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

The Market

Premarket today, the Dow was indicated to open up +7 points.

Wednesday the Dow closed up +236.82 (+0.68%) at 34,814.39.

Year-to-date the Dow is up +13.75%.

There were 25 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) 50.12 (+3.94%), Chevron (CVX) 98.24 (+2.12%) and Caterpillar (CAT) 205.73 (+1.68%). NOTE: WBA, CVX and CAT were yesterdays biggest losers. So what changed investors minds?

The Dow stock losers Wednesday were led by Cisco (CSCO) 57.56 (-0.54%), Nike (NKE) 157.91 (-0.54%) and Goldman Sachs (GS) 401.95 (-0.43%). NOTE: Nike reports earnings next week on 9/23/2021 after the market close.

The Dow is 2.3% away from its Aug. 16 closing record.

Unemployment insurance weekly claims in the week ending September 11, the advance figure for seasonally adjusted initial claims was 332,000, an increase of 20,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 310,000 to 312,000. The 4-week moving average was 335,750, a decrease of 4,250 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 339,500 to 340,000. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending September 4, a decrease of 0.2 percentage point from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 2.0 to 2.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending September 4 was 2,665,000, a decrease of 187,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 14, 2020 when it was 1,770,000. The previous week’s level was revised up 69,000 from 2,783,000 to 2,852,000. The 4-week moving average was 2,807,500, a decrease of 50,000 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week’s average was revised up by 17,250 from 2,840,250 to 2,857,500. The total number of continued weeks claimed for benefits in all programs for the week ending August 28 was 12,106,727, an increase of 178,937 from the previous week. There were 30,383,772 weekly claims filed for benefits in all programs in the comparable week in 2020.

US futures are mixed, European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up eight-tenths of a cent at $3.191 per gallon.

Earnings Reports

Nike (NKE) reports earnings on 9/23/2021 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 214.22 (+1.25%) is up +0.00% in 2021 (well actually it is up $0.16 YTD).

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Manufacturing Index

8:30 AM ET Retail Sales

10:00 AM ET Business Inventories

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 2-Yr FRN Note 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

4:00 PM ET Treasury International Capital

4:30 PM ET Fed Balance Sheet