Dow stocks hitting 52-week highs include Boeing (BA) 204.72 (+0.64%). Dow stock 52-week lows include Merck (RK) 73.47 (-4.12%) and UnitedHealth (UNH) 308.01 (-1.08%).

The Market

Premarket today, the Dow was indicated to be down -191 points.

Wednesday the Dow closed down -89.37 (-0.21%) at 42,051.06.

Year-to-date the Dow is down -1.16%.

Wednesday, (100) Dow stocks were up, (2) made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Wednesday were led by Nvidia (NVDA) 129.93 (+5.63%), Caterpillar (CAT) 352.54 (+2.92%) and Boeing (BA) 203.42 (+2.46%).

The Dow stock losers Wednesday were led by UnitedHealth (UNH) 311.38 (-17.79%), Merck (MRK) 76.63 (-4.72%) and Johnson & Johnson (JNJ) 148.44 (-3.70%).

The VIX closed Wednesday at 18.62 (+2.20%) and the 10 YR at 4.527 (+0.04%). The VIX is currently at 18.65 (+0.16%). The 10YR is at 4.487 (-0.82%).

Wholesale prices unexpectedly declined in April as prices for services fell the most in at least the last 16 years, the Bureau of Labor Statistics reported Thursday. The producer price index, a measure of final demand prices, declined 0.5% after being unchanged in March. Economists had been looking for an increase of 0.3%. The BLS said the decline was attributable to a 0.7% decrease in services prices, the steepest in the survey’s history going back to December 2009. Most of the decline came from a 1.6% slide in trade services. Also, margins for machine and vehicle wholesaling fell 6.1%. Excluding food and energy, core PPI declined 0.4%, also against an estimate for a 0.3% increase.

Walmart (WMT) reported better-than-expected earnings, but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an estimate of 58 cents per share. Revenue of $165.61 billion was about in line with the consensus forecast of $165.84 billion.

Cisco (CSCO) was the best performer in the S&P 500 in the premarket, rising nearly 4% after the tech company reported fiscal third-quarter results that beat expectations. The company earned an adjusted 96 cents per share on revenue of $14.15 billion. Analysts polled by LSEG expected a profit of 92 cents per share on revenue of $14.08 billion.

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

The national average price of gasoline is up 1.2 cents at $3.192 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 with $3.46, beating estimates of $3.201 per share.

McDonald’s (MCD) reports earnings on 5/1/25 before the market open with $2.67, beating estimates of $2.643 per share.

Amazon (AMZN) reports earnings on 5/1/25 after the market close with $1.59, beating estimates of $1.348 per share.

Apple (AAPL) reports earnings on 5/1/25 after the market close with $1.65, beating estimates of $1.61 per share.

Amgen (AMGN) reports earnings on 5/1/25 after the market close with $4.90, beating estimates of $4.158 per share.

Chevron (CVX) reports earnings on 5/2/25 before the market open with $2.18, beating estimates of $2.152 per share.

Disney (DIS) reports earnings on 5/7/25 before the market open with $1.45, beating estimates of $1.18 per share.

Cisco (CSCO) reports earnings on 5/14/25 after the market close with $0.96, beating estimates of $0.75 per share.

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.

Salesforce (CRM) reports earnings on 5/28/25 after the market close.

Nvidia (NVDA) reports earnings on 5/28/25 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 257.82 (-0.30%) is up +17.28% in 2025.

Financial Calendar

04:00 AM ET IEA Monthly Report
08:30 AM ET Continuing Jobless Claims, 1,890K, 1,879K
08:30 AM ET Core PPI (YoY) (Apr), 3.1%, 3.3%
08:30 AM ET Core PPI (MoM) (Apr), 0.3%, -0.1%
08:30 AM ET Core Retail Sales (MoM) (Apr), 0.3%, 0.5%
08:30 AM ET Initial Jobless Claims, 229K, 228K
08:30 AM ET Jobless Claims 4-Week Avg., 227.00K
08:30 AM ET NY Empire State Manufacturing Index (May), -7.90, -8.10
08:30 AM ET Philadelphia Fed Manufacturing Index (May), -9.9, -26.4
08:30 AM ET Philly Fed Business Conditions (May), 6.9
08:30 AM ET Philly Fed CAPEX Index (May), 2.00
08:30 AM ET Philly Fed Employment (May), 0.2
08:30 AM ET Philly Fed New Orders (May), -34.2
08:30 AM ET Philly Fed Prices Paid (May), 51.00
08:30 AM ET PPI (YoY) (Apr), 2.5%, 2.7%
08:30 AM ET PPI (MoM) (Apr), 0.2%, -0.4%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Apr), 3.4%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Apr), 0.1%
08:30 AM ET Retail Control (MoM) (Apr), 0.3%, 0.4%
08:30 AM ET Retail Sales (MoM) (Apr), 0.0%, 1.4%
08:30 AM ET Retail Sales (YoY) (Apr), 4.60%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Apr), 0.8%
08:40 AM ET Fed Chair Powell Speaks
09:15 AM ET Capacity Utilization Rate (Apr), 77.9%, 77.8%
09:15 AM ET Industrial Production (YoY) (Apr), 1.34%
09:15 AM ET Industrial Production (MoM) (Apr), 0.2%, -0.3%
09:15 AM ET Manufacturing Production (MoM) (Apr), -0.2%, 0.3%
10:00 AM ET Business Inventories (MoM) (Mar), 0.2%, 0.2%
10:00 AM ET NAHB Housing Market Index (May), 40, 40
10:00 AM ET Retail Inventories Ex Auto (Mar), 0.4%, 0.1%
10:30 AM ET Natural Gas Storage, 104B
11:30 AM ET 4-Week Bill Auction, 4.225%
11:30 AM ET 8-Week Bill Auction, 4.225%
13:00 PM ET Atlanta Fed GDPNow (Q2), 2.3%, 2.3%
14:05 PM ET Fed Vice Chair for Supervision Barr Speaks
16:30 PM ET Fed’s Balance Sheet, 6,711B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.201T