The Dow Market Happenings For Friday, June 4, 2021 – Travelers (TRV) +14.70% YTD

Dow stocks hitting 52 week highs include Caterpillar (CAT), Goldman Sachs (GS) and Coca Cola (KO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +67 points.

Thursday the Dow was down -23.34 (-0.07%) at 34,577.04.

Year-to-date the Dow is up +12.97%.

There were 16 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Dow (DOW) 70.61 (+2.41%), Merck (MRK) 73.91 (+2.16%) and Procter & Gamble (PG) 135.85 (+1.79%).

The Dow stock losers Thursday were led by Intel (INTC) 56.24 (-2.16%), Boeing (BA) 250.32 (-2.07%) and Salesforce (CRM) 230.84 (-1.61%).

U.S. stock futures rose and the 10-year Treasury yield ticked lower after Friday’s weaker than expected government employment report for May.

Jobs growth last month was about double the pace of April’s advance. The U.S. economy added 559,000 nonfarm payrolls in May, compared to estimates of 671,000. April’s jobs overall tally was revised up by 12,000 to 278,000. The nation’s unemployment rate slipped to 5.8% in May compared to estimates for a 5.9% rate.

Walmart (WMT) will give 740,000 employees free Samsung smartphones by the end of the year so they can use a new app to manage schedules, the company announced Thursday. The phone, the Samsung Galaxy XCover Pro, can also be used for personal use, and the company will provide free cases and protection plans. The phone’s retail price is currently $499.

Wednesday, Biden proposed a 15% minimum tax on corporations as part of a compromise to pay for a smaller $1 trillion infrastructure package.

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

The national average price of gasoline is up five-tenths of a cent at $3.047 per gallon.

Earnings Reports

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) 161.00 (+0.50%) is up +14.70% in 2021.

Financial Calendar

7:00 AM ET Jerome Powell Speaks

8:30 AM ET Employment Situation

10:00 AM ET Factory Orders

1:00 PM ET Baker Hughes Rig Count

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