There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include UnitedHealth (UNH) 409.23 (-2.56%).

The Market

Premarket today, the Dow was indicated to be down -392 points.

Tuesday the Dow closed up +300.03 (+0.75%) at 40,527.62.

Year-to-date the Dow is down -4.74%.

Tuesday, (25) Dow stocks were up, (1) made 52-week lows, and none made 52-week highs.

The Dow stock winners Tuesday were led by Honeywell (HON) 211.49 (+5.40%), Sherwin Williams (SHW) 348.13 (+4.80%) and AMgen (AMGN) 288.56 (+1.93%).

The Dow stock losers Monday were led by UnitedHealth (UNH) 409.23 (-2.56%), McDonald’s (MCD) 314.50 (-0.73%) and Chevron (CVX) 139.30 (-0.57%).

The VIX closed Monday at 24.17 (-3.90%) and the 10 YR at 4.165 (-1.19%). The VIX is currently at 26.51 (+9.68%). The 10YR is at 4.169 (+0.10%).

The U.S. economy contracted in the first three months of 2025, fueling recession fears at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war. Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized pace, according to a Commerce Department report Wednesday adjusted for seasonal factors and inflation. This was the first quarter of negative growth since Q1 of 2022. Economists had been looking for a gain of 0.4% after GDP rose by 2.4% in the fourth quarter of 2024. Imports surged by 41% in the last quarter, subtracting from GDP, as companies sought to get ahead of Trump’s global trade fight.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions. The total marked a deceleration from the downwardly revised gain of 147,000 in March and missed the consensus estimate for an increase of 120,000.

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

The national average price of gasoline is up 2.2 cents at $3.182 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/20/25 after the market close with $0.54, beating estimates of $0.279 per share.

JPMorgan (JPM) reports earnings on 4/11/25 before the market open with $5.07, beating estimates of $4.623 per share.

Goldman Sachs (GS) reports earnings on 4/14/25 before the market open with $14.12, beating estimates of $12.35 per share.

Johnson & Johnson (JNJ) reports earnings on 4/15/25 before the market open with $2.77, beating estimates of $2.567 per share.

Travelers (TRV) reports earnings on 4/16/25 before the market open with $1.91, beating estimates of $0.685 per share.

American Express (AXP) reports earnings on 4/17/25 before the market open with $3.64, beating estimates of $3.46 per share.

UnitedHealth (UNH) reports earnings on 4/17/25 before the market open with $7.20, missing estimates of $7.271 per share.

3M (MMM) reports earnings on 4/22/25 before the market open with $1.88, beating estimates of $1.765 per share.

Verizon (VZ) reports earnings on 4/22/25 before the market open with $1.19, beating estimates of $1.149 per share.

Boeing (BA) reports earnings on 4/23/25 before the market open with -$0.49, beating estimates of -$1.54 per share.

IBM (IBM) reports earnings on 4/23/25 after the market close with $1.60, beating estimates of $1.42 per share.

Merck (MRK) reports earnings on 4/24/25 before the market open with $2.22, beating estimates of $2.154 per share.

Procter & Gamble (PG) reports earnings on 4/24/25 before the market open with $1.54, meeting estimates of $1.535 per share.

Coca Cola (KO) reports earnings on 4/29/25 before the market open with $0.73, beating estimates of $0.712 per share.

Honeywell (HON) reports earnings on 4/29/25 before the market open with $2.51, beating estimates of $2.205 per share.

Sherwin Williams (SHW) reports earnings on 4/29/25 before the market open with $2.25, beating estimates of $2.18 per share.

Visa (V) reports earnings on 4/29/25 after the market close with $2.76, beating estimates of $2.677 per share.

Caterpillar (CAT) reports earnings on 4/30/25 before the market open with $4.25, missing estimates of $4.302 per share.

Microsoft (MSFT) reports earnings on 4/30/25 after the market close.

McDonald’s (MCD) reports earnings on 5/1/25 before the market open.

Amazon (AMZN) reports earnings on 5/1/25 after the market close.

Apple (AAPL) reports earnings on 5/1/25 after the market close.

Amgen (AMGN) reports earnings on 5/1/25 after the market close.

Chevron (CVX) reports earnings on 5/2/25 before the market open.

Disney (DIS) reports earnings on 5/7/25 before the market open.

Cisco (CSCO) reports earnings on 5/14/25 after the market close.

Walmart (WMT) reports earnings on 5/15/25 before the market open.

Home Depot (HD) reports earnings on 5/20/25 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 267.02 (+0.78%) is down -10.03% in 2025.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.90%
07:00 AM ET MBA Mortgage Applications (WoW), -12.7%
07:00 AM ET MBA Purchase Index, 153.4
07:00 AM ET Mortgage Market Index, 233.5
07:00 AM ET Mortgage Refinance Index, 673.6
08:15 AM ET ADP Nonfarm Employment Change (Apr), 123K, 155K
08:30 AM ET Core PCE Prices (Q1), 2.60%
08:30 AM ET Employment Benefits (QoQ) (Q1), 0.80%
08:30 AM ET Employment Cost Index (QoQ) (Q1), 0.9%, 0.9%
08:30 AM ET Employment Wages (QoQ) (Q1), 0.90%
08:30 AM ET GDP (QoQ) (Q1), 0.4%, 2.4%
08:30 AM ET GDP Price Index (QoQ) (Q1), 3.0%, 2.3%
08:30 AM ET GDP Sales (Q1), 3.3%
08:30 AM ET PCE Prices (Q1), 2.4%
08:30 AM ET Real Consumer Spending (Q1), 4.0%
09:00 AM ET Dallas Fed PCE (Mar), 3.00%
09:45 AM ET Chicago PMI (Apr), 45.9, 47.6
10:00 AM ET Core PCE Price Index (MoM) (Mar), 0.1%, 0.4%
10:00 AM ET Core PCE Price Index (YoY) (Mar), 2.6%, 2.8%
10:00 AM ET PCE Price index (YoY) (Mar), 2.2%, 2.5%
10:00 AM ET PCE price index (MoM) (Mar), 0.0%, 0.3%
10:00 AM ET Pending Home Sales (MoM) (Mar), 0.9%, 2.0%
10:00 AM ET Pending Home Sales Index (Mar), 72.0
10:00 AM ET Personal Income (MoM) (Mar), 0.4%, 0.8%
10:00 AM ET Personal Spending (MoM) (Mar), 0.6%, 0.4%
10:00 AM ET Real Personal Consumption (MoM) (Mar), 0.1%
10:30 AM ET Crude Oil Inventories, 0.244M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.325M
10:30 AM ET Crude Oil Imports, 1.139M
10:30 AM ET Cushing Crude Oil Inventories, -0.086M
10:30 AM ET Distillate Fuel Production, -0.062M
10:30 AM ET EIA Weekly Distillates Stocks, -2.353M
10:30 AM ET Gasoline Production, 0.661M
10:30 AM ET Heating Oil Stockpiles, -0.021M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.8%
10:30 AM ET Gasoline Inventories, -4.476M
13:00 PM ET Atlanta Fed GDPNow (Q2), -2.7%