Dow stocks hitting 52 week highs include Caterpillar (CAT), Dow (DOW) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +99 points.

Wednesday the Dow was down -8.22 (-0.03%) at 31,060.47.

Year-to-date the Dow is up +1.48%.

There were 15 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Intel (INTC) 56.95 (+6.97%), Walgreens (WBA) 48.94 (+2.04%) and Apple (AAPL) 130.89 (+1.62%).

The Dow stock losers Wednesday were led by IBM (IBM) 126.92 (-1.77%), Dow (DOW) 60.03 (-1.65%) and Nike (NKE) 143.04 (-1.39%).

Unemployment insurance weekly claims in the week ending January 9, the advance figure for seasonally adjusted initial claims was 965,000, an increase of 181,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 787,000 to 784,000. The 4-week moving average was 834,250, an increase of 18,250 from the previous week’s revised average. The previous week’s average was revised down by 2,750 from 818,750 to 816,000. The advance seasonally adjusted insured unemployment rate was 3.7 percent for the week ending January 2, an increase of 0.2 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 2 was 5,271,000, an increase of 199,000 from the previous week’s unrevised level of 5,072,000. The 4-week moving average was 5,215,750, a decrease of 59,000 from the previous week’s unrevised average of 5,274,750. The total number of continued weeks claimed for benefits in all programs for the week ending December 26 was 18,406,940, a decrease of 744,511 from the previous week. There were 2,176,360 weekly claims filed for benefits in all programs in the comparable week in 2019.

After Wednesday’s market close, the House impeached President Donald Trump for inciting an insurrection at the Capitol last week.

Ten Republicans joined all of the House Democrats in a 232-197 vote to impeach Trump. GOP Sen. Mitch McConnell, majority leader until Georgia certifies the Democrats’ two runoff election wins, said the Senate won’t start Trump’s trial until Tuesday. That’s one day before President-elect Joe Biden’s inauguration, which is expected to be locked down with unprecedented security.

Biden is expected to unveil today a coronavirus action plan, centering on a mass vaccination program and closer coordination among all levels of government. The Biden plan comes as the U.S. battles another surge in Covid cases and deaths.

Johnson & Johnson’s one-dose Covid vaccine is safe and appears to generate a promising immune response in young and elderly volunteers, according to trial data published in the New England Journal of Medicine. J&J is expected to release results from its 45,000-person phase three trial later this month, which could then lead to a third vaccine approved for emergency use in the U.S. by the FDA.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.5 cents at $2.365 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reports earnings on 1/15/2021 before the market open.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reports earnings on 1/20/2021 before the market open.

UnitedHealth (UNH) reports earnings on 1/20/2021 before the market open.

Coca Cola (KO) reports earnings on 1/21/2021 before the market open.

Travelers (TRV) reports earnings on 1/21/2021 before the market open.

Intel (INTC) reports earnings on 1/21/2021 after the market close.

IBM (IBM) reports earnings on 1/21/2021 after the market close.

3M (MMM) reports earnings on 1/26/2021 before the market open.

American Express (AXP) reports earnings on 1/26/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/26/2021 before the market open.

Verizon (VZ) reports earnings on 1/26/2021 before the market open.

Microsoft (MSFT) reports earnings on 1/26/2021 after the market close.

Boeing (BA) reports earnings on 1/27/2021 before the market open.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

Visa (V) reports earnings on 1/27/2021 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 50.16 (+0.10%) is down -8.53% in 2021.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Import and Export Prices

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 10-Yr TIPS Announcement

11:00 AM ET 20-Yr Bond Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

12:30 PM ET Jerome Powell Speaks

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply