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 be down -67 points.

Wednesday the Dow closed down -816.80 (-1.91%) at 41,860.44.

Year-to-date the Dow is down -1.61%.

Wednesday, (1) Dow stocks was up, none made 52-week lows, and none made 52-week highs.

The lone Dow stock winner Wednesday was Coca Cola (KO) 71.85 (+0.22%).

The Dow stock losers Wednesday were led by UnitedHealth (UNH) 302.98 (-5.78%), Nike (NKE) 59.98 (-4.12%), American Express (AXP) 286.00 (-3.43%), 3M (MMM) 19.40 (-3.08%) and Visa (V) 358.30 (-2.33%).

The VIX closed Wednesday at 20.87 (+15.37%) and the 10 YR at 4.592 (-0.04%). The VIX is currently at 21.14 (+1.29%). The 10YR is at 4.590 (-0.09%).

In a party line vote early Thursday, House members approved the bill that includes lower taxes and additional military spending. The bill — which now goes to the Senate — could increase the U.S. government’s debt by trillions and raise the deficit at a time when fears of a flare-up in inflation due to Trump tariffs are already weighing on bond prices and boosting yields. The Congressional Budget Office puts the price tag for bill at nearly $4 trillion.

The 30-year Treasury bond yield on Thursday traded at levels not seen since 2023, around 5.1%, after spiking higher in the previous session. The benchmark 10-year Treasury note yield traded just below 4.6%. The increase in long-term rates, which are benchmarks for consumer loans, could pressure an economy already feeling the weight of Trump’s recently implemented universal tariffs.

Initial unemployment insurance filings edged lower last week, a further indication that companies are retaining workers. Jobless claims totaled a seasonally adjusted 227,000 for the week ending May 17, a drop of 2,000 from the prior period and just below the Dow Jones estimate for 230,000, the Labor Department reported Thursday. The four-week moving average nudged higher to 231,500. Continuing claims, which run a week behind, totaled 1.9 million, up 36,000 from the prior period. The four-week moving average rose to 1.89 million, its highest level since Nov. 27, 2021.

S&P PMI’s are out this morning at 9:45 AM ET.

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

The national average price of gasoline is up 1.3 cents at $3.195 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 with $0.61, beating estimates of $0.574 per share.

Home Depot (HD) reports earnings on 5/20/25 before the market open with $3.56, missing estimates of $3.594 per share.

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

3M (MMM)

3M (MMM) 149.40 (-3.08%) is up +15.73% in 2025.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Apr), -0.03
08:30 AM ET Continuing Jobless Claims, 1,890K, 1,881K
08:30 AM ET Initial Jobless Claims, 230K, 229K
08:30 AM ET Jobless Claims 4-Week Avg., 230.50K
09:45 AM ET S&P Global Manufacturing PMI (May), 49.9, 50.2
09:45 AM ET S&P Global Composite PMI (May), 50.6
09:45 AM ET S&P Global Services PMI (May), 51.0, 50.8
10:00 AM ET Existing Home Sales (Apr), 4.15M, 4.02M
10:00 AM ET Existing Home Sales (MoM) (Apr), -5.9%
10:30 AM ET Natural Gas Storage, 110B
11:00 AM ET KC Fed Composite Index (May), -4
11:00 AM ET KC Fed Manufacturing Index (May), -5
11:30 AM ET 4-Week Bill Auction, 4.220%
11:30 AM ET 8-Week Bill Auction, 4.235%
12:00 PM ET 10-Year TIPS Auction, 1.935%
14:00 PM ET FOMC Member Williams Speaks
16:30 PM ET Fed’s Balance Sheet, 6,713B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.236T