Stocks are moving slightly lower as the Dow Jones industrial average remains just short of the 20,000-point mark.
Bond yields rose taking interest rates higher.
Nike (NKE.N) shares rose 2.4 percent to $53.02 in premarket trading, a day after the world's largest footwear maker reported better-than-expected quarterly revenue and profit.
The Nasdaq is up 464.02 points, or 9.3 percent. Its stock lost $1.93, or 3.1 percent, to $61.14. The Dow and Nasdaq are now on track for their highest closes ever.
Oil prices edged higher on forecasts of a steep draw in USA crude oil stocks that could indicate a global oversupply is starting to shrink.
Bank of America Corporation (NYSE:BAC), Rite Aid Corporation (NYSE:RAD)
The stock price is going above to its 52 week low with 22.91% and lagging behind from its 52 week high with -1.95%. And on that call, Fred's CEO Mike Bloom reiterated that growth in retail and specialty pharmacy was key.
The major US stock indexes continued their low-volume grind higher on Tuesday.
CURRENCIES: The dollar, which has been trading at 14-year highs, continued to gain strength.
European markets were lower as Britain's FTSE 100 was off 0.1% and Germany's DAX dipped 0.1%.
Japan's government upgraded its overall assessment of the economy on Wednesday, echoing a more upbeat view from the Bank of Japan's delivered the day before. It climbed to 118.09 yen from 117.24 yen.
Eight of 11 sectors in the S&P 500 fell as gains in energy and raw materials failed to offset losses in real estate and health-care shares; financial shares slipped 0.2%.
Benchmark 10-year U.S. yields have climbed nearly 80 basis points since early November to reach 2.57 per cent.