Dow stocks at 52 week highs include McDonald’s (MCD)Dow stock 52 week lows include Wal-Mart (WMT).

The Market

Premarket today, the Dow was indicated to open up +53 points.

Wednesday, the Dow was down -157.14 (-0.92%) at 16,924.75

Year-to-date the Dow is down -5.04%.

There were 11 Dow stocks up Wednesday

Dow stock winners Wednesday were led by Intel (INTC) -2.37% and Chevron (CVX) -1.56%.

Dow stock losers Wednesday were led by Wal-Mart (WMT) -10.04% and Boeing (BA) -4.33%.

Goldman Sachs (GS -0.81%) reported Q3 qdjusted EPS of $2.64, well below consensus of $3.00.

UnitedHealth Group (UNH -1.55%) reported Q3 EPS of $1.65, better consensus of $1.64.

Analysts at Bank of America downgraded Wal-Mart Stores, Inc. (WMT) from Buy to Neutral and lowered the price target from $85.00 to $65.00. Wal-Mart shares fell 10.04 percent to close at $60.03 yesterday.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down one cent at $2.293 per gallon. Gas was $3.20 per gallon at the local Gig Harbor Costco.

Earnings Reports.

Johnson & Johnson (JNJ) will reports earnings on 10/13/2015 before the market open.

JPMorgan (JPM) reports earnings on 10/13/2015 after the market close.

Intel (INTC) reports earnings on 10/13/2015 after the market close.

Goldman Sachs (GS) reports earnings on 10/15/2015 before the market open.

UnitedHealth (UNH) reports earnings on 10/15/2015 before the market open.

General Electric (GE) reports earnings on 10/16/2015 before the market open.

IBM (IBM) reports earnings on 10/19/2015 after the market close.

Travelers (TRV) reports earnings on 10/20/2015 before the market open.

United Technologies (UTX) reports earnings on 10/20/2015 before the market open.

Verizon (VZ) reports earnings on 10/20/2015 before the market open.

Boeing (BA) reports earnings on 10/21/2015 before the market open.

Coca Cola (KO) reports earnings on 10/21/2015 before the market open.

American Express (AXP) reports earnings on 10/21/2015 after the market close.

Caterpillar (CAT) reports earnings on 10/22/2015 before the market open.

McDonald’s (MCD) reports earnings on 10/22/2015 before the market open.

3M (MMM) reports earnings on 10/22/2015 before the market open.

Microsoft (MSFT) reports earnings on 10/22/2015 after the market close.

Procter & Gamble (PG) reports earnings on 10/23/2015 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -18.13% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +7,000 to 270,000, previous -13,000 to 263,000. Weekly continuing claims expected -4,000 to 2.200 million, previous +9,000 to 2.204 million.

0830 ET Sep CPI expected -0.2% m/m and -0.1% y/y, Aug -0.1% m/m and +0.2% y/y. Sep CPI ex food & energy expected +0.1% m/m and +1.8% y/y, Aug +0.1% m/m and +1.8% y/y.

0830 ET Oct Empire manufacturing survey general business conditions expected +6.67 to -8.00, Sep +0.25 to -14.67.

1000 ET Oct Philadelphia Fed outlook survey diffusion index general conditions expected +4.0 to -2.0, Sep -14.3 to -6.0.

1030 ET New York Fed President William Dudley speaks at the Brookings Institute in Washington, D.C. about how the Fed should decide the appropriate level of interest rates.

1030 ET St. Louis Fed President James Bullard makes opening remarks at the St. Louis Feds annual fall policy conference.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 30-year TIPS to be auctioned Oct 22.

1630 ET Cleveland Fed President Loretta Mester speaks at the NYU Stern Center for Global Business and Economy.