Dow stocks hitting 52-week highs include IBM (IBM) 283.05 (+0.43%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +35 points.

Tuesday the Dow closed down -299.29 (-0.70%) at 42,215.80.

Year-to-date the Dow is down -0.77%.

Tuesday, (4) Dow stocks were up, none made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) 627.85 (+2.33%), Nike (NKE) 61.90 (+2.26%) and American Express (AXP) 294.22 (+2.23%).

The Dow stock losers Tuesday were led by McDonald’s (MCD) 296.29 (-1.86%), Johnson & Johnson (155.22 (-1.20%) and Verizon (VZ) 42.50 (-1.19%).

The VIX closed Tuesday at 21.60 (+13.03%) and the 10 YR at 4.388 (-1.44%). The VIX is currently at 20.96 (-2.96%). The 10YR is at 4.366 (-0.57%).

Today we get the Federal Reserve’s rate decision at 2 p.m. ET. The U.S. central bank is widely expected to hold rates steady, but investors will be keeping a close eye on Fed Chair Jerome Powell’s post-meeting comments.

New housing construction hit its lowest level in five years for May in more bad news for the industry, the Commerce Department reported Wednesday. Starts ran at a seasonally adjusted annual rate of 1.256 million for the month, down 9.8% from April and the slowest since May 2020 as the economy was reeling from the Covid pandemic. Economists surveyed by Dow Jones had been looking for 1.35 million. Building permits also slid more than expected, totaling 1.393 million, off 2% from the prior month and below the 1.42 million forecast.

Initial unemployment claims for the week ending June 14 totaled a seasonally adjusted 245,000, down 5,000 from the prior week and right around the estimate for 246,000, according to a Labor Department report. Continuing claims, which run a week behind, nudged lower to 1.945 million, though the longer-term trend held around highs last seen in November 2021.

Iran’s supreme leader, Ayatollah Ali Khamenei on Wednesday threatened the U.S. with “irreparable damage” if Washington follows through with a military strike against the Middle Eastern country.

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

The national average price of gasoline is up 2.7 cents at $3.167 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 6/26/2025 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 357.68 (-1.31%) is down -1.40% in 2025.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.93%
07:00 AM ET MBA Mortgage Applications (WoW), 12.5%
07:00 AM ET MBA Purchase Index, 170.9
07:00 AM ET Mortgage Market Index, 254.6
07:00 AM ET Mortgage Refinance Index, 707.4
08:30 AM ET Building Permits (MoM) (May), -4.0%
08:30 AM ET Building Permits (May), 1.420M, 1.422M
08:30 AM ET Continuing Jobless Claims, 1,940K, 1,956K
08:30 AM ET Housing Starts (MoM) (May), 1.6%
08:30 AM ET Housing Starts (May), 1.350M, 1.361M
08:30 AM ET Initial Jobless Claims, 246K, 248K
08:30 AM ET Jobless Claims 4-Week Avg., 240.25K
10:30 AM ET Crude Oil Inventories, -2.300M, -3.644M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.228M
10:30 AM ET Crude Oil Imports, 0.451M
10:30 AM ET Cushing Crude Oil Inventories, -0.403M
10:30 AM ET Distillate Fuel Production, -0.097M
10:30 AM ET EIA Weekly Distillates Stocks, 1.246M
10:30 AM ET Gasoline Production, 0.681M
10:30 AM ET Heating Oil Stockpiles, 0.487M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.9%
10:30 AM ET Gasoline Inventories, 1.504M
11:00 AM ET Milk Auctions, 4,332.0
11:30 AM ET 4-Week Bill Auction, 4.080%
11:30 AM ET 8-Week Bill Auction, 4.380%
11:30 AM ET Atlanta Fed GDPNow (Q2), 3.5%, 3.5%
12:00 PM ET Natural Gas Storage, 96B, 109B
14:00 PM ET Interest Rate Projection – 1st Yr (Q2), 3.4%
14:00 PM ET Interest Rate Projection – 2nd Yr (Q2), 3.1%
14:00 PM ET Interest Rate Projection – Current (Q2), 3.9%
14:00 PM ET Interest Rate Projection – Longer (Q2), 3.0%
14:00 PM ET FOMC Economic Projections
14:00 PM ET FOMC Statement
14:00 PM ET Fed Interest Rate Decision, 4.50%, 4.50%
14:30 PM ET FOMC Press Conference
16:00 PM ET US Foreign Buying, T-bonds (Apr), 123.30B
16:00 PM ET Overall Net Capital Flow (Apr), 254.30B
16:00 PM ET TIC Net Long-Term Transactions (Apr), 161.8B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Apr), 142.40B, 161.80B