Dow stocks hitting 52-week highs include Amazon (AMZN) 263.04 (+1.29%). There were no Dow stocks hitting 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +316 points.

Wednesday the Dow closed down -280.12 (-0.57%) at 48,861.81.

Year-to-date the Dow is up +1.66%.

Wednesday, (8) Dow stocks were up, none made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Wednesday were led by Visa (V) 334.86 (+8.26%), Cisco (CSCO) 89.57 (+3.12%) and Chevron CVX) 192.22 (+2.05%).

The Dow stock losers Wednesday were led by Boeing (BA) 224.11 (-2.86%), IBM (IBM) 227.10 (-2.55%) and Travelers (TRV) 302.25 (-2.51%).

The VIX closed Wednesday at 18.30 (+2.64%) and the 10 YR at 4.396 (+0.96%). The VIX is currently at 17.78 (-5.48%). The 10YR is at 4.390 (-0.50%).

Shares of Caterpillar (CAT) were up nearly 6% in premarket trading after it reported first quarter earnings before the bell on Thursday. The construction equipment manufacturer reported adjusted earnings of $5.54 per share and $17.42 billion in revenue compared to the consensus estimate of $4.65 per share and $16.53 billion in revenue, according to analysts. Caterpillar also said it expects higher sales and revenue for the current quarter year-over-year. Caterpillar is up more than 160% in the last year and 41% in 2026 as construction demand has risen amid the artificial intelligence buildout.

Microsoft (MSFT) reported an earnings and revenue beat in its fiscal third quarter. Revenue from Azure and other cloud services rose 40%.

Oil prices reversed course Thursday, with Brent crude futures losing 3% to trade above $114 a barrel and West Texas Intermediate futures falling 2% to trade above $104. Crude prices rose Wednesday as overseas tensions remained high between the U.S. and Iran. The Wall Street Journal, citing U.S. officials, reported that Trump told his aides to prepare for an extended blockade of Iran.

The Federal Reserve voted to hold interest rates steady in the range of 3.5% to 3.75%, as investors had largely expected, although the 8-4 vote marked the first time four Fed officials have dissented since 1992. The April Fed policy meeting will likely be Fed chair Jerome Powell’s last at the helm before his term ends next month. Kevin Warsh, Trump’s nominee to succeed Powell, appears on track to take over at the central bank.

Amazon (AMZN) rose 4% after the company reported first-quarter results that were above estimates.

Personal income increased $149.2 billion (0.6 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $142.5 billion (0.6 percent), and personal consumption expenditures (PCE) increased $195.4 billion (0.9 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $198.6 billion in March. Personal saving was $857.3 billion in March, and the personal saving rate—personal saving as a percentage of DPI—was 3.6 percent.

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

The national average price of gasoline is up 7.1 cents at $4.300 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/31/26 after the market close with $0.35, beating estimates for $0.29 per share.

Goldman Sachs (GS) reported earnings on 4/13/26 before the market open with $17.55, beating estimates for $16.342 per share.

Johnson & Johnson (JNJ) reported earnings on 4/14/26 before the market open with $2.70, beating estimates for $2.671 per share.

JPMorgan (JPM) reported earnings on 4/14/26 before the market open with $5.94, beating estimates for $5.486 per share.

Travelers (TRV) reported earnings on 4/16/26 before the market open with $7.71, beating estimates for $6.976 per share.

3M (MMM) reported earnings on 4/21/26 before the market open with $2.14, beating estimates for $2.016 per share.

UnitedHealth (UNH) reported earnings on 4/21/26 before the market open with $7.23, beating estimates for $6.475 per share.

Boeing (BA) reported earnings on 4/22/26 before the market open with -$0.20, beating estimates for -$0.946 per share.

IBM (IBM) reported earnings on 4/22/26 after the market close with $1.91, beating estimates for $1.813 per share.

American Express (AXP) reported earnings on 4/23/26 before the market open with $4.28, beating estimates for $4.033 per share.

Honeywell (HON) reported earnings on 4/23/26 before the market open with $2.45, beating estimates for $2.309 per share.

Procter & Gamble (PG) reported earnings on 4/24/26 before the market open with $1.59, beating estimates for $1.563 per share.

Verizon (VZ) reported earnings on 4/27/26 before the market open with $1.24, beating estimates for $1.217 per share.

Coca Cola (KO) reported earnings on 4/28/26 before the market open with $0.86, beating estimates for $0.809 per share.

Sherwin Williams (SHW) reported earnings on 4/28/26 before the market open with $2.35, beating estimates for $2.24 per share.

Visa (V) reported earnings on 4/28/26 after the market close with $3.31, beating estimates for $3.091 per share.

Amazon (AMZN) reported earnings on 4/29/26 after the market close with $2.78, beating estimates for $1.595 per share.

Microsoft (MSFT) reported earnings on 4/29/26 after the market close with $4.27, beating estimates for $4.068 per share.

Caterpillar (CAT) reported earnings on 4/30/26 before the market open with $5.54, beating estimates for $4.55 per share.

Merck (MRK) reported earnings on 4/30/26 before the market open with -$1.28, beating estimates for -$1.514 per share.

Apple (AAPL) reports earnings on 4/30/26 after the market close.

Amgen (AMGN) reports earnings on 4/30/26 after the market close.

Chevron (CVX) reports earnings on 5/1/26 before the market open.

Disney (DIS) reports earnings on 5/6/26 before the market open.

McDonald’s (MCD) reports earnings on 5/7/26 before the market open.

Cisco (CSCO) reports earnings on 5/13/26 after the market close.

Home Depot (HD) reports earnings on 5/19/26 before the market open.

Nvidia (NVDA) reports earnings on 5/20/26 after the market close.

Walmart (WMT) reports earnings on 5/21/26 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 89.57 (+3.12%) is up +16.28% in 2026.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,820K, 1,821K
08:30 AM ET Core PCE Price Index (MoM) (Mar), 0.3%, 0.4%
08:30 AM ET Core PCE Price Index (YoY) (Mar), 3.2%, 3.0%
08:30 AM ET Core PCE Prices (Q1), 4.10%, 2.70%
08:30 AM ET Employment Benefits (QoQ) (Q1), 0.70%
08:30 AM ET Employment Cost Index (QoQ) (Q1), 0.8%, 0.7%
08:30 AM ET Employment Wages (QoQ) (Q1), 0.70%
08:30 AM ET GDP (QoQ) (Q1), 2.2%, 0.5%
08:30 AM ET GDP Price Index (QoQ) (Q1), 3.8%, 3.7%
08:30 AM ET GDP Sales (Q1), 0.3%
08:30 AM ET Initial Jobless Claims, 213K, 214K
08:30 AM ET Jobless Claims 4-Week Avg., 210.75K
08:30 AM ET PCE price index (MoM) (Mar), 0.7%, 0.4%
08:30 AM ET PCE Price index (YoY) (Mar), 3.5%, 2.8%
08:30 AM ET PCE Prices (Q1), 2.9%
08:30 AM ET Personal Income (MoM) (Mar), 0.3%, -0.1%
08:30 AM ET Personal Spending (MoM) (Mar), 0.9%, 0.5%
08:30 AM ET Real Consumer Spending (Q1), 1.9%
08:30 AM ET Real Personal Consumption (MoM) (Mar), 0.1%
09:45 AM ET Chicago PMI (Apr), 54.8, 52.8
10:00 AM ET Atlanta Fed GDPNow (Q2)
10:00 AM ET Dallas Fed PCE (Mar), 1.80%
10:00 AM ET US Leading Index (MoM) (Feb), -0.2%, -0.1%
10:30 AM ET Natural Gas Storage, 83B, 103B
11:30 AM ET 4-Week Bill Auction, 3.595%
11:30 AM ET 8-Week Bill Auction, 3.605%
16:30 PM ET Fed’s Balance Sheet, 6,707B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 2.915T