Dow stocks at 52 week highs include Coca Cola (KO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -33 points.

Wednesday, the Dow closed down -238.19 (-1.40%) at 16,804.71.

Year-to-date the Dow is up +1.38%.

There was 1 Dow stock winner Wednesday.

Dow stock losers Wednesday included Intel (INTC) -2.38%, Johnson & Johnson (JNJ) -2.15% and Boeing (BA) -2.13%.

Dow stock winners Wednesday included Coca Cola (KO) +0.19%.

The Labor Department reported jobless claims dropped by 8,000 to 287,000 in the week ended Sept. 27, from a revised 295,000 in the prior period. The median forecast called for 297,000. Continuing claims decreased to an eight-year low.

The Coca-Cola Company (KO) is revising its executive compensation plan after receiving harsh criticism from Warren Buffett and several of its shareholders, who said the plan was excessive. Now Coca-Cola will dial down the stock options available to executive level employees and instead offer cash-based performance awards.

Bank of America (BAC) was upgraded to ‘Buy’ from ‘Neutral’ at UBS.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $3.328 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) will report earnings om 10/14/14 before the market open.

JPMorgan (JPM) will report earnings om 10/14/14 before the market open.

Intel (INTC) will report earnings on 10/14/14 after the market close

Notable earnings reports from Wednesday include:

Acuity Brands, Inc. (AYI) reported fourth quarter EPS of $1.26 on revenue of $668.70 million, compared to last year’s EPS of $1.03 on revenue of $579.80 million.

AZZ Incorporated (NYSE: AZZ) reported second quarter EPS of $0.53 on revenue of $193.40 million, compared to last year’s EPS of $0.64 on revenue of $189.78 million.

Stocks reporting earnings today include:

Constellation Brands, Inc. (STZ) is expected to report second quarter EPS of $1.16 on revenue of $1.64 billion, compared to last year’s EPS of $0.96 on revenue of $1.46 billion.

Global Payments Inc (GPN) is expected to report first quarter EPS of $1.14 on revenue of $675.46 million, compared to last year’s EPS of $1.00 on revenue of $629.68 million.

McCormick & Company, Incorporated (MKC) is expected to report third quarter EPS of $0.81 on revenue of $1.03 billion, compared to last year’s EPS of $0.78 on revenue of $1.02 billion.

Today’s Featured Dow Stock

JPMorgan Chase and Co. (JPM)

JPMorgan Chase and Co. (JPM) is up +16.38% year-to-date.

Financial Calendar

0730 ET Sep Challenger job cuts, Aug -20.7% y/y.

0830 ET Weekly initial unemployment claims expected +4,000 to 297,000, previous +12,000 to 293,000. Weekly continuing claims -14,000 to 2.425 million, previous +7,000 to 2.439 million.

0830 ET USDA weekly Export Sales.

0945 ET Sep New York ISM, Aug -11.0 to 57.1.

1000 ET Aug factory orders expected -9.5%, Jul +10.5%.

1100 ET Treasury announces amounts of 3-year T-notes (previous $27 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Oct 7-9.

1200 ET New York Fed President William Dudley speaks at the NYU Stern School of Business.

1300 ET Atlanta Fed President Dennis Lockhart delivers opening remarks at the Atlanta Feds Center for Human Capital Studies conference on employment and social insurance.

2000 ET St. Louis Fed President James Bullard speaks about eh U.S. economy and monetary policy to business and community leaders in Tupelo, Mississippi.