Dow stocks at 52 week highs include Disney (DIS), McDonald’s (MCD), 3M (MMM), Microsoft (MSFT) and Visa (V). Dow stock 52 week lows include Walgreens (WBA).

The Market

Premarket today, the Dow was indicated to open down -111 points.

Wednesday the Dow was down -59.34 (-0.22%) at 26,597.05.

Year-to-date the Dow is up +14.02%.

There were 12 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) +1.30%, McDonald’s (MCD) +1.21% and Nike (NKE) +1.10%.

The Dow stock losers Wednesday were led by Chevron (CVX) -3.07%, Caterpillar (CAT) -3.03% and Dow (DOW) -2.88%.

Shares of 3M (MMM) dropped more than 9% after the company reported earnings that were much lower than analysts had expected. The company also slashed its full-year outlook and announced plans to cut 2,000 jobs worldwide. See earnings section below.

Intel (INTC) reports earnings after the close today.

Unemployment insurance weekly claims in the week ending April 20, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 37,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 192,000 to 193,000. The 4-week moving average was 206,000, an increase of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 201,250 to 201,500.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up 1.1 cents at $2.877 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2019 after the market close of $0.68, beating estimates of $0.662 per share.

Walgreens (WBA) reported earnings on 4/2/2019 before the market open of $1.64, missing estimates calling for $1.732 per share.

JPMorgan (JPM) reported earnings on 4/12/201 before the market open of $2.65, beating estimates calling for $2.337 per share.

Goldman Sachs (GS) reports earnings on 4/15/201 before the market open of $5.71, beating estimates calling for $5.243 per share.

Johnson & Johnson (JNJ) reported earnings on 4/16/201 before the market open of $2.10, beating estimates of $2.064 per share.

UnitedHealth (UNH) reported earnings on 4/16/201 before the market open of $3.73, beating estimates calling for $3.63 per share.

IBM (IBM) reported earnings on 4/16/2019 after the market close of $2.25, missing estimates of $2.271 per share.

American Express (AXP) reported earnings on 4/18/201 before the market open of $2.01, essentially meeting estimates of $2.014 per share.

Travelers (TRV) reported earnings on 4/18/201 before the market open of $2.83, beating estimates calling for $2.678 per share.

Coca Cola (KO) reported earnings on 4/23/201 before the market open of $0.48, beating estimates of $0.473 per share.

Procter & Gamble (PG) reported earnings on 4/23/201 before the market open of $1.06, meeting estimates of $1.06 per share.

United Technologies (UTX) reported earnings on 4/23/201 before the market open of $1.91, beating estimates calling for $1.825 per share.

Verizon (VZ) reported earnings on 4/23/201 after the market close of $1.20, beating estimates of $1.191 per share.

Boeing (BA) reported earnings on 4/24/201 before the market open of $3.16, missing estimates calling for $3.291 per share.

Caterpillar (CAT) reported earnings on 4/24/201 before the market open of $2.94, beating estimates of $2.856 per share.

Microsoft (MSFT) reported earnings on 4/24/2019 after the market close of $1.14, beating estimates of $1.051 per share.

Visa (V) reported earnings on 4/24/2019 after the market close of $1.31, beating estimates of $1.281 per share.

3M (MMM) reported earnings on 4/25/201 before the market open of $2.23, missing estimates calling for $2.519 per share.

Intel (INTC) reports earnings on 4/25/2019 after the market close.

Chevron (CVX) reports earnings on 4/26/201 before the market open.

Exxon Mobil (XOM) reports earnings on 4/26/201 before the market open.

McDonald’s (MCD) reports earnings on 4/30/201 before the market open.

Merck (MRK) reports earnings on 4/30/201 before the market open.

Pfizer (PFE) reports earnings on 4/30/201 before the market open.

Apple (AAPL) reports earnings on 4/30/2019 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +31.33% year-to-date.

Financial Calendar

8:30 AM ET Durable Goods Orders

8:30 AM ET Jobless Claims

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply