Dow stocks hitting 52-week highs include Cisco (CSCO) 75.44 (-3.76%) and Johnson & Johnson (JNJ) 203.07 (+0.28%). Dow stock 52-week lows include Salesforce (CRM) 225.37 (-1.10%).

The Market

Premarket today, the Dow was indicated to be up +222 points.

Thursday the Dow closed down -386.51 (-0.84%) at 45,752.26.

Year-to-date the Dow is up +7.54%.

Thursday, (8) Dow stocks were up, (1) made 52-week lows, and (2) made 52-week highs.

The Dow stock winners Thursday were led by Walmart (WMT) 107.11 (+6.46%), Travelers (TRV) 287.85 (+0.83%) and Procter & Gamble (PG) 148.19 (+0.82%).

The Dow stock losers Thursday were led by Cisco (CSCO) 75.44 (-3.76%), Boeing (BA) 179.38 (-3.40%) and Nvidia (NVDA) 180.64 (-3.15%).

The VIX closed Thursday at 26.34 (+11.33%) and the 10 YR at 4.095 (-0.80%). The VIX is currently at 25.41 (-3.82%). The 10YR is at 4.058 (-1.27%).

Comments by notable Fed member Williams today broke the equity market out of its artificial intelligence-stock slump and raised traders’ bets that the central bank would in fact cut next month for the third time this year. Fed funds futures traders are currently pricing in a more than 70% chance of a quarter percentage point cut, a spike from the 39.1% likelihood priced in the day before.

Bitcoin on Friday had reached its lowest level since April 11, when bitcoin traded as low as 78,926.67. It was last down more than 3%. Week to date, the cryptocurrency is down nearly 12%. BTC is currently at 83,805.

Declining stocks outpaced advancing issues 2,157 to 621 on the New York Stock Exchange on Thursday, accounting for almost 76% of all issues traded, according to data compiled by FactSet. Share volume that was lower in price accounted for nearly 81% of the total traded versus a little more than 18% of advancing volume. New NYSE 52-week lows swamped new highs, 174 to 50. Nasdaq showed the same, with declining stocks outweighing advancers 3,557 to 1,144, accounting for almost 73% of all stocks traded. Declining volume was nearly 82% of the day’s total against less than 17% advancing volume. New 52-week lows on Nasdaq came to 513 against just 125 new highs.

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

The national average price of gasoline is up six-tenths of a cent at $3.100 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) reported earnings on 11/12/2025 after the market close with $1.00, beating estimates of $0.799 per share.

Disney (DIS) reported earnings on 11/13/2025 before the market open with $1.11, beating estimates of $1.03 per share.

Home Depot (HD) reported earnings on 11/18/2025 before the market open with $3.74, missing estimates of $3.805 per share.

Nvidia (NVDA) reported earnings on 11/19/2025 after the market close with $1.30, beating estimates of $1.177 per share.

Walmart (WMT) reports earnings on 11/20/2025 before the market open with $0.62, beating estimates of $0.606 per share.

Salesforce (CRM) reports earnings on 12/3/2025 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 61.43 (-1.93%) is down -18.82% in 2025.

Financial Calendar

08:00 AM ET Federal Budget Balance (Oct), -223.4B, 198.0B
08:30 AM ET Fed Vice Chair for Supervision Barr Speaks
08:30 AM ET Real Earnings (MoM) (Sep), -0.1%
08:45 AM ET Fed Governor Jefferson Speaks
09:00 AM ET Fed Logan Speaks
09:15 AM ET Capacity Utilization Rate (Sep), 77.3%, 77.4%
09:15 AM ET Industrial Production (YoY) (Sep), 0.87%
09:15 AM ET Industrial Production (MoM) (Oct), 0.1%
09:45 AM ET S&P Global Manufacturing PMI (Nov), 52.0, 52.5
09:45 AM ET S&P Global Composite PMI (Nov), 54.5, 54.6
09:45 AM ET S&P Global Services PMI (Nov), 54.6, 54.8
10:00 AM ET Housing Starts (MoM) (Sep), -8.5%
10:00 AM ET Housing Starts (Sep), 1.320M, 1.307M
10:00 AM ET Michigan 1-Year Inflation Expectations (Nov), 4.7%, 4.6%
10:00 AM ET Michigan 5-Year Inflation Expectations (Nov), 3.6%, 3.9%
10:00 AM ET Michigan Consumer Expectations (Nov), 49.0, 50.3
10:00 AM ET Michigan Consumer Sentiment (Nov), 50.3, 53.6
10:00 AM ET Michigan Current Conditions (Nov), 52.3, 58.6
10:00 AM ET Wholesale Inventories (MoM), -0.2%, 0.0%
12:00 PM ET Atlanta Fed GDPNow (Q4), 4.2%, 4.2%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 417
13:00 PM ET U.S. Baker Hughes Total Rig Count, 549
15:30 PM ET CFTC Aluminium speculative net positions, 0.4K
15:30 PM ET CFTC Copper speculative net positions, 32.6K
15:30 PM ET CFTC Corn speculative net positions, -81.3K
15:30 PM ET CFTC Crude Oil speculative net positions, 103.3K
15:30 PM ET CFTC Gold speculative net positions, 252.9K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 41.0K
15:30 PM ET CFTC Natural Gas speculative net positions, -125.2K
15:30 PM ET CFTC S&P 500 speculative net positions, -136.7K
15:30 PM ET CFTC Silver speculative net positions, 49.7K
15:30 PM ET CFTC Soybeans speculative net positions, -8.3K
15:30 PM ET CFTC Wheat speculative net positions, -75.1K