Dow stocks at 52 week highs include Cisco (CSCO), Home Depot (HD) and Wal-Mart (WMT). Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open down -67 points.

Wednesday the Dow was down -36.64 (-0.17%) at 22,048.70.

Year-to-date the Dow is up +11.57%.

There were 15 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Home Depot (HD) +1.25% and Travelers (TRV) +1.24%.

The Dow stock losers Wednesday were led by Disney (DIS) -3.88% and Boeing (BA) -1.58%.

The number of people who applied for U.S. unemployment-insurance benefits rose by 3,000 to 244,000 in the week that ended August 5. Economists had expected the government to report that initial claims for regular state unemployment-insurance benefits rose 2,000 to 242,000. The average of new claims over the past month slipped by 1,000 to 241,000.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.360 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 reported 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) reported earnings on 7/27/2017 after the market close of $0.72, beating expectations for $0.692 per share.

Chevron (CVX) reported earnings on 7/28/2017 before the market open of $0.77, missing estimates calling for $0.977 per share.

Exxon Mobil (XOM) reported earnings on 7/28/2017 before the market open of $0.78, missing estimates calling for $0.881 per share.

Merck (MRK) reported earnings on 7/28/2017 before the market open of $1.01, beating estimates calling for $0.879 per share.

Pfizer (PFE) reported earnings on 8/1/2017 before the market open of $0.67, beating estimates calling for $0.659 per share.

Apple (AAPL) reported earnings on 8/1/2017 after the market close of $1.67, beating estimates of $1.607 per share.

Disney (DIS) reported earnings on 8/8/2017 after the market close of $1.58, just beating estimates calling for $1.571 per share.

Home Depot (HD) reports earnings on 8/15/2017 before the market open.

Cisco (CSCO) reports earnings on 8/16/2017 after the market close.

Wal-Mart (WMT) reports earnings on 8/17/2017 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -9.67% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected unch at 240,000, previous -5,000 to 240,000. Weekly continuing claims expected -8,000 to 1.960 million, previous +3,000 to 1.968 million.

0830 ET Jul PPI final demand expected +0.1% m/m and +2.2% y/y, Jun +0.1% m/m and +2.0% y/y. Jul PPI ex food & energy expected +0.2% m/m and +2.1% y/y, Jun +0.1% m/m and +1.9% y/y.

0830 ET USDA weekly Export Sales.

1000 ET New York Fed President William Dudley (voter) holds an economic press briefing on regional wage inequality.

1200 ET USDA Aug WASDE crop production.

1300 ET Treasury auctions $15 billion 30-year T-bonds.

1400 ET Jul monthly budget statement expected -$52.0 billion, Jun -$90.2 billion.