Dow stocks at 52 week highs include Caterpillar (CAT).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -11 points.

Wednesday the Dow was up +21.92 (+0.12%) at 18,573.94.

Year-to-date the Dow is up +6.59%.

There were 21 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Pfizer (PFE) +1.01% and 3M (MMM) +0.97%.

The Dow stock losers Wednesday were led by Cisco (CSCO) -1.29% and McDonald’s (MCD) -0.71%.

Cisco Systems (CSCO -1.29%) lost nearly 2% in premarket trading after it said it sees Q1 adjusted ES of 58 cents-60 cents, below consensus of 60 cents, and then said it will cut as many as 5,500 jobs of 7% of its global workforce, citing a “challenging macro environment.”

Wal-Mart (WMT +0.05%) climbed over 3% in premarket trading after it reported Q2 adjusted EPS of $1.07, better than consensus of $1.02, and then raised guidance on fiscal 2017 adjusted EPS to $4.15-$4.35 from a Feb view of $4.00-$4.30.

Jobless claims fell by 4,000 to 262,000 in the week ended Aug. 13, the fewest in a month. The median forecast called for 265,000.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $2.135 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $1.889 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reported earnings on 7/20/2016 after the close of $2.10, beating estimates calling for $1.924 per share.

Intel (INTC) reported earnings on 7/20/2016 after the close of $0.59, beating estimates calling for $0.533 per share.

Travelers (TRV) reported earnings on 7/21/2016 before the market open of $2.24, beating estimates of $2.106 per share.

Visa (V) reported earnings on 7/21/2016 after the close of $0.69, beating estimates calling for $0.669 per share.

General Electric (GE) reported earnings on 7/22/2016 before the market open of $0.51, beating estimates calling for $0.455 per share.

Caterpillar (CAT) reported earnings on 7/26/2016 before the market open $0.963, beating estimates for $0.93 per share.

McDonald’s (MCD) reported earnings on 7/26/2016 before the market open of $1.25, missing estimates for $1.376 per share.

Apple (AAPL) reported earnings on 7/26/2016 after the market close of $1.42, beating estimates of $1.389.

United Technologies (UTX) reported earnings on 7/26/2016 before the market open of $1.82, beating estimates calling for $1.652.

Verizon (VZ) reported earnings on 7/26/2016 before the market open of $0.17, missing estimates calling for $0.941 per share.

Dupont (DD) reported earnings on 7/26/2016 after the market close of $1.24, beating estimates calling for $1.095 per share.

Boeing (BA) reported earnings on 7/27/2016 before the market open of $-0.44, beating estimates for $-0.88 per share.

Coca Cola (KO) reported earnings on 7/27/2016 before the market open of $0.60, beating estimates of $0.578 per share.

Chevron (CVX) reported earnings on 7/29/2016 before the market open of $-0.78, below estimates for $0.312 per share.

Exxon Mobil (XOM) reported earnings on 7/29/2016 before the market open of $0.41, below estimates for $0.638 per share.

Merck (MRK) reported earnings on 7/29/2016 before the market open of $0.93, beating estimates for $0.913 per share.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Disney (DIS) reported earnings on 8/9/2016 after the market close of $1.62, beating estimates calling for $1.605 per share.

Home Depot (HD) reported earnings on 8/16/2016 before the market open of $1.97, beating estimates for $1.958 per share.

Cisco (CSCO) reported earnings on 8/17/2016 after the market close of $0.63, beating estimates for $0.546 per share.

Wal-Mart (WMT) reported earnings on 8/18/2016 before the market open of $1.07, beating estimates calling for $1.023 per share.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +8.86% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -1,000 to 265,000, previous -1,000 to 266,000. Weekly continuing claims expected -14,000 to 2.141 million, previous +14,000 to 2.155 million.

0830 ET Aug Philadelphia Fed business outlook survey expected +4.9 to 2.0, Jul -7.6 to -2.9.

0830 ET USDA weekly Export Sales.

1000 ET Jul leading indicators expected +0.3%, Jun +0.3%.

1000 ET New York Fed President William Dudley (voter) gives remarks and takes questions on the regional economy at a press briefing in New York.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $16 billion), 5-year T-notes (previous $34 billion), and 7-yeaer T-notes (previous $28 billion) to be auctioned Aug 23-25.

1300 ET Treasury auctions $14 billion of 5-year TIPS.

1600 ET San Francisco Fed President John Williams (non-voter) speaks on the economic outlook at the Anchorage Economic Development Corporation Luncheon.

2000 ET Dallas Fed President Robert Kaplan speaks in a moderated Q&A at the Dallas Fed during a joint meeting of the Dallas and Fort Worth chapters of the Association for Financial Professionals.