There were no Dow stocks hitting 52-week highs. Dow stock 52-week lows included Procter & Gamble (PG) 147.17 (-0.57%).

The Market

Premarket today, the Dow was indicated to be up +70 points.

Tuesday the Dow closed down -251.44 (-0.53%) at 47,085.24.

Year-to-date the Dow is up +10.67%.

Tuesday, (11) Dow stocks were up, none made 52-week lows, and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Travelers (TRV) 277.28 (+3.59%), Merck (MRK) 83.86 (+1.66%) and Home Depot (HD) 383.08 (+1.25%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 547.58 (-4.03%), Nvidia (NVDA) 198.69 (-3.96%) and Boeing (BA) 198.05 (-3.18%).

The VIX closed Tuesday at 19.00 (+10.66%) and the 10 YR at 4.060 (-0.71%). The VIX is currently at 19.03 (+0.05%). The 10YR is at 4.119 (+0.73%).

Nationwide, voters are hating Republicans.

Payroll growth at private companies turned slightly stronger than expected in October, providing some hope that the labor market isn’t in danger of sinking, ADP reported Wednesday. Companies added 42,000 jobs for the month, following a decline of 29,000 in September and topping consensus for a gain of 22,000. A revision for September showed 3,000 fewer jobs lost, the payrolls processing firm said. A gain of 47,000 in the trade, transportation and utilities grouping helped offset losses in multiple other categories. Education and health services also showed growth of 26,000 while financial activities added 11,000. All of the job creation came from companies employing at least 250 workers. That category added 76,000 jobs, while smaller businesses lost 34,000.

McDonald’s on Wednesday fell short of Wall Street’s earnings expectations, but the company’s U.S. restaurants reported better-than-expected same-store sales growth.

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

The national average price of gasoline is up 1.7 cents at $3.053 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/30/2025 after the market close with $0.49, beating estimates of $0.273 per share.

Goldman Sachs (GS) reported earnings on 10/14/2025 before the market open with $12.25, beating estimates of $11.03 per share.

Johnson & Johnson (JNJ) reported earnings on 10/14/2025 before the market open with $2.80, beating estimates of $2.77 per share.

JPMorgan (JPM) reported earnings on 10/14/2025 before the market open with $5.07, beating estimates of $4.83 per share.

Travelers (TRV) reported earnings on 10/16/2025 before the market open with $8.14, beating estimates of $6.008 per share.

American Express (AXP) reported earnings on 10/17/2025 before the market open with $4.14, beating estimates of $3.964 per share.

3M (MMM) reported earnings on 10/21/2025 before the market open with $2.19, beating estimates of $2.097 per share.

Coca Cola (KO) reported earnings on 10/21/2025 before the market open with $0.82, beating estimates of $0.781 per share.

IBM (IBM) reported earnings on 10/22/2025 after the market close with $2.65, beating estimates of $2.435 per share.

Honeywell (HON) reported earnings on 10/23/2025 before the market open with $2.82, beating estimates of $2.56 per share.

Procter & Gamble (PG) reports earnings on 10/24/2025 before the market open with $1.99, beating estimates of $1.896 per share.

Sherwin Williams (SHW) reported earnings on 10/28/2025 before the market open with $3.59, beating estimates of $3.461 per share.

UnitedHealth (UNH) report earnings on 10/28/2025 before the market open with $2.92, beating estimates of $2.753 per share.

Visa (V) reported earnings on 10/28/2025 after the market close with $2.98, beating estimates of $2.966 per share.

Boeing (BA) reported earnings on 10/29/2025 before the market open with -$7.47, missing estimates of -$3.769 per share.

Caterpillar (CAT) reported earnings on 10/29/2025 before the market open with $4.95, beating estimates of $4.52 per share.

Verizon (VZ) reported earnings on 10/29/2025 before the market open with $1.21, beating estimates of $1.191 per share.

Microsoft (MSFT) reported earnings on 10/29/2025 after the market close with $4.13, beating estimates of $3.654 per share.

Merck (MRK) reported earnings on 10/30/2025 before the market open with $2.58, beating estimates of $2.36 per share.

Amazon (AMZN) reported earnings on 10/30/2025 after the market close with $1.95, beating estimates of $1.579 per share.

Apple (AAPL) reported earnings on 10/30/2025 after the market close with $1.85, beating estimates of $1.734 per share.

Chevron (CVX) reported earnings on 10/31/2025 before the market open with $1.85, beating estimates of $1.658 per share.

Amgen (AMGN) reports earnings on 11/4/2025 after the market close with $5.64, beating estimates of $5.002 per share.

McDonald’s (MCD) reported earnings on 11/5/2025 before the market open with $3.22, missing estimates of $3.348 per share.

Cisco (CSCO) reports earnings on 11/12/2025 after the market close.

Disney (DIS) reports earnings on 11/13/2025 before the market open.

Home Depot (HD) reports earnings on 11/18/2025 before the market open.

Nvidia (NVDA) reports earnings on 11/19/2025 after the market close.

Walmart (WMT) reports earnings on 11/20/2025 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 111.47 (-0.58%) is up +0.11% in 2025.

Financial Calendar

7:00 AM ET MBA 30-Year Mortgage Rate, 6.30%
07:00 AM ET MBA Mortgage Applications (WoW), 7.1%
07:00 AM ET MBA Purchase Index, 164.3
07:00 AM ET Mortgage Market Index, 338.7
07:00 AM ET Mortgage Refinance Index, 1,327.8
08:15 AM ET ADP Nonfarm Employment Change (Oct), 31K, -32K
09:00 AM ET ISM Non-Manufacturing PMI (Oct), 51.0, 50.8
09:45 AM ET S&P Global Composite PMI (Oct), 54.8, 53.9
09:45 AM ET S&P Global Services PMI (Oct), 55.2, 54.2
10:00 AM ET Factory Orders (MoM), 1.4%, -1.3%
10:00 AM ET Factory orders ex transportation (MoM) (Aug), 0.6%
10:00 AM ET ISM Non-Manufacturing Business Activity (Oct), 49.9
10:00 AM ET ISM Non-Manufacturing Employment (Oct), 47.2
10:00 AM ET ISM Non-Manufacturing New Orders (Oct), 50.4
10:00 AM ET ISM Non-Manufacturing PMI (Oct), 50.7, 50.0
10:00 AM ET ISM Non-Manufacturing Prices (Oct), 69.4
10:00 AM ET JOLTS Job Openings (Sep), 7.227M
10:00 AM ET Milk Auctions, 3,881.0
10:30 AM ET Crude Oil Inventories, -6.858M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.511M
10:30 AM ET Crude Oil Imports, -1.025M
10:30 AM ET Cushing Crude Oil Inventories, 1.334M
10:30 AM ET Distillate Fuel Production, -0.134M
10:30 AM ET EIA Weekly Distillates Stocks, -3.362M
10:30 AM ET Gasoline Production, -0.004M
10:30 AM ET Heating Oil Stockpiles, 0.049M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -2.0%
10:30 AM ET Gasoline Inventories, -5.941M