Dow stocks hitting 52-week highs include JPMorgan (JPM) 309.19 (+0.09%). There were no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +72 points.

Tuesday the Dow closed down -125.55 (-0.27%) at 45,757.90.

Year-to-date the Dow is up +7.55%.

Tuesday, (11) Dow stocks were up, none made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Tuesday were Chevron (CVX) 159.54 (+1.42%), Amazon (AMZN) 234.05 (+1.13%) and Caterpillar (CAT) 440.67 (+1.09%).

The Dow stock losers Tuesday were led by UnitedHealth (UNH) 339.78 (-2.33%), Nvidia (NVDA) 174.88 (-1.61%) and Travelers (TRV) 271.95 (-1.57%).

The VIX closed Tuesday at 16.36 (+4.27%) and the 10 YR at 4.026 (-0.22%). The VIX is currently at 16.21 (-0.92%). The 10YR is at 4.020 (-0.02%).

Today investors are expecting the Federal Reserve will lower interest rates, a move that could boost the U.S. economy amid signs the labor market is slowing even as inflation stays stubbornly above the central bank’s 2% target. Policymakers will also give more insight into their outlook for rates over the next year or so in the closely-watched “dot plot” grid that accompanies their quarterly Summary of Economic Projections. Traders have priced in a 96% chance that the Fed will cut rates by 25 basis points, or a quarter percentage point, and just 4% odds that the market will get a half point reduction.

With the housing market, building permits and new construction both were well below expectations in August. Permits totaled a seasonally adjusted annualized rate of 1.31 million for the month, down 3.7% from the upwardly revised July rate and below the Dow Jones consensus estimate for 1.37 million. On housing starts, the numbers were almost identical, at 1.307 million, down 8.5% from the slightly revised July level and also below the 1.37 million forecast. Completions rose 8.4% from July but were off the same percentage from a year ago.

Nvidia (NVDA) dropped more than 1% after a report by The Financial Times, which cited three people with knowledge of the matter, said that China’s internet regulator has banned the biggest tech companies in the country from buying Nvidia’s AI chips.

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

The national average price of gasoline is up nine-tenths of a cent at $3.186 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/30/2025 after the market close.

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

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 440.67 (+1.09%) is up +21.48% in 2025.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.49%
07:00 AM ET MBA Mortgage Applications (WoW), 9.2%
07:00 AM ET MBA Purchase Index, 169.1
07:00 AM ET Mortgage Market Index, 297.7
07:00 AM ET Mortgage Refinance Index, 1,012.4
08:30 AM ET Building Permits (Aug), 1.370M, 1.362M
08:30 AM ET Building Permits (MoM) (Aug), -2.2%
08:30 AM ET Housing Starts (MoM) (Aug), 5.2%
08:30 AM ET Housing Starts (Aug), 1.370M, 1.428M
10:30 AM ET Crude Oil Inventories, 3.939M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.051M
10:30 AM ET Crude Oil Imports, 0.668M
10:30 AM ET Cushing Crude Oil Inventories, -0.365M
10:30 AM ET Distillate Fuel Production, -0.024M
10:30 AM ET EIA Weekly Distillates Stocks, 4.715M
10:30 AM ET Gasoline Production, -0.285M
10:30 AM ET Heating Oil Stockpiles, 0.266M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.6%
10:30 AM ET Gasoline Inventories, 1.458M
11:30 AM ET Atlanta Fed GDPNow (Q3), 3.4%, 3.4%
14:00 PM ET Interest Rate Projection – 1st Yr (Q3), 3.6%
14:00 PM ET Interest Rate Projection – 2nd Yr (Q3), 3.4%
14:00 PM ET Interest Rate Projection – 3rd Yr (Q3), 3.1%
14:00 PM ET Interest Rate Projection – Current (Q3), 3.9%
14:00 PM ET Interest Rate Projection – Longer (Q3), 3.0%
14:00 PM ET FOMC Economic Projections
14:00 PM ET FOMC Statement
14:00 PM ET Fed Interest Rate Decision, 4.25%, 4.50%
14:30 PM ET FOMC Press Conference