There were no Dow stocks hitting 52-week highs. There were no Dow stocks hitting 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +162 points.

Wednesday the Dow closed down -303.77 (-0.63%) at 48,063.29.

Year-to-date the Dow is up +12.97%. And that’s a wrap for 2025!

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

The Dow stock winners Wednesday were led by Nike (NKE) 63.71 (+4.12%), Verizon (VZ) (+0.07%) and Chevron (CVX) 152.41 (+0.07%). The only other winner today was Johnson & Johnson (JNJ) 206.95 (+0.02%).

The Dow stock losers Wednesday were led by IBM (IBM) 296.21 (-1.93%), American Express (AXP) 369.95 (-0.92%), Disney (DIS) 113.77 (-0.89%) and Visa (V) 350.71 (-0.82%).

The VIX closed Wednesday at 15.02 (+4.82%) and the 10 YR at 4.175 (+1.21%). The VIX is currently at 14.75 (-1.34%). The 10YR is at 4.159 (+0.34%).

Not much Dow news today. Looks like Nvidia (NVDA) is up about 1% this morning.

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

The national average price of gasoline is down three-tenths of a cent at $2.830 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 1/13/2026 before the market open.

Goldman Sachs (GS) reports earnings on 1/15/2026 before the market open.

3M (MMM) reports earnings on 1/20/2026 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/21/2026 before the market open.

Travelers (TRV) reports earnings on 1/21/2026 before the market open.

Procter & Gamble (PG) reports earnings on 1/22/2026 before the market open.

UnitedHealth (UNH) reports earnings on 1/27/2026 before the market open.

Visa (V) reports earnings on 1/27/2026 after the market close.

Boeing (BA) reports earnings on 1/28/2026 before the market open.

IBM (IBM) reports earnings on 1/28/2026 after the market close.

Microsoft (MSFT) reports earnings on 1/28/2026 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2026 before the market open.

Honeywell (HON) reports earnings on 1/29/2026 before the market open.

Apple (AAPL) reports earnings on 1/29/2026 after the market close.

American Express (AXP) reports earnings on 1/30/2026 before the market open.

Chevron (CVX) reports earnings on 1/30/2026 before the market open.

Verizon (VZ) reports earnings on 1/30/2026 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 105.26 (-0.75%) is up +5.81% in 2025.

Financial Calendar

09:00 AM ET MBA 30-Year Mortgage Rate, 6.31%
09:00 AM ET MBA Mortgage Applications (WoW), -5.0%
09:00 AM ET MBA Purchase Index, 169.9
09:00 AM ET Mortgage Market Index, 299.8
09:00 AM ET Mortgage Refinance Index, 1,084.3
09:45 AM ET S&P Global Manufacturing PMI (Dec), 51.8, 51.8
10:00 AM ET Construction Spending (MoM) (Oct), -0.1%, 0.2%
16:30 PM ET Fed’s Balance Sheet, 6,557B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 2.934T