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

The Market

Premarket today, the Dow was indicated to open up +8 points.

Thursday the Dow was down -195.79 (-1.07%) at 18,143.45.

Year-to-date the Dow is up +4.12%.

There were 2 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Caterpillar (CAT) +1.02% and Verizon (VZ) +0.12%.

The Dow stock losers Thursday were led by Goldman Sachs (GS) -2.75% and Merck (MRK) -2.20%.

Wal-Mart (WMT -1.48%) rose almost 1% in after-hours trading after Keybanc initiated it with an ‘Overweight’ and a price target of $90.

Nike (NKE -2.05%) was rated a new ‘Buy’ at Guggenheim with a price target of $70.

Consumer personal spending was unchanged in August from a month earlier and was the weakest reading since March. Incomes rose 0.2%, the slowest growth since February. Economists had expected personal spending to rise 0.1% and income to increase 0.2% in August. Americans also saved a little more. The personal saving rate rose to 5.7% in August from 5.6% in July.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up seven-tenths of a cent at $2.216 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

Microsoft (MSFT)

Microsoft (MSFT) is up +3.46% year-to-date.

Financial Calendar

0830 ET Aug personal spending expected +0.1%, Jul +0.3%. Aug personal income expected +0.2%, Jul +0.4%. Aug PCE deflator expected +0.2% m/m and +0.9% y/y, Jul unch m/m and +0.8% y/y. Aug core PCE deflator expected +0.2% m/m and +1.7% y/y, Jul +0.1% m/m and +1.6% y/y.

0945 ET Sep Chicago PMI expected +0.5 to 52.0, Aug -4.3 to 51.5.

1000 ET Final-Sep University of Michigan U.S. consumer sentiment index expected +0.2 to 90.0, prelim-Sep unch at 89.8.

1200 ET USDA Q3 quarterly grain stocks.

1200 ET USDA Q3 Hogs & Pigs inventory.