The Dow Jones today is flat despite a big day of earnings, thanks to an inverted yield curve signaling recession. 30-year U.S. Treasury bonds have also met historic lows.

Yesterday (Wednesday) was the Dow's single worst session of 2019, an 800-point loss.

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Now, here's a closer look at today's most important market events and stocks to watch.

The Top Stock Market Stories for Thursday

• Oil prices continued to drop as concerns about a recession mixed with a surprise uptick in U.S. inventory levels. The Energy Information Administration reported that U.S. crude stocks increased by 1.6 million barrels last week. Analysts had expected a decrease of 2.8 million barrels. Ongoing worries about tariffs, weak economic data from Europe and China, and the recent yield inversion are pushing prices lower as well. WTI crude was off 1% to fall under $55.00 per barrel, while Brent crude dipped another 1.3% to $58.70.

Stock to Watch Today: WMT, M, AMZN, BABA, BRK.A

• Shares of Walmart Inc. (NYSE: WMT) are in focus as the global retail giant reports earnings before the bell today. Retail stocks were absolutely pummeled Wednesday after Macy's (NYSE: M) reported dismal earnings and slashed its forward guidance. Investors in Walmart will look to determine if the company is keeping up with its rival Amazon.com Inc. (Nasdaq: AMZN) on e-commerce sales.
• Alibaba Group (NYSE: BABA) will also report earnings before the bell Wednesday. The Chinese e-commerce giant is expected to report a small downturn in revenue growth. The bigger question, however, for the company is whether its Hong Kong IPO will face any headwinds (or outright cancelation) due to the Special Administrative Region's ongoing political unrest.
• Amazon.com Inc. (Nasdaq: AMZN) received a boost of confidence after Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) announced it had increased its stake in the e-commerce giant by 11% in the second quarter. Warren Buffett's shop now owns 537,700 shares that were worth $1.02 billion at the end of the June quarter.
• Look for additional earnings reports from NVIDIA Corp. (Nasdaq: NVDA), Applied Materials (Nasdaq: AMAT), Tapestry (NYSE: TPR), The Madison Square Group (NYSE: MSG), Canadian Solar (Nasdaq: CSIQ), and Dillard's (NYSE: DDS).