DJIA Market Happenings For Friday, March 10, 2017

Dow stocks at 52 week highs include Johnson & Johnson (JNJ) and Visa (V). Dow stock 52 week lows include Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to up +97 points.

Thursday the Dow was up +2.46 (+0.01%) at 20,858.19.

Year-to-date the Dow is up +5.53%.

There were 21 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Johnson & Johnson (JNJ) +1.49% and Dupont (DD) +0.89%.

The Dow stock losers Thursday were led by Caterpillar (CAT) -1.97% and IBM (IBM) -1.26%.

The U.S. economy added 235,000 jobs in February. Estimates called for an addition of 200,000 jobs. The unemployment rate ticked down to 4.7 percent, compared with 4.8 percent in January. Wages rose by 6 cents to $26.09, following a disappointingly low 3-cent increase the month before. The Labor Department also revised its estimates for job creation in December and January, increasing the number of jobs to 9,000 more than previously reported.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.303 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 3/21/2017 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -5.70% year-to-date.

Financial Calendar

0830 ET Feb non-farm payrolls expected +200,000, Jan +227,000. Feb private payrolls expected +200,000, Jan +237,000. Feb manufacturing payrolls expected +10,000, Jan +5,000. Feb unemployment rate expected -0.1 to 4.7%, Jan +0.1 to 4.8%.

0830 ET Feb avg hourly earnings expected +0.3% m/m and +2.7% y/y, Jan +0.1% m/m and +2.5% y/y. Feb avg weekly hours all employees expected unch at 34.4 hours, Jan unch at 34.4 hours.

1400 ET Feb monthly budget statement expected -$187.5 billion, Jan +$51.257 billion.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.