There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +90 points.

Wednesday the Dow was up +230.94 (+0.96%) at 24,264.30.

Year-to-date the Dow is down -1.84%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) +2.92% and IBM (IBM) +2.85%.

The Dow stock losers Wednesday were led by Boeing (BA) -1.02% and Cisco (CSCO) -0.43%.

Unemployment insurance weekly claims in the week ending March 31, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 215,000 to 218,000. The 4-week moving average was 228,250, an increase of 3,000 from the previous week’s revised average. The previous week’s average was revised up by 750 from 224,500 to 225,250. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 24, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 24 was 1,808,000, a decrease of 64,000 from the previous week’s revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week’s level was revised up 1,000 from 1,871,000 to 1,872,000. The 4-week moving average was 1,848,250, a decrease of 13,500 from the previous week’s revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week’s average was revised up by 250 from 1,861,500 to 1,861,750.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.658 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reports earnings on 4/13/2018 before the market open.

Goldman Sachs (GS) reports earnings on 4/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) is up +0.46% year-to-date.

Financial Calendar

11:30 Challenger Job Cuts (YoY), -4.3%

11:30 Challenger Job Cuts (Mar), 35.4K

12:30 Continuing Jobless Claims, 1,849K, 1,871K

12:30 Exports, 200.91B

12:30 Imports, 257.51B

12:30 Initial Jobless Claims, 225K, 215K

12:30 Jobless Claims 4-Week Avg., 224.50K

12:30 Trade Balance (Feb), -56.90B, -56.60B

13:45 Bloomberg Consumer Confidence, 56.8

14:30 Natural Gas Storage, -26B, -63B

17:00 FOMC Member Bostic Speaks