The Dow Market Happenings For Friday, March 6, 2015

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -75 points.

Thursday, the Dow was up +38.82 (+0.21%) at 18,135.72.

Year-to-date the Dow is up +1.75%.

There were 17 Dow stocks up Thursday.

Dow stock winners Thursday were led by Wal-Mart (WMT) +1.20% and International Business Machines (IBM) +1.10%.

Dow stock losers Thursday were led by Intel (INTC) -1.14% and McDonald’s (MCD) -1.14%.

U.S. employment accelerated in February and the jobless rate fell to a more than 6-1/2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after rising 239,000 in January. The decline in the unemployment rate from 5.7 percent in January took it to its lowest level since May 2008. Average hourly earnings rose by three cents last month. Economists had forecast a 240,000 increase in payrolls after a previously reported 257,000 rise in January. They had forecast the jobless rate falling one-tenth of a percentage point to 5.6 percent.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $2.458 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

AT&T (T)

AT&T (T) is up +1.22% year-to-date.

Financial Calendar

0830 ET Feb non-farm payrolls expected +235,000, Jan +257,000. Feb private payrolls expected +225,000, Jan +267,000. Feb manufacturing payrolls expected +11,000, Jan +22,000. Feb unemployment rate expected -0.1 to 5.6%, Jan +0.1 to 5.7%.

0830 ET Feb avg hourly earnings expected +0.2% m/m and +2.1% y/y, Jan +0.5% m/m and +2.2% y/y. Feb avg weekly hours all-employees expected unch at 34.6 hours.

0830 ET Jan trade balance expected -$41.5 billion, Dec -$46.6 billion.

1500 ET Jan consumer credit expected +$14.500 billion, Dec +$14.755 billion.

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