The Dow Market Happenings For Friday, July 7, 2017

Dow stocks at 52 week highs include JPMorgan (JPM). Dow stock 52 week lows include General Electric (GE) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open up +48 points.

Thursday the Dow was down -158.13 (-0.74%) at 21,320.04.

Year-to-date the Dow is up +7.88%.

There were 3 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Dupont (DD) +0.46% and Wal-Mart (WMT) +0.20%.

The Dow stock losers Thursday were led by General Electric (GE) -3.80% and Intel (INTC) -2.07%.

The Labor Department reported that 222,000 jobs were added last month. Economists had expected employment gains of 175,000. The unemployment rate was 4.4 percent. May’s jobless rate was 4.3 percent. The average hourly wage grew by 2.5 percent from a year earlier. The labor-force participation rate inched up to 62.8 percent, from 62.7 percent. Revisions added 47,000 more jobs to April and May than previously reported and over the past three months, job gains have averaged 194,000 a month.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is up 1.7 cents at $2.259 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reports earnings on 7/14/17 before the market open.

Goldman Sachs (GS) reports earnings on 7/18/17 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/18/17 before the market open.

UnitedHealth (UNH) reports earnings on 7/18/17 before the market open.

IBM (IBM) reports earnings on 7/18/17 after the market close.

American Express (AXP) reports earnings on 7/19/17 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +14.85% year-to-date.

Financial Calendar

0830 ET Jun non-farm payrolls expected +177,000, May +138,000. Jun private payrolls expected +170,000, May +147,000. Jun manufacturing payrolls expected +5,000, May -1,000. Jun unemployment rate expected unch at 4.3%, May -0.1 to 4.3%.

0830 ET Jun avg hourly earnings expected +0.3% m/m and +2.6% y/y, May +0.2% m/m and +2.5% y/y. Jun avg weekly hours all-employees expected unch at 34.4 hours, May unch at 34.4 hours.

0830 ET USDA weekly Export Sales.

n/a G-20 convenes for a 2-day meeting in Hamburg, Germany.

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