Dow stocks at 52 week highs include Boeing (BA), Microsoft (MSFT) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +28 points.

Wednesday the Dow was up +97.58 (+0.45%) at 21,711.01.

Year-to-date the Dow is up +9.86%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Boeing (BA) +9.88% and Coca Cola (KO) +1.11%.

The Dow stock loser Wednesday was Nike (NKE) -1.73% and McDonald’s (MCD) -1.61%.

The Fed ended the 2-day policy meeting yesterday by not raising rates.

In the week ending July 22, seasonally adjusted unemployment initial claims was 244,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 244,000, unchanged from the previous week’s revised average. The previous week’s average was revised up by 250 from 243,750 to 244,000.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up five-tenths of a cent at $2.287 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reported earnings on 7/21/2017 before the market open of $0.28, missing estimates calling for $0.532 per share.

Caterpillar (CAT) reported earnings on 7/25/2017 before the market open of$1.49, beating estimates calling for $1.262 per share.

Dupont (DD) reported earnings on 7/25/2017 before the market open of $1.38, beating estimates calling for $1.341 per share.

McDonald’s (MCD) reported earnings on 7/25/2017 before the market open of $1.70, beating estimates of $1.66 per share.

3M (MMM) reported earnings on 7/25/2017 before the market open of $2.58, beating estimates calling for $2.504 per share.

United Technologies (UTX) reported earnings on 7/25/2017 before the market open of $1.85, beating estimates of $1.804 per share.

Coca Cola (KO) reported earnings on 7/26/2017 before the market open of $0.59, beating estimates calling for $0.576 per share.

Boeing (BA) reported earnings on 7/26/2017 before the market open of $2.55, beating estimates of $2.383 per share.

Procter & Gamble repored earnings on 7/27/2017 before the market open of $0.85, beating estimates of $0.789 per share.

Verizon (VZ) reported earnings on 7/27/2017 before the market open of $0.96, meeting expectations for $0.961 per share.

Intel (INTC) reports earnings on 7/27/2017 after the market close.

Chevron (CVX) reports earnings on 7/28/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 7/28/2017 before the market open.

Merck (MRK) reports earnings on 7/28/2017 before the market open.

Pfizer (PFE) reports earnings on 8/1/2017 before the market open.

Apple (AAPL) reports earnings on 8/1/2017 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +6.54% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +7,000 to 240,000, previous -15,000 to 233,000. Weekly continuing claims expected -18,000 to 1.959 million, previous +28,000 to 1.977 million.

0830 ET Jun durable goods orders expected +3.5% and +0.4% ex transportation, May -0.8% and +0.3% ex transportation. Jun capital goods orders non-defense ex aircraft expected +0.3%, May +0.2%.

0830 ET Jun wholesale inventories expected +0.3%, May +0.3%.

0830 ET Jun Chicago Fed national activity index, May -0.83 to -0.26.

0830 ET USDA weekly Export Sales.

1100 ET Jul Kansas City Fed manufacturing activity expected +1 to 12, Jun +3 to 11.

1300 ET Treasury auctions $28 billion of 7-year T-notes.