The Dow Market Happenings For Friday, December 4, 2015

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include American Express (AXP).

The Market

Premarket today, the Dow was indicated to open up +47 points.

Thursday, the Dow was down -252.01

Year-to-date the Dow is down -0.52%.

There were 2 Dow stocks up Thursday.

The Dow stock winners Thursday wwew led by Wal-Mart (WMT +1.18%) and General Electric (GE) +0.20%.

Dow stock losers Thurssday were led by Travelers (TRV) +2.98% and Nike (NKE) +2.66%.

The Bureau of Labor Statistics reported that the US economy added 211,000 jobs in November, while the unemployment rate held steady at a seven-year low of 5%. Economists had estimated that nonfarm payrolls grew by 200,000 jobs last month, while the unemployment rate was unchanged at 5%. Average hourly earnings grew 0.2% month-on-month, unchanged from October. Compared to the same month last year, earnings growth was also unchanged, at 2.3%. The labor force participation rate was little changed from the prior month, at 62.5%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.047 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -20.80% year-to-date.

Financial Calendar

0830 ET Nov non-farm payrolls expected +200,000, Oct +271,000. Nov private payrolls expected +190,000, Oct +268,000. Nov manufacturing payrolls expected unch, Oct unch. Nov unemployment rate expected unch at 5.0%, Oct -0.1 to 5.0%.

0830 ET Nov avg hourly earnings expected +0.2% m/m and +2.3% y/y, Oct +0.4% m/m and +2.5% y/y. Nov avg weekly hours all employees expected unch at 34.5 hours.

0830 ET Oct trade balance expected -$40.50 billion, Sep -$40.81 billion.

1015 ET Philadelphia Fed President Patrick Harker gives opening remarks at a Philadelphia Fed Policy Forum on monetary policy renormalization.

1545 ET St. Lois Fed President James Bullard speaks at a Philadelphia Fed Policy Forum on The New Normal for the U.S. Economy.

1600 ET Minneapolis Fed President Narayana Kocherlakota speaks at a Philadelphia Fed Policy Forum on monetary policy renormalization.

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