Dow stocks at 52 week highs include American Express (AXP), Home Depot (HD), Pfizer (PFE) and Verizon (VZ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +106 points.

Wednesday the Dow was up +27.86 (+0.11%) at 25,998.92.

Year-to-date the Dow is up +5.18%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) +2.39% and Boeing (BA) +2.36%.

The Dow stock losers Wednesday were led by 3M (MMM) -2.39% and Apple (AAPL) -1.24%.

Unemployment insurance weekly claims in the week ending September 8, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of 1,000 from the previous week’s revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The previous week’s level was revised up by 2,000 from 203,000 to 205,000. The 4-week moving average was 208,000, a decrease of 2,000 from the previous week’s revised average. This is the lowest level for this average since December 6, 1969 when it was 204,500. The previous week’s average was revised up by 500 from 209,500 to 210,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 1, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 1 was 1,696,000, a decrease of 15,000 from the previous week’s revised level. This is the lowest level for insured unemployment since December 1, 1973 when it was 1,692,000. The previous week’s level was revised up 4,000 from 1,707,000 to 1,711,000. The 4-week moving average was 1,711,250, a decrease of 8,250 from the previous week’s revised average. This is the lowest level for this average since November 24, 1973 when it was 1,706,000. The previous week’s average was revised up by 1,000 from 1,718,500 to 1,719,500.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up five-tenths of a cent at $2.844 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/25/2018 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -7.51% year-to-date.

Financial Calendar

08:00 IEA Monthly Report

12:30 Continuing Jobless Claims, 1,710K, 1,707K

12:30 Core CPI (MoM) (Aug), 0.2%, 0.2%

12:30 Core CPI (YoY) (Aug), 2.4%, 2.4%

12:30 Core CPI Index (Aug), 257.93

12:30 CPI (MoM) (Aug), 0.3%, 0.2%

12:30 CPI (YoY) (Aug), 2.8%, 2.9%

12:30 CPI Index, n.s.a. (Aug), 252.40, 252.01

12:30 Initial Jobless Claims, 210K, 203K

12:30 Jobless Claims 4-Week Avg., 209.50K

12:30 Real Earnings (MoM) (Aug), -0.2%

14:00 FOMC Member Quarles Speaks

14:30 Natural Gas Storage, 68B, 63B

15:00 Cleveland CPI (MoM) (Aug), 0.2%

17:00 30-Year Bond Auction, 3.090%

17:15 FOMC Member Bostic Speaks

18:00 Federal Budget Balance (Aug), -169.8B, -77.0B