Dow stocks at 52 week highs include American Express (AXP), Home Depot (HD), Intel (INTC), JPMorgan (JPM), Microsoft (MSFT), UnitedHealth (UNH), Visa (V) and Wal-Mart (WMT). Dow stock 52 week lows include General Electric (GE).

The Market

Premarket today, the Dow was indicated to open up +18 points.

Thursday the Dow was up +71.40 (+0.31%) at 23,400.86.

Year-to-date the Dow is up +18.41%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Nike (NKE) +3.40% and American Express (AXP) +2.31%.

The Dow stock losers Thursday were led by 3M (MMM) -1.99% and Pfizer (PFE) -1.16%

Intel (INTC +1.40%) gained over 1% in after-hours trading after it reported Q3 adjusted EPS of $1.01, higher than consensus of 80 cents.

Microsoft (MSFT +0.17%) rose almost 4% in after-hours trading after it reported Q1 EPS of 84 cents, better than consensus of 72 cents.

Gross domestic product grew at a 3% annualized rate (est. 2.6%) following a 3.1% gain in 2Q, best back-to-back quarters since 2014. Consumer spending, biggest part of the economy, grew 2.4% (est. 2.1%) after 3.3% in 2Q. Business fixed investment rose 1.5%, adding 0.25 ppt to growth; spending on nonresidential structures fell, equipment and intellectual property gained, residential dropped. Trade, inventories added a combined 1.14 ppt to growth.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up three-tenths of a cent at $2.466 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.

Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.

3M (MMM) reported earnings on 10/24/2017 before the market open of $2.33, beating estimates of $2.253 per share.

Caterpillar (CAT) reported earnings on 10/24/2017 before the market open of $1.95, beating estimates of $1.301 per share.

McDonald’s (MCD) reported earnings on 10/24/2017 before the market open of $2.32, beating estimates of $1.792 per share.

United Technologies (UTX) reported earnings on 10/24/2017 before the market open of $1.73, beating estimates of $1.719 per share.

Boeing (BA) reported earnings on 10/25/2017 before the market open of $2.72, beating estimates of $2.709 per share.

Coca Cola (KO) reported earnings on 10/25/2017 before the market open of $0.50, meeting estimates of $0.495 per share.

Visa (V) reported earnings on 10/25/2017 before the market open of $0.90, beating estimates of $0.884 per share.

Intel (INTC) reported earnings on 10/26/2017 after the market close of $1.01, beating estimates of $0.815 per share.

Microsoft (MSFT) reported earnings on 10/26/2017 after the market close of $0.84, beating estimates calling for $0.781 per share.

Chevron (CVX) reported earnings on 10/27/2017 before the market open of $1.03, meeting expectations of $1.026 per share.

Merck (MRK) reported earnings on 10/27/2017 before the market open of $1.11, beating estimates calling for $1.04 per share.

Exxon Mobil (XOM) reported earnings on 10/27/2017 before the market open of $0.93, beating estimates of $0.885 per share.

Pfizer (PFE) reports earnings on 10/31/2017 before the market open.

Apple (AAPL) reports earnings on 11/2/2017 after the market close.

Disney (DIS) reports earnings on 11/9/2017 after the market close.

Home Depot (HD) reports earnings on 11/14/2017 before the market open.

Cisco (CSCO) reports earnings on 11/15/2017 after the market close.

Wal-Mart (WMT) reports earnings on 11/16/2017 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +26.29% year-to-date.

Financial Calendar

0830 ET Q3 GDP expected +2.6% (q/q annualized), Q2 +3.1%. Q3 personal consumption expected +2.1%, Q2 +3.3%. Q3 GDP price index expected +1.7%, Q2 +1.0%. Q3 core PCE expected +1.3% q/q, Q2 +0.9% q/q.

1000 ET Final-Oct University of Michigan U.S. consumer sentiment expected -0.4 to 100.7, previous +6.0 to 101.1.