DJIA Market Close For Thursday, August 01, 2013

Dow stocks at 52 week highs include 3M (MMM) and United Technologies (UTX) There are no Dow stock 52 week lows.

The Market

Thursday the Dow closed up +128.48 (+0.83%) at 15,628.02.

Year-to-date the Dow is up +19.26%.

The S&P 500 climbed 1.3% and closed above 1,700 for the first time ever, while the Dow Jones industrial average advanced 0.8% to a record high. The Nasdaq gained 1.4% to end at its highest level in almost 13 years.

The Labor Department reported the number of Americans filing first-time claims for unemployment benefits fell to a five-year low. That’s good news ahead of the government’s monthly jobs report tomorrow.

Economists expect the economy will have added 180,000 jobs in July, and that the unemployment rate will have ticked lower.

The Institute for Supply Management said the group’s monthly manufacturing sentiment index rose to 55.4, the highest level in two years. Any number above 50 signals growth.

The Census Bureau reported that construction spending declined 0.6% in June, surprising analysts who were expecting a slight rise.

Dow component Procter & Gamble (PG) reported better-than-expected earnings and sales for its fiscal fourth quarter.

Dow component Exxon Mobil (XOM) reported quarterly earnings that fell short of forecasts, citing weaker refining margins, while revenue topped estimates.

Upcoming Dow Stock Earnings Reports

Chevron (CVX) reports earnings on 8/2/2013 before the market open.

Disney (DIS) reports earnings on 8/6/2013 after the market close.

Cisco Systems (CSCO) reports earnings on 8/14/2013 after the close.

Boeing Co. (BA).

Boeing Co. (BA) is up +41.59% year-to-date.

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