DJIA Market Happenings For Friday, September 4, 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 -262 points.

Thursday, the Dow was up +23.38 (+0.14%) at 16,374.76.

Year-to-date the Dow is down -8.13%.

There were 21 Dow stocks up Thursday.

Dow stock winners Thursday were led by Intel (INTC) +1.68% and IBM (IBM) +1.19%.

Dow stock losers Thursday were led by Caterpiller (CAT) -2.17% and Apple (AAPL) -1.75%.

U.S. payrolls rose less than expected in August, but a drop in the unemployment rate to a near 7-1/2-year low of 5.1 percent and an acceleration in wages kept alive prospects of a Federal Reserve interest rate hike later this month. Nonfarm payrolls increased 173,000 last month as the manufacturing sector lost the most jobs since July 2013, the Labor Department said on Friday. It marked a slowdown from July’s upwardly revised gain of 245,000 and was the smallest rise in employment in five months.

Caterpillar (CAT -2.17%) was downgraded to ‘Neutral’ from ‘Outperform’ at Baird.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down 1.4 cents at $2.424 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +0.80% year-to-date.

Financial Calendar

0810 ET Richmond Fed President Jeffrey Lacker addresses the Retail Merchants Association in Richmond, VA, during their Economic Forecast Breakfast in a speech titled The Case Against Further Delay.

0830 ET Aug non-farm payrolls expected +219,000, Jul +215,000. Aug private payrolls expected +205,000, Jul +210,000. Aug manufacturing payrolls expected +5,000, Jul +15,000. Aug unemployment rate expected -0.1 to 5.2%, Jul unch at 5.3%.

0830 ET Aug average hourly earnings expected +0.2% m/m and +2.1% y/y, Jul +0.2% m/m and +2.1% y/y. Aug average weekly hours all employees expected -0.1 to 34.5 hours, Jul 34.6 hours.

n/a G-20 finance ministers and central bankers hold 2-day meeting in Ankara, Turkey.

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