DJIA Market Happenings For Friday, June 5, 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 -39 points.

Thursday, the Dow was down -170.69 (-0.94%) at 17,905.58.

Year-to-date the Dow is up +0.46%.

There were 1 Dow stocks up Thursday.

The Dow stock winner Thursday was Goldman Sachs (GS) +0.28%.

The Dow stock losers Thursday were led by Dupont (DD) -2.22%, Verizon (VZ) -2.00% and Boeing (BA) -1.82%.

U.S. job growth accelerated in May and wages picked up, signs of momentum in the economy that could put a September interest rate hike from the Federal Reserve back on the table. Nonfarm payrolls increased 280,000 last month, the largest gain since December according to the Labor Department. The unemployment rate rose to 5.5 percent from a near seven-year low of 5.4 percent in April that was because more people, likely new college graduates, entered the labor force. Payrolls for March and April were revised to show 32,000 more jobs created than previously reported. That together with an eight cent gain in average hourly earnings suggest a September rate hike is now a possibillity.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.758 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -9.62% year-to-date.

Financial Calendar

0830 ET May non-farm payrolls expected +226,000, Apr +223,000. May private payrolls expected +220,000, Apr +213,000. May manufacturing payrolls expected +5,000, Apr +1,000. May unemployment rate expected unch at 5.4%, Apr -0.1 to 5.4%.

0830 ET May average hourly earnings expected +0.2% m/m and +2.2% y/y, Apr +0.1% m/m and +2.2% y/y. May average weekly hours all-employees expected unch at 34.5 hours.

1230 ET New York Fed President William Dudley speaks on the economy and monetary policy at a gathering of the Economic Club of Minnesota.

1500 ET Apr consumer credit expected +$16.000 billion, Mar +$20.523 billion.

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