Dow stocks at 52 week highs include McDonald’s (MCD).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -45 points.

Wednesday the Dow was down -39.73 (-0.16%) at 24,140.91.

Year-to-date the Dow is up +22.15%.

There were 11 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +1.46% and Visa (V) +1.07%.

The Dow stock losers Wednesday were led by Merck (MRK) -2.55% and Disney (DIS) -1.64%.

General Electric (GE) plans to cut 12,000 jobs in its power division as the industrial conglomerate’s new CEO institutes sweeping changes and the company grapples with a decline in business for coal and natural gas products.

Unemployment insurance weekly claims for the week ending December 2, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of
2,000 from the previous week’s unrevised level of 238,000. The 4-week moving average was 241,500, a decrease of 750 from the previous week’s unrevised average of 242,250.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.477 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is up +8.55% year-to-date.

Financial Calendar

0730 ET Nov Challenger job cuts, Oct -3.0% y/y.

0830 ET Weekly initial unemployment claims expected +2,000 to 240,000, previous -2,000 to 238,000. Weekly continuing claims expected -38,000 to 1.919 million, previous +42,000 to 1.957 million.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Dec 11-12.

1500 ET Oct consumer credit expected +$17.0 billion, Sep +$20.83 billion.