Dow stocks at 52 week highs include McDonald’s (MCD).Dow stock 52 week lows include Chevron (CVX), Exxon Mobil (XOM), Procter & Gamble and Wal-Mart (WMT).
Premarket today, the Dow was indicated to open down -124 points.
Wednesday, the Dow was down -162.61 (-0.93%) at 17,348.73.
Year-to-date the Dow is down -2.66%.
There were 2 Dow stocks up Wednesday.
Dow stock winners Wednesday were led by Home McDonald’s (MCD) +0.34% and Nike (NKE) +0.12%.
Dow stock losers Wednesday were led by Chevron (CVX) -3.03% and Exxon Mobil (XOM) -2.14%
Disney (DIS -0.46%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Bernstein.
The Labor Department said Thursday that weekly unemployment applications climbed 4,000 to a seasonally adjusted 277,000. The four-week average, a less volatile measure, increased 5,500 to 271,500.
European stocks are lower and Asian markets ended lower.
The national average price of gasoline is down six-tenths of a cent at $2.650 per gallon.
There are no Dow stocks set to report earnings in the near term.
Today’s Featured Dow Stock
Pfizer (PFE) is up +13.23% year-to-date.
0245 ET San Francisco Fed President John Williams delivers keynote address at the Bank of Indonesia-BIS Research Conference in Jakarta, Indonesia.
0830 ET Weekly initial unemployment claims expected -4,000 to 270,000, previous +5,000 to 274,000. Weekly continuing claims expected -8,000 to 2.265 million, previous +15,000 to 2.273 million.
0830 ET USDA weekly Export Sales.
1000 ET Jul existing home sales expected -1.1% to 5.43 million, Jun +3.2% m/m to 5.49 million.
1000 ET Jul leading indicators expected +0.2%, Jun +0.6%.
1000 ET Aug Philadelphia Fed business outlook survey expected +1.1 to 6.8, Jul -9.5 to 5.7.
1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Aug 25-27.
1300 ET Treasury auctions $16 billion of 5-year TIPS in reopening of April 5-year TIPS maturing Apr-2020.
2020 ET Minneapolis Fed President Narayan Kocherlakota speaks in Seoul at a Bank of Korea event titled Macroeconomic Policy and Price Measurement Issues in a Low Inflation Environment.