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 down -25 points.

Wednesday the Dow was up +110.94 (+0.61%) at 18,8339.24.

Year-to-date the Dow is up +5.25%.

There were 29 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) +4.48% and Exxon Mobil (XOM) +4.40%.

The Dow stock losers Wednesday were led by Nike (NKE) -3.78% and McDonald’s (MCD) -1.45%.

Gross domestic product expanded at an inflation-adjusted 1.4% seasonally adjusted annual rate in the second quarter. That is up from last month’s estimate of a 1.1% growth rate during the spring. Economists had expected revised GDP growth to be 1.3% for the April to June period.

The S&P/Case-Shiller 20-City Composite Index rose 5.0% year-over-year, missing analysts’ expectations of a 5.1% increase but still above the 4.8% pace of the prior two years.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up one-tenth of a cent at $2.209 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +19.84% year-to-date.

Financial Calendar

0500 ET Philadelphia Fed President Patrick Harker (non-voter) delivers a speech on the economic outlook at the Global Interdependence Center in Dublin, Ireland.

0830 ET Weekly initial unemployment claims expected +8,000 to 260,000, previous -8,000 to 252,000. Weekly continuing claims expected +16,000 to 2.129 million, previous -36,000 to 2.113 million.

0830 ET Revised Q2 GDP expected +1.3% (q/q annualized), previous +1.1%. Q2 personal consumption expected unrevised at +4.4%. Q2 GDP price index expected unrevised at +2.3%. Q2 core PCE expected unrevised at +1.8% q/q.

0830 ET Aug wholesale inventories expected unch m/m, Jul unch m/m.

0830 ET USDA weekly Export Sales.

0850 ET Atlanta Fed President Dennis Lockhart (non-voter) speaks at the 2016 Future of Florida Forum.

1000 ET Fed Governor Jerome Powell delivers a keynote address at the research conference Community Banking in the 21st Century.

1000 ET Aug pending home sales expected unch m/m, Jul +1.3% m/m and -2.2% y/y.

1400 ET Minneapolis Fed President Neel Kashkari (non-voter) speaks during a town hall event in Rapid City, SD.

1600 ET Fed Chair Janet Yellen speaks via video link to a forum for minority bankers hosted by the Kansas City Fed.