DJIA Market Happenings For Thursday, July 2, 2015

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Chevron (CVX), Dupont (DD), Exxon Mobil (XOM) and Wal-Mart (WMT).

The Market

Premarket today, the Dow was indicated to open up +40 points.

Wednesday, the Dow was up +138.40 (+0.79%) at 17,757.91.

Year-to-date the Dow is down -0.37%.

There were 24 Dow stocks up Wednesday.

Dow stock winners Wednesday were led by Travelers (TRV) +2.73% and Procter & Gamble (PG) +1.89%.

Dow stock losers Wednesday were led by Caterpillar (CAT) -1.03% and Exxon Mobil (XOM) -1.00%.

U.S. job growth slowed in June. Nonfarm payrolls increased 223,000 last month, the Labor Department said. Adding to the report’s soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported. With 432,000 people dropping out of the labor force, the unemployment rate fell two-tenths of a percentage point to 5.3 percent, the lowest since April 2008. The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, fell to 62.6 percent, the weakest since October 1977. The participation rate had touched a four month high of 62.9 percent in May. In addition, average hourly earnings were unchanged, taking the year-on-year increase to 2.0 percent.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is up four-tenths of a cent at $2.767 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) will report earnings on 7/14/2015 before the market open.

JPMorgan (JPM) will report earnings on 7/14/2015 before the market open.

Intel (INTC) will report earnings on 7/15/2015 after the market close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is down -6.19% year-to-date.

Financial Calendar

0830 ET Jun non-farm payrolls expected +230,000, May +280,000. Jun private payrolls expected +225,000, May +262,000. Jun manufacturing payrolls expected +6,000, May +7,000. Jun unemployment rate expected -0.1 to 5.4%, May +0.1 to 5.5%.

0830 ET Jun avg hourly earnings expected +0.2% m/m and +2.3% y/y, May +0.3% m/m and +2.3% y/y. Jun avg weekly hours all employees expected unch at 34.5 hours.

0830 ET Weekly initial unemployment claims expected -1,000 to 270,000, previous +3,000 to 271,000. Weekly continuing claims expected -11,000 to 2.236 million, previous +22,000 to 2.247 million.

0830 ET USDA weekly Export Sales.

0945 ET Jun New York ISM, May -4.1 to 54.0.

1000 ET May factory orders expected -0.5%, Apr -0.4%. May factory orders ex-transportation, Apr unch.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion), and 30-year T-bonds (previous $13 billion) to be auctioned Jul 7-9.

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