Dow stocks hitting 52-week highs include Caterpillar (CAT) 665.24 (+3.41%), Chevron (CVX) 171.19 (+0.74%), Honeywell (HON) 227.24 (+4.89%) and Johnson & Johnson (JNJ) 227.29 (-0.19%). There were no Dow stocks hitting 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -205 points.

Thursday the Dow closed up +55.96 (+0.11%) at 49,071.56.

Year-to-date the Dow is up +2.10%.

Thursday, (22) Dow stocks were up, (1) made 52-week lows, and (4) made 52-week highs.

The Dow stock winners Thursday were led by IBM (IBM) 309.24 (+5.13%), Honeywell (HON) 227.24 (+4.89%) and Caterpillar (CAT) 665.24 (+3.41%).

The Dow stock losers Thursday were led by Microsoft (MSFT) 433.50 (-9.99%), Salesforce (CRM) 214.08 (-6.09%) and Boeing (BA) 234.04 (-3.13%).

The VIX closed Thursday at 16.85 (+3.06%) and the 10 YR at 4.245 (-0.16%). The VIX is currently at 17.83 (+5.63%). The 10YR is at 4.247 (+0.45%).

Trump has named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair.

Wholesale prices rose more than expected in December, though the longer-term pipeline inflation trend showed signs of receding. The producer price index rose a seasonally adjusted 0.5% for the month, the Bureau of Labor Statistics reported Friday. The increase was higher than the 0.2% rise in November and more than the Dow Jones consensus estimate for a 0.3% increase. Looking at core PPI, the increase was even higher, up 0.7% compared to the 0.3% estimate.

Both gold and silver prices dipped on Friday, weighing down stocks and funds with exposure to both assets. Spot silver fell 15%, settling at around $98.66 per ounce and below a key $100 milestone. Meanwhile, spot gold was last down 7% and trading at $5,009.46 per ounce.

Shares of Apple (AAPL) slipped nearly 1% in Friday’s premarket session even after the iPhone maker posted an earnings and revenue beat for its fiscal first quarter. In the quarter, Apple earned $2.84 per share, higher than the $2.67 analysts had expected. The company’s $143.76 billion revenue also exceeded estimates for $138.48 billion. iPhone revenue surged 23% year over year to $85.26 billion. The company attributed this to strong demand for the latest iPhone 17, which was released in September.

Chevron (CVX) fourth-quarter earnings topped analyst expectations thanks to record oil production. The company earned an adjusted $1.52 per share, beating a consensus of $1.45 per share. However, shares were down slightly in the premarket as revenue of $46.87 billion fell short of estimates.

Fewer Main Street investors describe themselves as pessimistic about the six-month outlook for stocks, according to the latest weekly survey from the American Association of Individual Investors. More investors say they’re optimistic or neutral about the short-term direction of the market. Bearish sentiment narrowed to 30.8% in the latest poll from 32.7% in the prior survey, the sixth time in nine weeks that pessimism was below its historical average of 31.0%. Bullish sentiment increased to 44.4% from 43.2% last week and was above the long-run historical average of 37.5% for the ninth time in 12 weeks. Investors have been unusually opinionated about the outlook for stocks for more than 18 months. Neutral sentiment toward stocks held steady, at 24.8% of respondents versus 24.1% the week before, the 80th time in 82 weeks that neutral sentiment was below its historical average of 31.5%.

Visa (V) slipped nearly 2% in extended trading despite strong fiscal first-quarter results. Visa earned $3.17 per share, on an adjusted basis, on revenue of $10.9 billion thanks to a jump in cross-border payments and payments volume. That came out higher than the $3.14 in earnings per share and $10.69 billion estimate from analysts.

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

The national average price of gasoline is down five-tenths of a cent at $2.874 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 1/13/2026 before the market open with $4.63, missing estimates for $5.009 per share.

Goldman Sachs (GS) reported earnings on 1/15/2026 before the market open with $14.01, beating estimates for $11.776 per share.

3M (MMM) reported earnings on 1/20/2026 before the market open with $1.83, beating estimates for $1.807 per share.

Johnson & Johnson (JNJ) reported earnings on 1/21/2026 before the market open with $2.46, beating estimates for $2.434 per share.

Travelers (TRV) reported earnings on 1/21/2026 before the market open with $11.13, beating estimates for $8.419 per share.

Procter & Gamble (PG) reported earnings on 1/22/2026 before the market open with $1.88, beating estimates for $1.874 per share.

Boeing (BA) reported earnings on 1/27/2026 before the market open with $9.92, beating estimates for -$0.399 per share.

UnitedHealth (UNH) reported earnings on 1/27/2026 before the market open with $2.11, beating estimates for $2.093 per share.

IBM (IBM) reported earnings on 1/28/2026 after the market close with $4.52, beating estimates for $4.33 per share.

Microsoft (MSFT) reported earnings on 1/28/2026 after the market close with $4.14, beating estimates for $3.875 per share.

Caterpillar (CAT) reported earnings on 1/29/2026 before the market open with $5.16, beating estimates for $4.674 per share.

Sherwin Williams (SHW) reported earnings on 1/29/2026 before the market open with $2.23, beating estimates for $2.122 per share.

Honeywell (HON) reported earnings on 1/29/2026 before the market open with $2.59, beating estimates for $2.527 per share.

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

Visa (V) 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.

Disney (DIS) reports earnings on 2/2/2026 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.

Amazon (AMZN) reports earnings on 2/5/2026 after the market close.

Coca Cola (KO) reports earnings on 2/10/2026 before the market open.

McDonalds (MCD) reports earnings on 2/11/2026 before the market open.

Cisco (CSCO) reports earnings on 2/11/2026 after the market close.

Walmart (WMT) reports earnings on 2/19/2026 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 214.08 (-6.09%) is down -19.19% in 2026.

Financial Calendar

08:30 AM ET Core PPI (YoY) (Dec), 2.9%, 3.0%
08:30 AM ET PPI (MoM) (Dec), 0.2%, 0.2%
08:30 AM ET PPI (YoY) (Dec), 2.7%, 3.0%
08:30 AM ET PPI ex. Food/Energy/Transport (YoY) (Dec), 3.5%
08:30 AM ET PPI ex. Food/Energy/Transport (MoM) (Dec), 0.2%
09:45 AM ET Chicago PMI (Jan), 43.5, 43.5
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 411
13:00 PM ET U.S. Baker Hughes Total Rig Count, 544
15:00 PM ET FOMC Member Bowman Speaks
15:30 PM ET CFTC Aluminium speculative net positions, -3.4K
15:30 PM ET CFTC Copper speculative net positions, 52.6K
15:30 PM ET CFTC Corn speculative net positions, -51.7K
15:30 PM ET CFTC Crude Oil speculative net positions, 78.8K
15:30 PM ET CFTC Gold speculative net positions, 244.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 21.1K
15:30 PM ET CFTC Natural Gas speculative net positions, -193.5K
15:30 PM ET CFTC S&P 500 speculative net positions, -81.8K
15:30 PM ET CFTC Silver speculative net positions, 25.2K
15:30 PM ET CFTC Soybeans speculative net positions, 58.1K
15:30 PM ET CFTC Wheat speculative net positions, -93.7K
17:00 PM ET FOMC Member Bowman Speaks
16:30 PM ET Reserve Balances with Federal Reserve Banks, 2.957T