DJIA Market Happenings For Friday, August 6, 2021 – Salesforce (CRM) +12.60% YTD

Dow stocks hitting 52 week highs include Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +108 points.

Thursday the Dow closed up +271.58 (+0.78%) at 35,064.25.

Year-to-date the Dow is up +14.56%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Salesforce (CRM) 250.56 (+2.62%), Amgen (AMGN) 233.99 (+2.49%) and Disney (DIS) 176.71 (+2.39%).

The Dow stock losers Thursday were UnitedHealth (UNH) 411.19 (-2.46%), Verizon (VZ) 55.30 (-0.13%) and Intel (INTC) 53.89 (-0.02%).

Dow futures rose Friday after the government reported strong-than-expected job growth in July.

The 10-year Treasury yield topped 1.29% as the unemployment rate dropped.

The Labor Department on Friday reported the U.S. economy created 943,000 new nonfarm jobs in July. The nation’s unemployment rate dropped to 5.4%. Economists had been looking for 845,000 new jobs and a headline jobless rate of 5.7%. The drop in the unemployment rate looked even stronger considering the labor force participation rate ticked up to 61.7%, tied for the highest level since the pandemic hit in March 2020. Wages were also stronger, with average hourly earnings increasing 0.4% in July.

JPMorgan Chase (JPM) led by bitcoin skeptic Jamie Dimon, has started giving its wealth management clients access to six crypto funds in the past month.

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

The national average price of gasoline is down one-tenth of a cent at $3.189 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reported earnings on 7/13/2021 before the market open of $15.02, beating estimates of $10.24 per share.

JPMorgan (JPM) reported earnings on 7/13/2021 before the market open of $3.78, beating estimates of $3.10 per share.

UnitedHealth (UNH) reported earnings on 7/15/2021 before the market open of $4.70, beating estimates of $4.407 per share.

IBM (IBM) reported earnings on 7/19/2021 after the market close of $2.33, beating estimates of $2.252 per share.

Travelers (TRV) reported earnings on 7/20/2021 before the market open of $3.45, beating estimates of $2.346 per share.

Johnson & Johnson (JNJ) reported earnings on 7/21/2021 before the market open of $2.48, beating estimates of $2.28 per share.

Coca Cola (KO) reported earnings on 7/21/2021 before the market open of $0.68, beating estimates of $0.566 per share.

Verizon (VZ) reported earnings on 7/21/2021 before the market open of $1.37, beating estimates of $1.303 per share.

Dow (DOW) reported earnings on 7/22/2021 before the market open of $2.72, beating estimates calling for $2.477 per share.

Intel (INTC) reported earnings on 7/22/2021 after the market close of $1.28, beating estimates of $1.057 per share.

American Express (AXP) reported earnings on 7/23/2021 before the market open of $2.80, beating estimates of $1.641 per share.

Honeywell (HON) reported earnings on 7/23/2021 before the market open of $2.02, beating estimates of $1.938 per share.

3M (MMM) reported earnings on 7/27/2021 before the market open of $2.59, beating estimates of $2.245 per share.

Apple (AAPL) reported earnings on 7/27/2021 after the market close of $1.30, beating estimates of $1.001 per share.

Microsoft (MSFT) reported earnings on 7/27/2021 after the market close of $2.17, beating estimates of $1.90 per share.

Visa (V) reported earnings on 7/27/2021 after the market close of $1.49, beating estimates of $1.334 per share.

Boeing (BA) reported earnings on 7/28/2021 before the market open of $0.40, beating estimates of -$0.654 per share.

McDonald’s (MCD) reported earnings on 7/28/2021 before the market open of $2.37, beating estimates of $2.123 per share.

Merck (MRK) reported earnings on 7/29/2021 before the market open of $1.30, missing estimates calling for $1.325 per share.

Caterpillar (CAT) reported earnings on 7/30/2021 before the market open of $2.56, beating estimates of $2.36 per share.

Chevron (CVX) reported earnings on 7/30/2021 before the market open of $1.60, beating estimates of $1.536 per share.

Procter & Gamble (PG) reported earnings on 7/30/2021 before the market open of $1.13, beating estimates of $1.083 per share.

Amgen (AMGN) reported earnings on 8/3/2021 after the market close of $4.38, beating estimates of $4.128 per share.

Disney (DIS) reports earnings on 8/12/2021 after the market close.

Home Depot (HD) reports earnings on 8/17/2021 before the market open.

Walmart (WMT) reports earnings on 8/17/2021 before the market open.

Cisco (CSCO) reports earnings on 8/18/2021 after the market close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 250.56 (+2.62%) is up +12.60% in 2021.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Wholesale Inventories (Preliminary)

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Consumer Credit

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