The Dow Market Happenings For Friday, August 7, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Chevron (CVX) and Procter & Gamble (PG).

The Market

Premarket today, the Dow was indicated to open down -58 points.

Thursday, the Dow was down -120.72 (+0.69%) at 17,419.75.

Year-to-date the Dow is down -2.26%.

There were 4 Dow stocks up Thursday.

Dow stock winners Thursday were led by Chevron (CVX) +1.38% and Exxon Mobil (XOM) +1.19%.

Dow stock losers Thursday were led by Microsoft (MSFT) -2.02% and Visa (V) -1.87%.

The U.S. economy added 215,000 jobs in July. Economists predicted the economy would add 216,000 jobs. Anything above 200,000 is considered good. The unemployment rate stayed the same at 5.3%, which is its lowest point since April 2008 and is considered near full employment. Wage growth remained sluggish in July as average hourly earnings only rose 2.1% compared to the prior year. The Federal Reserve wants to see annual wage growth closer to 3.5%.

Intel (INTC -0.38%) was downgraded to ‘Hold’ from ‘Buy’ at Drexel Hamilton.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $2.616 per gallon.

Earnings Reports.

Disney (DIS) reports earnings on 8/4/2015 after the market close.

Cisco (CSCO) reports earnings on 8/12/2015 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +11.04% year-to-date.

Financial Calendar

0830 ET Jul non-farm payrolls expected +225,000, Jun +223,000. Jul private payrolls expected +212,000, Jun +223,000. Jul manufacturing payrolls expected +5,000, Jun +4,000. Jul unemployment rate expected unchanged at 5.3%, Jun -0.2 to 5.3%.

0830 ET Jul average hourly earnings expected +0.2% m/m and +2.3% y/y, Jun unch m/m and +2.0% y/y. Jul average weekly hours all employees expected unch at 34.5 hours.

1500 ET Jun consumer credit expected +$17.0 billion, May +$16.086 billion.

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