.40 (-0.82%), JPMorgan (JPM) 267.30 (-0.35%), 3M (MMM) 152.20 (-1.42%), Visa (V) 341.80 (-0.56%) and Walmart (EMT) 98.16 (-0.50%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -664 points.

Friday the Dow closed down -337.47 (-0.75%) at 44,544.66.

Year-to-date the Dow is up +4.70%.

Friday, (4) Dow stocks were up, none made 52-week lows, and (5) made 52-week highs.

The Dow stock winners Friday were led by Amazon (AMZN) 237.68 (+1.30%), Amgen (AMGN) 285.42 (+0.49%) and Cisco (CSCO) 60.60 (+0.21%). 16.

The Dow stock losers Friday were led by Chevron (CVX) 149.19 (-4.56%), Nvidia (NVDA) 120.07 (-3.67%) and Sherwin Williams (SHW) 358.16 (-2.02%).

The VIX closed Friday at 16.43 (+3.73%) and the 10 YR at 4.540 (+0.46%). The VIX is currently at 19.71 (+19.96%). The 10YR is at 4.511 (-1.05%).

U.S. stock futures plunged Monday after President Donald Trump imposed tariffs on China, Mexico and Canada. Those are our three largest U.S. trading partners. Trump slapped 25% tariffs on goods from Canada and Mexico and 10% duties on imports from China. He put a 10% levy on Canadian oil. Trump said he imposed the tariffs to push the countries to curb the number of migrants coming into the U.S. and stop the flow of the deadly synthetic opioid fentanyl – though the president has long backed import controls as a purely economic tool. Canada quickly retaliated with 25% tariffs on $155 billion in U.S. goods, including beer, Kentucky bourbon and orange juice. Mexico said it also would respond in kind, and China said it would file a lawsuit with the World Trade Organization. The trade war could widen: Trump also threatened tariffs on the European Union and United Kingdom. The tariffs threaten to raise operating costs for a range of U.S. companies that operate in the integrated North American supply chain, and increase prices for consumers if businesses choose to pass on those costs. The potential goods affected touch many parts of everyday life: cars, gasoline, furniture, shoes, toys, beer, avocados and french fries, among others.

This week we get earnings from Merck, Amgen, Disney, Honeywell and Amazon.

The U.S. dollar rose on Monday as President Donald Trump’s tariffs on Mexico, Canada and China raised concerns of a global trade war, with the dollar index gaining almost 1%.

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

The national average price of gasoline is unchanged at $3.098 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/24 after the market close with $0.78, beating estimates for $0.63 per share.

JPMorgan (JPM) reported earnings on 1/15/25 before the market open with $4.81, beating estimates for $4.025 per share.

Goldman Sachs (GS) reported earnings on 1/15/25 before the market open with $7.99 per share.

UnitedHealth (UNH) reported earnings on 1/16/25 before the market open with $6.81, beating estimates for $6.708 per share.

3M (MMM) reported earnings on 1/21/25 before the market open with $1.68, beating estimates for $1.661 per share.

Johnson & Johnson (JNJ) reports earnings on 1/22/25 before the market open with $2.04, beating estimates for $2.003 per share.

Procter & Gamble (PG) reports earnings on 1/22/25 before the market open with $1.88, beating estimates for $1.863 per share.

Travelers (TRV) reported earnings on 1/22/25 before the market open with $9.15, beating estimates for $6.562 per share.

American Express (AXP) reported earnings on 1/24/25 before the market open with $3.04, beating estimates for $3.029 per share.

Verizon (VZ) reported earnings on 1/24/25 before the market open with $1.10, beating estimates for $1.094 per share.

Boeing (BA) reported earnings on 1/28/25 before the market open with -$5.90, missing estimates for -$3.221 per share.

IBM (IBM) reported earnings on 1/29/25 after the market close with $3.90, beating estimates for $3.728 per share.

Microsoft (MSFT) reported earnings on 1/29/25 after the market close with $3.23, beating estimates for $3.11 per share.

Caterpillar (CAT) reported earnings on 1/30/25 before the market open with $5.14, beating estimates for $4.967 per share.

Visa (V) reported earnings on 1/30/25 after the market close with $2.75, beating estimates for $2.659 per share.

Sherwin Williams (SHW) reported earnings on 1/30/25 before the market open with $2.09, beating estimates for $2.069 per share.

Apple (AAPL) reported earnings on 1/30/25 after the market close with $2.40, beating estimates for $2.355 per share.

Chevron (CVX) reported earnings on 1/31/25 before the market open with $2.06, missing estimates for $2.191 per share.

Merck (MRK) reports earnings on 2/4/25 before the market open.

Amgen (AMGN) reports earnings on 2/4/25 after the market close.

Disney (DIS) reports earnings on 2/5/25 before the market open.

Honeywell (HON) reports earnings on 2/6/25 before the market open.

Amazon (AMZN) reports earnings on 2/6/25 after the market close.

McDonald’s (MCD) reports earnings on 2/10/25 before the market open.

Coca Cola (KO) reports earnings on 2/11/25 before the market open.

Cisco (CSCO) reports earnings on 2/12/25 after the market close.

Walmart (WMT) reports earnings on 2/20/25 before the market open.

Home Depot (HD) reports earnings on 2/25/25 before the market open.

Nvidia (NVDA) reports earnings on 2/26/25 after the market close.

Salesforce (CRM) reports earnings on 2/26/25 after the market close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 60.60 (+0.21%) is up +2.37% in 2025.

Financial Calendar

05:00 AM ET OPEC Meeting
09:00 AM ET Dallas Fed PCE (Dec), 1.80%
09:45 AM ET S&P Global Manufacturing PMI (Jan), 50.1, 49.4
10:00 AM ET Construction Spending (MoM) (Dec), 0.3%, 0.0%
10:00 AM ET ISM Manufacturing Employment (Jan), 45.4
10:00 AM ET ISM Manufacturing New Orders Index (Jan), 52.1
10:00 AM ET ISM Manufacturing PMI (Jan), 49.3, 49.2
10:00 AM ET ISM Manufacturing Prices (Jan), 52.6, 52.5
11:30 AM ET 3-Month Bill Auction, 4.195%
11:30 AM ET 6-Month Bill Auction, 4.140%
12:30 AM ET FOMC Member Bostic Speaks
13:00 AM ET Atlanta Fed GDPNow (Q1), 2.9%, 2.9%
14:00 AM ET Loan Officer Survey