There were no Dow stocks hitting 52-week highs. Dow stocks hitting 52-week lows include Procter & Gamble (PG) 138.04 (-1.34%).

The Market

Premarket today, the Dow was indicated to be down -189 points.

Wednesday the Dow closed down -466.00 (-0.94%) at 48,996.08.

Year-to-date the Dow is up +1.94%.

Wednesday, (7) Dow stocks were up, (1) made 52-week lows, and none made 52-week highs.

The Dow stock winners Wednesday were led by Amgen (AMGN) 341.64 (+3.47%), Johnson & Johnson (JNJ) 207.49 (+1.32%) and Salesforce (CRM) 266.12 (+1.22%).

The Dow stock losers Wednesday were led by Caterpillar (CAT) 596.52 (-4.26%), Nike (NKE) 63.22 (-3.26%) and Honeywell (HON) 199.51 (-2.65%).

The VIX closed Wednesday at 15.38 (+4.27%) and the 10 YR at 4.153 (+0.07%). The VIX is currently at 15.65 (+1.76%). The 10YR is at 4.188 (+0.92%).

Defense stocks rally in early trading after Trump called for a $1.5 trillion defense budget in 2027, a massive increase from the $901 billion approved by Congress for 2026.

Productivity soared in the third quarter, pushing down labor costs dramatically while the level of layoffs held low, according to economic data released Thursday. Nonfarm productivity, a measure of real output divided by numbers worked, jumped 4.9% during the July-through-September period, in line with expectations, according to the Bureau of Labor Statistics. However, unit labor costs, which measure productivity against compensation, tumbled 1.9%, far more than the consensus estimate for a 0.4% decline. In a separate report, the Labor Department reported that initial unemployment claims for the week ended Jan. 3 totaled a seasonally adjusted 208,000, an increase of 8,000 from the prior period but just below the estimate for 210,000. Continuing claims, which run a week behind, rose by 56,000 to 1.91 million.

Layoff announcements in December hit their lowest level since July 2024, according to employment consulting firm Challenger, Gray & Christmas. U.S. employers listed 35,553 cuts for the month, the firm reported Thursday, the lowest total since July 2024 and a 50% slide from November. Even with the low number, it was the worst fourth quarter for layoffs since 2008.

Crude prices rebounded Thursday after sliding in the previous session on President Donald Trump’s comments that interim authorities in Venezuela will be turning over as much as 50 million barrels of oil to the U.S., prompting concerns over increasing oil supply. West Texas Intermediate futures climbed 1.5%, or 84 cents, to $56.83 per barrel. Brent crude traded higher by 87 points, or 1.5%, to $60.83.

Google parent Alphabet just overtook Apple’s market capitalization for the first time since 2019. Alphabet’s market cap closed at $3.888 trillion on Wednesday after shares of the company rose by about 2.4% on Wednesday, closing at $321.98 per share. Apple (AAPL) market cap closed Wednesday at $3.847 trillion as shares slid 0.8% in the session.

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

The national average price of gasoline is unchanged at $2.819 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.

Boeing (BA) reports earnings on 1/27/2026 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.

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.

Sherwin Williams (SHW) 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.

Merck (MRK) reports earnings on 2/3/2026 before the market open.

Amgen (AMGN) reports earnings on 2/3/2026 after the market close.

Disney (DIS) reports earnings on 2/4/2026 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 138.04 (-1.34%) is down -3.68% in 2026.

Financial Calendar

07:30 AM ET Challenger Job Cuts (YoY), 23.5%
07:30 AM ET Challenger Job Cuts (Dec), 71.321K
08:30 AM ET Continuing Jobless Claims, 1,900K, 1,866K
08:30 AM ET Exports (Oct), 289.30B
08:30 AM ET Imports (Oct), 342.10B
08:30 AM ET Initial Jobless Claims, 213K, 199K
08:30 AM ET Jobless Claims 4-Week Avg., 218.75K
08:30 AM ET Nonfarm Productivity (QoQ) (Q3), 4.9%, 3.3%
08:30 AM ET Trade Balance (Oct), -58.10B, -52.80B
08:30 AM ET Unit Labor Costs (QoQ) (Q3), 0.0%, 1.0%
10:00 AM ET Wholesale Inventories (MoM) (Oct), 0.2%, 0.5%
10:00 AM ET Wholesale Trade Sales (MoM) (Oct), -0.2%
10:30 AM ET Natural Gas Storage, -109B, -38B
11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations (Dec), 3.2%
11:30 AM ET 4-Week Bill Auction, 3.590%
11:30 AM ET 8-Week Bill Auction, 3.580%
12:00 PM ET Atlanta Fed GDPNow (Q4), 2.7%, 2.7%
15:00 PM ET Consumer Credit (Nov), 10.10B, 9.18B
16:30 PM ET Fed’s Balance Sheet, 6,641B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 2.853T