Dow stocks hitting 52-week highs include Johnson & Johnson (JNJ) 179.29 (+0.20%) and Travelers (TRV) 276.29 (+0.50%). There were no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -133 point.

Friday the Dow closed up +846.24 (+1.89%) at 45,631.74.

Year-to-date the Dow is up +7.26%.

Friday, (25) Dow stocks were up, none made 52-week lows, and (2) made 52-week highs.

The Dow stock winners Friday were led by Caterpillar (CAT) 435.67 (+4.25%), Home Depot (HD) 412.79 (+3.79%) and Goldman Sachs (GS) 741.89 (+3.62%).

The Dow stock losers Friday were led by Verizon (VZ) 44.44 (-1.31%), Walmart (WMT) 96.83 (-1.15%) and Coca Cola (KO) 70.13 (-0.75%).

The VIX closed Friday at 14.22 (-14.34%) and the 10 YR at 4.252 (-1.60%). The VIX is currently at 15.05 (+5.84%). The 10YR is at 4.275 (+0.45%).

Federal Reserve Chair Jerome Powell hinted at the potential for interest rate cuts during his much-anticipated speech in Jackson Hole, Wyoming, on Friday. Investors liked what they heard. Fed funds futures are now pricing in a more than 85% likelihood that the central bank cuts rates at its next gathering in September. That’s up from less than 65% a month ago.

Wall Street is awaiting second-quarter earnings from Nvidia (NVDA), the well-known chipmaker that’s been a face of the artificial intelligence trade. Those results are expected on Wednesday after the close.

On Friday comes the July personal consumption expenditure price index, the Fed’s preferred inflation gauge. Economists expect core PCE, which strips out volatile food and energy prices, will rise 2.9% on a year-over-year basis, compared to its 2.8% increase in June.

Stifel is reiterating its optimistic view of Nvidia in the leadup to the graphic processing unit designer’s upcoming quarterly results on Wednesday. Analyst Ruben Roy, who maintained his overweight rating on the stock, raised his price target to $212 from $202, which implies 19% upside from Friday’s close.

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

The national average price of gasoline is up eight-tenths of a cent at $3.161 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 7/15/2025 before the market open with $5.24, beating estimates of $4.455 per share.

Goldman Sachs (GS) reported earnings on 7/16/2025 before the market open with $10.91, beating estimates of $9.821 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2025 before the market open with $2.77, beating estimates of $2.65 per share.

Travelers (TRV) reported earnings on 7/17/2025 before the market open with $6.51, beating estimates of $3.51 per share.

3M (MMM) reported earnings on 7/18/2025 before the market open with $2.16, beating estimates of $2.011 per share.

American Express (AXP) reported earnings on 7/18/2025 before the market open with $4.08, beating estimates of $3.837 per share.

Verizon (VZ) reported earnings on 7/21/2025 before the market open with $1.22, beating estimates of $1.183 per share.

Coca Cola (KO) reported earnings on 7/22/2025 before the market open with $0.87, beating estimates of $3.837 per share.

Sherwin Williams (SHW) reported earnings on 7/22/2025 before the market open with $3.38, missing estimates of $3.75 per share.

IBM (IBM) reported earnings on 7/23/2025 after the market close with $2.80, beating estimates of $2.637 per share.

Honeywell (HON) reported earnings on 7/24/2025 before the market open with $2.75, beating estimates of $2.629 per share.

Boeing (BA) reported earnings on 7/29/2025 before the market open with -$0.847, missing estimates of -$1.24 per share.

Merck (MRK) reported earnings on 7/29/2025 before the market open with $2.13, beating estimates of $2.035 per share.

Procter & Gamble (PG) reported earnings on 7/29/2025 before the market open with $1.48, beating estimates of $1.423 per share.

UnitedHealth (UNH) reported earnings on 7/29/2025 before the market open with $4.08, missing estimates of $5.468 per share.

Visa (V) reported earnings on 7/29/2025 after the market close with $2.98, beating estimates of $2.839 per share.

Microsoft (MSFT) reported earnings on 7/30/2025 after the market close with $3.35, beating estimates of $3.65 per share.

Apple (AAPL) reported earnings on 7/31/2025 after the market close with $1.57, beating estimates of $1.419 per share.

Chevron (CVX) reported earnings on 8/1/2025 before the market open with $1.77, beating estimates of $1.544 per share.

Caterpillar (CAT) reports earnings on 8/5/2025 before the market open with $4.72, missing estimates of $4.925 per share.

Amgen (AMGN) reports earnings on 8/5/2025 after the market close with $6.02, beating estimates of $5.207 per share.

Disney (DIS) reports earnings on 8/6/2025 before the market open with $1.61, beating estimates of $1.442 per share.

McDonald’s (MCD) reports earnings on 7/6/2025 before the market open with $3.19, beating estimates of $3.128 per share.

Cisco (CSCO) reported earnings on 8/13/2025 after the market close with $0.99, beating estimates of $0.797 per share.

Home Depot (HD) reported earnings on 8/19/2025 before the market open with $4.68, missing estimates of $4.693 per share.

Walmart (WMT) reported earnings on 8/21/2025 before the market open with $0.68, missing estimates of $0.723 per share.

Nvidia (NVDA) reports earnings on 8/27/2025 after the market close.

Salesforce (CRM) reports earnings on 8/27/2025 after the market close.

Amazon (AMZN) reports earnings on 10/30/2025 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 507.23 (+0.59%) is up +20.34% in 2025.

Financial Calendar

08:00 AM ET Building Permits (Jul), 1.354M, 1.393M
08:00 AM ET Building Permits (MoM) (Jul), -2.8%, -0.1%
08:30 AM ET Chicago Fed National Activity (Jul), -0.10
10:00 AM ET New Home Sales (MoM) (Jul), 0.6%
10:00 AM ET New Home Sales (Jul), 630K, 627K
10:30 AM ET Dallas Fed Mfg Business Index (Aug), 0.9
11:30 AM ET 3-Month Bill Auction, 4.130%
11:30 AM ET 6-Month Bill Auction, 3.945%
15:15 PM ET Fed Logan Speaks
19:15 PM ET FOMC Member Williams Speaks