There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

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 “economic uncertainty in the industry” 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.

Earnings Reports.

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 year’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 year’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 year’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 year’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 year’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 year’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 year’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 year’s EPS of $0.04 on revenue of $6.36 billion.

Today’s Featured Dow Stock

Exxon Mobil Corp. (XOM)

Exxon Mobil Corp. (XOM) is down -12.04% year-to-date.

Financial Calendar

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.