There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +220 points.
Wednesday, the Dow closed up +288.00 (+1.69%) at 17,356.87.
Year-to-date the Dow is up +4.71%.
All 30 Dow stocks were up Wednesday.
Dow stock winners Wednesday were led by Chevron (CVX) +4.25% and UnitedHealth (UNH) +3.43%.
Amid falling crude prices, Chevron Corporation (CVX) announced that it was putting a drilling project in the Beaufort Sea on hold indefinitely. The company cited â€œeconomic uncertainty in the industryâ€ as its reason for suspending the project, noting that projects in the arctic have the highest drilling costs in the world. With crude prices sliding below $60, the company is unsure that those costs would be covered.
Exxon-Mobile (XOM) climbed over 2% in premarket trading as crude oil rose over +$1.00 a barrel.
European stocks are higher and Asian markets ended mixed.
The national average price of gasoline is down 2.8 cents at $2.477 per gallon.
Nike (NKE) will report earnings on Thursday, 12/18/14 after the market close.
Notable earnings reports from Wednesday include:
FedEx Corporation (FDX) reported second quarter EPS of $2.14 on revenue of $11.90 billion, compared to last yearâ€™s EPS of $1.57 on revenue of $11.40 billion.
General Mills, Inc. (GIS) reported second quarter EPS of $0.80 on revenue of $4.71 billion, compared to last yearâ€™s EPS of $0.83 on revenue of $4.88 billion.
Joy Global Inc. (JOY) reported fourth quarter EPS of $1.25 on revenue of $1.13 billion, compared to last yearâ€™s EPS of $1.11 on revenue of $1.18 billion.
Oracle Corporation (ORCL) reported second quarter EPS of $0.69 on revenue of $9.60 billion, compared to last yearâ€™s EPS of $0.69 on revenue of $9.28 billion.
Stocks reporting earnings today include:
Accenture plc. (ACN) is expected to report first quarter EPS of $1.20 on revenue of $7.7 billion, compared to last yearâ€™s EPS of $1.15 on revenue of $7.36 billion.
ConAgra Foods, Inc. (CAG) is expected to report second quarter EPS of $0.61 on revenue of $4.20 billion, compared to last yearâ€™s EPS of $0.62 on revenue of $4.71 billion.
Nike, Inc. (NKE) is expected to report second quarter EPS of $0.70 on revenue of $7.15 billion, compared to last yearâ€™s EPS of $0.59 on revenue of $6.43 billion.
Rite Aid Corporation (RAD) is expected to report third quarter EPS of $0.05 on revenue of $6.65 billion, compared to last yearâ€™s EPS of $0.04 on revenue of $6.36 billion.
Today’s Featured Dow Stock
Exxon Mobil Corp. (XOM) is down -12.04% year-to-date.
0830 ET Weekly initial unemployment claims expected +1,000 to 295,000, previous -3,000 to 294,000. Weekly continuing claims expected -79,000 to 2.435 million, previous +132,000 to 2.514 million.
0830 ET USDA weekly Export Sales.
0945 ET Preliminary Dec Markit U.S. services PMI expected +0.1 to 56.3, Nov -0.9 to 56.2.
1000 ET Nov leading indicators expected +0.5%, Oct +0.9%.
1000 ET Dec Philadelphia Fed business outlook expected -14.8 to 26.0, Nov +20.1 to 40.8.
1100 ET Treasury announces amount of 2-year T-notes (previous $28 billion), 2-year floating rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Dec 22-26.
1300 ET Treasury auctions $16 billion of 5-year TIPS.