Non-Farm Payrolls: DJIA Market Happenings For Friday, July 05, 2013

There are no Dow stocks at 52 week highs. For Dow stock 52 week lows we still only have Alcoa (AA).

The Market

Wednesday the Dow closed dup +56.14 (+0.38%) at 14,988.55.

This morning the Dow was indicated to open up +80 points.

Year-to-date the Dow is up +14.38%.

The Non-Farm Payroll report showed U.S. employers added a robust 195,000 jobs in June and many more in April and May than previously thought. Expectations were for adding 161,000 jobs.

The unemployment rate remained at 7.6 percent. That was because more people started looking for work in June . Once people without jobs start looking for one, the government counts them as unemployed.

Pay also rose sharply in June and has now outpaced inflation over the past year.

European markets are mixed and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent to $3.476 per gallon.

Earnings Reports

Alcoa (AA) will report earnings on 7/8/2013 after the market close.

UnitedHealth (UNH) will report earnings on 7/11/2013 before the market open (unconfirmed).

JPMorgan (JPM) will report earnings on 7/12/2013 before the market open.

Johnson & Johnson (JNJ) will report earnings on 7/16/2013 before the market open.

Coca Cola (KO) will report earnings on 7/16/2013 before the market open.

American Express (AXP) reports earnings on 7/17/2013 after the market close.

Bank of America (BAC) reports earnings on 7/17/2013 before the market open.

International Business Machines (IBM) reports earnings on 7/17/2013 after the market close.

Intel Corp. (INTC) reports earnings on 7/17/2013 after the market close.

Microsoft (MSFT) reports earnings on 7/18/2013 after the market close.

Verizon (VZ) reports earnings on 7/18/2013 before the market open

Earnings reports from Wednesday include:

International Speedway (ISCA) reported second quarter EPS of $0.51 vs. $0.50 expected on revenue of $178.4 million vs. $182.3 million expected.

Other stocks expected to report earnings today include:

Tech Data Corp. (TECD) is expected to report first quarter EPS of $1.03 vs. $1.24 a year ago on revenue of $6.43 billion vs. $5.9 billion a year ago.

Pfizer Inc. (PFE).

Pfizer Inc. (PFE) is up +10.25% year-to-date.

Financial Calendar

0830 ET Jun non-farm payrolls expected +165,000, May +175,000. Jun private payrolls expected +175,000, May +178,000. Jun manufacturing payrolls expected unch, May 8,000. Jun unemployment rate expected -0.1 to 7.5%, May +0.1 to 7.6%.

0830 ET Jun avg hourly earnings expected +0.2% m/m and +1.9% y/y, May unch m/m and +2.0% y/y. Jun avg weekly hours expected unch at 34.5, May 34.5.

0830 ET USDA weekly Export Sales.

n/a Deadline for the 18 large U.S. bank holding companies to submit the results of their company run mid-year stress tests to the Federal Reserve.

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