DJIA Market Happenings For Friday, January 9, 2015

Dow stocks at 52 week highs include Home Depot (HD), Merck (MRK), UnitedHealth (UNH) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -8 points.

Thursday, the Dow closed up +323.35 (+1.84%) at 17,907.87.

Year-to-date the Dow is up +0.48%.

All 30 Dow stocks were up Thursday.

The top Dow stock winners Thursday included UnitedHealth (UNH) +4.77%, Dupont (DD) +3.07%, Microsoft (MSFT) +2.94% and 3M (MMM) +2.40%.

There were no Dow stock losers Thursday.

Job growth in the US remains solid while wage growth is lacking. The latest jobs report showed that US employers added 252,000 jobs in December, better than expected. The unemployment rate also dropped to 5.6%, and last month’s blowout jobs report was revised higher to 353,000 from 321,000. This is the lowest unemployment rate level since June 2008.

The disappointing part of the report was average hourly earnings, which fell 0.2% month-on-month in December, reversing a 0.4% increase in November that was also revised lower in Friday’s report. On a year-on-year basis, wages grew just 1.7% in December, the smallest gain since October 2012.

JPMorgan Chase (JPM) reported a 4.9% passive stake in Brinker (EAT) .

European stocks are mostly lower and Asian markets ended with small gains.

The national average price of gasoline is down 1.4 cents at $2.168 per gallon.

Earnings Reports.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Travelers Companies Inc. (TRV) is up +1.26% year-to-date.

Financial Calendar

0830 ET Dec non-farm payrolls expected +240,000, Nov +321,000. Dec private payrolls expected +228,000, Nov +314,000. Dec manufacturing payrolls expected +15,000, Nov +28,000. Dec unemployment rate expected -0.1 to 5.7%, Nov unchanged at 5.8%.

0830 ET Dec avg hourly earnings expected +0.2% m/m and +2.2% y/y, Nov +0.4% m/m and +2.1% y/y. Dec avg weekly hours all-employees expected unch at 34.6 hours.

1000 ET Nov wholesale inventories expected +0.3% m/m, Oct +0.4% m/m. Nov wholesale trade sales expected unchanged m/m, Oct +0.2% m/m.

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