Dow stocks at 52 week highs include American Express (AXP), Caterpillar (CAT) and JPMorgan (JPM). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open down -43 points.
Wednesday the Dow was up +56.39 (+0.25%) at 22,340.71.
Year-to-date the Dow is up +13.05%.
There were 16 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by United Technologies (UTX) +2.14% and Goldman Sachs (GS) +2.10%.
The Dow stock losers Wednesday were led by General Electric (GE) -2.25% and Coca Cola (KO) -2.04%.
The Commerce Department reported that gross domestic product increased at a 3.1 percent annual rate in the April-June period. The upward revision from the 3.0 percent pace of growth reported last month reflected an increase in inventory investment. Growth last quarter was the fastest since the first quarter of 2015 and followed a 1.2 percent pace of growth in the January-March period. Economists had expected that second-quarter GDP growth would be unrevised at a 3.0 percent rate.
IThe Labor Department reported that initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept. 23. Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists had forecast claims rising to 270,000 in the latest week.
European stocks are mostly higher and Asian markets ended mostly lower.
The national average price of gasoline is up two-tenths of a cent at $2.573 per gallon.
Nike (NKE) reportsed earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.
Today’s Featured Dow Stock
3M (MMM) is up +13.99% year-to-date.
0830 ET Weekly initial unemployment claims expected +11,000 to 270,000, previous -23,000 to 259,000. Weekly continuing claims expected +13,000 to 1.993 million, previous +44,000 to 1.980 million.
0830 ET Revised Q2 GDP expected +unrevised at 3.0% (q/q annualized). Q2 personal consumption expected unrevised at +3.3%. Q2 GDP price index expected unrevised at +1.0%. Q2 core PCE deflator expected unrevised at +0.9% q/q.
0830 ET Aug wholesale inventories expected +0.4%, Jul +0.6% m/m.
0830 ET USDA weekly Export Sales.
0945 ET Kansas City Fed President Esther George (non-voter) speaks on the U.S. economy and monetary policy at a forum hosted by the Kansas City Fed.
1000 ET Fed Vice Chair Stanley Fischer speaks at the BOE Independence Conference in London on Developments in Central Banking.
1100 ET Sep Kansas City Fed manufacturing activity expected -2 to 14, Aug +6 to 16.
1300 ET Treasury auctions $28 billion of 7-year T-notes.
1330 ET Atlanta Fed President Raphael Bostic (non-voter) speaks on a Webcast about careers leveraging economics.
1500 ET USDA Q3 Hogs & Pigs Inventory.