For Dow stocks, CVX, JNJ, PFE, PG, TRV and VZ are at 52 week highs. There are no Dow stock 52 week lows.

The Market

The Dow is down -69 this morning.

The FOMC Wednesday voted to keep policy constant, although members debated extensively the costs and benefits of additional easing, the committee agreed that more accommodation was necessary in the face of fiscal tightening.

The U.S. Department of Labor said jobless claims totaled 336,000 last week, up 2,000 from the prior week, but less than the 345,000 claims expected by analysts

Cyprus continues to heat up, as the European Central Bank told the troubled nation it had until Monday to sort itself out or face the consequences of a potential financial collapse and/or exit from the euro.

European markets are down and Asian markets ended mixed.

The national average price of gasoline is down six-tenths of a cent to $3.691 per gallon.

Earnings Reports

There are no Dow stocks set to announce earnings in the near term.

Lululemon (LULU) is expected to report fourth quarter EPS of $0.74 vs. $0.51 a year ago.

Micron Technology (MU) is expected to report a fourth quarter loss of $0.20 per share vs. a loss of $0.29 per share a year ago.

Nike (NKE) is expected to report third quarter EPS of $0.67 vs. $0.60 a year ago.

Ross Stores (ROST) is expected to report fourth quarter EPS of $1.07 vs. $0.85 a year ago.

Silver Wheaton (SLW) is expected to report fourth quarter EPS of $0.48 vs. $0.41 a year ago.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +8,000 to 340,000, previous -10,000 to 332,000. Weekly continuing claims expected +26,000 to 3.050 mln, previous -89,000 to 3.024 mln.

0830 ET USDA weekly Export Sales.

0900 ET Jan FHFA house price index expected +0.7% m/m, Dec +0.6% m/m.

0900 ET Treasury announces details of 2, 5 and 7-year T-notes March 26-28.

1000 ET Mar Philadelphia Fed manufacturing index expected +9.5 to -3.0, Feb -6.7 to -12.5.

1000 ET Feb existing home sales expected +1.6% to 5.0 mln, Jan +0.4% to 4.92 mln.

1000 ET Feb leading indicators expected +0.4% m/m, Jan +0.2% m/m.

1300 ET Treasury sells $13 billion in 10-year TIPS.